Cold Calling Accredited Investors

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Dec 2, 2008 3:51 pm

I got my hands on a list of 2000 accredited investors in my area.  The numbers are cell phones and business numbers, so I have a decent chance of reaching a fair amount of them, as opposed to residential numbers.

 
When talking with the accredited investors I've had success with before, I got in the door with something they don't hear about from the average guy...a private placement.  I still have access to a private placement which has been very well received already and has some high-profile investors in the area.
 
What I'm looking for, though, is a kick-in-the-nuts kind of question to ask them to get their interest.  I'm thinking that many of these people like to be safe with their money, and some of their safe money has not been doing well.
 
What do you think accredited investors would hear that might prompt them to meet and how would you word it?
Dec 2, 2008 4:53 pm
snaggletooth:

I got my hands on a list of 2000 accredited investors in my area.  The numbers are cell phones and business numbers, so I have a decent chance of reaching a fair amount of them, as opposed to residential numbers.

 
When talking with the accredited investors I've had success with before, I got in the door with something they don't hear about from the average guy...a private placement.  I still have access to a private placement which has been very well received already and has some high-profile investors in the area.
 
What I'm looking for, though, is a kick-in-the-nuts kind of question to ask them to get their interest.  I'm thinking that many of these people like to be safe with their money, and some of their safe money has not been doing well.
 
What do you think accredited investors would hear that might prompt them to meet and how would you word it?



I would handle them just like I would anyone else.

Dec 2, 2008 5:52 pm

Check out IAS and ask them if they have any non correlated assets.

Dec 2, 2008 8:06 pm
Gaddock:

Check out IAS and ask them if they have any non correlated assets.

 
I'm a little slow, what's IAS?
 
 
Dec 2, 2008 9:12 pm

IAS, woops sorry that's AIS I'm a little dislexic, is a privat placement managed futures shop, AWESOME RECORD IN A BIG WAY!

 
http://www.aisgroup.com/managedfutures.html
Dec 5, 2008 3:52 pm

Can you pitch a private placement to somone who you do not know or have not qualified?  Won't compliance be after you for that?


 
--WM
Dec 5, 2008 4:10 pm

YOu should qualify people before you ever pitch anything. 

Dec 5, 2008 5:10 pm
WealthManager:

Can you pitch a private placement to somone who you do not know or have not qualified?  Won't compliance be after you for that?


 
--WM
 
I have to have the prospect complete an accredited investor form and sign before they can receive any materials. 
 
Simply put, Hank's post is correct.
Dec 6, 2008 9:42 am
snaggletooth:

I got my hands on a list of 2000 accredited investors in my area. 

 
where'd you get the list?
Dec 7, 2008 8:27 am

Some list service agent called him up and said "we have a list of 2000 people that aren't happy with their advisors....aaaand.......they all have annuities coming due.........aaaaaand.......they are all accredited investors.......aaaaaaaand........we only sell lists to one advisor in each market. Do you want to be the advisor that gets exclusive rights to this list in your market?"



Hey, I thnk I have another career to fall back on!

Dec 8, 2008 8:14 pm

HUM....sounds exactly like a speil I got -- disgruntled investors, filled out a post card saying they wanted a new advisor, had their home values, incomes, length of residences, ages. I got suspecious when the salesman sold the names for $1/each. So far the people I've contacted don't have a clue what I'm calling about "Huh, our financial advisor is my best friend from high school and we're pleased as punch with him/her!"

Dec 8, 2008 8:34 pm
B24:

Some list service agent called him up and said "we have a list of 2000 people that aren't happy with their advisors....aaaand.......they all have annuities coming due.........aaaaaand.......they are all accredited investors.......aaaaaaaand........we only sell lists to one advisor in each market. Do you want to be the advisor that gets exclusive rights to this list in your market?"

Hey, I thnk I have another career to fall back on!

 
That pretty much sounds like most of these guys.  However, I have bought from this guy before and have picked up a few "A" clients from his lists.  Also, my business partner has bought from this guy since the 1980's and had a lot of success.
 
This list in particular seems to be what it is supposed to be as I recognize a few names of well-known people in my area that haven't shown up on any other list I've gotten.
 
As with any other list, a 3-4% response list is probably what I'll find. 
Dec 10, 2008 11:29 pm

One more thing -- he promised I'd make something like $24,349 in the next 2 or 3 months or they'd refund the $$.