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   I have a family member----lets call him Bob----who is an advisor with Jones.  Bob is starting the retirement process and wants to pass on a portion of his book to me.  That amount is 75 mil AUM.  Bob lives in a wealthy suburb of a major city and has built up a seemingly great practice with loyal/high net worth clients that he has been working with for years.  I have had preliminary conversations with the people at jones and they gave me a rough outline of how the transition would look and the first few years are pretty bloody....to start with the firm takes 50% of commissions from the inherited clients off the top for a period of four years as an adjustment.  Then---of the remaining commission---it would be a sliding scale starting at 90% to EJ and 10% to me which would gradually increase over four years until the adjustment disappears.  Sounds like id be on the hook for office costs out of the gate as well but i need to clarify.
I am an attorney who has been out of law school for 7 years working as a state and federal prosecutor.  I am very good at my job and like what i do. I also have 200k in student loans that will conceivably be erased if i work for the government for another four years.

Every conversation i've had with the people at Jones makes the job less appealing. The adjustment is just brutal. However, I realize how lucky I am to be given this opportunity and most people in the business would kill to start with 75m AUM and that the hardest part of the job is done and this is a pretty significant advantage.  I am not adverse to hustling and i know i will have to work hard----but at this point in my life have no interest in door knocking or cold calling. I have a personality that would be well suited for sales and I was a FA for a hot second before law school so I have a rough idea of the game. I tend to focus on all the negatives and the things that piss me off about the conversations I've had with EJ-----from a financial perspective, I would be stupid to pass this up, right?