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retire@40 · 09-30-2008, 03:30 PM

I'm surprised the planner would even deal with you for a measly $10K (unless there was other money you didn't mention here).

I would think most financial planners wouldn't take on clients with less than $50K to $100K to invest.

I think a minimum to invest in a "Brinker" plan is around $100K, for example. Not sure how cost effective Brinker is, but I heard good stories about them from a few people.

FUEGO · 09-30-2008, 03:43 PM

Quote:

Originally Posted by retire@40

I'm surprised the planner would even deal with you for a measly $10K (unless there was other money you didn't mention here).

I would think most financial planners wouldn't take on clients with less than $50K to $100K to invest.

I think a minimum to invest in a "Brinker" plan is around $100K, for example. Not sure how cost effective Brinker is, but I heard good stories about them from a few people.

My parents have large accounts with him. At the time I'm sure he was doing me a "favor" by setting up a couple of IRA's for me and DW. We did end up putting over $100k with him - but that was a long time ago before we had real money to invest (thank goodness).

He probably knew we would be potentially great clients shortly with decent inflows of cash given our family history there and where DW and I were at in life at the time. In other words he spotted a mark and made his move.

73ss454 · 09-30-2008, 07:34 PM

Yup, they can only sell the ones with the largest commissions, makes sense to me.

FinanceDude · 10-01-2008, 12:38 PM

Quote:

Originally Posted by 73ss454

Yup, they can only sell the ones with the largest commissions, makes sense to me.

All the load funds are about 5.75% on purchases under $25,000.

73ss454 · 10-01-2008, 12:40 PM

Yeah, I know the schedule well, I was once a member.

FinanceDude · 10-01-2008, 12:43 PM

Quote:

Originally Posted by 73ss454

Yeah, I know the schedule well, I was once a member.

Don't kill the messenger, I just provide facts...........

cute fuzzy bunny · 10-01-2008, 01:10 PM

Quote:

Originally Posted by FinanceDude

Don't kill the messenger, I just provide facts...........

Sometimes.

FinanceDude · 10-01-2008, 01:23 PM

Quote:

Originally Posted by cute fuzzy bunny

Sometimes.

You could always put me on ignore........

73ss454 · 10-01-2008, 12:44 PM

I''m not mad at you I'm mad at me.(heh)

FinanceDude · 10-01-2008, 12:52 PM

Quote:

Originally Posted by 73ss454

I''m not mad at you I'm mad at me.(heh)

Maybe it was a time in your life when you were very busy, and thought you needed some help. Then, you found out he/she wasn't very helpful, provided no value, and just collected the 12b-1 trails, and you moved on...........

.

cute fuzzy bunny · 10-01-2008, 01:26 PM

Nah, I like watching you dance and I enjoy your signature claims.

FinanceDude · 10-01-2008, 01:53 PM

Quote:

Originally Posted by cute fuzzy bunny

Nah, I like watching you dance and I enjoy your signature claims.

Maybe I can get Sarah Palin to give me dancing lessons, she'll be doing more dancing than any of theose celebs on "Dancing with the Stars" will..........