What a pathetic attempt.  How is the reader suppose to know what to read, what to skip, where the smart person is talking and where your drivel picks up.

Sloppy work.  D-

For the record The Financial Planning Association is a third tier industry association--behind the Securities Industry Association, The Bond Dealers Association and a host of others.

The list of members of the FPA is NOT a list of Registered Investment Advisors, it is a list of the members of the FPA. It's a very exclusive assocation--they require that a potential member send in a check.

They have no regulatory authority in the industry at all.

Tell me, bankrep, are you able to write an understandable sentence that explains what you're tying to say regarding the relationship between the NASD and the brokerage community?

What are you trying to say with your disjointed comments about fiduciary duties, brokerage firms and junk? What's that all about?

[quote=bankrep1]

They have salespeople who go out and call on the target markets.  They also attempt to arrange relationships with independent financial planner types.  They may be called something like Smith and Wesson and operate out of the nicest office tower in town.

Fact is most are 1 or 2 man shops that got fed up with their hands being tied at a b/d or insurance company

[/quote]

Nope, as with everything else in that ridiculous response you took stupid responses from your earlier attempt and made them worse.

The guys you'll probably run into at a RIA are analyst types--they come from, and still are on, the side of the business known as "buy side."  They were possibly fund managers with a family of funds who got the itch to do it on their own and left to form their own shop.

They are not former brokers or insurance salesmen--which is called the "sell side" of the industry.

[quote=Big Easy Flood]

[quote=bankrep1]

They have salespeople who go out and call on the target markets.  They also attempt to arrange relationships with independent financial planner types.  They may be called something like Smith and Wesson and operate out of the nicest office tower in town.

Fact is most are 1 or 2 man shops that got fed up with their hands being tied at a b/d or insurance company

[/quote]

Nope, as with everything else in that ridiculous response you took stupid responses from your earlier attempt and made them worse.

The guys you'll probably run into at a RIA are analyst types--they come from, and still are on, the side of the business known as "buy side."  They were possibly fund managers with a family of funds who got the itch to do it on their own and left to form their own shop.

They are not former brokers or insurance salesmen--which is called the "sell side" of the industry.

[quote=Big Easy Flood]

[quote=bankrep1]

They have salespeople who go out and call on the target markets.  They also attempt to arrange relationships with independent financial planner types.  They may be called something like Smith and Wesson and operate out of the nicest office tower in town.

Fact is most are 1 or 2 man shops that got fed up with their hands being tied at a b/d or insurance company

[/quote]

Nope, as with everything else in that ridiculous response you took stupid responses from your earlier attempt and made them worse.

The guys you'll probably run into at a RIA are analyst types--they come from, and still are on, the side of the business known as "buy side."  They were possibly fund managers with a family of funds who got the itch to do it on their own and left to form their own shop.

They are not former brokers or insurance salesmen--which is called the "sell side" of the industry.

[/quote]

BEF, do you have any kind of statistical evidence to back up your claims?  Or is it purely anecdotal "from your wide experience"?

We're all entitled to our opinions, but none of us are entitled to our own "facts".

[quote=Philo Kvetch]

BEF, do you have any kind of statistical evidence to back up your claims?  Or is it purely anecdotal "from your wide experience"?

We're all entitled to our opinions, but none of us are entitled to our own "facts".

[/quote]

What have I said that is statistical in nature?

In almost every post regarding who is and isn't an RIA.

[quote=Philo Kvetch]

In almost every post regarding who is and isn't an RIA.

[/quote]

What would be a statistic that you think is wrong?

Are you going to admit you were wrong about being paid for their advice?

Did you read the article where it says a b/d does not have to act in your best interests or is there something you don't understand about that? 

Why would anyone invest in a fund with a 2.5% expense ratio and a front load if B/D's didn't sell some junk?  Think about it.

[quote=Big Easy Flood][quote=Philo Kvetch]

In almost every post regarding who is and isn't an RIA.

[/quote]

What would be a statistic that you think is wrong?

[/quote]

I didn't say right or wrong.  I'm simply asking what is the source of your facts.

Nope, I do not agree that a Fee Only Planner is the same as a Registered Financial Planner.  Just because it's on a website--even the SEC website--does not mean the person who wrote it knows what they're talking about.

What article are you talking about, and who says that a broker/dealer does not have to act in your best interest?

What fund has a 2.5% expense ratio and a front end load, and what broker dealer is selling it?

You have listed three things--in two of them you are referring to things with nothing to back up what you're saying.

That is exceptionally sloppy.  Your grade is F

[quote=Philo Kvetch]

I didn't say right or wrong.  I'm simply asking what is the source of your facts.

[/quote]

What have I said that can be supported with statistics?

your’e a moron.

[quote=bankrep1]your'e a moron.[/quote]

Not hardly.

[quote=Big Easy Flood]

[quote=Philo Kvetch]

I didn't say right or wrong.  I'm simply asking what is the source of your facts.

[/quote]

What have I said that can be supported with statistics?

[/quote]

That's the spirit!  If you can't answer, obfuscate!

Come on Bankboy,

Where is the article that says that broker/dealers do not have a fiduciary responsiblity?  Where did you come up with such a stupid idea?

And what about the 2.5% expense ratio and front end load story.  What fund are you talking about?  Is it possible that there is no such fund and that you fell for some idiotic sales pitch somewhere along the way?

If you're going to strut stuipidity like it was a badge of honor you should be capable of producing your "evidence."

How embarassed you must be. Like the song from Broadway's Ave Q goes, does it suck to be you?

[quote=Big Easy Flood]

[quote=bankrep1]your'e a moron.[/quote]

Not hardly.

[/quote]

If something is "not" hardly, that would make it likely.

[quote=Philo Kvetch][quote=Big Easy Flood]

[quote=Philo Kvetch]

I didn't say right or wrong.  I'm simply asking what is the source of your facts.

[/quote]

What have I said that can be supported with statistics?

[/quote]

That's the spirit!  If you can't answer, obfuscate!

[/quote]

Damn Philo, you ask me for stats to support what I am saying and all I'm doing is asking what I've said that can be substantiated by stats.

I've reread what I've said and not a single sentence is statistical in nature?

[quote=Starka][quote=Big Easy Flood]

[quote=bankrep1]your'e a moron.[/quote]

Not hardly.

[/quote]

If something is "not" hardly, that would make it likely.

[/quote]

Not in Texas.  How ya doing Straka, back from a sales call on an old woman who "bought" a variable annuity?  Or was it an oil and gas deal?

Then  you'd better take a course in reading comprehension.

Oh, and by the way..."?" is a question mark, and belongs at the end of a question.   You should have used a "." (called a period).

[quote=Philo Kvetch]

Then  you'd better take a course in reading comprehension.

Oh, and by the way..."?" is a question mark, and belongs at the end of a question.   You should have used a "." (called a period).

[/quote]

What did I say that was not a question that I ended in a question mark.  I make mistakes, but I've already made all that I will make in June.