I just spent a entire hour explaining to the field supervision guy why I sold someone out of AF. They had held them for ten years.
I had to tell him that I wasn't comfortable with index funds. He asked me what I meant, and I told him that AF were loaded indexes. He flipped out and told me I sold a client out of a perfectly good product so I could make a commission. It was like a 10k ticket on a 22k net month.
If they took a look at my rank funds over the last few years, they could see that I never sell American Funds. Yeah, we get to run our offices our way. What a joke!
Had to vent. Please tell me this is not something I would experience as an indy. BSpears, anybody?