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Feb 10, 2006 9:10 pm

By the way EZ answer my question from bottom of page 1

Feb 11, 2006 3:20 am

[quote=bankrep1]

I have my CFP and will soon have his MSFS. 

I like the CFP more.

[/quote]

You MUST be kidding.  The CFP is basic financial services education...junior/senior year college level...at best.  The MSFS is a guaduate degree.

If you re referring to the MSFS from TAC...the CFP is not even on the same plateau...forget same level.

I have both the CFP and a Masters Degree...and a number of other degrees and designations...I "like" my motorcycle license the best...

Feb 11, 2006 6:26 am

blarmston, rightway, thank you for your posts.

Feb 11, 2006 1:05 pm

[quote=FinclPlngPro][quote=bankrep1]

I have my CFP and will soon have his MSFS. 

I like the CFP more.

[/quote]

You MUST be kidding.  The CFP is basic financial services education...junior/senior year college level...at best.  The MSFS is a guaduate degree.

If you re referring to the MSFS from TAC...the CFP is not even on the same plateau...forget same level.

I have both the CFP and a Masters Degree...and a number of other degrees and designations...I "like" my motorcycle license the best...

[/quote]

I don't know.  I did my masters while starting up in this business and I did not find it that challenging.  It was alot of group work and study at a pace I found comfortable.  The CFP, in contrast, was a pile of information in a short period of time...then tested on ALL of it.  I did the whole thing in about 9 months instead of the 2 year route, so maybe that had something to do with it, but I think it was pretty difficult. 

I did the CFA as well, and that was more difficult in terms of formula's and specific knowledge, but it was no where near as broad as the CFP was.  As for Grad school...it was easier than both, but more useful should I leave this business.

Ride on dude!
Feb 11, 2006 1:06 pm

O.k. here is my honst opinion. The cfp is still only a designation and in no way is it equal to actually attending classes at a graduate level for 2 years every day, and then defending a thesis. Keep in mind one needs an undergraduate degree to even get accepted into a masters program.

Up until this year anyone could have sat for the cfp designation if you had 3yrs in the biz including a high school dropout. Again, it is not even close to a masters degree. It's an online designation. That's all it is.

Also keep in mind the public doesn't even know what it is. If you're not dealing with 2 mill clients everyday you don't need it. Waste of time, and only a designation. It's also not even close to a CPA. It's a designation that high school graduates use to stroke themselves.

See ya............................

Feb 11, 2006 1:08 pm

"rightway isn’t indy he’s at a wire…think he’s involved in the management team at his branch in addition to production."



I run the POA program for a couple of offices as well as run a 4-rep team.  Joe- come join us, we are paying well!

Feb 11, 2006 3:37 pm

EZ,

I like the CFP because of what it stands for and where it's going.  One day it will distinguish a true professional from someone with a series 6, I agree that it does not have the recognition that it deserves today.  Hopefully one day soon it is widely accepted just like the CPA is, the problem is all these cracker jack designations, it's hard to distinguish what took real effort and what someone paid for.

Feb 11, 2006 4:12 pm

[quote=rightway]"rightway isn't indy he's at a wire...think he's involved in the management team at his branch in addition to production."

I run the POA program for a couple of offices as well as run a 4-rep team.  Joe- come join us, we are paying well!
[/quote]

Thanks my friend, but you can't possibly pay me as well as what I earn as an owner of my own business.  Too, perhaps more importantly, I really enjoy my freedom. ;-)

Feb 11, 2006 4:54 pm

Bankrep,

You're correct there are too many designation which seems to waterdown even the best of designations such as a cfp.  I will also add in my opinion that the cfp organization has really done a lousy job of marketing the designation to the public, hence very little awareness.

I would make the effort of getting one if I had prospects coming in everyday asking me if I had a cfp. The fact I don't. Until then I'll wait and see where this is all going and when I see it's a worthwhile venture I'll tak ethe time to sit for it. However; as it stands with what little marketing /public awareness I've seen for the cfp designation, I'll wait.

btw I have a 7 and 66.

Feb 11, 2006 6:06 pm

Cmon JoeDaMan… Rightway, you , and I could form a powerhouse team at Merrill and take over the brokerage world… Doing gross of 8-10MM a year while managing about 8 billion… Of course, we would have 15 staff to hold down the fort while we are off golfing and attending the finest nightclubs worldwide…

Feb 11, 2006 6:08 pm

[quote=blarmston]Cmon JoeDaMan.... Rightway, you , and I could form a powerhouse team at Merrill and take over the brokerage world.... Doing gross of 8-10MM a year while managing about 8 billion.... Of course, we would have 15 staff to hold down the fort while we are off golfing and attending the finest nightclubs worldwide.........[/quote]

lol...that sounds like a lot of fun! 

Feb 11, 2006 9:14 pm

[quote=joedabrkr]

[quote=blarmston]Cmon JoeDaMan… Rightway, you
, and I could form a powerhouse team at Merrill and take over the
brokerage world… Doing gross of 8-10MM a year while managing about 8
billion… Of course, we would have 15 staff to hold down the fort
while we are off golfing and attending the finest nightclubs
worldwide…[/quote]

lol...that sounds like a lot of fun! 

[/quote]

"Attending"??  No we will partner with Joe and "Own" the nightclubs.  One, of course, will be a Gentlemens Club so we can have the very best Caddys for our annual Golf Outing.  Ahhhh I can see it in lights:

BlarmyJoeWay's Nightclub  COme tonight for the finest Portfolio Review...
Feb 11, 2006 9:43 pm

[quote=rightway] [quote=joedabrkr]

[quote=blarmston]Cmon JoeDaMan.... Rightway, you , and I could form a powerhouse team at Merrill and take over the brokerage world.... Doing gross of 8-10MM a year while managing about 8 billion.... Of course, we would have 15 staff to hold down the fort while we are off golfing and attending the finest nightclubs worldwide.........[/quote]

lol...that sounds like a lot of fun! 

[/quote]

"Attending"??  No we will partner with Joe and "Own" the nightclubs.  One, of course, will be a Gentlemens Club so we can have the very best Caddys for our annual Golf Outing.  Ahhhh I can see it in lights:

BlarmyJoeWay's Nightclub  COme tonight for the finest Portfolio Review...
[/quote]

lol...I like the way you guys think.

you know as an interim step you can always become a shareholder in RICK.  I have a copy of the prospectus from their IPO.  Pretty darn funny!

Feb 12, 2006 12:21 am

Love it when a plan comes together… Now I’m off to the bar (located next to the beach and its 68 and sunny in SD today) to watch my beloved UCONN Huskies move one step closer to cutting down nets in April…  Cheers.

Feb 12, 2006 2:28 am

[quote=blarmston]Love it when a plan comes together… Now I’m off to
the bar (located next to the beach and its 68 and sunny in SD today) to
watch my beloved UCONN Huskies move one step closer to cutting down
nets in April…  Cheers.[/quote



I love this business.  Blarmy is a Rookie probably making more
money than 99% of his Buds from college…yet he is just beginning and
so far from saisfied its not even funny.  Joe is making far too
much and loving his independence to the point where he is turning down
the weekly 7 digit offers he gets form the wires. 



We all have diferent ways of getting it done, but in the end, those
that are real good offer a great and noble service to the public and
are rewarded for it with a great lifestyle that will last.  If
that is not a reason for highly ethical and motivated people to get in
this business I don’t know what is. 

Feb 12, 2006 6:29 pm

[quote=rightway][quote=blarmston]Love it when a plan comes together... Now I'm off to the bar (located next to the beach and its 68 and sunny in SD today) to watch my beloved UCONN Huskies move one step closer to cutting down nets in April....  Cheers.[/quote

I love this business.  Blarmy is a Rookie probably making more money than 99% of his Buds from college...yet he is just beginning and so far from saisfied its not even funny.  Joe is making far too much and loving his independence to the point where he is turning down the weekly 7 digit offers he gets form the wires. 

We all have diferent ways of getting it done, but in the end, those that are real good offer a great and noble service to the public and are rewarded for it with a great lifestyle that will last.  If that is not a reason for highly ethical and motivated people to get in this business I don't know what is. 
[/quote]

rofl @ "making far too much" and "7-digit offers".  then again, honestly I AM happy enough that I WOULD likely turn down offers.  Not meaning that to gloat, each flavor of the biz has it's advantages.  Just that I've found my niche and am very happy.

Yep Righty you sorta hit the nail on the head!

Feb 12, 2006 7:00 pm

Joe,

What was the aum that you took with you indy?

Feb 13, 2006 7:39 am

[quote=ezmoney]

Joe,

What was the aum that you took with you indy?

[/quote]

About 12.5 out of 24 so far with more coming...and lots of new referrals too!

But understand that 5 weeks after I left my firm I also moved half-way across the country.  Too, I did all my admin work myself because I knew I was moving.  So my story is hardly typical.

Feb 13, 2006 7:40 am

Hey blarm...here's where we should have our first partnership meeting!

http://registeredrep.com/news/Publicly_Traded_Strip_Club_to_ Wall_Street/

Feb 13, 2006 3:26 pm

Haha… I like that… Lets get moving on setting that up…