[quote=joedabrkr]If you must pursue small accounts, pick one or two
series of asset allocation funds and stick with them as much as
possible.  I personally prefer MFS, Accessor(accessor.com) or
Oppenheimer, myself.

Keep your book simple and streamlined so you don’t have to follow too many different things.

[/quote]



Bingo! Unless you are getting paid an advisory fee don’t actively
manage money. You cannot keep track of so many things, especially for
small accounts.



If your platform has target date funds I like the American Century
Livestrong funds b/c of the nice Lance Armstrong angle. Combine that
with a TIPS fund, and you are all set for most clients.

I am amused by all the talk about the 5K CD account. Granted that is not an account that you want to build your marketing strategy around. When you are building your business you have to build your assets. Personally I prefer dollars that roll in month after month so I look at business retirement plans for businesses that are less than 25 employees and systematic investments for individuals. Too many advisors live by the rollover and die by the rollover. What better client can you have than a 30 ish couple that puts away 2000 per month? Duplicate that for about 100 of those and your business will be looking great when you throw in an occasional large rollover.

How many 30ish couples put away 2000 per month in addition to their

401k? Or are you talking about the money they are putting into that?

[quote=noggin]I am amused by all the talk about the 5K CD account. Granted that is not an account that you want to build your marketing strategy around. When you are building your business you have to build your assets. Personally I prefer dollars that roll in month after month so I look at business retirement plans for businesses that are less than 25 employees and systematic investments for individuals. Too many advisors live by the rollover and die by the rollover. What better client can you have than a 30 ish couple that puts away 2000 per month? Duplicate that for about 100 of those and your business will be looking great when you throw in an occasional large rollover.[/quote]

are you in IRD?

[quote=Broker24]How many 30ish couples put away 2000 per month in addition to their
401k? Or are you talking about the money they are putting into that?[/quote]

If you look at a 30ish couple who fully funds their Roth accounts, that is 8K per year. If those couples are serious about becoming financially independent they will want to be adding at least 20% of their income away yearly. If the couple is only making 100K to 120K then they should put away that kind of money to be independent at 50-60 years old. Obviously not everyone can do that but shouldn't we as advisors try to elevate our client's lifestyles?

EDJones654- No I am not in IRD.

[quote=noggin]

[quote=Broker24]How many 30ish couples put away 2000 per month in addition to their 401k? Or are you talking about the money they are putting into that?[/quote]

If you look at a 30ish couple who fully funds their Roth accounts, that is 8K per year. If those couples are serious about becoming financially independent they will want to be adding at least 20% of their income away yearly. If the couple is only making 100K to 120K then they should put away that kind of money to be independent at 50-60 years old. Obviously not everyone can do that but shouldn’t we as advisors try to elevate our client’s lifestyles?

EDJones654- No I am not in IRD.