[quote=BigPayDay]"Mighty"one,



You want to know the definition of pathetic?



How about 45% of your sales force grossing less than $100,000. That’s pathetic. Your numbers not mine. I suppose this is not the truth. The growth at LPL is smoke and mirrors I tell you.



You want to know another definition of pathetic?



Over 2100 posts on this board. Yeah it’s 2-3 times a day if you have been on EVERY day since May '05. Oh yeah that’s right, you have been. What are you giving up by spending all this time on here?



Thanks for sharing the '06 data with us. Make sure and post the '07 data as soon as it is out. [/quote]

You had to go there, didn’t you?

You want to know the REAL definition of pathetic?  The hypothetical LPL rep grossing $100,000 has more money net in their pocket to feed their family than a rep at Jones doing $200,000…I’d bet my last dollar on it.

You want to know what’s pathetic a$$hole? It’s tolerating a 35-40% payout. I’ll take a gross of 100k at 90% payout anyday. Math, can make so much sense!

[quote]

You want to know what's pathetic a$$hole? It's tolerating a 35-40% payout. I'll take a gross of 100k at 90% payout anyday. Math, can make so much sense!

[/quote]

When you're only doing $100,000 in 2007 it means you have virtually no clients.

You're the death or defection of one or two clients away from oblivion.

As has been said, LPL is God's waiting room for failed brokers.  The last stop on the way out the door.  90% of the LPL brokers failed again and again and there is no reason to think that it will stop just because they can "feed their family" on 90% of what they're doing.

Let's look at numbers for a moment.

100 grand at a 40% payout yields 40,000 before taxes--about 30 grand to feed the wife and kids.

At LPL 100 grand will yield about 85 to 90, let's give the benefit of the doubt and say 90 grand.

Then start to subtract the costs--ticket charges, E&O insurance, retirement plan contributions, office supplies, phone bills.......need I go on?

I know, I know--you can save a lot of money by having the office in the back seat of your car.  Your cell phone can be your business line, and Kinkos is a great place to get things copied and faxed.

Customers don't care what your office looks like, blah, blah, blah.

Customers don't care what your office looks like when the market is going up--but when they're losing money they begin to wonder if their mistake is doing business with the guy who never wears a suit and rents space from the local plumber for an office.

90k vs. 40k. Let's see, which would I rather make???? My expenses including a very nice office and all the things you mentioned, perhaps 25k.

btw, retirement comes out of your 40k also if you can afford it. I know I can to the tune of about 3k/mth

What's the turnover on "brokers" at Jones anyway?  How long they been hovering arond the same number of total reps? 

2005 numbers????  And yes, LPL does use total licensed affiliated people in those numbers which does include CPAs, Reg. Sales Assts, etc.,  Curse them for having such a mixed platform that facilitates that v the bullshit A share only platform the "best salesforce" allows.  Lady's Choice aka BPD - keep your head buried in that sand, I will take a platform where I can manage my own expenses and margins any day over that joke platform you work in!!!!!!

[quote]

90k vs. 40k. Let's see, which would I rather make???? My expenses including a very nice office and all the things you mentioned, perhaps 25k.

btw, retirement comes out of your 40k also if you can afford it. I know I can to the tune of about 3k/mth

[/quote]

Yep, 25 grand can pay rent on a really great office and buy loads of supplies, phone bills, utilities, health insurance premiums, liability insurance, client entertainment and on and on.

If your top three clients left you would you be able to cover your fixed overhead?

1st of all youre’ assuming I produce 100k. hell my fee based and trails alone pay me 120k. I think it would take a jones broker @ 25bps about 30 years to build those trails to my level. It’s taken me about 3 yrs. btw I was a successful ir with jones so you’re not pulling any wool over my eyes. The jones ir’s that stay are quite simply simpletons.

[quote]

1st of all youre' assuming I produce 100k.

[/quote]

Not at all, what I commented on was how nice your digs must be when you spend--by your own admission--$25 grand on rent and all the associated costs of running your own shop.

If you've got $120 grand in trails why in the world don't you have a nicer office and an assistant?

I said 25k for all expenses including rent. I don’t need an assistant. 1st of all I’m not running a high volume shop, 2nd, the tecnology is such that at this point I can more than manage. I’m not a jones office with all kinds of cash management issues coming from nichol and dime clients. My clients rarely have requests for cash or anything else for that matter.

Does Nicol have a sister?

Wait, it’s not Nicol, it’s nichol.  How about her, does she have a sister?

Bye, bye, Putsy, goodbye.

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partycrasher

...the labels get funnier everytime ol' Putz gets the boot...

[quote=csmelnix]

What’s the turnover on “brokers” at Jones anyway? How long they been hovering arond the same number of total reps?

2005 numbers??? And yes, LPL does use total licensed affiliated people in those numbers which does include CPAs, Reg. Sales Assts, etc., Curse them for having such a mixed platform that facilitates that v the bullshit A share only platform the “best salesforce” allows. Lady’s Choice aka BPD - keep your head buried in that sand, I will take a platform where I can manage my own expenses and margins any day over that joke platform you work in!!!

who really cares. jones is a joke.

The past 25 yrs; do we really want to compare there?  Year over from what year....

Super on the licensed BOA argument....do any of your offices have CPAs in house with attorneys and financial planners.....do any of you jokes really know what a financial plan is?

BPD, you been away from this board for a good year or so after trying to spew some BS about LPL and Jones; now you come back with some more BS.  Do you spend sleepless nights thinking of ways to counter LPL's ability to attract Jones IRs?  Just worry yourself about your next training class instead of LPL would you.  We are just a bunch of business owners trying to make a living and do what's best for our clients.  We don't care about number of reps, avg gross per rep, growth of b/d; we care about what is happening with our own firms locally, how am I best servicing my clients, improving my business process, improving my skill set, being more efficient and how the b/d I affiliate with facilitates that.  Now, if you really want to argue on this stuff and how LPL compares to Jones...we can go all day long son; but honestly, you will just show your ignorance of the business.

csmelnix,



Oh you want to change the conversation from under-performing reps at LPL to customer service? Be happy too.



Try this link:



http://bwnt.businessweek.com/interactive_reports/customer_sa tisfaction/index.asp



Or this one:





http://biz.yahoo.com/iw/070417/0238497.html

…sounds like the reps are sharing the Kool-Aid with the clients…

Could it be that a firm that is so highly ranked by both its employees and its customers is in fact a superb firm?

Maybe this forum attracts nothing but losers who whine?  Maybe the winners are too busy to waste their time on half a dozen message boards every day.

You've posted over 2,100 messages on this board, and thousands more on the others.

Could that be why your production, after being in the business for years and years, is not quite up to first year goals of those who succeed?

Is that even possible?

[quote=Quincy Teacher]

You’ve posted over 2,100 messages on this board, and thousands more on the others.

Could that be why your production, after being in the business for years and years, is not quite up to first year goals of those who succeed?

Is that even possible?