[quote=iceco1d]Just a guess, but at 1% (or whatever they are going to charge), 100K is probably the minimum they see as worthwhile of resources in the short & mid term. 

  They probably don't want reps wrapping $50/mo DCAers, and then having to waste more time with annual contact, documentation, etc.  Nor do they want fiduciary liability for a $10K account.   Again, not at Jones, just a guess.  [/quote]   Sounds reasonable.  And chances are, someone with less than 100K doesn't need "advisory" services.  They are either too young, and still just accumulating, or are retired and don't have any money.  Either way, it's not much to "advise" on.

[quote=Broker24][quote=iceco1d]Just a guess, but at 1% (or whatever they are going to charge), 100K is probably the minimum they see as worthwhile of resources in the short & mid term. 

  They probably don't want reps wrapping $50/mo DCAers, and then having to waste more time with annual contact, documentation, etc.  Nor do they want fiduciary liability for a $10K account.   Again, not at Jones, just a guess.  [/quote]   Sounds reasonable.  And chances are, someone with less than 100K doesn't need "advisory" services.  They are either too young, and still just accumulating, or are retired and don't have any money.  Either way, it's not much to "advise" on.[/quote]   Makes sense except for the clients who will be over 100k within a reasonable period of time but their first investment is below that level.  What course of action would you suggest if they like the fee based model?   2 Examples: Client has old 401k you roll over that's <100k. 401k balance at current job >100k.   Client has 25k Cd you invest.  Has >100k worth of Cd's coming due in near future.   

I would first make a call to find out if either one would be let in on an exception to the rule status.  If yes, then I would tell them about it and let them decide.  If no, they don't need to know we have the program available since they don't qualify for it.  If they do at some point in the future we can talk about how to go about getting money into it.    I don't think there is going to be an ad in the newspaper about it, so most clients won't know about it until we tell them.  So, you as the FA have to know which clients to discuss it with and which ones don't need to hear about it.