Due Dilligence Trips

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Borker Boy's picture
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Joined: 2006-12-09

Do wirehouse and indy guys go on Due Dilligence trips?
I realize how naive the question sounds, but I've never heard anyone other than Jones folks mention them.

now_indy's picture
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Joined: 2006-07-28

Yes we do. When I've gone (about three times) while indy, there were advisors from many other firms. I would assume Jones would want the fund to have a "Jones only" due diligence trip, but I could be wrong.

Borker Boy's picture
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Joined: 2006-12-09

now_indy wrote:Yes we do. When I've gone (about three times) while indy, there were advisors from many other firms. I would assume Jones would want the fund to have a "Jones only" due diligence trip, but I could be wrong.
 
 
You are correct.

WestH's picture
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Joined: 2008-03-29

Yep, I get about 18 invites a yr, & go on about 6 of those a yr. 
This yr: to Boston, Phoenix, Chicago, San Fran, Orlando, Denver, & Los Angeles.
2 MF companies, 2 VA, 2 REIT's.
Those firms clears w/ our home office, then call/send out invites.
 
All of the meetings are w/ reps from other independent firms.  Never seen a wirehouse nor Jones rep there.
 

Borker Boy's picture
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Joined: 2006-12-09

We're only allowed to go on two a year.
 
I was under the assumption that was an industry regulation.

snaggletooth's picture
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Joined: 2007-07-13

I've done due dili's with fund companies.
 
Speaking of EDJ, I was at a mutual fund event where they brought in the fund manager and I remember the wholesaler in the invitation wrote, "There will be advisors from different firms.  Make sure you get approval if your firm requires this."  It was geared towards EDJ. 
 
Not only do they give you the kool-aid, but they grab you by the neck and force you to drink the punch bowl.  Forget about wandering over to the champagne at a different table.

jwcopper's picture
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Joined: 2008-05-13

Yes, get invited, rarely go.  MFD's, VA's, REIT's.  Being Indy and going to these is a lot of fun to talk shop and see how others view the world.

snaggletooth's picture
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Joined: 2007-07-13

Borker Boy wrote:We're only allowed to go on two a year.
 
I was under the assumption that was an industry regulation.
 
I'll bet there's a lot you're under the assumption of, but don't know what it's really like because you're at EDJ.
 
Case in point:  There are other fund families besides American Funds and Franklin Templeton...

troll's picture
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Joined: 2004-11-29

snaggletooth wrote:Borker Boy wrote:We're only allowed to go on two a year.
 
I was under the assumption that was an industry regulation.
 
I'll bet there's a lot you're under the assumption of, but don't know what it's really like because you're at EDJ.
 
Case in point:  There are other fund families besides American Funds and Franklin Templeton...
 
Six more to be exact.

Borker Boy's picture
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Joined: 2006-12-09

snaggletooth wrote:
 
I'll bet there's a lot you're under the assumption of, but don't know what it's really like because you're at EDJ.
 
Case in point:  There are other fund families besides American Funds and Franklin Templeton...
 
 
Actually, I'm seeing clearer with every passing day...

Dark Knight's picture
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Joined: 2008-01-30

VanKamp, LordA, Oppen, Harftford, Goldman, I'm trying to remember them all but can't remember a 6th?  I know they just dropped Putnam. 

Help me out someone.

henryhill's picture
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Joined: 2007-08-23

They were thinking of Putnam.  Your conscience is clear

jwcopper's picture
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Joined: 2008-05-13

Federated, you know, the one they have an onwership interest in.

Dark Knight's picture
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Joined: 2008-01-30

Nah, they dropped Federated a while back.

WestH's picture
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Joined: 2008-03-29

What???
No more due diligence meetings to Boston w/ Putnam?
No more pep talk by Dr Bob?

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