Slowly but surely the Commissioned broker is Dead
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Hey, I resemble that remark.Ice just got a beat down…I thought it was only the Jones boys who got beat downs…
You stopped me from beating up Amway...are you kidding. How big of yourself. Sometimes I get embarrassed by the number of posts I have, and only being in this industry short of eight years...but you take the cake.
Gees...I wish for the days when I could flirt with Miss Jones...where have the good days gone.
I thinketh that slowly and surely the fee-based broker is dying on the vine… My commissioned based business is rockin…while the fee-based is rollin down hill…
[quote=iceco1d]
By the way, speaking of hypocrites - in the same post, you tell me that you "don't have the time to remember," but yet you somehow remember various pieces of my professional AND academic history...quite interesting. [/quote] I believe you mean "misremember"I have friends who work for Fido. They’re making 175k to 200k per year. They are not order takers either. Most are from a ML background. Seminars, portfolio reviews etc can be very effective. Add to that the name recognition and client pain from some of the former recommendations and you can understand why they are gathering the amount of ACATs. Add to that all of the fees they were charged before such as putting IRA assets into deferred variable annuities. Just my 2 cents.