Putz, you even have Nancy beat when it comes to the worst disguised troll. You’re a liar to boot. Name one other forum where I have even 100 posts, much less thousands.



I’m well satisfied with what I’m making and enjoy participating here as a diversion. You attacking a lighthearted post doesn’t change that.



Try again.

LPL has been adding home office staff, acquiring firms, providing services to other b/d’s (through clearing services), and recruiting reps on a grand scale.  Their growth is not all smoke and mirrors. 

BPD,

Again, you are proving my point.  You are always arguing and viewing things from the view of the big brother.  That is 180 from the view point of the indy business owner.  I rely on my business, my office staff, and myself to manage my client relationship; from start to finish, from when they walk in the door and beyond - not my broker dealer, it is me.  I own it, I control it - my client surveys rank me the tops in customer service, I even lead in HNW clients; they even claim I have the best technology! 

What you are trying to argue here is comical.  LPL has a few thousand "part timers" and maybe some of them are poor producing advisors.  You know what, doesn't affect me.  No other indy firm puts the money they do into their technology, their infrastructure and support like LPL does which allows me locally to serve my clients like I never could at Jones.  LPL also has the highest profit margin of any other independent firm as well as a few of the wirehouses; even with all those less than 100k producers.  And talking about calling the kettle black....Jones is all smoke and mirrors  from the ponzi scheme set up to the limit on product to the idea of being your own business and the pay to play arrangements...look in the mirror, if you ever do get away from teaching new IRs and actually get into production, you may some day see the light too.

[quote=ezmoney]

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.



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.[/quote]





So you don’t have an assistant? Who answers the phone

when you are on the phone or with someone? Who answers

the phone when you’re on vacation? Sounds like you’re

running a first class operation there!!!



What a joke.

you’re a joke

Those are very good questions.  If you're a "financial advisor" shouldn't your clients at least get the impression that you're big-time enough to have somebody to help you.

I can't imagine entrusting my money to a guy who rented a former storage room at a dry cleaners as his office, used a computer as his answering machine and I had to ALWAYS leave a message in hopes that he'd call me back.

I know, I know--I should be investing for the long haul and having instant access to my "advisor" is not really that big a deal because all the "advisor" really is is a middle man who has positioned himself in such a way that he really has no duties--well, other than to siphon off 125 basis points every year for agreeing to allot me a few minutes a year to go over a computer printout that I could read on my own.

sounds like putsy has changed his name again. Btw I don't think having an assistant means one has hit the big time or is any better an FA than one who doesn't employ an assistant.

Ever heard of call fowarding dim wits? I never miss a call. My clients like the fact that when they call, I always answer, not some hair brained assistant who has to put down her nail file to answer the phone.

[quote]

Ever heard of call fowarding dim wits? I never miss a call. My clients like the fact that when they call, I always answer, not some hair brained assistant who has to put down her nail file to answer the phone.

[/quote]

The secret is to hire an assistant who is not "hair brained."  Of course it's tough on the ego when your assistant is smarter than you are.

[quote=ezmoney]

I don’t think having an assistant means one has hit the big time or is any better an FA than one who doesn’t employ an assistant.

Ever heard of call fowarding dim wits? I never miss a call. My clients like the fact that when they call, I always answer, not some hair brained assistant who has to put down her nail file to answer the phone.

[quote]

So let me get this right, you don't believe in having an assistant? So not having an assistant is better than having an assistant?

[/quote]

He's got call forwarding--you can't expect him to have everything.  He's saving up for a stapler and his wife will give him a set of in and out baskets for his desk at Christmas.

And Putsy gets banned for the 47th time.

Think as smart as he claims to be he'd get the hint, huh?