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2000-11-05
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From: Njoythjrny@aol.com
Subject: [effortless] re fee schedule
Date: 02 Nov 2000 09:17:53 EST
I am trying to put together a fee schedule - first blush is
250k - 499k 1.5% costs client $3750 - 7485 per year
500k - 999k 1.25% 6250 - 12,487 per
year
1m - 1.49m 1.0% 10,000 - 15,000
1.5m - 2.5m .80% 12,000 - 20,000
2.5m - 5m .60 15,000 - 30,000
over 5m .50
Does this seem right? They get a break as each step goes up? What is your
schedule? Are there too many breakpoints? Am I overthinking this and is it
just in my mind whether break points are impt?
Mark
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-------------------------------------------------------------------------------
From: "David McMenamin" <horizon.financial@worldnet.att.net>
Subject: Re: [effortless] re fee schedule
Date: 02 Nov 2000 14:44:26 -0600
This is fine. Perhaps there are too many breakpoints. You may consider for
discussion purposes with the cleint say that anything over 1 million i s
negotiable or somehting like that. Obviously you cannot put that in your
ADV. My schedule is 1.5 to 500, 1.25 500- 1mill and bewteen .75 and 1 for
over 1 million.
Just finished my seminar. About 30 people. Looks like we will have a large
percentage for meetings.Talk to you next week. I am leaving for Las Vegas in
about 2 hrs.and plan to relax for a couple of days.
----- Original Message -----
Sent: Thursday, November 02, 2000 8:17 AM
> I am trying to put together a fee schedule - first blush is
>
> 250k - 499k 1.5% costs client $3750 - 7485 per year
> 500k - 999k 1.25% 6250 - 12,487 per
> year
> 1m - 1.49m 1.0% 10,000 - 15,000
> 1.5m - 2.5m .80% 12,000 -
20,000
> 2.5m - 5m .60 15,000 -
30,000
> over 5m .50
>
> Does this seem right? They get a break as each step goes up? What is
your
> schedule? Are there too many breakpoints? Am I overthinking this and is
it
> just in my mind whether break points are impt?
>
> Mark
>
> -
> To unsubscribe to effortless, send an email to "majordomo@xmission.com"
> with "unsubscribe effortless" in the body of the message.
> For information on digests or retrieving files and old messages send
> "help" to the same address. Do not use quotes in your message.
-
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-------------------------------------------------------------------------------
From: Njoythjrny@aol.com
Subject: [effortless] (no subject)
Date: 03 Nov 2000 10:00:23 EST
another question re fee's
with the very real prospect of fee shrinkage, is anyone who is aligned with
attorneys or accountants picking up the cost of that work as part of the
total fee. Do you see in the future, or are you currently, picking up the
freight for the ancilary costs of doing business out of the money management
fee?
Mark
-
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-------------------------------------------------------------------------------
From: Kent Kulman <Kent@lplusa.com>
Subject: RE: [effortless] (no subject)
Date: 06 Nov 2000 08:27:25 -0800
I don't think you can do what you are suggesting unless all others involved
are licensed. This would be viewed by the NASD as sharing commissions.
Furthermore, although I believe that fees will be squeezed at some point in
the future and planning for this is prudent, we have a ways to go before
that becomes a problem. Focus on your value-added, you are putting way too
much thought into this fee thing.
Kent
-----Original Message-----
[mailto:owner-effortless@lists.xmission.com]On Behalf Of
Njoythjrny@aol.com
Sent: Friday, November 03, 2000 7:00 AM
another question re fee's
with the very real prospect of fee shrinkage, is anyone who is aligned with
attorneys or accountants picking up the cost of that work as part of the
total fee. Do you see in the future, or are you currently, picking up the
freight for the ancilary costs of doing business out of the money management
fee?
Mark
-
To unsubscribe to effortless, send an email to "majordomo@xmission.com"
with "unsubscribe effortless" in the body of the message.
For information on digests or retrieving files and old messages send
"help" to the same address. Do not use quotes in your message.
-
To unsubscribe to effortless, send an email to "majordomo@xmission.com"
with "unsubscribe effortless" in the body of the message.
For information on digests or retrieving files and old messages send
"help" to the same address. Do not use quotes in your message.