Advisory Solutions $50K
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Do you really believe “the rest of the industry” called BAC, C and Lehman right? That is a pretty broad statement.
Breaking - I believe even the hated Meredith Whitney called it. Anybody who couldn't see what was going to befall Lehman three days before it fell should have been fired, tarred and feathered.Do you really believe “the rest of the industry” called BAC, C and Lehman right? That is a pretty broad statement.
[quote=jkl1v1n6]
Was it over when the Germans bombed Pearl Harbor? [/quote] Actually, it was the Japanese who bombed Pearl Harbor. Just sayin'......[quote=Soothsayer][quote=jkl1v1n6]
Was it over when the Germans bombed Pearl Harbor? [/quote] Actually, it was the Japanese who bombed Pearl Harbor. Just sayin'......[/quote]It is in reference of Belushi' speech in Animal House...
[quote=Soothsayer][quote=jkl1v1n6]
Was it over when the Germans bombed Pearl Harbor? [/quote] Actually, it was the Japanese who bombed Pearl Harbor. Just sayin'......[/quote] This is the second time I've seen this corrected on this site. The first was Ice, my question is how young are you guys? The second question I have is why haven't you, regardless of your age, seen one of the all time funniest movies?[quote=jkl1v1n6]
Over! Did you say over? Was it over when the Germans bombed Pearl Harbor? Hell no! And it ain't over now, when the going gets tough...the tough gets going. What the f*** happened to the Spiff I used to know? Where's the spirit? Where's the guts? This could be the greatest night of your life, but you're going to let it be your worst. We're afraid to go with you, we might get in trouble. Well just kiss my a** from now on. Not me, I'm not gonna take this.
Come on Spiff this has been your most valiant battle yet. Don't let them snatch it away from you. [/quote] I didn't catch the Animal House reference until you mentioned it. And I've seen the movie half a dozen times.[quote=Spaceman Spiff]Why would it be bad and who would it be bad for?
If you go indy (which would be the only really logical place to go if you leave Jones) all those things that used to be automatic (including the research and fund selection if you use the models) you now have to do yourself. [/quote] So not true...RJ does everything Jones does in this regard and still pays an Indy payout.Yeah, we covered that already. But thanks for the reminder.
Nothin like kicking a guy while he's already down. So who has a better research area, LPL or RayJay?Right on Moraen, comparing the c***tail of A share funds I use to their AS morningstar comparison A shares win. Unless I can use stocks and bonds in a fee based account, AS is not best for the client and I can sleep with a clean conscience. BTW Iceco1d the fee is 1.35% and try discounting the poor thing and your cut goes to 30% of gross. Use it at your own peril folks, I would rather wait a couple more years to see how it all works out.
Sad thing is the GP’s got a pretty good return on their investment (somewhere in the range of 40%) while the rest languish at zero bonus bracket.
[quote=LuvIndy][quote=Spaceman Spiff]Why would it be bad and who would it be bad for?
If you go indy (which would be the only really logical place to go if you leave Jones) all those things that used to be automatic (including the research and fund selection if you use the models) you now have to do yourself. [/quote] So not true...RJ does everything Jones does in this regard and still pays an Indy payout.[/quote]As an Indy with RJ I just consider them one source among many. In fact our internal platform subscribes to 2 other firms besides RJ, and Gasp...sometimes they disagree! I don't ever feel the need to say "we think" or "our analysts think" any more. It's quite freeing.
Right on Moraen, comparing the c***tail of A share funds I use to their AS morningstar comparison A shares win. Unless I can use stocks and bonds in a fee based account, AS is not best for the client and I can sleep with a clean conscience. BTW Iceco1d the fee is 1.35% and try discounting the poor thing and your cut goes to 30% of gross. Use it at your own peril folks, I would rather wait a couple more years to see how it all works out.
Just like C shares are cut down to 35% of gross for no reason other than to motivate the scrubs to send more money sooner to the GP's.
Funny. We used to get criticized for using A shares. Now we are criticized for using managed accounts.Right on Moraen, comparing the c***tail of A share funds I use to their AS morningstar comparison A shares win. Unless I can use stocks and bonds in a fee based account, AS is not best for the client and I can sleep with a clean conscience. BTW Iceco1d the fee is 1.35% and try discounting the poor thing and your cut goes to 30% of gross. Use it at your own peril folks, I would rather wait a couple more years to see how it all works out.
2 things…
First of course we are going to question your use of managed accounts, since for a long time your firm railed about how bad they were... Second, I think the criticism stems from post regarding how yours is the best platform out there(when really it's just recycled AGE stuff). That is sure to agrivate some people who have been doing this for a while. not just in the last yearThe payout on AdvSol is only reduced if you discount below 1.15% and with rebated 12b1s and RS, they are at or very near 1% before any tax deductions are taken into account
Can someone from Jones… post what your growth and income portfolio in advisory consists of and how the rebalancing works… not a custom design but one create by HQ
[quote=Squash1]2 things…
First of course we are going to question your use of managed accounts, since for a long time your firm railed about how bad they were... Second, I think the criticism stems from post regarding how yours is the best platform out there(when really it's just recycled AGE stuff). That is sure to agrivate some people who have been doing this for a while. not just in the last year[/quote] I understand point 1. The new administration is making up for past sins. Point 2, I can't control Spiffy .If you have $100,000 ($50,000 soon) and I am licensed in your State and the risk tolerance is right, I sure can.Can someone from Jones… post what your growth and income portfolio in advisory consists of and how the rebalancing works… not a custom design but one create by HQ
Chief...
There are to my knowledge a bunch of portfolios run by EDJ HQ, that the advisor can choose. or they can build their own.. I think they have about 100 investments they can choose from, but the crap part is that they still have to fit into each EDJ category, so they couldn't move to cash or overweight certain sectors..FYI- If you discount below the 1.35%l on money less than 100000 in Advisory Solutions your payout goes to
30%.