New Member and New Company

GreatPlans and B24- We are not necessarily marketing on price, but marketing based on what the compensation structure and a fiduciary standard means.  I thought I might get a little flack for this since we do hit the "Fee-Only" pretty hard as a value proposition.  I thought that since broker/dealers still ruled the investment world, being a Fee-Only RIA is a still differentiator. You can certainly market your "tailored" compensation structure just like we market fee-only.  We just have differing practices and beliefs. Feedback is of course always welcome and I thank you for it.

This is very close, to getting really, really good.

@Oracle - do you know how to sell? You are new in the business, and your plan is to do internet marketing, and mailers?

GET ON THE FUCKING PHONE, TROLL!!!!!!

I would not bash older advisors or bring their mortality rates into conversations.  This is where you may want to bring up the fact that planning/investments/whatever is your passion and you've made it your education.  

I use MFs for my clients.  I don't pretend to be an expert in every market.  That said I don't know if you use MFs, or index, or stock pick.  If I were you and the age thing were brought up I'd go straight to my investment strategy.  Something like this... "The portfolios that I design for my clients are based upon their individual goals and risk tolerance.  I cannot be an expert in every sector of the market so my strategy is to hire the expertise in other areas by using mutual fund managers, their analysts, and their traders where I don't have access to that kind of team.  Being a CFA, like most mutual fund managers, I speak their language but more importantly I can vet them and make sure that they are well-qualified teams to be held by my client's portfolios.  If there are other areas where I can bring value by recommending individual holdings for specific opportunities I will.  This design in my mind brings the best of both worlds."

But if you're more focused on who you want to be in the industry than who and how you can serve individuals than you may want to start putting your resume out to investment firms or boutique securities shops.  

By the way, I'm your age but your comments about older advisors was completely insulting and you came off extremely immature and naive.

I enjoyed the brief exchange between you and Helado (from both).  Don't take it personal.  You're not likely to get along with Helado, but every once in a long while he posts something that may give you thought whether you happen to agree with him or not.  So don't waste your time getting into a tizzy with him.  You'll only make yourself look a fool.

Again, welcome to the board.

I am sure you have the permission of all of those fund and insurance companies to use their logos?

You neglected to include dual registration in your illustrations and point out that a person who is dually registered can offer either or both models whichever is in the best interest of the client.

I always use the example with individual bonds.

Is it better to pay me 2% one time to buy a 20 year bond or pay a "fee only" person 20% over the 20 years that you own the bond?

You tell me which is better for the client in that situation???