[quote=footsoldier]

I predict a blanket breakpoint using preferrds.

One of the major benefits of a fee based account is the elimination of conflicts.  The GP's at Jones will never give up their conflicts of interest.

As for a  blanket break point schedule for all the pref fund families, the funds would never go for it.  The great thing about the Jones system for fund companies is that one great fund in a family will drive sales of other mediocre or even poorly performing funds.  Federated has Kaufman and Hartford has Cap App.  How much Hartford Dividend and Growth and Federated American Leaders have been sold by IR's to reach breakpoints for clients.  Take that benefit away from the fund companies and their willingness to share revenue decreases rapidly.  Without revenue sharing Jones is dead.  There will never be a blanket breakpoint or fee based accounts at Jones for that reason alone.

[quote=Guest1]If lying is priceless, than Spiked has it for his Hooters comments and why he "left" Jones. Honesty here Spike? Talk to your attorney lately?[/quote]

Guest1(Holder): I'm glad you asked, I have talked to my attorney and she says I have a great case against the mothership for the slanderous remarks that some of the GP's (like yourself) and others have spread to my former clients, the newbies in the region, and people I used to consider friends.  

Care to make any more comments?  I'll add them to the database of files I have ready to go to court.

Wow-

You mean to say that spiked has outed a GP. I wonder if the dialogue will continue. What say you Guest1?

How's the revenues. Are we sharing enough? Nah, we should be thanking our lucky stars to have people like you guiding us through the malaise of products, lying all the way to the friggin bank.

[quote=exdrone]

One of the major benefits of a fee based account is the elimination of conflicts.  The GP's at Jones will never give up their conflicts of interest.

As for a  blanket break point schedule for all the pref fund families, the funds would never go for it.  The great thing about the Jones system for fund companies is that one great fund in a family will drive sales of other mediocre or even poorly performing funds.  Federated has Kaufman and Hartford has Cap App.  How much Hartford Dividend and Growth and Federated American Leaders have been sold by IR's to reach breakpoints for clients.  Take that benefit away from the fund companies and their willingness to share revenue decreases rapidly.  Without revenue sharing Jones is dead.  There will never be a blanket breakpoint or fee based accounts at Jones for that reason alone.

[/quote]

Exdrone--

I disagree with your presumption that the preferred fund families would not go along with a combined or "blanket" breakpoint.  The only company that wouldn't want to play is American.  They are getting 70% of all current fund flows.  I think the other 7 preferred could all increase their share of the pie by working together to unseat American's stranglehold on Jones.  I predict (there I go again) that you will see just such an arrangement (minus American Funds) in the next 18-24 months.

G1…I think you picked the wrong fight, jeep.  Now that you’ve been outed, you might want to go away for awhile…

[quote=Soothsayer][quote=exdrone]

One of the major benefits of a fee based account is the elimination of conflicts.  The GP's at Jones will never give up their conflicts of interest.

As for a  blanket break point schedule for all the pref fund families, the funds would never go for it.  The great thing about the Jones system for fund companies is that one great fund in a family will drive sales of other mediocre or even poorly performing funds.  Federated has Kaufman and Hartford has Cap App.  How much Hartford Dividend and Growth and Federated American Leaders have been sold by IR's to reach breakpoints for clients.  Take that benefit away from the fund companies and their willingness to share revenue decreases rapidly.  Without revenue sharing Jones is dead.  There will never be a blanket breakpoint or fee based accounts at Jones for that reason alone.

[/quote]

Exdrone--

I disagree with your presumption that the preferred fund families would not go along with a combined or "blanket" breakpoint.  The only company that wouldn't want to play is American.  They are getting 70% of all current fund flows.  I think the other 7 preferred could all increase their share of the pie by working together to unseat American's stranglehold on Jones.  I predict (there I go again) that you will see just such an arrangement (minus American Funds) in the next 18-24 months.

[/quote]

American is not getting 70% of the flows currently..

I believe the number is between 64 and 70%.  If that is not correct, why not tell us what you think the correct number is.  Would you agree that it is greater than 50%?  That would mean that American gets more flows than the other 7 combined.  Now, don’t you think the other seven would be interested in banding together to put a dent in American’s disproportionate control of the “Greatest Sales Force in the World”? 

OK - It’s getting REALLY interesting around here… Guest1, you there?

I don’t miss the Kool Aid, or bending over for the GP’s to get their jollies at my expense…Guest1 still loves Kool Aid and bending over (really loves this part), he really longs for Doug “3 Mil” Hill’s inspirational talks…  Who doesn’t miss that 'BS"?

Is it time to open up another postion in Retirmement Plan Marketing for Guest1?  How much marketing could 4 GPs manage to not get done while playing "hangers-on"?

Great Point Sooth- that causes me to wonder. Knowing how many really worthless GP's there are, what the hell is written in their contract to make them unfireable?

When a GP screws up, they just create a position to put them that keeps them out of the limelight. Of course, if it happens to be a RL/GP then they send to "Anger Management" classes or "Tolerance Classes" etc. and then announce their coming out successful at Regional Meetings.

The only way I can see Jones having a blanket breakpoint schedule is if they cook up some cookie cutter asset allocation portfolios ala WM funds.  They will tack on some kind of "platform" fee to make up for losses in rev sharing that will undoubtedly occur.  There is no way Federated, Van Kampen, and Lord Abbett will continue to pay to play if they cant count on Jones clones to force feed their crappy funds forgotten by the rest of the industry. 

I mean where would we be without the Van Kampen Enterprise Fund, or the Lord Abbett Large Cap Growth Fund or the Federated Equity Income fund.  Those are core holdings if I ever saw 'em folks...hold their own in any portfolio...yea right!

I can see it now.  The fee Jones will charge clients for these asset allocation portfolios will not go directly to the IR but to the branch P&L so the GP's can line their pockets and the guru who came up with the plan will succeed Weddle as 'Da Firms managing partner.

Guest1 feel free to take my idea and run back to the home office with it.  PM me a thank you when they send out your picture as the prize for a summer sales contest.

"Greatest Sales Force in the World"? 

Do they really claim that???? Is that tagline shouted at every regional meeting or something????

HILARIOUS.

If you could imagine Elmer Fudd talking like Richard Nixon you would paint a fairly realistic pi'cutre of the former managing partner who coined the phrase.

The new guy's tag line is "Now let's go to work." Excuse me Mr. Weddle but what the hell do you think we are doing when we aren't watching lame videos from you once a quarter.

By the way LP is still coming. More details to follow in upcoming episodes. Fast forward to the next video.

 "Well the regulators still haven't given us any further direction (on revenue sharing changes or elimination) so I guess we will just have to pay those that qualified (still don't know the bogey) income on something they haven't paid for. Pretty good IRR isn't it. Oh yeah the software to calculate IRR is coming soon (actually should be installed by the next quarterly video) so tune in next time. Should be exciting.

As Elmer would say "Ooh"

[quote=Soothsayer]I believe the number is between 64 and 70%.  If that is not correct, why not tell us what you think the correct number is.  Would you agree that it is greater than 50%?  That would mean that American gets more flows than the other 7 combined.  Now, don't you think the other seven would be interested in banding together to put a dent in American's disproportionate control of the "Greatest Sales Force in the World"? [/quote]

Sooth- That may have been true before FT was added.

I didn’t say the other six.  I said the other seven.  Even with FT, American is still getting more than 50%.  Do you want to call me a liar?

[quote=Soothsayer]I didn't say the other six.  I said the other seven.  Even with FT, American is still getting more than 50%.  Do you want to call me a liar?[/quote]

I have no desire to do that, Sooth. You know I respect your input.