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AGE WB deal sucks for some

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Jun 21, 2007 2:23 pm

[quote=Bobby Hull][quote=vbrainy][quote=Bobby Hull][quote=FreeLunch]

No offense - I see you and Ferris trolling around on here trying to provoke people - cutting them down trying to make them feel like crap.

I know your type - You are the Condescending Pricks that speak over everybody's head didn't work for crap people.  You are NOTHING.  I KNOW you are nothing.  You probably look down on your clients - You probably truly have no friends.  You probably are so insecure you have to come on this site to belittle people & you have probably been a complete jerk your whole life.

Tell me I suck - Listen buddy - YOU suck.  Trying to tell a 25 year old that's been in the business a year and a half that a trailing 12 months of $95,000 sucks.

I tell you what sucks.  The 50% of my training class that is gone or has either quit.  What's your story prick?  What's your motivation?  What makes you sleep good at night.

I know your type - You are the type of people that make me look good.  I APPRECIATE YOU Mr. Hull.  Keep doing your thing.  I'll keep stealing your clients and squash you.  I appreciate you and I appreciate your attitude.  People like you are my motivation.

Thanks.

[/quote]

My trailing 12 makes me sleep well at night. You sound angry. You are a piker who should get fired for taking up space that could be given to someone who can produce.

[/quote]

Not your trailing 12 now you dope.  What was your trailing 12 with 1 1/2 years in the business.

Free lunch you are doing GREAT.  I bet this guy has not brought in $7 million in the last 18 months.

You got screwed, and I just wonder if you can get out of the contract because AGE got bought out.

[/quote]

Probably about $225,000.

[/quote]

7% Annuities

5% A shares

It is not hard to reach $225k your first year. 

He is building a fee based business.  I would have doubled your first year if I was not building a fee based business.

Jun 21, 2007 2:52 pm

[quote=vbrainy][quote=Bobby Hull][quote=vbrainy][quote=Bobby Hull][quote=FreeLunch]

No offense - I see you and Ferris trolling around on here trying to provoke people - cutting them down trying to make them feel like crap.

I know your type - You are the Condescending Pricks that speak over everybody's head didn't work for crap people.  You are NOTHING.  I KNOW you are nothing.  You probably look down on your clients - You probably truly have no friends.  You probably are so insecure you have to come on this site to belittle people & you have probably been a complete jerk your whole life.

Tell me I suck - Listen buddy - YOU suck.  Trying to tell a 25 year old that's been in the business a year and a half that a trailing 12 months of $95,000 sucks.

I tell you what sucks.  The 50% of my training class that is gone or has either quit.  What's your story prick?  What's your motivation?  What makes you sleep good at night.

I know your type - You are the type of people that make me look good.  I APPRECIATE YOU Mr. Hull.  Keep doing your thing.  I'll keep stealing your clients and squash you.  I appreciate you and I appreciate your attitude.  People like you are my motivation.

Thanks.

[/quote]

My trailing 12 makes me sleep well at night. You sound angry. You are a piker who should get fired for taking up space that could be given to someone who can produce.

[/quote]

Not your trailing 12 now you dope.  What was your trailing 12 with 1 1/2 years in the business.

Free lunch you are doing GREAT.  I bet this guy has not brought in $7 million in the last 18 months.

You got screwed, and I just wonder if you can get out of the contract because AGE got bought out.

[/quote]

Probably about $225,000.

[/quote]

7% Annuities

5% A shares

It is not hard to reach $225k your first year. 

He is building a fee based business.  I would have doubled your first year if I was not building a fee based business.

[/quote]

No, he's not and no, you wouldn't have.

Jun 21, 2007 5:13 pm

Bobby, what are your production numbers and what is your LOS?

Jun 21, 2007 6:39 pm

Free Lunch I started younger than you at AGE after being recruited by Merrill, and deciding that Jersey wasn't the place for me. No matter what you do, don't screw your clients, and you'll reap the rewards over time. I know tons of the "FCs" on this board love their annuity products, but don't get sucked in. Read as much as you can and provide the highest level of service you can. Then decide what products will work for each clients needs. Myself, I've never sold an annuity, and I don't have more than 5 fee based accounts. Despite that I have 60 mil AUM in my 4th year. My traditional brokerage based book doesn't generate the huge velocity that wrap accounts, and constant 1035 exchanges does, but my clients are happy. I'm about 75% of revenue from bonds and equities. At our age we plan on being in the business a long time,  take your "Free Lunch" and toss it in a ROTH and forget it ever happened.

I can't help but agree with everyone that says you don't really deserve anything. The Firm probably hasn't even re-couped your training costs, your branch definately has not. Your production is average, barely, and there are lots of brokers with t-12 of 96k with only 18 months in the bus that aren't here in 36 months. You need to crest the 4 year mark with at least 40 AUM to give yourself a solid shot of survival over the long term. Once you do that you will be a valuable asset for whichever firm you want to work for. No broker is getting "screwed" in this deal, and newer brokers with above average production for their tenure might get sweetened packages (Which would obviously please me).

Keep your chin up and learn to sell your services and expertise. Learn to network it will pay much bigger dividends than cold calling ever will! In my first 3 years I was out of the house every day from 7-at least 9 at night, learn to attend functions and you will become "that guy" in your small town that everyone trusts to answer their questions. Our town has 4,000 people, our brokers average over 100 mil AUM a piece, no one has placed a cold call in this office, myself included in 15 years. It can be done, keep your chin up and keep trucking!

Jun 22, 2007 12:12 am

Thanks for the encouragement BrokerMike.

I appreciate it!

Jun 22, 2007 2:44 am

[quote=bullmrkt]Bobby, what are your production numbers and what is your LOS?[/quote]

YOu won't believe me. What is LOS?

Jun 22, 2007 2:54 am

Bobby.  You are awfully loud to be from such a quiet company.

I don't care what your numbers are.  I do care to hear about how you have become so successful.  Share.

What's your script?

How have you built a big business?

What's your motivation? 

How do you prospect?    

But I don't imagine you'll ever tell. Since you used your real name and all...

Jun 22, 2007 4:24 am

[quote=FreeLunch]

Bobby.  You are awfully loud to be from such a quiet company.

I don't care what your numbers are.  I do care to hear about how you have become so successful.  Share.

What's your script?

How have you built a big business?

What's your motivation? 

How do you prospect?    

But I don't imagine you'll ever tell. Since you used your real name and all...

[/quote]

You don't need help. Your T12 is $95m. Forget about cold calling. It's for low producers, not you.

Jun 22, 2007 3:50 pm

Notice Big Mouth Hull was quiet when asked to show his numbers.

LOS-Length of Service

SOL- What your  Back A**ward butt is.

Jun 29, 2007 3:36 pm

Ca-Ching $$$$$ revised #'s are out for brokers under 60 months, and above average production. Sorry Free Lunch but 95k at 18 months didn’t make the cut (missed it by 25k).

Jun 29, 2007 3:43 pm

numbers look good.  Sucks for Freelunch.