Maybeeee, why do you think I would want the passwords to the website? What use would I have for them?



Are you bright enough to grasp this.



Roger is posting things directly on that site, while claiming that he is actually a huge success as an insurance salesman.



Does it occur to you that perhaps he’s nothing more than the webmaster

for that site? Whose only knowledge of what goes on in a sales office

of any type of firm is what he reads on that and this message board?



If you wanted to put a video clip on the Raymond James website would you be able to do it without passwords?



Do you ever find yourself muttering, “Damn I have to stop embarassing myself?”

LOOK at this dork.  He posts a response four minutes after I posted.  He must have the screen up all day.  LOSER. 

It must be impossible for you to scurry around to all of the forums and make a feeble comback attempt.

Get a job.  You would be better at almost anything beside a job as a financial advisor.

AMEX.sux read all about Put and his miserable company.

[quote=Roger Thornhill]

[quote=SaySo]

Great advice Roger.

One
company that does that and offered me a position is AXA Advisors, in
NYC. They bought Equitable a couple of years ago are starting to brand
themselves in the US.

The thing I didnt like about them is that
you are only hired after you pass the licensing exams, which you
complete on your own, without being an employee in their peyroll. It’s
a great opportunity for someone switching careers but I can’t really
stay 2-3 months without compensation.

AXA MANDATES joint work
for the first 2 years, where you share commissions with the more senior
broker working with you. But their payout rate seems generous; you get
to keep 100% of commissions (which I don’t understand how this works
for them) or pay a senior broker 10-25% of that commission in joint
work.

Also, they say you are a STATUTORY EMPLOYEE, so you can
claim some business expenses in your taxes. (what are the downsides to
this status???).

They also charge a desk and computer fee (approx. 110-150 a month for both).

They were very different from the other companies I interviewed (MS, UBS, AGE) and a little different from another (AEFA).

Any insights?

Thanks.
[/quote]

A statutory employee is different from a common law employee, which is what most people are.

Statutory allows them to match and withhold FICA/Medicare taxes, AND makes you eligible for their benefit plans, but otherwise, you're on your own. Generally speaking, this is an UPside to being in the career distribution channel.

The downside of that firm is you're generally going to be stuck with FYC limits of NY laws. They aren't as generous as the comp plans of companies not selling in NY state.

For newbys, charging fees for a desk, etc., is ridiculous, IMO. But, that's common with some companies (NML does it, which I find terrible).

When I started, I paid zero, and all the basics were provided (desk, office, phone, minimal admin support). With production, that increased for me to a full time assistant, and some other perqs.

In the old days, new agents in the career channel were given a validated draw/salary. Retention was much higher then, than it is now. Along came a wave of dime-a-dozen MBA types who had never sold anything, and the systems that had worked for generations were destroyed. This is why there's virtually no new blood coming in, and what does, isn't staying.

It's not because one can't make a fantastic living, it's because the knowledge and skills required aren't being taught, because those in the position to teach don't possess them. I blame Mecca.

[quote=Put Trader]

[quote=SaySo]



Great advice Roger.



[/quote]



If you were 26 instead of 25 you would have laughed in the idiot’s face.  Ah the innocence of youth.

[quote=SaySo]


It’s a great opportunity for someone
switching careers but I can’t really stay 2-3 months without
compensation.



[/quote]



One wonders why the resident brain trust, Roger, doesn’t offer the
advice that embarking on a sales career without a nest egg capable of
holding the wolf at bay for at least six months is not a good idea.

[/quote]



Thanks for the words Put. I do have a nest egg that can last 6 months.
I also do work on weekends and bring enough to pay my rent. I just
can’t (more like don’t want to)  stay 3 months without earning
money.



Thanks for the words.

[quote=Put Trader]I want the passwords to the website like I want a dose of clap.[/quote]

It sounds like you speak from experience. You should stay away from those street walkers.

Put, guess what?  It is all not about you.

This is supposed to be about training.  Why don't you enlighten us about the training at your company??