{ "media_type": "text", "post_content": "Is Commonwealth good as advertised??\nIt just seems to good to be true. ( all the top ratings in JD Power etc)\nEdward Jones also has excellent J.D. Power scores but we definitely have issues.........", "post_id": "5d43b8782243bd001c11a743", "reply_count": 14, "vote_count": 0, "bowl_id": "5ac7151f848b740013523fd1", "bowl_name": "Leap to Independence (True Hybrid)" }

Is Commonwealth good as advertised?? It just seems to good to be true. ( all the top ratings in JD Power etc) Edward Jones also has excellent J.D. Power scores but we definitely have issues.........

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25 bps platform charge was the most glaring but they were on my top 3 when I made my move.

United Planners allows Schwab, TDA, and Fidelity with no platform fee. Check them out if you’re still looking.

I was considering Commonwealth Avenue in point, from what I read and my interactions with them, they are a good independent shop. However, I’ve always had my own skepticism about any company that is privately owned, because previously working at Edward Jones, I knew they can change the rules as they went along.

Can’t a public one do that too?!

smart

Thanks for feedback RJ. Any company can change things tho. Think about the wire houses. They change Comp plans every few years. Pros and cons either way. I visited RJ, very solid firm, has good name etc. from a service standpoint and technology, CW seems much stronger. The trade off is RJ is a good name with a solid reputation. How long since you jumped, and did they harass you ?

Is EJ as good as advertised? There is always something that could be better, is better, would be better, but that is only a snapshot in time. If you want the control and feel you can handle the compliance, technology, etc, then RIA is the way to go. Keep in mind that one reason that things change at the BD’s is because policies force compliance changes, technology changes force companies to change. That won’t change as an RIA, but you have more control, a higher payout and freedom and flexibility. EJ is a fine company, Commonwealth is a fine company, RJ is a fine company. Moving from one home to the next is a lot of work and expense, but it does allow a purge of all the things you don’t need. Moving firms can be similar, but my guess is you will lose some clients you thought would never leave you as well Each firm will make changes, send out directives, and ebb and flow in the BD space.

What’s your point riskalyze?

Thanks !! Great feedback

Where are you located?

Commonwealth is good at getting a $250K producer to the $750K mark. After that, you’re paying for a bunch of bells and whistles you don’t need anymore. IMHO

What is the next move after that ?

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