Month One - go or stay?
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Skippy, I understand what you went through. But looking at the brighter side of things... Aren't you glad you found out only 1.5 years into your relationship with that broker, rather than found out 5-6 years later???
[quote=skippy][quote=Robinhood]I ditto a lot of the sentiments on this issue. Go back and leave your aggravations that you will face at the door! Plus, your $40 Million SR producer is not really a SR producer! If he/she was $100 Million + then you are talking about a worthwhile partnership. But a $40 Mill isn’t going to get you far.
He/she will end up using you for all the cold-calls in the world then you will walk out without your SR even telling you to leave! He/she would have gotten cheap labor and increased his book size while you did all the work. But ultimately, you would get burned out by it all to leave it behind for your SR to enjoy. [/quote] This is EXACTLY what happened to me. I helped a senior guy increase his book from $35m to about $65m in 1.5 years (well, we BOTH did it) and I left out of frustration because I ULTIMATELY WORKED FOR HIM. When it came time to discuss my partnership split, well, I wasn't even included in the discussion. It was decided FOR me. So I left to go to a firm where I would decide how much I get paid (by my own activities and sales).[/quote] Skippy, I understand what you went through. But looking at the brighter side of things... Aren't you glad you found out only 1.5 years into your relationship with that broker, rather than founding out 5-6 years later???Thanks Icecold. Are their any firms out there that support a fee-based/performance-based compensation model that would entertain a part time advisor? I haven’t come across anyone.
[quote=falcon411]Thanks Icecold. Are their any firms out there that support a fee-based/performance-based compensation model that would entertain a part time advisor? I haven’t come across anyone.[/quote]
Either you’re a troll or you just aren’t getting what we’re trying to tell you. This is not a part-time hobby. Why in the world would someone trust you to handle their money if you weren’t doing it full time?
<SPAN =msgSidePro id=userPro88742 title=“View Drop Down” =“showDropDown’userPro88742’, ‘proMenu88742’, 160, 0;”>falcon411,
Pich up the phone and make a few hundred cold calls. You will find out quick if you have the stones to even bother.