New advisor. I think I'm getting punk'd..

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regulator's picture
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Joined: 2007-06-20

I'm a new FA here in arizona. I accepted this position under the premise that I'd be a jr. broker with another FA in my office. Shortly after accepting (signing the company)the offer, she sold her book to a guy who is a complete a-hole in my office. She said that I maintain my role despite the sell. I requested a meeting so that I could confirm this and define my role. After a week w/o answers I decided I couldn't waste any time and started prospecting on my own. It's been two months since I've been in production and not only do I not have access to the clients, it's clear to me that I'm not in the plan.
Of course I'm pissed at myself for not getting this in writing. I'm 99% sure there is no recourse. Should I go about my business, building my business, or insist upon having the previous arrangement honored?
I went from looking forward to coming in each day, to dreading it - realizing that my life will be nothing but prospecting for AT LEAST the next 3-5 years.

Gaddock's picture
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Joined: 2007-02-23

regulator wrote:
Should I go about my business, building my business, or insist upon having the previous arrangement honored?

Both … with enthusiasm IMHO.
 

doberman's picture
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Joined: 2005-02-22

If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.
Good luck!

diggity's picture
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Joined: 2006-02-24

doberman wrote:
If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.
Good luck!

FWIW, I don't mind prospecting, completely. In fact each day I get better and it feels less like a chore and more like a step towards building an empire. My main frustration is that it was not something I was expecting to do to the degree with which I'm doing it. I hate to play the victim but I feel like one. A victim of my own stupidity for not getting shiet in writing.
Thanks to both of you. I appreciate the suggestions.

troll's picture
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Joined: 2004-11-29

Go after her clients.  She's a

troll's picture
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Joined: 2004-11-29

diggity wrote:doberman wrote:
If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.
Good luck!

FWIW, I don't mind prospecting, completely. In fact each day I get better and it feels less like a chore and more like a step towards building an empire. My main frustration is that it was not something I was expecting to do to the degree with which I'm doing it. I hate to play the victim but I feel like one. A victim of my own stupidity for not getting shiet in writing.
Thanks to both of you. I appreciate the suggestions.

Do you use more than one name in the office or just here?

troll's picture
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Joined: 2004-11-29

Bobby Hull wrote:diggity wrote:doberman wrote:
If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.
Good luck!

FWIW, I don't mind prospecting, completely. In fact each day I get better and it feels less like a chore and more like a step towards building an empire. My main frustration is that it was not something I was expecting to do to the degree with which I'm doing it. I hate to play the victim but I feel like one. A victim of my own stupidity for not getting shiet in writing.
Thanks to both of you. I appreciate the suggestions.

Do you use more than one name in the office or just here? Must have forgotten his password.....

blarmston's picture
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Joined: 2005-02-26

Or he is like the other 30% of the people on this forum who use multiple names... JOKE.

dalbroker's picture
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Joined: 2007-03-25

Jack bauer....hmmmmm where are you

vbrainy's picture
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Joined: 2006-07-26

Cold calling 24 7 is a miserable day for most people.  Oh there will be some here who say the LOVE it and that they are GREAT cold callers.  Yeah sure.
I would not stay.
do you have an opportunity to transfer to another branch?
Are any accounts in your name?
did you sign a training contract?

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