30 mil AUM LOS 7 not bad!
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Here’s why. Today more than ever in this overbrokered, dilluted, transparent, firm-bank-RIA saturated, compression margined, over complianced, annuitized, do it yourselfer, internet competitive, two 50% correction decade…One should not feel bad if they started in 02, they have 30 million AUM, which were probably 40 mil plus 18 months ago. Let’s not pretend the worst economic time in modern history is not happening. If your LOS 7 with 10 mil, probably in the wrong biz. Anyone I have seen at ML with above average assets (5mill per year in Biz, IMHO) took over a book…period.
pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million?[quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] If you see yellow stuff in your wheaties tomorrow, don't eat the wheaties!!! Seriously, it all depends on the kind of practice that you run. Are they making you field train someone else??[quote=Shania Twain][quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[/quote] Nice. I think I've made a new friend. Worthless manager? Not hardly. When you put a post like this guy did on a forum like this you open yourself up to comments like mine. Now, take a big girl pill and be quiet.[quote=Spaceman Spiff][quote=Shania Twain][quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[/quote] Nice. I think I've made a new friend. Worthless manager? Not hardly. When you put a post like this guy did on a forum like this you open yourself up to comments like mine. Now, take a big girl pill and be quiet. [/quote] Just curious...serious question....why didn't you jump down Windy's throat like that when he posted how great he was?????????[quote=Spaceman Spiff][quote=Shania Twain][quote=Spaceman Spiff]pewter - are you saying all of that to make yourself feel good?
Just to balance the scales, there's a Jones guy in our area who started in 2000 and today has $150 milliom AUM. Still feeling good about your $30 million? [/quote] stfu u jerk off arent u a worthless manager anyway? leave the guy alone assw*pe[/quote] Nice. I think I've made a new friend. Worthless manager? Not hardly. When you put a post like this guy did on a forum like this you open yourself up to comments like mine. Now, take a big girl pill and be quiet. [/quote] Whew! I think Sergeant Hartman just blushed...HKA - I don't know. I don't remember how I got involved in the whold Windy debate. I also don't remember Windy ever just starting a post with comments like this one. He was usually commenting about someone else's post. Then the pissing war would begin.
This guy, out of the blue, puts up a post that just screams that he is celebrating his mediocrity. Then he comments about anyone at ML with above average assets taking over a book? Really? If you want to make yourself feel good about where your assets are, fine. But do you seriously think you should post them on an internet site and expect that you're going to get a round of kudos or pats on the back. If you do, then you might want to find out if they're patting you on the back like you're a rock star or if they're patting you on the back like you just won the bronze in the Special Olympics. Don't send me any PMs about the Special Olympics comment. Forgive me for my momentary lapse of judgement.
Ms. Twain - just FYI - cussing doesn't make you appear very intelligent. To me it means that you aren't smart enough to fill those spaces in your sentences with words that have any real meaning. The fact that you're typing with your thumbs doesn't help either." Joe Heller
True story, Word of Honor:
Joseph Heller, an important and funny writer
now dead,
and I were at a party given by a billionaire
on Shelter Island. <?: PREFIX = ST1 />
I said, "Joe, how does it make you feel
to know that our host only yesterday
may have made more money
than your novel 'Catch-22'
has earned in its entire history?"
And Joe said, "I've got something he can never have."
And I said, "What on earth could that be, Joe?"
And Joe said, "The knowledge that I've got enough."
Not bad! Rest in peace!"
--Kurt Vonnegut
The New Yorker, May 16, 2005 "<?: PREFIX = O />
[quote=Spaceman Spiff]
HKA - I don't know. I don't remember how I got involved in the whold Windy debate. I also don't remember Windy ever just starting a post with comments like this one. He was usually commenting about someone else's post. Then the pissing war would begin.
[/quote] Actually, someone would talk about their production, day, or the weather and Windbag would then try to brag about his numbers while telling everyone they sucked compaired to him. Then you'd enter like a momma bear to defend your cub once he got beat up on.[quote=mlgone]LMAO Spaceman…
Do you really think what is posted here is fact? I acutally have 40k under mgmt and charge .20bps And I could buy your book read my tag line[/quote] Prove it[quote=voltmoie][quote=mlgone]LMAO Spaceman…
Do you really think what is posted here is fact? I acutally have 40k under mgmt and charge .20bps And I could buy your book read my tag line[/quote] Prove it[/quote] I am the Walrus.Mediocre? After ten years at Jones, that’s not setting the world on fire but I bet it’s not the worst.
But how much of the entire EDJ staff clears what an Indy might make on that $30MM? 10%? 15%?? Lessee … $210K take home based on 1% *70%; which means a Jones guy would have to knocking down $40K a month, right?
I don’t know about your region, but it’s not like we’ve got a lot of 10 year vets grossing $500k a year.
[quote=voltmoie] [quote=Spaceman Spiff]
HKA - I don’t know. I don’t remember how I got involved in the whold Windy debate. I also don’t remember Windy ever just starting a post with comments like this one. He was usually commenting about someone else’s post. Then the pissing war would begin.
[/quote]Actually, someone would talk about their production, day, or the weather and Windbag would then try to brag about his numbers while telling everyone they sucked compaired to him. Then you’d enter like a momma bear to defend your cub once he got beat up on. [/quote]
No, Actually I would comment on someone’s post because I was doing well right out of the gate and wanted to share my success stories with other rookies (Thats what I thought this site was for) and then i got called a liar,. Posting my numbers was merely defending myself, except for giving Volt sht. Spiff just knew that I wasn’t lying because he’s seen the proof. I know I know, “But we’ve seen your numbers”. No you haven’t, only numbers that were not updated or right, and you take it as the bible. I do, however, apologize to Spiff for all you bastards giving him sht, because he knows the truth. The rest is you guys just reaching for something to bash on.
Got a contractor coming in to put a window in my office and I’m going to be painting it and remodeling it tomorrow. I must sleep…
Spiff, I normally enjoy reading your posts, but I think you were a little harsh towards Pewter. By the way, do you have $30MM in assets?
Wow, did not mean to incite. No doubt some exceptions! I live in a smaller city, local ML office @80 brokers. Typical LOS 10 + prob 60 - 100 ish. depending on their model making + - 200k. There are LOS 15 - 20’s with 300mil + making 500k plus…legacy assets…I know a jones broker who grew very quickly, there was a story behind it, no inheritance, but unique situation. I am saying that outside of NYC, LA, other majors, we can be in this biz, and still enjoy a comfortable life, and have a rewarding career. Thats all. For those that are LOS 5 with 50 mil and earned it…hat’s off. My experience has been that there is almost always a significant reason for exceptional profile, not abilities. Believe me on more than one occassion I have bought in to someone’s success, only to be disappointed.
You didn’t do the inciting, pewter, I did. Only partially accidental.
Just FYI, I don't disagree with you. I'm sure there are a lot of people in this business with $30 million under management who are perfectly happy. If I were 100% fee based and indy, I would be too. My experience is with Jones. At Jones if you're out 10 years and you're at $30 Mil, you're not doing something right. You might be surviving, but you're certainly not comfortable and you're probably on someone's radar screen. Of course until the last year or so we didn't do any fee based biz to think of, so there was/is a constant need to add new dollars. Here at Jones they tell us that until you get to $30 mil you keep your nose to the grindstone and keep pushing. At that point you should be able to keep yourself out of hot water with the powers that be, but like I said before, you're not really comfortable yet like I think all of us in this business want to be. My apologies if I came across too harsh. I'm not normally like that.I think there should be a rule on this board about posting in complete sentences. My second grader can do a better job at this than you. Just FYI the word that you should be using is you're. It's a contraction, which means that you combine two words into one, leaving out some letters of one or both. You're is a contraction of the words you and are. I'll use it appropriately in a sentence for you: You're a moron. You're typing with your thumbs. Put the cell phone down before your teacher takes it away.spaceman
your at jones as a manager and your busting my arse???
lol
where r u? Alabama
F you!
get back in ur trailer arshole