Provacative Put

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Oct 25, 2008 9:26 am

Put… you make some interesting points here and other places on the forum. A couple of questions, instead of the fee based aum model most of us here now work under, what do you think the new model should look like? How would you be doing business today if you were in production? Where would you do it?

  Seems to me the big firms do represent a safe port in the storm to some clients- yet, we all see reports daily of large teams leaving the major firms and going RIA or to a firm that has not had the conflicts of interest (Raymond James is a recent example).   If the large wires are the place to be for now, do the management teams want to do what it will take to keep top advisors around? I know choices are more limited now but top producers can and have left. Lots of media opinions are that the real strength of Merrill is the brokers, I would think that would be especially true today after the subprime meltdown, ARS etc. if that's the case, wouldn't Mr. Lewis at BofA want to keep the brokers, and especially keep the top FA's around and happy?   Not flaming here at all just some thoughts and questions.
Oct 26, 2008 12:45 pm

[quote=Ferris Bueller]It’s amazing, but he hasn’t been here in 2 days
and look at all the productive posts and discussion we’ve had.[/quote]

What I did was really kind of fun.  My wife woke me up on Saturday and told me to get dressed for a football game.

We drove to Knoxville to watch the undefeated Crimson Tide at Neyland Stadium.

The best part was that we joined up with my wife’s brother and his wife
who are major contributors to Tide sports and as a result belong to
some sort of elite fan deal that meant that we could ride to the
stadium in a bus with a police escort on streets that were kept clear
for such groups.

I had never been to a game at Tennessee—the damn stadium is huge, as in 105,000 people were there huge.

Bama should hold onto number two.

Oct 26, 2008 2:01 pm

[quote=Provocative Put]The best part was that we joined up with my wife’s brother and his wife
who are major contributors to Tide sports … [/quote]
No.  The best part was this forum was spared your inane patter for a while.

Oct 26, 2008 8:48 pm

ROLL TIDE!!  Just got back from drinking to much in Biloxi at the Hard Rock.  I knew I liked Put for some reason.  Wife is a '91 alum…105,000 in the first half and 20k by the fourth quarter.