[quote=joedabrkr]

[quote=nestegg]
I looked at Indy 2 years ago, after ticket charges, Monthly Computer expense, Reuters etc etc, phone, internet, Lease, Health Insurance, E&O ins etc…it just didnt work out to be worth the hassle for me…I looked at 6 months of production at AGE and what my real payout would be after all expenses I can honestly say it didnt work out to more than a couple of % points, and that before including my bonus, 401k and profit sharing…if I had included that indy would have come in 2nd by a long shot. I was looking at doing Indy right and having a staffed office w an Asst/receptionist, and a place that looked somewhat professional. I am sure I could get a hole in teh wall exec suite and no asst and come out on top…but why take one step forward and two steps back. My business is some fee based but also alot of transactional…Individual Mutual funds, Stock, Syndicate, options, bonds…and alot of it is smaller tickets where when you figure out your payout after ticket charges you make less than at a wire…I did all the math. I can see Indy working if you do a bunch of Annuities or are all fee based, but if you have a broad product mix and lots of transactions it doesnt really add up…I havent even added in teh cost to market…seminars, mailings etc, or all the other headaches…I would want at least to keep my % to be 65-75% before taxes after expenses to be worth it…but it doesnt work that way at least in my situation…when I am avg 42-45%+ before you factor in an asst, mailings office space I dotn pay for, health ins that costs 60 bucks a month etc etc…it doesnt add up…by the time you add in profit sharing, 401k and bonus that is well over 50% before tax without any hassles or headaches. For me to make the same and have the headaches isnt worth it. It may be to some…and depending on your biz mix and where you are in the country as far as office costs and employee costs go…some places like CA, Fla and NYC are very expensive for those things, vs Idaho or somewhere. Anyway…dont try to insult my math skills I did it and after looking at two of the larger firms and discussing it w/ colleagues that are indy it didnt work out for me…I wanted to keep more of what I make. Now if that changes…I may change but for now it works.
[/quote]

If I can’t insult your math skills can I make fun of your bad grammar, punctuation, inability to use apostrophes (it is this little thing--  ’  ), or spell the worth “the” correctly?
[/quote]
Last I checked this was an internet forum, not a business or grammar class! If you would like me to pick everyone’s writing style on this forum…dont get me started.  Big man!..sorry this is a forum and I type faster than the computer! Actually grammar and writing is my forte’…back in college I actually had so many credits from HS AP classes, and high scores on my SAT’s in English that I didn’t even have to take any most English  classes…if fact I actually tought some…so good one tough guy!

I am just giving you my opinion and after a complete analysis it didnt work out for me.  After looking into it and doing the real math after talking with people in the industry that are friends of mine, and are independent I simply would have made less money! That is the true story. I am not faulting anyone for doing it, if it works for you, more power to you! It just does not for me at this point, maybe it will some day, but not now. I could do it half assed and make more money, but what purpose would that serve? My issue is you guys make it sound like it is the best thing since sliced bread for everyone and that is simply false. So I was poking fun at the fact that even if you are independent, no matter what you may think you are still at the mercy of your B/D.  If they go down so does your business. That is all.

[quote=nestegg]
So I was poking fun at the fact that even if you are independent, no matter what you may think you are still at the mercy of your B/D.  If they go down so does your business. That is all. [/quote]

That is only true if your definition of independence is affiliating with an independent b/d.  The indy b/d’s have done a great job in coopting that term so the confusion is understandable.

Full independence would be operating as an RIA with no b/d affiliation whatsoever.  In that case, you most certainly are not at the mercy of any b/d.

“Actually grammar and writing is my forte’…back in college I actually had so many credits from HS AP classes, and high scores on my SAT’s in English that I didn’t even have to take any most English  classes…if fact I actually tought some…so good one tough guy!”

…now I’M a laughing boy…

[quote=Philo Kvetch]“Actually grammar and writing is my forte’…back in college I actually had so many credits from HS AP classes, and high scores on my SAT’s in English that I didn’t even have to take any most English  classes…if fact I actually tought some…so good one tough guy!”

Actually, Philo is incorrect.  You have to break down the sentance to understand why.  So, here we go. 

[quote=Spaceman Spiff]Actually, Philo is incorrect.  You have to break down the sentance to understand why.  So, here we go. 

…can we fight this out in a library somewhere!!!

Then he should also have used the plural of forte.  I'm not sure what that is, so this is as far as I go.  Isn't it a shame when we don't have enough to keep us busy.

[quote=Spaceman Spiff]

Then he should also have used the plural of forte.  I’m not sure what that is, so this is as far as I go.  Isn’t it a shame when we don’t have enough to keep us busy.

Got a nice letter from Bill Dwyer in my mailbox just now…I’m reading between the lines, but it sounds like someone got fired again…

I was getting ready this morning to poke fun at you guys for having your system down again.  But, since I couldn’t use my system to it’s full capacity, I didn’t feel it was a fair shot to take.  Isn’t tech great?

You guys crack me up…lol…good job picking up the little spelling snafus I included! Sarchasm is apparently lost on you guys I guess.  So did LPL finally get it together? Could you place trades today lol. I really just wanted to see how anal retentive all you Indy’s were, and I guess I found out lol!
As I have said I have no problem how anyone chooses to run their own business. In this case the shoe was on the other foot so I am just feeding you all some of your own cooking.

I guess we need to all be RIA’s…apparently that is the new “best” thing, anything less and we are all just idiots lol!  You all certainly provide me with comic relief trying to prove how much better you are all than the next guy…I havent dealt with people like this since Kindegarten…well maybe not even there lol. I think a shrink would have a field day with alot of you guys!

And as far as “teh” goes…let me enlighten all of you to “teh” 21st century world…

Along with pwn, teh is a standard feature of leetspeak.<sup id="_ref-Tavosanis_0" =“reference”>[3] Originating from the common typo, it has become conventionalized in a variety of contexts. It is often used ironically,<sup id="_ref-Blashki_0" =“reference”>[4] and can be used to mock someone’s lack of techie knowledge or skills, as an insult, or to reinforce a group’s elitism.
 
“As slang, grammatical usage of the word teh is somewhat fluid. Besides being an alternate spelling of the, teh also has grammatical properties not generally applied to the;
in general, it is used somewhat like an intensified “the”. The spelling
derived from a typographical mistake seen as the symptom of excitement,
much the same as the interjection of the numeral one between
exclamation marks. It can be used with proper names, as in “teh John”;
compare the usage of the definite article in Greek: ο Ιωαννης (o
Ioannes), literally “the John”.”

The vet that I used to work with actually researched LPL, Commonwealth, and RJ when he left AGE to come to Jones. He said that based on how he did business, with all the ticket charges, cost of office and assistant, all the stuff he would have to do, it didn’t work out much in his favor. He is also a salesman. He is not one to run everything. He would need a very good assistant doing everything for him. He says he has never regretted it for a minute. His payout averages about 55% after everything ( including health insurance, expenses, etc, but not including trips or LP). For him, not having to do anything (hiring/firing/training/systems/office/furniture, etc.) was the #1 factor. He said he would take a lower payout than he currently gets at Jones to continue not having to do anything. He nets, after all expenses and everything, around 200K, and he is perfectly satisfied with that.

[quote=nestegg]You guys crack me up…lol…good job picking up the little spelling snafus I included! Sarchasm is apparently lost on you guys I guess.  So did LPL finally get it together? Could you place trades today lol. I really just wanted to see how anal retentive all you Indy’s were, and I guess I found out lol!
As I have said I have no problem how anyone chooses to run their own business. In this case the shoe was on the other foot so I am just feeding you all some of your own cooking.

I guess we need to all be RIA’s…apparently that is the new “best” thing, anything less and we are all just idiots lol!  You all certainly provide me with comic relief trying to prove how much better you are all than the next guy…I havent dealt with people like this since Kindegarten…well maybe not even there lol. I think a shrink would have a field day with alot of you guys!

And as far as “teh” goes…let me enlighten all of you to “teh” 21st century world…

Along with pwn, teh is a standard feature of leetspeak.[3] Originating from the common typo, it has become conventionalized in a variety of contexts. It is often used ironically,[4] and can be used to mock someone’s lack of techie knowledge or skills, as an insult, or to reinforce a group’s elitism.
 
“As slang, grammatical usage of the word teh is somewhat fluid. Besides being an alternate spelling of the, teh also has grammatical properties not generally applied to the;
in general, it is used somewhat like an intensified “the”. The spelling
derived from a typographical mistake seen as the symptom of excitement,
much the same as the interjection of the numeral one between
exclamation marks. It can be used with proper names, as in “teh John”;
compare the usage of the definite article in Greek: ο Ιωαννης (o
Ioannes), literally “the John”.”
[/quote]

It’s spelled SARCASM you self righteous smartass…and the outage on Friday lasted about 30 minutes.