Reading the above posts, I'm actually looking forward to firing my first client.  It will be a liberating experience.

Two years into my practice I'm getting to the point where I don't have to take everyone on board.

scrim

The people that just left the bank, walk in and ask…“how much are them IRA’s payin”?

As a rookie, I had a client who was secretly buying my firm's recommended stocks in a discount brokerage account. As my client, he would buy 100 shares of XYZ, while simultaneously buying 500 shares thru Fidelity.

One day, a rec stock dropped about 15%. He called me, extremely upset, that afternoon. I told him to relax, that the stock only constituted a small portion of his portfolio. Then he told me what he was doing with Fidelity. 

I gave him 30 days to find another broker.

[quote=doberman]

As a rookie, I had a client who was secretly buying my firm's recommended stocks in a discount brokerage account. As my client, he would buy 100 shares of XYZ, while simultaneously buying 500 shares thru Fidelity.

One day, a rec stock dropped about 15%. He called me, extremely upset, that afternoon. I told him to relax, that the stock only constituted a small portion of his portfolio. Then he told me what he was doing with Fidelity. 

I gave him 30 days to find another broker.