[quote=Helter Skelter]

[quote=bankrep1]ha ha you spelled obviouslywrong![/quote]

Obvious and wrong are two different words and you should have a space between them.

[/quote]

The words are obviously and wrong.  Bankrep1 also did not capitalize 'ha'.  Somebody get it right please......geez.

Gotcha my firm has similar guidelines although when used in an asset allocation strategy it is OK we have to fill out a ton of extra paperwork though documenting the fee’s vs. A shares, I still do it

If you're using an asset allocation model, why not just use ETFs and sidestep the whole A-B-C issue altogether?

Starka, my firm’s fee based accounts are somewhat limited, MF models and SMA’s over 500K. I would love to have an open platform fee based advisory account, we don’t though and I am not leaving to have access to one.

Bank, I find that even with brokerage accounts ETFs and UITs work pretty well within an allocation framework. 

In point of fact, I use open end mutual funds very sparingly, mostly when I need a specialty fund.  As has been pointed out earlier, with the A share, the client is behind the 5.75% eight ball from the outset, and then fees are piled on.  I REALLY object to mutual funds in advisory accounts, as there are added levels of fees, whether the client sees them or not.  A case can be made for using them, and I respect that, but it just seems like overkill to me.

Oh, and one other thing....if you're happy at the bank, I'm glad for you.  There's room for us all.

[quote=bankrep1]vbrainy if you re-read what you wrote you're not very clear. I know what my firms guidelines are I was asking what your firms were. Whose the idiot I cannot understand your english, I have two degrees I know how to read.

[/quote]

Actually, my comments were directed at the person who started the post.  That person is an idiot.

You seem ok . . .don't know

I am very impressed by your degrees

Let's give the guy with two degrees some help.

bankrep1 wrote:

Where's the Grammar Police when you need 'em?

(All in good fun of course, I'm no NASDy Newbie)

I have know degrees.  I no how to read two.

Dude, I thought since you were a self proclaimed piker you had to retire from the message baords and try to find some clients. Addicted?

I now have prospects calling me and plenty of leads to keep me happy these days. 

Plus I'm not too sure what a baord is.

I'm still in the biz of selling financial products (I'm going to have an $80,000 plus month at around 35% payout btw) and doing much better than at either of the wirehouses or bank that I have worked at.  I think I'm doin' O.K. how's your month?

I may be addicted (O.K. and a piker too) but I think there's still an opportunity for me to learn and to help others around here.  Would you agree?

Plus, y'all are such sweethearts, I'd miss all the uplifting dialogue.

35% at 80K man you’re getting raped!

[quote=dude]

I now have prospects calling me and plenty of leads to keep me happy these days. 

Plus I'm not too sure what a baord is.

I'm still in the biz of selling financial products (I'm going to have an $80,000 plus month at around 35% payout btw) and doing much better than at either of the wirehouses or bank that I have worked at.  I think I'm doin' O.K. how's your month?

I may be addicted (O.K. and a piker too) but I think there's still an opportunity for me to learn and to help others around here.  Would you agree?

Plus, y'all are such sweethearts, I'd miss all the uplifting dialogue.

[/quote]

That'll be a nice month, dude. I'm sorry that you won't get to keep most of it, but I admire the fact that you set a goal and are determined to make it happen. That helps a lot. I'm pulling for you.

I've decided to put $1,000,000 into an NG deal that we have that pays 8% with a 100% payout. It's an easy sell and if I work at a moderate pace, I could be done in the first 2 or 3 weeks.

[quote=dude]

I now have prospects calling me and plenty of leads to keep me happy these days. 

Plus I'm not too sure what a baord is.

I'm still in the biz of selling financial products (I'm going to have an $80,000 plus month at around 35% payout btw) and doing much better than at either of the wirehouses or bank that I have worked at.  I think I'm doin' O.K. how's your month?

I may be addicted (O.K. and a piker too) but I think there's still an opportunity for me to learn and to help others around here.  Would you agree?

Plus, y'all are such sweethearts, I'd miss all the uplifting dialogue.

[/quote]

Where are you at now?  Not the exact name, too many weirdos here.  Just what type of firm?

I work at a firm that gets a lot of call ins because of an exceptional marketing process.  We are leaders in our particular 'niche' which focuses on fixed annuities marketed to people who are looking specifically for fixed annuities (in addition to SPIA's etc...). 

I can also sell life insurance so I am using the opportunity to give advice to many people who are interested in passing assets on to their heirs in the most tax efficient, cost effective way. 

Yeah, it sucks that I only get 35%, but I have neither the capital or competitive position to pull in this kind of volume.  Plus I'm hoping that in a couple years I can branch off my efforts here to expand back into a more traditional 'advisor' role.....although I have to admit that having a product focus and specializing is a hell of a lot more productive than being a generalist like I was.  I think I will specialize in some aspect of asset managment...maybe working with convertibles and/or some unique investment process.  I also think I'll start working on my CFA within the year.

I am in a good position because all I have to do is focus  on profiling the prospects (for suitability of course), educating and closing sales.  I believe this will help me hone my pitch and develop a better sales aptitude.  It's also nice that everybody I talk with during the day is an interested (most are also qualified too) prospect.

That being said....I might only do business with one to two folks for every 10 to 15 I speak with since some are not suitable for the product or just wanted to learn a little more etc....

Now before I get the vultures swirling about being an 'annuity salesman', I will say that I am very dilligent in turning away folks who are not a good fit for an annuity.  Plus annuities, like all invesmtents have their appropriate place.  I'm not here to get into a debate about annuities.

Also the $80,000 month is a large month, but I'm planning on doing some marketing that piggybacks off of the existing system to try and make that a common month. 

[quote=bankrep1]35% at 80K man you're getting raped! [/quote]

Yeah, what the hell can you say about it.....aren't you at a bank?

I hope you don't need me to make you aware of how stupid it sounds to criticize someone for something that describes your exact situation.

I will point out that I worked at a bank and I get higher quality referrals (in greater abundance) at my current employer than I ever got at a bank.

Did you do $80,000 this month?  I'll probably do another $30,000 or more next month too.  This is after a relatively short time working here. 

[quote=Helter Skelter][quote=dude]

I now have prospects calling me and plenty of leads to keep me happy these days. 

Plus I'm not too sure what a baord is.

I'm still in the biz of selling financial products (I'm going to have an $80,000 plus month at around 35% payout btw) and doing much better than at either of the wirehouses or bank that I have worked at.  I think I'm doin' O.K. how's your month?

I may be addicted (O.K. and a piker too) but I think there's still an opportunity for me to learn and to help others around here.  Would you agree?

Plus, y'all are such sweethearts, I'd miss all the uplifting dialogue.

[/quote]

That'll be a nice month, dude. I'm sorry that you won't get to keep most of it, but I admire the fact that you set a goal and are determined to make it happen. That helps a lot. I'm pulling for you.

I've decided to put $1,000,000 into an NG deal that we have that pays 8% with a 100% payout. It's an easy sell and if I work at a moderate pace, I could be done in the first 2 or 3 weeks.

[/quote]

I'm not familiar with 'NG' deals.  What's it stand for?

Dude, I am not at a bank, haven’t been in years although I hear they are a decent place to work if it’s a small community oriented business focused type of bank. I work in a niche market (guess?), and I would not work for 35% unless I did 0 prospecting. No I didn’t do 80K this month, but neither did you. Didn’t you just start there like a month ago? Are you sure you didn’t add a zero and do really 8K this month?



I am sorry to hear you got crappy referrals problem was self inflicted, did you tell them what to look for? and told them not to send you crap because that is not what or who you help.

[quote=dude][quote=Helter Skelter][quote=dude]

I now have prospects calling me and plenty of leads to keep me happy these days. 

Plus I'm not too sure what a baord is.

I'm still in the biz of selling financial products (I'm going to have an $80,000 plus month at around 35% payout btw) and doing much better than at either of the wirehouses or bank that I have worked at.  I think I'm doin' O.K. how's your month?

I may be addicted (O.K. and a piker too) but I think there's still an opportunity for me to learn and to help others around here.  Would you agree?

Plus, y'all are such sweethearts, I'd miss all the uplifting dialogue.

[/quote]

That'll be a nice month, dude. I'm sorry that you won't get to keep most of it, but I admire the fact that you set a goal and are determined to make it happen. That helps a lot. I'm pulling for you.

I've decided to put $1,000,000 into an NG deal that we have that pays 8% with a 100% payout. It's an easy sell and if I work at a moderate pace, I could be done in the first 2 or 3 weeks.

[/quote]

I'm not familiar with 'NG' deals.  What's it stand for?

[/quote]

Natural Gas.

If the subject is Natural Gas, Putsy (or whatever his latest incarnation is) would be the gasbag to speak with.