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luvindy View Drop Down
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Joined: May/17/2010
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Oct/23/2019 at 8:12pm
Originally posted by JenniferW JenniferW wrote:

Originally posted by missionshooter missionshooter wrote:

J-WOW, the 30k of deactivated advisory is killing you.

Tell me about it!

Quote There is a form to reactivate these accounts. Unless they are nonqualified accounts, you might consider rebalancing annually to meet your requirement.


I have the forms, but thanks. The problem is convincing the clients of the value of moving out of a portfolio that's averaged about 13-14% returns for the last 10 years. The return of volatility has helped in some cases but there are still some big accounts holding out. (A few are non-qualified so they're looking at massive capital gains. Some of those we're doing a portion each year at whatever tax burden they can bear.)

You need an advisory fee compensation structure to allow you to systematically diversify them into different fund managers over time, and to reinvest capital gains distributions into other fund managers at no commission expense.

Done over and over.
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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bc2051 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bc2051 Quote  Post ReplyReply Direct Link To This Post Posted: Oct/23/2019 at 8:17pm
I can’t imagine a scenario where I have to sell my clients on a mgmt fee year after year
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