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Cyprus Adviser

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bournemouthboy View Drop Down
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    Posted: Sep/06/2017 at 5:25am
Hey everyone,

I'm a licensed adviser working in Cyprus.... that's North of Africa, West of the Middle East, Under Turkey and to the right of Europe... 

Currently working under an umbrella as self employed and am always looking to improve my business plan, strategies and ways to add value to my client's experience with me with their finances and plans.

I look forward to participating in this forum.
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Spaceman Spiff View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spaceman Spiff Quote  Post ReplyReply Direct Link To This Post Posted: Sep/06/2017 at 10:04am
I'm curious how much of what we discuss here in the US applies to you in Cyprus. 
 
Do you and your fellow advisors debate active vs passive too?  Is there an Edward Jones equivalent for you to make fun of? 
 
If you enjoy those two topics, you'll fit in well here.   
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Ironman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ironman Quote  Post ReplyReply Direct Link To This Post Posted: Sep/06/2017 at 9:12pm
Our industry is being dragged to become fiduciaries. How does that work in Cyprus?
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luvindy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Sep/06/2017 at 9:39pm
It sucks having that obligation to do what's right for people. Very unAmerican.
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,322
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Ironman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ironman Quote  Post ReplyReply Direct Link To This Post Posted: Sep/06/2017 at 11:26pm
Originally posted by luvindy luvindy wrote:

It sucks having that obligation to do what's right for people. Very unAmerican.

What from my post said that I oppose it? I said the industry is being dragged, not me. I think that is an accurate statement.

I'm strongly in favor of it and believe it should apply to NQ accounts as well. I've voiced this openly at region gatherings in spite of the prevailing view of others.


Edited by Ironman - Sep/06/2017 at 11:27pm
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RIArules View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2017 at 12:54am
Originally posted by luvindy luvindy wrote:

It sucks having that obligation to do what's right for people. Very unAmerican.


Well, we can always pop popcorn and watch Wolf of Wallstreet, and remember the good old days.
We may "rob you slowly," but you're not going to see that shit.

Edward Jones Newb, Circa September 2016
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Moraen View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Moraen Quote  Post ReplyReply Direct Link To This Post Posted: Sep/07/2017 at 9:22am
I think the problem is "having" to do what is right for people.

My guess is the net effect on shady shit will be zero when fiduciary standard is instituted across the board.

We had a regulatory seminar in my Ph.D. this summer where I tore apart the notion of compensation methods making one ethical.  People were like, "Do you work at Merrill?", and I said that I'd been RIA for nearly ten years, so no. 
I come in peace. I didn’t bring artillery. But I’m pleading with you, with tears in my eyes: If you fuck with me, I’ll kill you all. - General James Mattis

Fiduciary as Fuck - iMo
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