Just talked to a big city broker and he said some interesting things:1. 'The retail end of this business has been wholesaled.2. This was a great business for 35 years. The past five years it's been shiite.3. Everybody in my office is doing fee based. I'm the only one running my own stuff. (But) I don't see the fee model as sustainable. You're paying 1.5 to the advisor, 1.5 for the funds.4. They just want you to gather assets now. Go out and pound the streets and bring in money. Problem is you can do that for three years, then you're going to burn out.5. Everything has been discounted.6. Twenty years ago, I was making 200k, my manager was making 200k and Joe Torre was making 200k. Now I'm making 200k, my manager is making a million and Joe Torre is making 10 million. You need to be in management. 7. When I started you could cold call. People picked up the phone and wanted to talk to you. Not anymore.8. You will not make it pounding the streets for Edward Jones. Look at wholesaling. Or go send your application to the FBI. The last one I didn't want to hear but it was a fun conversation.