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CashFlow View Drop Down
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Points: 846 		Post Options Post Options   Thanks (1) Thanks(1)   Quote CashFlow Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 11:32am
If I were looking again I would consider 

RJ either quasi independent or full Indy
LPL- didn’t like them when I talked last time
Schwab alliance was impressive for RIA but didn’t like two set of books with a broker friendly BD
Commonwealth
Kestra- probably a stretch for me
Stifel - new push in my independent so would at least take a look. 

Really depends on whether you want RIA or just independent.  My guess is you will spend 25 percent of your time on a regular basis actually spending time running the business.  That might be high as it is just a guess. 
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The Dude View Drop Down
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Not at Jones.
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The Dude View Drop Down
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Not at Jones. Wouldn’t entertain it either.
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The Dude View Drop Down
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.

Edited by The Dude - Aug/04/2022 at 4:42pm
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The Dude View Drop Down
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This is good info. Thank you. I don’t thin RIA is a good fit for me at the moment, so I have t been entertaining it. Appreciate the perspective 🤙
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The Dude View Drop Down
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Originally posted by Conrad Dobler Conrad Dobler wrote:

Am I the only person who thinks that a newbie taking "The Dude" is a bit presumptuous? LOL

Thumbs Up About what? lol
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helado View Drop Down
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Points: 27158 		Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 5:20pm
Originally posted by The Dude The Dude wrote:

This is good info. Thank you. I don’t thin RIA is a good fit for me at the moment, so I have t been entertaining it. Appreciate the perspective 🤙

Why do you say RIA isn't a good fit for you?  What's your breakdown of...

Fee-based
Insurance
Fixed Annuities
Brokerage +variable annuity + any other commission business
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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helado View Drop Down
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Points: 27158 		Post Options Post Options   Thanks (0) Thanks(0)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 5:22pm
Second question...

You said your "team"...are you doing $1mm by yourself?  Is your team doing $1mm?  Is your team doing more than $1mm and your share of that is $1mm?  Or is the "team" just other advisors you'll jump with, but aren't sharing clients/books?

I'm not asking because I'm curious.  I'm asking because your answer, along with your product mix (previous post) will impact where you should be looking in the indy world.  
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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Nathan Explosion View Drop Down
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Originally posted by The Dude The Dude wrote:

.

Well said.  
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luvindy View Drop Down
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Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by The Dude The Dude wrote:

.

Well said.  

This.
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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Conrad Dobler View Drop Down
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Points: 39703 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Conrad Dobler Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 5:58pm
Originally posted by luvindy luvindy wrote:

Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by The Dude The Dude wrote:

.

Well said.  

This.
Call me Dirt, Dirt Diggler.
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DucatiSportGT View Drop Down
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RC has been noticeably quiet as of late. 
Self appointed leader of the chorus.
I hate being right. It's not a badge of honor for me. Most of the time I wish I was wrong.
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The Dude View Drop Down
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Points: 28 		Post Options Post Options   Thanks (0) Thanks(0)   Quote The Dude Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 6:18pm
Originally posted by luvindy luvindy wrote:

Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by The Dude The Dude wrote:

.

Well said.  

This.
That was a typo. Still figuring out this formatting.
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Nathan Explosion View Drop Down
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Originally posted by The Dude The Dude wrote:

Originally posted by luvindy luvindy wrote:

Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by The Dude The Dude wrote:

.

Well said.  

This.
That was a typo. Still figuring out this formatting.

That’s cool bro.  You’ll understand soon.  
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The Dude View Drop Down
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Originally posted by helado helado wrote:

Second question...

You said your "team"...are you doing $1mm by yourself?  Is your team doing $1mm?  Is your team doing more than $1mm and your share of that is $1mm?  Or is the "team" just other advisors you'll jump with, but aren't sharing clients/books?

I'm not asking because I'm curious.  I'm asking because your answer, along with your product mix (previous post) will impact where you should be looking in the indy world.  

I’m (personally) producing about 1.2m annually. All me. 
Looking at possibly forming a team of multiple FAs in the next chapter, should I proceed.

The RIA route sounds like a lot of work at this time, thus my hesitancy. But would still consider it.
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gregsanberg View Drop Down
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Points: 1022 		Post Options Post Options   Thanks (1) Thanks(1)   Quote gregsanberg Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 6:22pm
Originally posted by The Dude The Dude wrote:

Originally posted by luvindy luvindy wrote:

Originally posted by Nathan Explosion Nathan Explosion wrote:

Originally posted by The Dude The Dude wrote:

.


Well said.  


This.

That was a typo. Still figuring out this formatting.


Check with Ricky if you want a tutorial on editing
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helado View Drop Down
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Points: 27158 		Post Options Post Options   Thanks (1) Thanks(1)   Quote helado Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 6:25pm
Originally posted by The Dude The Dude wrote:

Originally posted by helado helado wrote:

Second question...

You said your "team"...are you doing $1mm by yourself?  Is your team doing $1mm?  Is your team doing more than $1mm and your share of that is $1mm?  Or is the "team" just other advisors you'll jump with, but aren't sharing clients/books?

I'm not asking because I'm curious.  I'm asking because your answer, along with your product mix (previous post) will impact where you should be looking in the indy world.  

I’m (personally) producing about 1.2m annually. All me. 
Looking at possibly forming a team of multiple FAs in the next chapter, should I proceed.

The RIA route sounds like a lot of work at this time, thus my hesitancy. But would still consider it.

The RIA route is probably less work.  If you are mostly fee-based and fixed insurnace/annuities, you're crazy for not just going RIA.  
My posts are for abrasive entertainment only. Nothing posted is investment, legal, tax or any type of advice, nor is anything mentioned true or even based on real events. Posts are complete fiction.
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missionshooter View Drop Down
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Points: 5517 		Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 6:27pm
It's funny how someone that is clueless thinks, "Meh, that sounds like too much work... " and doesn't give something a 2nd thought. 

It's not like someone doing 1mm GDC couldnt pay someone like Wet a reasonable setup fee to LITERALLY DO EVERYTHING for them.  


"We probably have a 98% close rate." - Circlejerk 7-28-22
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CashFlow View Drop Down
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Points: 846 		Post Options Post Options   Thanks (1) Thanks(1)   Quote CashFlow Quote  Post ReplyReply Direct Link To This Post Posted: Aug/04/2022 at 6:46pm
Originally posted by missionshooter missionshooter wrote:

It's funny how someone that is clueless thinks, "Meh, that sounds like too much work... " and doesn't give something a 2nd thought. 

It's not like someone doing 1mm GDC couldnt pay someone like Wet a reasonable setup fee to LITERALLY DO EVERYTHING for them.  

I agree, but it is all a matter of perspective.  Coming from a captive world most want baby steps into independence.  They want all the fruits, but don't understand the extra it takes.  Depending on his production mix during his investigation journey he/she/it/they/them or whatever (Happy now Connie) will figure it out.  It really is eye opening the more you learn.
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The Dude View Drop Down
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Originally posted by missionshooter missionshooter wrote:

It's funny how someone that is clueless thinks, "Meh, that sounds like too much work... " and doesn't give something a 2nd thought. 

It's not like someone doing 1mm GDC couldnt pay someone like Wet a reasonable setup fee to LITERALLY DO EVERYTHING for them.  

Easy, Killer. As I said, I'd consider it. I'm in the 3rd inning of this research. 
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