Source of funds - Series 65

Sep 24, 2018

  1. JJ2713
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    JJ2713 Guru

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    Insurance companies set commissions for agents, not the agents themselves. Advisors set their own fees.

    I'm not a consumer, I''m an agent/advisor. Retirement planning actually.

    What YOU don't seem to understand is that I'm not saying anything about some people needing advice. Some people surely do.

    However, What I AM saying is that a fee based on a % of AUM is not logical.

    It doesn't take more time to advise a client with $500K compared to a client with $1M. Yet, with a % model, while the % may be lower if the client has more money, the fee is still higher for the client with more money. That's not logical.

    Now, if the client has several businesses in several countries, children from 3 different women, etc., wants to invest in very alternative investments (especially overseas investments), also invest in managed futures, etc.... then yes, that person needs a higher fee since their case is much more complex than just the average person.
     
    JJ2713, Sep 27, 2018
    #31
  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    Advisory firms set their fee schedule - with a little room for individual IARs to change or negotiate it.

    Or you own your own RIA.
     
    DHK, Sep 27, 2018
    #32
  3. Stephen
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    Stephen Guru

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    Thank you for backing off of your original comment. No need to be hostile about it though. :)
     
    Stephen, Sep 27, 2018
    #33
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