I used to come on here all the time. It got to be a bit monotonous, so now, after about 8 months, I'm back again...with a new and more exciting name :).
I am younger in the business...been in about 2 years now. I have almost $19,000,000 under mgmt. I work at Jones. I won't forever...when I can leave, I will. I am already doing more C-shares and looking at the crappy EJ managed acct program to start annuitizing the business.
I am thinking about the business and sometimes get discouraged at the "marathon" aspect of it. I would like to hear some real-life success stories...your stories. Like...mine (not a success yet) would read:
2 years in the business...monthly residual gross of $1,500. Last year did $165,000 gross. Net last year was $65,000. AUM=$19mil
I am most interested to hear about the residual business you have built and, with as much detail as possible, your ways of going about increasing that portion of your business. Also, for those truly independent now, what percentage payout do you get (before expenses and overhead is fine)?
I completely understand if you want to fudge your numbers a bit to maintain anonmymity, but if you have to skew them wildly, please don't bother post them as I am looking for realistic numbers in the business.
Thanks and have fun bragging -- and at the same time encouraging us younger brokers.