It's been a long time |
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rankstocks
Rookie Joined: Jun/28/2017 Status: Offline Points: 99 |
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Posted: Jun/28/2017 at 12:55am |
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Missed this forum. I bet it's been half a decade since I last logged on. I hope all is well. For those that haven't been here long, I'm an EDJ advisor with 20 years experience, million dollar producer, with a CFP and master's degree. Back in the day I enjoyed this forum while it was on registeredrep.com. Looking forward to seeing how everyone is doing.
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Guests
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Welcome. What brings you back?
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Moraen
Admin Group Resident Sage Joined: Mar/09/2010 Status: Online Points: 30789 |
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What up rank? Good to see you again.
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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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B24
Moderator Joined: Mar/09/2010 Status: Offline Points: 25763 |
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Blast from the past! Welcome back Rank.
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"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16
"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18 |
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RIArules
Platinum Member Joined: Mar/15/2010 Status: Offline Points: 36500 |
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You're going to fail.
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Is it too late to exhume Ken Starr?
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Mike Damone
Senior Member Joined: Mar/15/2010 Status: Online Points: 6342 |
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Welcome Back Rankstocks!
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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20 years @ EDJ!?!
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Spaceman Spiff
Gold Member Joined: Mar/11/2010 Status: Offline Points: 10546 |
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At that level, I'm guessing his total comp is pretty close to yours.
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rankstocks
Rookie Joined: Jun/28/2017 Status: Offline Points: 99 |
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Good to see some old names I'm familiar with! Awesome to see my peeps holding down the forum still. I think what brought me back was the need to reach out and relate with fellow advisors, from different perspectives and points of view, I enjoyed that before. Maybe catch up on things within the industry I might be missing. Yah, over 20 years. Feels like it lately. Our industry is getting put through the meat grinder , and I think a forum like this might help me feel like I'm pushing back a little.
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luvindy
Moderator Joined: May/17/2010 Status: Online Points: 25774 |
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I think you missed learning that the industry is dead because of the DOL. Sorry you missed out on all of the fun here, but now it's over.
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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, |
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Hoss
Member Joined: Feb/19/2012 Location: Desk Status: Offline Points: 251 |
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Luvindy, I know you are being sarcastic, but I have used the DOL rule in the last 18 months to completely change my business from a traditional commission model to fee based. I guess I saw the light, finally, and became a modern advisor.
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luvindy
Moderator Joined: May/17/2010 Status: Online Points: 25774 |
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Is that why you've been so quiet for the last year? Welcome back.
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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, |
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SometimesNowhere
Gold Member Joined: Mar/11/2010 Status: Offline Points: 13989 |
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^^^^^^^^ |
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Hoss
Member Joined: Feb/19/2012 Location: Desk Status: Offline Points: 251 |
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Yes and Thank you
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Iamlegend
Platinum Member Joined: Mar/09/2010 Status: Offline Points: 22533 |
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Did the process go well? |
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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It's going well at EDJ across the board. DOL Letters went out to clients, June now as fiduciaries . CAIBX, movin to fee based at 1.35% with preferred fund families! !
0.25% 12b-1 ----NOW 1.35% To the grid. FUCK YAAAAAA! This is for your own good mr. Client. Cough cough, and mine to! |
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What year did you do this? |
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Hoss
Member Joined: Feb/19/2012 Location: Desk Status: Offline Points: 251 |
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Well, some folks handled it well, some did not . Some left. Just to add one more thing to it , we moved out of mutual funds and outside money managers. We manage the money for our clients. Stocks, preferreds, and bonds.So the total fee is more competitive and we have full transparency. Some people got it and liked that and some did not. I think it's more who we are. So we committed to it and business is good.
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Spaceman Spiff
Gold Member Joined: Mar/11/2010 Status: Offline Points: 10546 |
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I did exactly that Spiff.
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