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May 20, 2009 11:41 pm
deekay:

[quote=Sam Houston][quote=deekay][quote=etj4588]John,  I’m a simple guy.  Grew up on a farm, got lucky and built a good business.  Worked hard for 40 years.  If you haven’t figured it out yet, I want to make money.  Plain and simple.  Show me how you can make me some money.

  "You've got advisors for making you money, correct, UHNWP?  My job is to help you spend your money without ever running out while passing along the biggest net estate possible to who and what is important to you.  That's how I will add value to your life."[/quote]       Out of curiosity, how does an annuity accomplish this?[/quote]   Who said anything about an annuity?[/quote]     You did.  Or you help people budget.  One or the other.
May 21, 2009 12:00 am

Sam,

  I'm sorry, but you'll never figure it out based on what deekay wrote.   I know what he's talking about, but I'll let deekay share it if he so chooses.   Nothing to do with annuities or "budgeting". 
May 21, 2009 1:41 am

[quote=Ominous]Sam,

  I'm sorry, but you'll never figure it out based on what deekay wrote.   I know what he's talking about, but I'll let deekay share it if he so chooses.   Nothing to do with annuities or "budgeting".  [/quote]   I didn't just fall off the broker truck.  I'm well aware of what he is talking about.  The post wasn't made to get deekay to share anything.  Thanks for your concern.
May 21, 2009 1:57 am

[quote=Sam Houston][quote=Ominous]Sam,

  I'm sorry, but you'll never figure it out based on what deekay wrote.   I know what he's talking about, but I'll let deekay share it if he so chooses.   Nothing to do with annuities or "budgeting".  [/quote]   I didn't just fall off the broker truck.  I'm well aware of what he is talking about.  The post wasn't made to get deekay to share anything.  Thanks for your concern.[/quote]   Just curious, what do you think I'm referring to?  I'll waive my consultation fee if you guess correctly.
May 21, 2009 2:00 am

You will waive a fee that I am not going to pay?  How generous.  The meaningful part of my last post was the next to last sentence.

May 21, 2009 2:01 am

No problem.  Anything I can do to help the simple people out.

May 21, 2009 2:03 am

Out of where?  Or did you mean “help out the simple people”?

May 21, 2009 2:04 am

Exactly.  Thanks for the English lesson, professor.

May 21, 2009 2:06 am

No problem.  Anything I can do to help out the simple people.

May 21, 2009 2:09 am

Ok, so we’re done with the slap-fight.

  What about my practice are you "well aware of"?  I'm curious to find out what you think you know.  So far you're a big oh-fer.
May 21, 2009 2:19 am

My clients like protection, promises, and guarantees.  So I sell fixed and variable annuities, life, and disability income insurance. 

  Let's start here.
May 21, 2009 2:32 am

[quote=Sam Houston]My clients like protection, promises, and guarantees.  So I sell fixed and variable annuities, life, and disability income insurance. 

  Let's start here.[/quote]   Sure.  They're the backbone for my practice.  Once we've got those in place, we move forward to other savings and growth vehicles.  Fixed and Variable Annuities have their place, but they're not all we use.  We use funds, SMAs, and many of my clients own businesses and investment real estate.   I'm still not sure what you're getting at, Sam.
May 21, 2009 3:07 am

[quote=etj4588]Need some different viewpoints here…

How would you proceed?
[/quote]

  I had two very nice households acat in this week that, according to my standards, would be considered UHNW relationships.   Yesterday, was the first time we discussed any products and only in relation to the IPS.  The accounts came about by continuing to do what you have already set in motion.  Keep building the relationship.  I would use soft touches on the UHNW prospect, but, would also really deepen the relationship with your existing client (the friend).  He may be the key to winning over the prospect.       
May 21, 2009 1:05 pm

[quote=Ominous]Sam,

  I'm sorry, but you'll never figure it out based on what deekay wrote.   I know what he's talking about, but I'll let deekay share it if he so chooses.   Nothing to do with annuities or "budgeting".  [/quote]   What the hell are you guys talking about?  How do you not outlive your money and pass on the largest estate amount without budgeting or utilizing annuities or insurance products of some sort?    
May 21, 2009 1:07 pm
maddog:

  Keep building the relationship.  I would use soft touches on the UHNW prospect, but, would also really deepen the relationship with your existing client (the friend).  He may be the key to winning over the prospect.   

  Agreed on building the relationship with the prospect, but the relationship with my current client couldn't be stronger.