[quote=BankFC]

sorry, you're wrong.  i used a general term "living benefit' which encompasses various accumulation and income riders.

the best you can do is ineptly try to mince words to discredit me???

once again, another example of your stupidity.

[/quote]

At least have the commonsense to limit your errors and humiliation to a single thread. I detailed there how wrong you were, I'm not going to post it three times for you.

No humiliation here.  You are a sad little man.

[quote=BankFC]No humiliation here.  [/quote]

I hadn't considered the possibility that you were too dim to understand how you've been humiliated....

[quote=mikebutler222][

At least have the commonsense to limit your errors and humiliation to a single thread. I detailed there how wrong you were, I'm not going to post it three times for you.

[/quote]

This is classic MikeButler   Hey, when do you guys produce? It seems like you're always on.

Mikey:

I own you.

"Very, very common. And when your friend left, he took very, very few clients with him."

Mike,

With all due respect, your one-size-fits-all approach isn't working here.  I left a bank program this summer and have already taken right at 75% of what I have interest in, with no contact (due to a non-solicit agreement) other than a few newspaper and radio ads until I finally sent out some Christmas cards to old clients last week.  When the dust is settled, I'll bet I get at least 90% of what I am INTERESTED in that CAN move.  I had to leave some accounts that had named the bank as trustee, etc., and by CHOICE, I left A LOT of crappy accounts that I had little or no interest in retaining (CD accounts, high-maintenance clients, etc.)

At the bank (at least where I was), there was a lot of pressure to sell, sell, sell and grow 20-30% YOY and frankly, I've reached a point where income is far from my top priority, although I expect to do every bit as well and eventually better than I did at the bank.  The people at the bank were not necessarily horrible people, but their business model was not compatible with mine and I was more than happy to move on. A year from now, I expect that my book will be about $30 million (it's just over $18 million today and was about $45 million at the bank), consisting of about $20 million from bank transfers and another $10 million new business, with about 75% or the overall total in fee-based business.  I'll have about 1/3 the number of households that I dealt with at the bank.  If I do nothing but grow and service these accounts, I would be very satisfied, as a Porsche would probably be a bad idea in the snow belt anyway.

I'll acknowledge that I would probably make a crappy Merrill broker and would probably be labled a failure because I have much more desire to take care of the clients that I have than take on a hundred new clients each year that I don't have time to talk to. On the other hand, I've competed very well against wirehouses such as Morgan Stanley (no Merrill brokers in my area) and have won more than I've lost to those folks, so I'm comfortable with my approach and apparently it's fairly well received by prospects.

The bottom line is, you're welcome to look down your nose at other advisor channels, but I'm hopeful that you'll one day understand that there are quality advisors working successfully outside the wirehouse arena.  It's always possible that you'll discount a competitor because of where they work and ultimately regret it...

Merry Christmas...

[quote=BankFC]

Mikey:

I own you.

[/quote]

Sure you do, just like you "own" that annuity you sell but can't correctly explain...

[/quote]

Very, very common. And when your friend left, he took very, very few clients with him. [/quote]

Sorry, I guess I didn't make it very clear in my original post, my friend worked for a non bank regional. Actually it was a classy little firm. He went there from a wirehouse. So most of his clients were gained the old fashioned way, through prospecting. When the dust settles most of his book, 75-80% will follow him. That's about par for wirehouse brokers.

[quote=Indyone]

With all due respect, your one-size-fits-all approach isn't working here.  I left a bank program this summer and have already taken right at 75% of what I have interest in,.."

[/quote}

Interesting qualifier. "what I have interest in". I'm not going to question your honesty here. I''ll take your word on it.  I'll simply point out how brokers leaving bank programs historically take a very low percentage of the clients they had. Ask our resident recruiter or look through the Reg. rep. stories on the subject.

[quote=Indyone]

 A year from now, I expect that my book will be about $30 million (it's just over $18 million today and was about $45 million at the bank), ...

[/quote]

I honestly hope it works out well for you. One size doesn't fit all, and I never claimed it did.

[quote=Indyone]

  If I do nothing but grow and service these accounts, I would be very satisfied, as a Porsche would probably be a bad idea in the snow belt anyway.

[/quote]

Nah, get a C4, you'd love it in the snow 

[quote=Indyone]

I'll acknowledge that I would probably make a crappy Merrill broker and would probably be labled a failure because I have much more desire to take care of the clients...

[/quote]

Now, now. Let's not suggest the guys at ML don't care as much as you. They don't have to open more accounts than they can handle, you just need to open up that limited number you can take care of with large assets.

[quote=Indyone]

The bottom line is, you're welcome to look down your nose at other advisor channels,...

[/quote]

If you haven't followed this thread back to the beginning I can see how you'd come to that conclusion. That's not the case, unless they're little lobby-jockies who want to play the "But I'm a REAL broker, I AM WHAAA!!!!!" game like BankFC. 

[quote=Indyone]

Merry Christmas...

[/quote]

Same to you

[quote=skeedaddy2][quote=mikebutler222][

At least have the commonsense to limit your errors and humiliation to a single thread. I detailed there how wrong you were, I'm not going to post it three times for you.

[/quote]

This is classic MikeButler   Hey, when do you guys produce? It seems like you're always on.

[/quote]

 It's sort of a special day. I'm working from home, outside access.

Indy, Porsche makes an all wheel drive 911 varient known as the Carrera 4. In Porsche circles the C4 gains enough respect for Porsche to continue to build it. So ramp up that propecting program, put on the mukluks. No reason for a little snow and ice to keep you from screaming around the neiborhood at warp speed.

maybe someday, tj…I’m pretty easy to satisfy at the moment.  When I feel the need for a perfomance car, I pick a dry and sunny day and make calls in mom’s '93 40th anniversary ‘vette…I don’ even think the thing has 10,000 miles on it yet…guess she just bought it to look at!  I try to drive it enough to make sure all the seals are lubricated, etc…then go back to my clean, more than adequate, 4dr sedan…ahhhh…how pedestrian…

[quote=mikebutler222][quote=skeedaddy2][quote=mikebutler222][

At least have the commonsense to limit your errors and humiliation to a single thread. I detailed there how wrong you were, I'm not going to post it three times for you.

[/quote]

This is classic MikeButler   Hey, when do you guys produce? It seems like you're always on.

[/quote]

 It's sort of a special day. I'm working from home, outside access.

[/quote]

Indy and I can work from home whenever we want.....

[quote=BankFC]

Mikey:

I own you.

[/quote]

Haven't you been paying attention?  Metellnoname owns him already!  

No, metellnoname declared my ownership of him...i think.  I don't know, and I'm not gonna go look...I gotta get stuff done today!!!

lol

[quote=Indyone]maybe someday, tj...I'm pretty easy to satisfy at the moment.  When I feel the need for a perfomance car, I pick a dry and sunny day and make calls in mom's '93 40th anniversary 'vette...I don' even think the thing has 10,000 miles on it yet...guess she just bought it to look at!  I try to drive it enough to make sure all the seals are lubricated, etc...then go back to my clean, more than adequate, 4dr sedan...ahhhh....how pedestrian...[/quote]

Yeah, I hear you. My current everyday ride is a Grand Cherokee. I've had my share of hot cars, most recently a triple Black Mustang Cobra Convertible. Fun!!!!!! I made a deal with my wife that I would give up the motorcycles if I bought a toy car. I picked the Cobra over a Porsche 911 and Corvette. It's everyday driveability was the key. So out went the bikes. 8 months later I was bored and wanted the bikes back so out went the Cobra. I traded it for a Honda Accord for my wife. Funny story; When I traded it the used car manager and I went out to look at the car so he could give me a number for it. He Took one look at the rear tires and asked me why they had so little tread left? I told him that I had no idea what had happened to them, that they were just fine when I purchased the car 8 months before. We both had a good laugh.  Still, as a Honda dealer he had no room for this hot car on his lot and wasn't offering me enough money for the car. I asked him for a phone book and started calling Ford dealers from his office. I found one that wanted the car offered me 6k more than the Honda store was willing to pony up. I handed the phone to the used car manager and said get it done. And with that I sold my Cobra to the Honda dealer who sold it to the Ford dealer. I'm happy riding my BMW K1200LTc motorcycle, but, The new Shelby Cobra is due out next summer so......we'll see!

[quote=BankFC]

No, metellnoname declared my ownership of him...i think.  I don't know, and I'm not gonna go look...I gotta get stuff done today!!!

lol

[/quote]

ROFLMAO, this is rich. Hey, BankFC, you don't even own the desk you rotate through in the lobby of the various branches you cover

[quote=joedabrkr][quote=mikebutler222][quote=skeedaddy2][quote=mikebutler222][

At least have the commonsense to limit your errors and humiliation to a single thread. I detailed there how wrong you were, I'm not going to post it three times for you.

[/quote]

This is classic MikeButler   Hey, when do you guys produce? It seems like you're always on.

[/quote]

 It's sort of a special day. I'm working from home, outside access.

[/quote]

Indy and I can work from home whenever we want.....

[/quote]

That's why you're my hero 

I prefer to be in the office, though. You never know who will drop by to see you.

[quote=mikebutler222][quote=joedabrkr][quote=mikebutler222][quote=skeedaddy2][quote=mikebutler222][

At least have the commonsense to limit your errors and humiliation to a single thread. I detailed there how wrong you were, I'm not going to post it three times for you.

[/quote]

This is classic MikeButler   Hey, when do you guys produce? It seems like you're always on.

[/quote]

 It's sort of a special day. I'm working from home, outside access.

[/quote]

Indy and I can work from home whenever we want.....

[/quote]

That's why you're my hero 

I prefer to be in the office, though. You never know who will drop by to see you.

[/quote]

LOL...that's why I prefer NOT to be at the office.....I don't like it when people 'drop by'.  Messes with my flow....

I'll second that motion...don't like unexpected visitors unless they lay down a fresh mil...then I'll tolerate them.  I try to make sure that I'm out calling a lot to try and keep the "droppers" guessing (as well as generate some new clients!).  Joe's my hero, too...

tj...my toy at home is an '86 Honda Nighthawk S...fairly rare...only made by Honda 84-86 and was apparently ahead of it's time (didn't sell well).  It's almost completely restored and is ridden occasionally.  I saw this beautiful bike when I was in college but by the time I was out and could afford it, they were gone, so I've had a lot of fun putting this one back together and it rides like a dream...that reminds me, I also have a black 1966 Honda Dream 305...less than 12K original miles...rode that one in high school...ahhhhhh...the memories...