Potential Advisor |
Post Reply | Page <123 |
Author | |||
Macduff
Senior Member Joined: Oct/27/2013 Location: United States Status: Offline Points: 1140 |
Post Options
Thanks(0)
|
||
For sure, that's why the multiples have been pushed so high. When you can move 100% of the book with a single form, it makes the transition easier.
|
|||
“I was born for the storm, and a calm does not suit me.”
― Andrew Jackson |
|||
johnalden
Member Joined: Feb/02/2022 Status: Offline Points: 284 |
Post Options
Thanks(0)
|
||
I sat through an Ameriprise presentation very recently. I was impressed with their transition process among other things. I came away thinking they really have some good things going on. They did a proforma for me and went over all operating expenses. The 25 bps haircut you are referring to on fee based accounts was described to me as a fee that varies based upon the size of the household as well as the advisor's book of business. They told me the highest global admin fee would be 20 bps for my book, and only on small households. They told me that on larger households it could be as low as 5 bps. I'm waiting to get all of this in writing. Also, they told me I would not have to do financial plans that I charge for. Is this not correct?
Edited by johnalden - Sep/16/2022 at 5:11pm |
|||
Post Reply | Page <123 |
Tweet |
Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |