DSA has too many zingers for him to even think of trying to handle.

[quote=NASD Newbie]

A cold, unvarnished, truth is that a smart person can get better advice by reading several publications, paying attention to what is going on around them, and using the Internet.

[quote=canucklehead]

Dev SA and NASDy,

Can you guys hang on while I get a beer? Something tells me this is gonna be fun to watch.

[/quote]

Long as you get me one too and keep it on ice - I'm still working!

At Schwab and at Fidelity, the brokers are getting paid to move money from the discount accounts into separates.  Generally, these are large accounts (at least $500K) that have not been traded actively.  Their grid does not translate neatly into our grids because they’ll convert some of the revenue into future salary.  The brokers can choose to sit around and be “order takers” but the ones that are doing well are proactively calling the large accounts and convincing them to use managed money.