Jones average pay: $65k?
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I bought a list from Prestige while I was at Jones. Total waste of money. Like B, I had a few clients on the list.
Not to mention, a couple of other Jones guys in the area had the EXACT SAME LIST.
I’m simply saying it’s worked for me, thus far. Got a 1.7 Million Dollar Cash transfer from it comin in, among others. Testimonials aren’t really accurate either. I’m sure there are bad reviews for the Waldorf Astoria in NY, but i’d bet it’s not a bad place to stay. I don’t live and die by lists. It gives you a good general idea of who you need to be talking to. Are there people not on the list? Yes. Are there people on the list that suck? Yes. What you do with the list is what makes it worth it. Like I said, it works for me.
This would be the reason I suggested that, at least for this month, Volt wouldn't want to play the game with Wind. Congrats on the account. Hello Seg 3.I’m simply saying it’s worked for me, thus far. Got a 1.7 Million Dollar Cash transfer from it comin in, among others. Testimonials aren’t really accurate either. I’m sure there are bad reviews for the Waldorf Astoria in NY, but i’d bet it’s not a bad place to stay. I don’t live and die by lists. It gives you a good general idea of who you need to be talking to. Are there people not on the list? Yes. Are there people on the list that suck? Yes. What you do with the list is what makes it worth it. Like I said, it works for me.
This would be the reason I suggested that, at least for this month, Volt wouldn't want to play the game with Wind. Congrats on the account. Hello Seg 3. [/quote] Theres more where that came from. Thanks sir![quote=Ronnie Dobbs]I’m simply saying it’s worked for me, thus far. Got a 1.7 Million Dollar Cash transfer from it comin in, among others. Testimonials aren’t really accurate either. I’m sure there are bad reviews for the Waldorf Astoria in NY, but i’d bet it’s not a bad place to stay. I don’t live and die by lists. It gives you a good general idea of who you need to be talking to. Are there people not on the list? Yes. Are there people on the list that suck? Yes. What you do with the list is what makes it worth it. Like I said, it works for me.
Are you hitting seg 3 numbers already? 8 months out? Thats killer man, when did you give up on doorknocking? Or do you still do that as well?
[quote=fa09]
Are you hitting seg 3 numbers already? 8 months out? Thats killer man, when did you give up on doorknocking? Or do you still do that as well?
[/quote] I hit Seg 2 numbers already, but I still have a month left to "wait" in Seg 1. The first month out in Seg 2, I will have posted somewhere around $80,000 Gross that month. It might get split up but nonetheless, I'll have seg 3 numbers first month out. Seg 3, in 10 months. Then I have to "wait" 3 more months. I doorknock, just target doorknock. Not wondering around aimlessly.Wind has made claims like this before and it didn’t pan out. His ego tells him its booked his sales sheet tells us all something else as proven by Hank.
Spiff are u sleeping with DJ?
B24 - 1.7 Million Cash transfer. Built a portfolio for her - $40,000 Gross $35,000 gross from a Cash Value policy $8,000 from another account transfering in. It's actually $83,000 but ya know. Hotair1 - It's already past the propsal stage, I've already sold her on how it needs to be invested. I've got the green light. It's already come in cold hard cash. Actually posted to her account this morning:). The rest is already been put through. The only thing that might lag, to the next month is the policy.80,000 gross in one month?
Even at 2%, 1.7 million shouldn’t be 40k gross.
No wonder you aren’t sold on Advisory solutions. Why use AS when you can not reach million dollar breakpoints?
If I were you I'd push hard the rest of the month and see if I could make it somehow to $100K (assuming the insurance policy pans out this month). You might be the #1 in the firm for the month if you can get there. I know you be top 1%. Had a buddy of mine hit something like $125K and Weddle called him personally to pat him on the back. Ted Jones would have driven to his office to shake his hand and made him buy him a hamburger at MCD's.
She's hit a ton of breakpoints with what she has, but she doesn't want much growth focus. Only income. She doesn't need much growth, she has $2 M bucks. We built her a conservative portfolio with about $120,000 in annual income. I'd say thats dandy. Mostly Bonds, UITS and such (although the UIT's lately have sucked it up on the par values). Some mutual funds, but 1.2 M of it is income focused. Hard to hit a million breakpoint, when the client doesn't want that much in mutual funds. Not to mention, I'm not going to build a whole portfolio based on American Funds. I like to give the client more options, while hitting every breakpoint we can. I will not however substitute a phenomenal fund, for a breakpoint and a subpar fund (with the clients consent of course). Know the situation before you speak, please.Even at 2%, 1.7 million shouldn’t be 40k gross.
No wonder you aren’t sold on Advisory solutions. Why use AS when you can not reach million dollar breakpoints?
Wasn’t aware jones could use UITs, or at least thought they were limited on which ones they could use.
[quote=Moraen]Even at 2%, 1.7 million shouldn’t be 40k gross. No wonder you aren’t sold on Advisory solutions. Why use AS when you can not reach million dollar breakpoints?
She’s hit a ton of breakpoints with what she has, but she doesn’t want much growth focus. Only income. Mostly Bonds, UITS and such (although the UIT’s lately have sucked it up on the par values). Some mutual funds, but 1.2 M of it is income focused. Hard to hit a million breakpoint, when the client doesn’t want that much in mutual funds. Not to mention, I’m not going to build a whole portfolio based on American Funds. I like to give the client more options, while hitting every breakpoint we can. I will not however substitute phenomenal fund, for a breakpoint and a subpar fund (with the clients consent of course). Know the situation before you speak, please.[/quote]
If it’s mostly bonds, you should be averaging less than 2% with a properly laddered bond portfolio.
I also did not say to build a whole portfolio based on American Funds. But you could have used PIMCO, Franklin, etc.
Also, you could have put it in Advisory solutions with an income focus. And why would you use a UIT, when it is likely more cost effective to use individual bonds with that kind of portfolio?
Because I use a mix of everything. Bonds,UIT’s, CDS, Stock Funds, Bond Funds, Aggressive Bond Funds, to build a well diversified income focus. I’m not sold on Advisory, because i’m not so sure i’ts the most cost effective route. I’ve only heard, “You can be a million dollar producer with $20 M in ADV”. That to me isn’t benefiting the client. Building a great portfolio and holding it, I beleive is.
Because I use a mix of everything. Bonds,UIT’s, CDS, Stock Funds, Bond Funds, Aggressive Bond Funds, to build a well diversified income focus. I’m not sold on Advisory, because i’m not so sure i’ts the most cost effective route. I’ve only heard, “You can be a million dollar producer with $20 M in ADV”. That to me isn’t benefiting the client. Building a great portfolio and holding it, I beleive is.
Great portfolios now aren't great portfolios in the future. Advisory solutions is certainly not the most cost effective route.
But if you were looking for the most cost effective route, you wouldn't be at Jones.
As a former EDJer… I call bs… I agree with Moraen. if it’s mostly bonds, then I would have guessed 1.5-2%, with an average of 1.6%… But even at 2% on the whole portfolio(and I hope you didn’t because those are all 15yrs and longer) you would still be netting $34K and not $40K…
Not asking you to justify, but don’t try to lie to people who have seen what you can do and what you get paid.
Moraen - That's why I do Quarterly Reviews and keep my client list to a minimum, with a minimum account balance. That way, they all get the best service possible and are all treated like family in my office. Which might just be why I've moved in such large accounts over the past 8 months. My clients notice the difference in my office. Listen, you folks try and break it up all you want. No need to justify. It is what it is. It's my business, my client specific situations, and my paycheck. Not yours. The numbers are correct whether you like it or not and my clients are happy about the income THEY recieve. Happy selling folks.As a former EDJer… I call bs… I agree with Moraen. if it’s mostly bonds, then I would have guessed 1.5-2%, with an average of 1.6%… But even at 2% on the whole portfolio(and I hope you didn’t because those are all 15yrs and longer) you would still be netting $34K and not $40K…
Not asking you to justify, but don’t try to lie to people who have seen what you can do and what you get paid.
Oh, c’mon. You’re not seriously going to try to discredit him on this are you? Squash, did you read what you just typed “you would still be netting $34K and not $40K”. Surely you’re not going to quibble over .03% on this $1.7MM transfer. You’ve got to admit that you’re reaching for things to try to make him look bad if you are. Give the noob his props on what is shaping up to be a great month. If the things he said before actually do come in, $74K is still a huge month.