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redfish View Drop Down
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    Posted: Jan/10/2019 at 11:23am
run a small indy advisory hybrid...5 folks...registered in '94...glad to be here
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luvindy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Jan/10/2019 at 11:27am
In first!
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jan/10/2019 at 12:05pm
Five clients.
That is small!🤣🤣
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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Jan/10/2019 at 4:12pm
2nd
King of sarcasm and speling
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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Jan/10/2019 at 4:13pm
Aum? What’s your time in the 40 and how much can you deadlift l?
King of sarcasm and speling
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: Jan/10/2019 at 4:37pm
Non registered (de minimis)?
Is it too late to exhume Ken Starr?
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redfish View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote redfish Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 9:56am
$65mm .  Still run a solid 5.0 at age 50.  Granted much less than 40 yards.  Ran out of weights at the gym to see my deadlift...let's just I am a beast.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote advisorman Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 10:45am
I like this guy...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spaceman Spiff Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 11:34am
Originally posted by redfish redfish wrote:

run a small indy advisory hybrid...5 folks...registered in '94...glad to be here
Do you mean you have 5 clients or 5 people in your shop? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote redfish Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 11:36am
5 people...me, 1 CFP, 1 CPA, 1 insurance specialist (P&C), one assistant
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 11:46am
What are your 13 dividend stocks that you use in your magical portfolio that will outperform anything?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 11:59am
Originally posted by redfish redfish wrote:

5 people...me, 1 CFP, 1 CPA, 1 insurance specialist (P&C), one assistant

Total of 65 mm for all of that?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 12:30pm
Originally posted by Iamlegend Iamlegend wrote:

Originally posted by redfish redfish wrote:

5 people...me, 1 CFP, 1 CPA, 1 insurance specialist (P&C), one assistant

Total of 65 mm for all of that?


He just got registered in 94
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 1:00pm
Originally posted by Iamlegend Iamlegend wrote:

Originally posted by redfish redfish wrote:

5 people...me, 1 CFP, 1 CPA, 1 insurance specialist (P&C), one assistant

Total of 65 mm for all of that?


He’s probably doing their investments and taxes and making 300k. Cut the new guy some slack
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Post Options Post Options   Thanks (0) Thanks(0)   Quote redfish Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 2:57pm
I only make maybe half my revenues off asset management.  Company makes most off fee for advice/planning...clean revenues and highest margins
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spaceman Spiff Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 3:25pm
Originally posted by Iamlegend Iamlegend wrote:

Originally posted by redfish redfish wrote:

5 people...me, 1 CFP, 1 CPA, 1 insurance specialist (P&C), one assistant

Total of 65 mm for all of that?
That's what I was thinking. 
 
My guess - He gets the revenue from the assets, CFP gets the majority of the revenue from the planning, CPA gets to keep the accounting fees, the insurance specialist keeps the revenue from the policies he writes on the clients, and the assistant gets a small salary that they all kick in on. 
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote redfish Quote  Post ReplyReply Direct Link To This Post Posted: Jan/11/2019 at 3:36pm
Close...CFP gets % of asset based revenues.  I get all the fees.  CPA tells me how much accounting services will be, charge that fee with small override (margins suck but I make 10% off the top).  He bills the company and pay him whatever he bills.  The insurance broker keeps all the commission and I charge small fee annually for her service.
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