Official Press Conference

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Sep 27, 2006 11:59 pm

"I've called all of you from the media here today because I am announcing my retirement from the Registered Rep forum."  (shock and awe in the audience, gasps)


"The reasons for my decision are due to the fact I find that I can not reach certain personal levels of achievements while I routinely find myself losing an hour throughout the day reading and responding to post that are 90% irrelevant garbage from people not in the business, people who shouldn't be in the business, or people now out of the business that wish they were back in (no names needed)."


"I appreciate the 10% of you that have contributed positively to this forum, and I wish all of it's members well.  I look forward to my retirement, where I will spend it talking to clients, making phone calls, placing trades, and generally making more money.  My career here has been a good distraction, but as they say, all good things must come to an end."


"I will not be taking any questions, and I appreciate your attendence."


(rush of questions, bulbs flashing)



Sep 28, 2006 12:10 am

Good. Go away.

Sep 28, 2006 12:22 pm
BankFC:

.... post that are 90% irrelevant garbage



If this keeps up The Rep will probably just shut down the forum.

Sep 28, 2006 7:51 pm

Listen, if you spend an hour on these boards, you absolutely should either limit yourself to 15 minutes per day or abstain completely.


I spend no more than 15 minutes a day on these boards (M-F). And I don't hit every topic and I avoid replying to trolls. And I very rarely ever visit these boards during working hours. (Note for newbies: Trainee working hours are 7:30AM to 9:00PM.)

Sep 28, 2006 8:57 pm

Doberman,



Why would anyone work 13 or 14 hour days? It is unproductive and a waste of time. Unless they are volunteering, at a networking event or hosting a seminar they should go home and exercise, read or have relations with their spouses.



This work a million hours BS has got to go. I know everyone hates the bank, it sucks,etc but I rarely work 8 hours, never have I worked more than 10. I can walk into SB, ML and get a check for 500K today, can you? I have a half million reasons to leave the bank (probably more) and I am staying put, tell ya anything rookies?

Sep 28, 2006 9:02 pm

Why would a real firm with real brokers lay down half a million to a guy whose assets are stuck at a bank in fixed annuities? Is it your under 8 hours/day work ethic?

Sep 28, 2006 10:44 pm

HS I can take the check any time I want to, I just don't want to leave the environment I find rewarding. I have a total of maybe 20 annuity contracts in my entire book, nice try. How about you? Last time I checked all you wrote was IA's and VA's.



Bill Bachrach wrote in a recent article it should take 3-5 years to build a "smart" business and after that you should be able to run that business by working 3 days a week because you use systems. I don't think I could work three days a week yet, but that is my long term plan. I sense jealousy in your words.

Sep 29, 2006 12:34 am
BankFC:

"I will not be taking any questions, and I appreciate your attendence."





"One question, one question, FC. Did you finally realize that real brokers

and advisers regard you as nothing more than a cheese-d*ck fixed-annuity

pitchman, and didn't give a crap about what you had to say about anything.

Is that why you're leaving?"



(No answer, no comment, whatever)



Because if it is, don't let the door hit 'ya where the good Lord split 'ya.

You cheap suit wearing, where tellers go when they grow up, community

college graduate with a degree in Business Administration flunkie! Now, go

screw some old lady out of her life savings. Loser!"

Sep 29, 2006 1:03 am

I don't quite understand much of the vitrol in this thread.    I echo almost all of what bankrep1 has previously stated.     If you enjoy this business and you are lucky/smart enough to find your own niche who's to criticize whether it's in a wirehouse, indy or bank platform?


I try to stress to my clientele that life is all about balance.  It would be hypocritical of me to put in 55 hour weeks.


Why do bank brokers have the reputation that all we are allowed to present to clientele are fixed annuities?    I have never even solicited a fixed annuity (or VA) in the short tenure I have run my practice.


Work smart; not hard


scrim

Sep 29, 2006 1:06 am

lack of spellcheck alert:


vitriol


If I'm going to use an SATlike word I should have the decency to correctly spell it.


My apologies in advance.


Scrim

Sep 29, 2006 8:25 am
bankrep1:

HS I can take the check any time I want to, I just don't want to leave the environment I find rewarding. I have a total of maybe 20 annuity contracts in my entire book, nice try. How about you? Last time I checked all you wrote was IA's and VA's.

Bill Bachrach wrote in a recent article it should take 3-5 years to build a "smart" business and after that you should be able to run that business by working 3 days a week because you use systems. I don't think I could work three days a week yet, but that is my long term plan. I sense jealousy in your words.


Interesting...this "business" that you're building...can you sell it?

Sep 29, 2006 9:09 am

Vitriol is an SATlike word?



Would everybody who could pick up a check for half a million, but simply don't want to, please raise your hands.

Sep 29, 2006 9:28 am
Soon 2 B Gone:

Vitriol is an SATlike word?

Would everybody who could pick up a check for half a million, but simply don't want to, please raise your hands.


I could, but why take a check to have my income cut in half and have a boss?

Sep 29, 2006 11:00 am
bankrep1:

Doberman,

Why would anyone work 13 or 14 hour days? It is unproductive and a waste of time. Unless they are volunteering, at a networking event or hosting a seminar they should go home and exercise, read or have relations with their spouses.

This work a million hours BS has got to go. I know everyone hates the bank, it sucks,etc but I rarely work 8 hours, never have I worked more than 10. I can walk into SB, ML and get a check for 500K today, can you? I have a half million reasons to leave the bank (probably more) and I am staying put, tell ya anything rookies?


Sorry, BankFC, I know enough about bank biz to know your book isn't locked into fixed annuities, but I'm also aware you'd never get a check of that size. Wirehouses know how low a percentage of your book (coming from a bank) will move and they suspect just what you said when it comes to work ethic.


Sep 29, 2006 11:02 am
Soon 2 B Gone:



Would everybody who could pick up a check for half a million, but simply don't want to, please raise your hands.



Here. Why, did you have a question?

Sep 29, 2006 11:06 am
mikebutler222:
bankrep1:

Doberman,

Why would anyone work 13 or 14 hour days? It is unproductive and a waste of time. Unless they are volunteering, at a networking event or hosting a seminar they should go home and exercise, read or have relations with their spouses.

This work a million hours BS has got to go. I know everyone hates the bank, it sucks,etc but I rarely work 8 hours, never have I worked more than 10. I can walk into SB, ML and get a check for 500K today, can you? I have a half million reasons to leave the bank (probably more) and I am staying put, tell ya anything rookies?


Sorry, BankFC, I know enough about bank biz to know your book isn't locked into fixed annuities, but I'm also aware you'd never get a check of that size. Wirehouses know how low a percentage of your book (coming from a bank) will move and they suspect just what you said when it comes to work ethic.




Amen.

Sep 29, 2006 7:20 pm

You'll notice that my response of "trainee working hours being 7:30AM to 9:00PM" was directed toward trainees, not experienced FA's. As for its relevance to trainees, I've never known a trainee who truly worked those hours and failed. Just sayin'...

Sep 29, 2006 8:49 pm
mikebutler222:
bankrep1:

Doberman,

Why would anyone work 13 or 14 hour days? It is unproductive and a waste of time. Unless they are volunteering, at a networking event or hosting a seminar they should go home and exercise, read or have relations with their spouses.

This work a million hours BS has got to go. I know everyone hates the bank, it sucks,etc but I rarely work 8 hours, never have I worked more than 10. I can walk into SB, ML and get a check for 500K today, can you? I have a half million reasons to leave the bank (probably more) and I am staying put, tell ya anything rookies?


Sorry, BankFC, I know enough about bank biz to know your book isn't locked into fixed annuities, but I'm also aware you'd never get a check of that size. Wirehouses know how low a percentage of your book (coming from a bank) will move and they suspect just what you said when it comes to work ethic.




Darn it Mike, you made me come out of retirement.  The comment about the $500,000 check was made by BANKREP1, not BankFC.  If your going to dispute someone's comment as to the state of offers on the table, AT LEAST ADDRESS THE CORRECT POSTER. 


Sep 29, 2006 8:50 pm
Soothsayer:
BankFC:

"I will not be taking any questions, and I appreciate your attendence."





"One question, one question, FC.  Did you finally realize that real brokers
and advisers regard you as nothing more than a cheese-d*ck fixed-annuity
pitchman, and didn't give a crap about what you had to say about anything. 
Is that why you're leaving?"



(No answer, no comment, whatever)



Because if it is, don't let the door hit 'ya where the good Lord split 'ya. 
You cheap suit wearing, where tellers go when they grow up, community
college graduate with a degree in Business Administration flunkie!  Now, go
screw some old lady out of her life savings.  Loser!"



Wow, you have a serious complex.  Maybe lacking in a certain area???

Sep 29, 2006 9:25 pm
BankFC:
mikebutler222:
bankrep1:

Doberman,

Why would anyone work 13 or 14 hour days? It is unproductive and a waste of time. Unless they are volunteering, at a networking event or hosting a seminar they should go home and exercise, read or have relations with their spouses.

This work a million hours BS has got to go. I know everyone hates the bank, it sucks,etc but I rarely work 8 hours, never have I worked more than 10. I can walk into SB, ML and get a check for 500K today, can you? I have a half million reasons to leave the bank (probably more) and I am staying put, tell ya anything rookies?


Sorry, BankFC, I know enough about bank biz to know your book isn't locked into fixed annuities, but I'm also aware you'd never get a check of that size. Wirehouses know how low a percentage of your book (coming from a bank) will move and they suspect just what you said when it comes to work ethic.




Darn it Mike, you made me come out of retirement.  The comment about the $500,000 check was made by BANKREP1, not BankFC.  If your going to dispute someone's comment as to the state of offers on the table, AT LEAST ADDRESS THE CORRECT POSTER. 




All you BANK guys look the same to we brokers, Sorry