At a social gathering or party, what do you say

May 7, 2009 4:53 pm

At a social gathering or party, like a wedding, birthday party, etc…what do you say when someone asks “What do you do?”.

  I want to let them know that I can likely help them but I don't want to come off as too forward during those social circumstances.
May 7, 2009 5:13 pm

[quote=haulin79]At a social gathering or party, like a wedding, birthday party, etc…what do you say when someone asks “What do you do?”.

  I want to let them know that I can likely help them but I don't want to come off as too forward during those social circumstances.[/quote]   It depends on what you do.  Is there anything you specialize in or do you mostly try to be as generic as possible?   Whatever you say, I would try to make it conversational.  If you say, "I'm a Financial Advisor" or "Wealth Manager", lump you with every other advisor.  You could say, "I help people not lose money in this market" or "I help people protect their money" or "I do safe money" or whatever you specialize in.
May 7, 2009 5:25 pm

You could just answer, Women

May 7, 2009 5:53 pm

[quote=Ron 14]

You could just answer, Women

[/quote]   That's funny.  I'm going to use that when I'm out prospecting at the bars next time.  Thanks Ron!
May 7, 2009 6:32 pm

I say I help people save for retirement, Save money on their taxes, plan for education… etc…

May 7, 2009 8:41 pm

i’m a legit bernie madoff

May 8, 2009 2:37 am

[quote=MISS JONES]I say I help people save for retirement, Save money on their taxes, plan for education… etc… [/quote]


Yawnnnnn…

May 8, 2009 1:01 pm

I just tell them I’m a financial advisor with Edward Jones.  Then they respond with “Oh yeah, I’m with (biggest producer in region)…” 

I respond with "great, he really knows what he's doing"  (ugh, why did I come to this stupid thing?)
May 8, 2009 3:30 pm

[quote=HAAIC]

[quote=MISS JONES]I say I help people save for retirement, Save money on their taxes, plan for education… etc… [/quote]Yawnnnnn…[/quote]



I don’t care if you think it’s boring… Guess what? This business is boring and we are boring. It works for me.



Miss J



May 8, 2009 3:43 pm

I agree with Miss Jones. I always tell people that exciting investments are overrated. The Chinese say “may you live in exciting times” as a curse.  Slow and steady wins the race.

May 8, 2009 4:00 pm

Miss Jones I notice your posts as of late have a little attitude to them.  I feel the same way, I'm tired of the bullsh*t, but you need to find your "happy place"  this last 18 months has been stressful for us all and have probably taken years off our lives.  I will disagree that this business we are in is boring and I know I'm definately not boring.  From what I read, you're not boring either, a little testy right now but not boring.  You don't really think the last couple of years have been boring do you?  I will also agree with half of Tenacious D, this may be a curse we are living in. 

May 8, 2009 11:23 pm

“f*** you. That’s who I AM!”

May 9, 2009 1:11 am

hmmm…is someonewouldntexpect another name for miss jones?
Otherwise, that last reply simply does not make sense.


May 9, 2009 2:16 am

[quote=Still@jones]hmmm…is someonewouldntexpect another name for miss jones?
Otherwise, that last reply simply does not make sense.

[/quote]

It does if you’ve ever seen Glengarry Glen Ross.

May 9, 2009 2:55 am

ah! saw it, didn’t like it…couldn’t take the whining about the “good leads”.
nobody likes a whiner…ain’t that right Miss Jones.

May 9, 2009 3:01 am

The answer depends on who asked the question. If a guy or girl with a young kid asked, you specialize in 529 College Savings Plans and helping young families prepare for the future.



If a retired couple asked, you specialize in helping active retirees put together a portfolio that provides them with the income they need to enjoy the lifestyle they desire.



If a wealthy middle aged person asked, you specialize in helping successful local business men and women minimize taxes and plan for an active retirement.



You get the point. You’re a specialist. What you specialize in depends on who you’re talking to.

May 9, 2009 3:08 am

Jack of all trades, master of none ?

May 9, 2009 3:10 am

just kidding

May 9, 2009 3:11 am

Master of one trade using a large bag of tools.

May 9, 2009 5:41 pm

[quote=MISS JONES] [quote=HAAIC]

[quote=MISS JONES]I say I help people save for retirement, Save money on their taxes, plan for education… etc… [/quote]Yawnnnnn…[/quote]



I don’t give a f*** it you think it’s boring… Guess what? This business is boring and we are boring. It works for me. What works for you ‘Brain Child’? I get loads of business from networking events. Maybe I just run with a better crowd than you! Don’t hold that against me. J/K



Miss J



[/quote]


Sounds like you DO give a f***.

May 9, 2009 6:27 pm
HAAIC:

[quote=MISS JONES] [quote=HAAIC]
[quote=MISS JONES]I say I help people save for retirement, Save money on their taxes, plan for education… etc… [/quote]Yawnnnnn…[/quote]

I don’t give a f*** it you think it’s boring… Guess what? This business is boring and we are boring. It works for me. What works for you ‘Brain Child’? I get loads of business from networking events. Maybe I just run with a better crowd than you! Don’t hold that against me. J/K

Miss J

[/quote]


Sounds like you DO give a f***.

  Are AA meetings considered social gatherings Bobby?
May 10, 2009 1:06 am

“I specialize in claiming to manage your money when all I really do is let someone else do it and you pay me a fee.”

May 10, 2009 5:06 pm

Please, trying to gather assets at a social event is just completely inappropriate. How many doctors do you meet and they say “I’m a physician, a proctologist to be exact, and I specialize on that part of your prostate that’s kind of oblong on the cranianium side. Next time your in town let me stick my finger up your ass”.

May 10, 2009 5:11 pm
MinimumVariance:

Please, trying to gather assets at a social event is just completely inappropriate. How many doctors do you meet and they say “I’m a physician, a proctologist to be exact, and I specialize on that part of your prostate that’s kind of oblong on the cranianium side. Next time your in town let me stick my finger up your ass”.

  When the money starts to hit my bank account, I don't give a f*ck where gathered the assets from.
May 10, 2009 5:23 pm
MinimumVariance:

Please, trying to gather assets at a social event is just completely inappropriate. How many doctors do you meet and they say “I’m a physician, a proctologist to be exact, and I specialize on that part of your prostate that’s kind of oblong on the cranianium side. Next time your in town let me stick my finger up your ass”.

  LOL ! Totally agree! When I hear some schmuck talking shop or selling his craft at a social event I immediately think that he sucks at what he does.
May 10, 2009 5:25 pm
MinimumVariance:

Please, trying to gather assets at a social event is just completely inappropriate. How many doctors do you meet and they say “I’m a physician, a proctologist to be exact, and I specialize on that part of your prostate that’s kind of oblong on the cranianium side. Next time your in town let me stick my finger up your ass”.

  If the doctors schedule wasn't full and they thought that the line would work, I imagine that most would say that.   At a social event, I'm not trying to gather assets, but I do on many occasions try to see who would make a good prospect. 
May 11, 2009 4:00 am
Thanks for your input. I can totally understand that point of view.   I guess he could say "I'm a physician." and if I was looking for a doctor, then I would ask what he specialized in and then make it a point myself to get in contact with him later.   So in our field, what I am finding is that many people don't have a clue what "I'm a financial planner" means...I think it's too vague a title. Whereas most everyone has at least a little clue what a physician does. That's why I asked the question in the first place.   [quote=MinimumVariance]Please, trying to gather assets at a social event is just completely inappropriate. How many doctors do you meet and they say "I'm a physician, a proctologist to be exact, and I specialize on that part of your prostate that's kind of oblong on the cranianium side. Next time your in town let me stick my finger up your ass".[/quote]
May 11, 2009 4:04 am
MinimumVariance, At a social event where it was not appropriate to sell your craft, what do you say to someone that asks what you do?   [quote=MinimumVariance]Please, trying to gather assets at a social event is just completely inappropriate. How many doctors do you meet and they say "I'm a physician, a proctologist to be exact, and I specialize on that part of your prostate that's kind of oblong on the cranianium side. Next time your in town let me stick my finger up your ass".[/quote]
May 11, 2009 10:16 am

If you are trying to prospect in a social setting, I think that it's more important to find out about them and whether they are someone with whom you would want as a client.  Let them talk about themselves instead. 

May 11, 2009 1:29 pm
jkl1v1n6:

Miss Jones I notice your posts as of late have a little attitude to them. I feel the same way, I’m tired of the bullsh*t, but you need to find your “happy place” this last 18 months has been stressful for us all and have probably taken years off our lives. I will disagree that this business we are in is boring and I know I’m definately not boring. From what I read, you’re not boring either, a little testy right now but not boring. You don’t really think the last couple of years have been boring do you? I will also agree with half of Tenacious D, this may be a curse we are living in.



You are right. I am normally the total optimist but this market hasn't allowed me that leisure. I am happy the market is ticking up but I feel it is a false start and so I am bracing myself the next fall. I haven't taken a vacation in two years. I felt bad about leaving my clients in their darkest financial hours to have fun on the beach or running around Europe. My pay has been cut, my hours have increased and I have lost tons of peoples money. That has to take a toll after some time. Now is that time.
I have taken it out on some posters here but seriously.. its the same story with new people asking the same sh*t all the time. I am just tired. Not just of those same ole questions but in general. I should be in a better mood in two weeks. That is when I will return from my first vacation in two years. I am so excited, but first I have to make some money so I can go..

I love Edward Jones and my job. I feel blessed to have the office that I do, the staff that I have and the clients that trust me. However, I am tired and need a restart.

Miss J
May 11, 2009 1:32 pm

I am with you 100%.  This has been a real drag.  I think we might all need a restart.  Enjoy your vacation!

May 11, 2009 1:43 pm
MISS JONES:

[quote=jkl1v1n6]

Miss Jones I notice your posts as of late have a little attitude to them.  I feel the same way, I’m tired of the bullsh*t, but you need to find your “happy place”  this last 18 months has been stressful for us all and have probably taken years off our lives.  I will disagree that this business we are in is boring and I know I’m definately not boring.  From what I read, you’re not boring either, a little testy right now but not boring.  You don’t really think the last couple of years have been boring do you?  I will also agree with half of Tenacious D, this may be a curse we are living in. 



You are right. I am normally the total optimist but this market hasn't allowed me that leisure. I am happy the market is ticking up but I feel it is a false start and so I am bracing myself the next fall. I haven't taken a vacation in two years. I felt bad about leaving my clients in their darkest financial hours to have fun on the beach or running around Europe. My pay has been cut, my hours have increased and I have lost tons of peoples money. That has to take a toll after some time. Now is that time.
I have taken it out on some posters here but seriously.. its the same story with new people asking the same sh*t all the time. I am just tired. Not just of those same ole questions but in general. I should be in a better mood in two weeks. That is when I will return from my first vacation in two years. I am so excited, but first I have to make some money so I can go..

I love Edward Jones and my job. I feel blessed to have the office that I do, the staff that I have and the clients that trust me. However, I am tired and need a restart.

Miss J [/quote]

If you're ever in Dallas, I'd be glad to give you a massage.
May 11, 2009 1:56 pm

Come on Ice, it’s Monday morning and as men we’re always thinking with the wrong part of our anatomy.  If it were coming from a guy he’d throw out the annuity bit. 

May 11, 2009 3:49 pm

I usually say that I help people manage their wealth. It works better with high net worth people who dont really want to hear that you help people plan for retirement because they usually have more than enough and don’t worry about retirement. It may be sound like a general statement but it always gets people to ask more questions.

May 11, 2009 4:06 pm
Bank of Amerrill:

I usually say that I help people manage their wealth. It works better with high net worth people who dont really want to hear that you help people plan for retirement because they usually have more than enough and don’t worry about retirement. It may be sound like a general statement but it always gets people to ask more questions.

  I have to disagree with this.  I have encountered a few people with net worth of $10MM, $20MM, and even $30MM.  They are concerned about their money lasting too, and more so their lifestyle.   When you have $1MM, you might have some nice cars.  When you have $20MM, you might have a private plane.  The only difference is the fuel.    People of all net worth levels have some concern of running out of money.   Off topic a little, but I remember a study done that asked people how much money someone needed to make to consider them "rich".  They asked people making $50k, they said rich people make $100k.  They asked people making $100k, they said rich people make $200k.  They asked people making $500k, they said rich people make $1MM.  The point was that generally people think others are "rich" when they make twice what they do...it's all relative.
May 11, 2009 5:45 pm

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May 11, 2009 8:06 pm
I guess I'm the anti prospecting type.  I very rarely tell anyone what I do, if I can avoid it. The less they know the more they want to know.  My wife always says exclusivity and a bit of mystery draws people to you.  It works. 
May 11, 2009 8:12 pm

[quote=bspears]

I guess I'm the anti prospecting type.  I very rarely tell anyone what I do, if I can avoid it. The less they know the more they want to know.  My wife always says exclusivity and a bit of mystery draws people to you.  It works.  [/quote]   I don't think anyone in this topic is saying they are outright prospecting at say a c***tail party.    It's just what to say when someone asks you what you do.  Obviously you aren't going to stand there like Helen Keller would and not say anything.    But yes, exclusivity works.  Reference Bernie Madoff or any dude who's good with the ladies.
May 11, 2009 8:19 pm

Oh…social gathering…is that like a church dinner or prom…I thought we were talking about a wine tasting or murder mystery dinner…country club social.  My bad…

  Point is our industry, along with lawyers, are some of the least respected.  If I come out and say I'm a "Financial Advisor"...I already have an uphill battle.  Get to know me and the wife after a few c***tails and some good food, maybe a stogie and then when it gets around to what you do, they will open up and invite your opinions.  Otherwise the response is ..yah..the market sucks, my broker is a dumbass.  Where do you go from there..."Is his name Spiff?"LOL
May 11, 2009 9:13 pm

And he responds, no his name is spears something or other.  You resemble him, but he’s a good 30lbs lighter and has more hair. 

May 11, 2009 10:38 pm

[quote=anonymous]

If you are trying to prospect in a social setting, I think that it’s more important to find out about them and whether they are someone with whom you would want as a client.  Let them talk about themselves instead. 

[/quote]

I thoroughly agree with this post.  If they ask make a brief specialization statement, “I help build multigenerational wealth” or whatever and switch the conversation back to them.  Get them to talk 95% of the time and get their card.  Then you can follow up with a nice note.  I suggest the book Endless Referrals as a good resource for pressureless prospecting.
May 11, 2009 10:48 pm

I tell them I am an independent financial planner.  You can watch the news and find out why I am indy.  

If they tell me they are with a wire. I say so you are enabling them. Waiting for them to screw up again. So who is at fault the next time you or them?  
May 11, 2009 10:55 pm

[quote=bspears]

I guess I’m the anti prospecting type.  I very rarely tell anyone what I do, if I can avoid it. The less they know the more they want to know.  My wife always says exclusivity and a bit of mystery draws people to you.  It works.  [/quote]

Do you find that the local Dungeons and Dragons players have a lot of investible assets?

I’m kidding, I’m kidding! Ice made me post that.



May 11, 2009 11:02 pm

[quote=Greenbacks]

I tell them I am an independent financial planner.  You can watch the news and find out why I am indy.  

If they tell me they are with a wire. I say so you are enabling them. Waiting for them to screw up again. So who is at fault the next time you or them?  [/quote]   So basically you are lying. If some guy was an advisor at Bear Stearns or Merrill the fact that the company itself screwed up has nothing to do with the advice he is giving to his clients.
May 12, 2009 3:46 am

I’m with Greenbacks.  I say, “I own my own independent and impartial financial advisory practice.  I have only one client–that is, my client.  Everything has come full circle in our business.”  If that grabs their attention, they’ll ask more.  But, try and turn the conversation back on them. 

May 12, 2009 4:22 am
Soothsayer:

I’m with Greenbacks.  I say, “I own my own independent and impartial financial advisory practice.  I have only one client–that is, my client.  Everything has come full circle in our business.”  If that grabs their attention, they’ll ask more.  But, try and turn the conversation back on them. 

  I agree.  As an indy, you can, and should, leverage that for all it's worth in this climate. 
May 12, 2009 3:35 pm
Soothsayer, Please excuse my ignorance, I don't understand the " I have only one client--that is, my client." part. Please explain, sincerely thanks!   [quote=Soothsayer]I'm with Greenbacks.  I say, "I own my own independent and impartial financial advisory practice.  I have only one client--that is, my client.  Everything has come full circle in our business."  If that grabs their attention, they'll ask more.  But, try and turn the conversation back on them.  [/quote]
May 13, 2009 3:17 am

I am not accountable to a branch manger, a regional manager, a divisional manager, a regional leader, an area leader, another general partner, god forbid some banker, worse yet a foreign banker, or anyone else–just my client.  Does that help?

May 13, 2009 4:17 pm

That makes perfect sense! I like it.

For me, I think my wife is the toughest boss/client I have, hahahaha.
May 14, 2009 3:55 am

[quote=Soothsayer]I’m with Greenbacks.  I say, “I own my own independent and impartial financial advisory practice.  I have only one client–that is, my client.  Everything has come full circle in our business.”  If that grabs their attention, they’ll ask more.  But, try and turn the conversation back on them.  [/quote]

Clever, smart. Separates you from the massive financial institutions that “so and so has said they’ve been reading about in the papers.”

May 14, 2009 9:30 pm

I think the oversight at Jones is a good selling point.
If someone asked to invest my money and told me he is the only one overseeing his actions, I’d tell Bernie to go pound sand.

May 14, 2009 10:10 pm

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May 14, 2009 10:27 pm
wind3574:

I agree Still@Jones. The oversight thing is a huge plus to clients who have advisors that are either the sole investment guy or whatever . Has worked quite well for me too.

Huh.  Very insightful.  Do you suppose that 'oversight thing' is the reason why no large financial firms ran into any trouble in the past year?    How many months have you been in the business?
May 14, 2009 11:46 pm

Let me respond: Huh? Huh?

Do you even know what caused this financial crisis? The retail brokerage business and retail banking business are quite sound in almost every company. Banks got sunk by their trading desks by being over-leveraged and tied up in complex derivative transactions. Comparing trading desk “oversight” to retail “oversight” is silly.

The oversight I promote (and that I am glad we offer) is: they make sure I only offer quality investments, make sure I do not churn a customers account, and protection from commingling or mishandling client’s funds. I believe this is all the oversight a retail customer needs.

May 15, 2009 12:20 am

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May 15, 2009 12:50 am

[quote=wind3574]Still @ Jones…Don’t worry, It doesn’t matter how good of a comment you leave,every comment you make will be bashed cause your a newbie…

  But I totally agree with you. There are alot of smaller firms and banks that have no compliance department here and only have maybe one individual that handles securities and it's a good selling point when they know someones watching over you... It's worked for me, regardless of what crap the vets give you about it...[/quote]
Do you honestly think that other firms don't have a compliance officer overseeing what they do? You really have no idea what you are talking about. Even worse you are misleading prospects and clients when you make that statement.....
May 15, 2009 1:02 am

Major financial institutions (AIG, Merrill, Citi) and Solo Acts ( Madoff, Stanford) have both been drilled in the media. If you are affiliated with any of them it is difficult to get around the fears people might have. Most advisors had absolutely nothing to do with the trading desks and the other mistakes that were made. Using that as a way to "sell" your advisory skills is a slippery slope and one that could easily backfire should something happen in the future. Im a bank rep at one of the few banks not bashed in the media, but I am not using that as a way to "sell" myself.

May 15, 2009 1:11 am

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May 15, 2009 1:55 am

I wasn't talking to you specifically. I am referring to any advisor who is going to rip on another firm because of something unrelated to the advisors at the firm. If I am competing with BofA for an investment client I am not going to bring up how they need government money as a way to place my bank on top of them. The tables could easily turn in future years.

May 15, 2009 1:58 am

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May 15, 2009 2:03 am

Everyone has someone watching the transactions being made in their clients accounts. Since everyone has a watchdog bringing it up it doesn't add any value to what you are offering.

May 15, 2009 2:06 am

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May 15, 2009 3:04 am

That is the clients fault. He obviously allowed for descretionary trading.

May 15, 2009 3:37 am

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May 15, 2009 3:45 am

It's funny, since I dropped the people looking over my shoulder, my clients are happier and making more money.  Hmmmmmm.

May 15, 2009 1:39 pm

Wind,



The fact that you are a rookie is not the problem. Your problem, to paraphrase a former president, is not that you are ignorant, but that you know so much that isn’t so.



At this point you have, at best, a cursory understanding of the regulatory and compliance environment that you have encountered in your short experience, and obviously almost no real understanding of the actual compliance requirements and practices in the various independent channels. Unfortunately you have demonstrated that you are not one to let mere ignorance deter you from sounding off.



You don’t even know what you don’t know, but based on what you think you know and your stated beliefs, you should really contemplate a move to Russia, where you could have even more people looking over your shoulder and watching you, which you have clearly stated is a good thing, and something that your are grateful for.



But I digress. We have seen this movie far too many times before, so we know how it ends. You will never seriously consider the most important thing that could help you - that you and your arrogant ignorance are your own worst enemy right now. Instead you will bluster about how you are different and how much more you know than all us clueless old farts and how good you are at this and how fast you started and how highly ranked you are compared to your peers. You will miss the irony that roughly 90% of these peers you are so proud of beating will soon wash out of the business.



You will protest that you are just trying to be part of the conversation, and ask if your opinion doesn’t count. And you will point out that you have personally witnessed experienced FAs not meeting your standards of intelligence or competence or ethics or whatever, ergo all experienced FAs are clueless. Finally you will whine about how negative vets on this forum are since they don’t respond to the rookie sensations as you would have them respond.



In short, you will likely do and say anything to avoid the one unpleasant reality that could save your career: that if you knew half as much as you think you do, you would be twice as likely to talk half as much and listen twice as much.



And next month, and the month after that, and the month after that, we will be subjected to yet more new hot shots just like you, each one certain that time began with them; each one masters of the universe just waiting to save the world. The names change, but the songs remain the same. It is worse than watching reruns of reruns.



So forgive us clueless old farts if we neglect to afford you the respect and homage that you believe ought to be yours by virtue of already becoming a legend in your own mind after several whole months of practice. It’s nothing personal, it’s just that we have already spent so much energy fawning over and applauding the hundreds of other winds who have blown through here in the past, and we have to save some energy for the next few gusts that are about due to blow in.

May 15, 2009 3:16 pm

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May 15, 2009 3:42 pm

Wind, what's the AUM of the office you took over?

May 15, 2009 3:47 pm
wind3574:

He did not allow for discretionary trading…The broker just flat out lied and said “I don’t know anything abut it and I’ve never heard of a 90 Day restrictions” lol…That was the problem…And how is it the clients fault if the broker placed last minute trades to try and get commission…

  What do you think is better for the client, loaded funds or a managed account, at say...1%?
May 15, 2009 4:20 pm

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May 15, 2009 5:04 pm

here is a question that hasn’t been asked of you wind, do you always liquidate and transfer the account ?

May 15, 2009 5:35 pm

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May 15, 2009 5:50 pm

Hmmm....define "necessary." 

May 15, 2009 6:12 pm

Let me help wind, he’s busy opening and transferring ALL of Merril Lynch retail client accounts. (Notice, all this and no BOA)

"I only liquidate whenever I can manipulate the hypo program to out perform the clients current assets"....duh...."If there is any hesitation, I bash the sh*t out of the former advisor and or company."  I hamburger the hell out of them.  I doorknock them everyday until they give in.  I pull a knife and get as many referrals I can.  I tell them I have a supurvisor who (along with 125 other EDJ's salespeople) watches every 25 BAC stock trades.  Som bithes...
May 15, 2009 7:12 pm

Are you sure you don't have a BOA, wind?

May 15, 2009 7:55 pm

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May 15, 2009 8:30 pm
Still@jones:

Let me respond: Huh? Huh?

Do you even know what caused this financial crisis? The retail brokerage business and retail banking business are quite sound in almost every company. Banks got sunk by their trading desks by being over-leveraged and tied up in complex derivative transactions. Comparing trading desk “oversight” to retail “oversight” is silly.

The oversight I promote (and that I am glad we offer) is: they make sure I only offer quality investments, make sure I do not churn a customers account, and protection from commingling or mishandling client’s funds. I believe this is all the oversight a retail customer needs.

Another boy wonder with what likely amounts to entire months of experience attempting to explain things he himself doesn't begin to grasp.      Spare us.    Why don't you, wind and BiLo get together for lunch Monday and solve all of the industry's problems?  That would leave you the rest of the week to fix the rest of the world's problems.
May 15, 2009 8:47 pm

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May 15, 2009 9:41 pm
wind3574:

You guys really are good at spinning words around…No wonder your vets! “Oh absolutely not, you don’t pay any commission on those B shares”!!..LOL or even better…silence…

5 years later…The client is confused enough to actually believe he didn’t pay anything for it…

That was certainly profound.  What you call "spinning words" others simply call the turth.    I won't even honor your silly little wimper about B Shares with a response.  That's just weak.  If I were naive enough, like you, to believe that one form of FA compensation was inheherntly more ethical than another, I would make a big deal about the fact that I don't even do A shares, much less B shares.  But I don't want to confuse you any more than you already are.   B shares ...
May 15, 2009 9:44 pm
Morphius:

[quote=Still@jones]Let me respond: Huh? Huh?

Do you even know what caused this financial crisis? The retail brokerage business and retail banking business are quite sound in almost every company. Banks got sunk by their trading desks by being over-leveraged and tied up in complex derivative transactions. Comparing trading desk “oversight” to retail “oversight” is silly.

The oversight I promote (and that I am glad we offer) is: they make sure I only offer quality investments, make sure I do not churn a customers account, and protection from commingling or mishandling client’s funds. I believe this is all the oversight a retail customer needs.

Another boy wonder with what likely amounts to entire months of experience attempting to explain things he himself doesn't begin to grasp.      Spare us.    Why don't you, wind and BiLo get together for lunch Monday and solve all of the industry's problems?  That would leave you the rest of the week to fix the rest of the world's problems.[/quote]   Morphius, I think you should leave BiLo alone.  He just had a couple of simple questions for us to research for him.
May 15, 2009 10:26 pm
Morphius:

[quote=Still@jones]Let me respond: Huh? Huh?

Do you even know what caused this financial crisis? The retail brokerage business and retail banking business are quite sound in almost every company. Banks got sunk by their trading desks by being over-leveraged and tied up in complex derivative transactions. Comparing trading desk “oversight” to retail “oversight” is silly.

The oversight I promote (and that I am glad we offer) is: they make sure I only offer quality investments, make sure I do not churn a customers account, and protection from commingling or mishandling client’s funds. I believe this is all the oversight a retail customer needs.

Another boy wonder with what likely amounts to entire months of experience attempting to explain things he himself doesn't begin to grasp.      Spare us.    Why don't you, wind and BiLo get together for lunch Monday and solve all of the industry's problems?  That would leave you the rest of the week to fix the rest of the world's problems.[/quote]

Yeah, Months of experience, and I already know more than you!

you never said what was wrong with my answer.
May 15, 2009 10:51 pm
Sam Houston:

Morphius, I think you should leave BiLo alone. He just had a couple of simple questions for us to research for him.


You’ve been in rare good form lately, my friend.   



Just subtle enough so that the poor young lad doesn’t even catch the joke. Very entertaining!   

May 15, 2009 11:57 pm

[quote=Still@jones]

[quote=Morphius][quote=Still@jones]Let me respond: Huh? Huh?Do you even know what caused this financial crisis? The retail brokerage business and retail banking business are quite sound in almost every company. Banks got sunk by their trading desks by being over-leveraged and tied up in complex derivative transactions. Comparing trading desk “oversight” to retail “oversight” is silly.The oversight I promote (and that I am glad we offer) is: they make sure I only offer quality investments, make sure I do not churn a customers account, and protection from commingling or mishandling client’s funds. I believe this is all the oversight a retail customer needs. [/quote]

Another boy wonder with what likely amounts to entire months of experience attempting to explain things he himself doesn’t begin to grasp.



Spare us.



Why don’t you, wind and BiLo get together for lunch Monday and solve all of the industry’s problems? That would leave you the rest of the week to fix the rest of the world’s problems.[/quote]Yeah, Months of experience, and I already know more than you!you never said what was wrong with my answer.[/quote]

My bad. I was wrong on the months part.   Not months.    Not weeks.   Not even DAYS!   You’re not even out of training yet, but you know more than - and are going to 'splain - to those of us who have been practicing probably as long a you’ve been alive, what happened:



[quote=Still@jones] Why can’t i have an honest, aggressive, sexy trainer?Mine reminds me of Elmer Fudd![/quote]



It never even occurred to me that someone not even out of training would feel the need to lecture to those who have actually been making a living for years doing what they hope to one day BEGIN doing.



Amazing.   



I sure do miss the good old days when, like you, I knew absolutely everything there was to know.
May 16, 2009 12:18 am

.

May 16, 2009 12:36 am

Wind,



Yawn. I’ve made smarter things than you by eating fiber, lad.

May 16, 2009 12:39 am

.

May 16, 2009 12:53 am
Morphius:

[quote=Sam Houston]Morphius, I think you should leave BiLo alone.  He just had a couple of simple questions for us to research for him.[/quote]
You’ve been in rare good form lately, my friend.   

Just subtle enough so that the poor young lad doesn’t even catch the joke. Very entertaining!   

  The beatdown was memorable and this is simply my way of saying thanks, that sh*t was funny.
May 16, 2009 12:55 am

I’m not surprised you’re reduced to guessing. You obviously don’t know enough to do more than guess.



Why don’t you go back to trying to impress trainees like still@jones. They’re much more your speed. The rest of us have seen your act many times before.





May 16, 2009 12:59 am

.

May 16, 2009 1:02 am
wind3574:

[quote=Morphius] I’m not surprised you’re reduced to guessing. You obviously don’t know enough to do more than guess.

Why don’t you go back to trying to impress trainees like still@jones. They’re much more your speed. The rest of us have seen your act many times before.


[/quote]
Because it’s much more fun to waste the time of a vet like you, who ran out of cheetos at your desk. So your on Registered Rep…worrying about what I am saying…

  He has time as his business is established.  You don't have the time.  Ironic.
May 16, 2009 1:04 am

.

May 16, 2009 1:06 am

Real Vets aren't struggling. Vets at Jones who have only sold American Funds, 30yr corporates, and BAC stock are struggling.

May 16, 2009 1:08 am

.

May 16, 2009 1:10 am
wind3574:

Does he have time?..or is that why alot of vets are struggling…because they have “time”…

Thats pretty ironic…plenty of posts of how vets don’t have time to prospect…make house calls…etc…but he has “time”…hmmm…awkward?..

  I don't know any vet that does not have time to prospect, I know plenty that don't have too though.  As far as house calls, does your doctor or lawyer make house calls?  What would you think of them if they did?
May 16, 2009 1:12 am

.

May 16, 2009 1:17 am

I’m sure you would think house calls where great, for the majority of us it would lump a doctor in with vacuum salesman, girl scouts, and Jones reps.

May 16, 2009 1:21 am

.

May 16, 2009 3:53 am
wind3574:

I’m not talking about doorknocking…I’m talking about house visits…has nothing to do with a salesman…

People bad mouth what works…thats why I expect to keep hearing Jones comments…Many people happy at Jones…and I’m sure many making 10x more than everyone on this site…

  Ten times more?  Don't you think that's a little, "My Dad makes more than your Dad?"
May 16, 2009 4:18 am

.

May 16, 2009 11:04 am

Hi…Good morning everyone…So this is what it’s like to write like wind…I’m going for a run…Is this what people do when they don’t learn proper punctuation…

May 16, 2009 11:24 am

Run.... like.... the.... wind....!

May 16, 2009 2:03 pm

.

May 16, 2009 2:32 pm

The answer is that, quite frankly, it makes you look dumb.  Putting periods when there should be a question mark is not a generational thing.  It's an intelligence thing.

It doesn't matter if you care or not.  If you didn't care, but had good grammar, puctuating properly would be instinctual and take no effort.  Incorrect punctuation takes effort for someone who knows how to use it properly.  By the same token, it's easier to spell correctly than incorrectly for someone who can spell.

May 16, 2009 2:50 pm
wind3574:

Why the hell would I care about using proper punctuation on this forum. You obviously didn’t grow up in my generation. Same reason you don’t always use proper table manners at home…

Ever think maybe your generation is the product of:   1)  A failed education system and,   2)  Dual income families where the parents did not have the time or the inclination to help their children advance their communication skills?   Do you suppose that is why you sound "retarded" (you and Spiff love to use that word) when you communicate? It shows laziness and lack of class and understanding when you use terms such as that.  There are really 2 choices here.  Either you are stupid or you just don't care how you come across.  Either way, it's shameful.
May 16, 2009 2:59 pm

And Wind, if you are as great as you think you are why not just go Indy right now ? You don’t need Jones to take 65% from you. Why use them as a crutch ? If you are doing Seg 3 numbers out of the gate and that will obviously be sustained (in your mind) , keep it for yourself.

May 16, 2009 3:41 pm

[quote=Morphius] Wind,



The fact that you are a rookie is not the problem. Your problem, to paraphrase a former president, is not that you are ignorant, but that you know so much that isn’t so.



At this point you have, at best, a cursory understanding of the regulatory and compliance environment that you have encountered in your short experience, and obviously almost no real understanding of the actual compliance requirements and practices in the various independent channels. Unfortunately you have demonstrated that you are not one to let mere ignorance deter you from sounding off.



You don’t even know what you don’t know, but based on what you think you know and your stated beliefs, you should really contemplate a move to Russia, where you could have even more people looking over your shoulder and watching you, which you have clearly stated is a good thing, and something that your are grateful for.



But I digress. We have seen this movie far too many times before, so we know how it ends. You will never seriously consider the most important thing that could help you - that you and your arrogant ignorance are your own worst enemy right now. Instead you will bluster about how you are different and how much more you know than all us clueless old farts and how good you are at this and how fast you started and how highly ranked you are compared to your peers. You will miss the irony that roughly 90% of these peers you are so proud of beating will soon wash out of the business.



You will protest that you are just trying to be part of the conversation, and ask if your opinion doesn’t count. And you will point out that you have personally witnessed experienced FAs not meeting your standards of intelligence or competence or ethics or whatever, ergo all experienced FAs are clueless. Finally you will whine about how negative vets on this forum are since they don’t respond to the rookie sensations as you would have them respond.



In short, you will likely do and say anything to avoid the one unpleasant reality that could save your career: that if you knew half as much as you think you do, you would be twice as likely to talk half as much and listen twice as much.



And next month, and the month after that, and the month after that, we will be subjected to yet more new hot shots just like you, each one certain that time began with them; each one masters of the universe just waiting to save the world. The names change, but the songs remain the same. It is worse than watching reruns of reruns.



So forgive us clueless old farts if we neglect to afford you the respect and homage that you believe ought to be yours by virtue of already becoming a legend in your own mind after several whole months of practice. It’s nothing personal, it’s just that we have already spent so much energy fawning over and applauding the hundreds of other winds who have blown through here in the past, and we have to save some energy for the next few gusts that are about due to blow in.

[/quote]



I guess I forgot to mention that you would also start babbling incoherently in multiple directions at once, prattling on about silly made up “issues” like why does such-and-such a person have time to post here (ouch, there’s a zinger!), and so-and-so eats chips at his desk (now THERE is a critical issue that someone needs to get to the bottom of FAST!), and - why not? - throw out something about B shares and impugn the ethics and morals of everyone in the business other than you, blah, blah, blah.



Much easier to toss out a bunch of irrelevant, mindless spittle every which way at once than it is to actually stay on topic and engage the real issues, which you are unable to discuss anyway. It’s like watching a child caught with his hand in the cookie jar start rattling on in an attempt to distract. Juvenile and pathetic.



Maybe you will understand if I put it to you in your native tongue:



yore … reel … problum … is … NOT … that … you … r … a … rookie … ur … prollum … is … you … want … two … pretend … even … 2 urself … that … u … allreedie … no … evry thing … u kneed … to … no … and … witch … tuk … years … 4 the …rest … of … us … 2 … lurn…



in … short … ur … prblm … is … not … vets … or … me … or … others … here … it …is …U.



The good news is that it is a problem that is easily corrected, as it relies entirely on you. The bad news is most people suffering from this problem lack the maturity and strength to do what is necessary to correct it.



OK, this is where you can respond with some other mindless,irrelevant barb in another futile attempt to distract from your uncomfortable reality.    





May 16, 2009 3:52 pm

.

May 16, 2009 4:06 pm

Wind, of course you are flattered.  He wrote about you.  For you, this board isn’t about trying to be helpful to others or even to learn.  It’s about being the center of attention.  I’m glad that we can accomodate that need of yours. 

  By the way, that trait probably makes Jones a good place for you.  You need to be recognized for what you do and you'll get much more recognition at a place like Jones than many other places.   (That isn't meant as any sort of negative towards Jones.)
May 16, 2009 4:10 pm
wind3574:

lol…Morphius, I am flattered. You wasted half a page on me!


Wasted is exactly right. Anything and everything done for YOU is wasted. But you miss the point entirely: I was never writing for you. This isn’t about YOU. This was NEVER about you. You are irrelevant, and beyond hope anyway.   



Fortunately, other rookies with more brains and honesty than you will also read those words, not just today but in the future, and some will take them to heart and be better for them. For those people, nothing was wasted. You, like other idiots before you, have already served your purpose:



May 16, 2009 5:10 pm
Morphius:

[quote=wind3574] lol…Morphius, I am flattered. You wasted half a page on me![/quote]
Wasted is exactly right. Anything and everything done for YOU is wasted. But you miss the point entirely: I was never writing for you. This isn’t about YOU. This was NEVER about you. You are irrelevant, and beyond hope anyway.   

Fortunately, other rookies with more brains and honesty than you will also read those words, not just today but in the future, and some will take them to heart and be better for them. For those people, nothing was wasted. You, like other idiots before you, have already served your purpose:

         
May 16, 2009 7:04 pm

Spiff and B24 must be so proud.

May 16, 2009 9:11 pm

.

May 16, 2009 10:02 pm
wind3574:

Of course, i don’t think it’s really wasting it, because it gives you something to do…since you have time and all…


Oh, my.   That sure set ME straight, didn’t it?! Having time on a Saturday and all.   



No matter how hard you might try, you’re still clueless AND irrelevant.





May 16, 2009 10:18 pm

.

May 16, 2009 10:28 pm
wind3574:

but i’m still wasting your time:)


And that will no doubt be the crowning achievement in your life.



   

May 16, 2009 10:47 pm

At a social gathering or party, like a wedding, birthday party, etc…what do you say when someone asks “What do you do?”.

  I want to let them know that I can likely help them but I don't want to come off as too forward during those social circumstances.
May 16, 2009 11:15 pm
Morphius:

[quote=wind3574] but i’m still wasting your time:)[/quote]
And that will no doubt be the crowning achievement in your life.

   

  I am going to have to disagree Morphius, touring with GnR is his crowning achievement.
May 16, 2009 11:51 pm

.

May 17, 2009 12:23 am
More evidence of your towering intellect. The expression, lad, is “crowning” achievement, not “crown.” But you would have had to stay in school past 8th grade to learn that, and we already know from your amazing grasp of punctuation, capitalization and spelling that you never got that far. You probably have to resort to initials for a first name so you don’t spell it wrong.



2. If wasting our time here is anywhere in your top 100 achievements, you’re even more pathetic than I had imagined.



May 17, 2009 12:33 am

He might be a king of some small country, so it would be a crown achievement.

May 17, 2009 1:49 am

.

May 17, 2009 2:19 am

Well Wind you definately have a fan club.

May 17, 2009 2:23 am

.

May 18, 2009 2:46 pm

wind:  You were a successful musician and you chose to give it up and become an advisor.  What gives?

I asked you once before and you never responded:   What are you telling people that so moves them to transfer accounts to you at the doorstep?   What investment(s) are you using?
May 18, 2009 9:19 pm
Searay79:

Well Wind you definately have a fan club.

It would only be appropriate that windy's fan club would be composed of other people who can not even spell.    Definitely appropriate, Rain Man.  Definitely.    But .... you .... really .... need .... to .... work .......... on .... your...............punctuation..... too!
May 21, 2009 6:29 am

.

May 21, 2009 12:45 pm

windy … guess … the … truth … hurts …

May 24, 2009 2:45 am

Pot meet kettle Morpheus…

May 24, 2009 3:55 pm
Searay79:

Pot meet kettle Morpheus…


Dumb, meet dumber.



Maybe if you were not so new or could read old posts you would already know the answer to this: that someone might actually INTENTIONALLY choose a user name that is close to, but not identical in to, a well known name.



Although perhaps that’s not the case in your situation, Sea_Ray, it is DEFINITELY the case with at least some others.



Are you really sure you want to make your bed with the likes of windy, who thanks to his own attitude is unlikely to ever receive any help from vets here? Or do you think it might make more sense to not intentionally alienate those who could easily help you?



Your call. It doesn’t much matter to me.



May 25, 2009 8:28 pm
Morphius:

[quote=Searay79] Pot meet kettle Morpheus…[/quote]
Dumb, meet dumber.

Maybe if you were not so new or could read old posts you would already know the answer to this: that someone might actually INTENTIONALLY choose a user name that is close to, but not identical in to, a well known name.

Although perhaps that’s not the case in your situation, Sea_Ray, it is DEFINITELY the case with at least some others.

Are you really sure you want to make your bed with the likes of windy, who thanks to his own attitude is unlikely to ever receive any help from vets here? Or do you think it might make more sense to not intentionally alienate those who could easily help you?

Your call. It doesn’t much matter to me.

Where did I say I had Windy's back?  Morphius, the sarcasm has you...

  If I alienate you because I misspelled a word or forgot to put a comma in a forum post than so be it. I am not perfect, and this is not an English class.   Edit: Just in case you miss the point of the above post, RELAX... It's a public forum after all . It's not personal.
May 26, 2009 11:02 am

[quote=Searay79] Where did I say I had Windy’s back? Morphius, the sarcasm has you…





If I alienate you because I misspelled a word or forgot to put a comma in a forum post than so be it. I am not perfect, and this is not an English class.



Edit: Just in case you miss the point of the above post, RELAX… It’s a public forum after all . It’s not personal.[/quote]

This may not be an English class, but if people “miss the point” of what you have written, it may be precisely because you have not written clearly enough to accurately convey your point and the tone you intended.



We can’t hear your tone of voice or see your expression. All we have to go on is the written word, including spelling and punctuation. That is why it matters exactly what you write and how you write it - because we can’t read your mind, only your words exactly as you write them. So choose them carefully, especially when you opt to join in a heated discussion such as we were having with windbag, or blithely toss in a ‘pot meet kettle’ type of remark.