I started after getting my masters at 24.  Age is absolutely NO excuse.  This has been rehashed on some threads before, but all you need to do is have a good response ready if someone brings it up.

1.      I have over 100 years of firm experience backing me.

2.      I’ll be around long after you retire, most advisors will retire well before.

3.      You could take your money to an advisor with 300 million and because of his asset base, you won't get much attention.  Your 500k account means a lot more to me that a more veteran broker.  I'm going to do everything I can to make sure you keep those assets and grow them with me.

rank,

Thats nice to say, but if you found out your going to have to have a heart transplant tomorrow and in walks a 25 year old doctor would you let him do it?  I wouldn't.  Maybe a 35 year old.  Not a 25 year old.  Some experience proves to be very very important

[quote=rankstocks]

I started after getting my masters at 24.  Age is absolutely NO excuse.  This has been rehashed on some threads before, but all you need to do is have a good response ready if someone brings it up.

1.      I have over 100 years of firm experience backing me.

2.      I’ll be around long after you retire, most advisors will retire well before.

3.      You could take your money to an advisor with 300 million and because of his asset base, you won't get much attention.  Your 500k account means a lot more to me that a more veteran broker.  I'm going to do everything I can to make sure you keep those assets and grow them with me.

[/quote]

Ah, snappy responses right out of Selling 101.

The fact remains that the prospect with significant bucks doesn't trust.

The same 100 years of experiene backs every advisor at that firm, and an older person knows how to access the experience far better than a kid.

You'll be around after I retire?  Fine, get back with me then and we'll talk.  Right now you're a kid and I'm looking for an adult.

I happen to agree with the concept that an account--any account--means more to those with fewer of them. 

However, essentially what you're saying is, "The captain of the football team won't go out with you, but I will."  It is not a form of flattery to the girl you're talking to.

Additionally you're saying, "I'm just starting out so I don't mind dating you....."  What is unsaid, but implied, is that the prospects small account is meaningful to you now but that he can expect to become less and less important to you as the years go by.

[quote=rankstocks]

I started after getting my masters at 24.  Age is absolutely NO excuse.  This has been rehashed on some threads before, but all you need to do is have a good response ready if someone brings it up.

1.      I have over 100 years of firm experience backing me.

2.      I’ll be around long after you retire, most advisors will retire well before.

3.      You could take your money to an advisor with 300 million and because of his asset base, you won't get much attention.  Your 500k account means a lot more to me that a more veteran broker.  I'm going to do everything I can to make sure you keep those assets and grow them with me.

[/quote]

At some point you need to quit repeating the bs that you know is bs.

[quote=Big Easy Flood][quote=rankstocks]

I started after getting my masters at 24.  Age is absolutely NO excuse.  This has been rehashed on some threads before, but all you need to do is have a good response ready if someone brings it up.

1.      I have over 100 years of firm experience backing me.

2.      I’ll be around long after you retire, most advisors will retire well before.

3.      You could take your money to an advisor with 300 million and because of his asset base, you won't get much attention.  Your 500k account means a lot more to me that a more veteran broker.  I'm going to do everything I can to make sure you keep those assets and grow them with me.

[/quote]

Ah, snappy responses right out of Selling 101.

The fact remains that the prospect with significant bucks doesn't trust.

The same 100 years of experiene backs every advisor at that firm, and an older person knows how to access the experience far better than a kid.

You'll be around after I retire?  Fine, get back with me then and we'll talk.  Right now you're a kid and I'm looking for an adult.

I happen to agree with the concept that an account--any account--means more to those with fewer of them. 

However, essentially what you're saying is, "The captain of the football team won't go out with you, but I will."  It is not a form of flattery to the girl you're talking to.

Additionally you're saying, "I'm just starting out so I don't mind dating you....."  What is unsaid, but implied, is that the prospects small account is meaningful to you now but that he can expect to become less and less important to you as the years go by.

[/quote]

BEF,

Your argument just isn't valid.  Young people do succeed in this industry (albeit not at the highest rate), so it is somewhat odd that you hold that no one (a young person) can make it.

I have been in this industry since I was a 21 year old intern, and never has age been an issue FOR ME.  Maybe it was for some of the folks I didn't sell anything to, but that's okay.  You just move on to the next person, and hopefully it might not be an issue with them.

Rinse and repeat.

Does your mutual fund do better than mine since you are older? 

The greatest thing about this country is that everyone has the freedom to do whatever they want.  Including giving their account to a twenty something year old.  Believe me, it happens all the time. 

[quote=Big Easy Flood][quote=rankstocks]

However, essentially what you're saying is, "The captain of the football team won't go out with you, but I will."  It is not a form of flattery to the girl you're talking to.

Additionally you're saying, "I'm just starting out so I don't mind dating you....."  What is unsaid, but implied, is that the prospects small account is meaningful to you now but that he can expect to become less and less important to you as the years go by.

[/quote]

It's a passive aggressive form of mind control. (sick, sad and true) The same kind of mind control an abuser utilizes on his victim...."noone else will date you because they think you are fat and ugly, but I will always love you." It's a part of getting clients to jump into the "Jones Client Contiuum"

[quote=bankrep1]

rank,

Thats nice to say, but if you found out your going to have to have a heart transplant tomorrow and in walks a 25 year old doctor would you let him do it?  I wouldn't.  Maybe a 35 year old.  Not a 25 year old.  Some experience proves to be very very important

[/quote]

I heard all the BS, I grew up in this business and if I did it again it would be in a supportive role, defend the above?

Im 22 yars old and recently got into the business. I love it but I have to agree with the consensus that I am too young to make it on my own. Yet now i am working as a junior with a team of 2 other senior brokers. In my opinion if you are young and want to make it in the business without waiting 5 years then you have to get in with a good team. Not just a team that will abuse you but one will look at you as though you are an investment in their business, this way they will train you and mold you to be successful and of course still abuse you. Though starting young in this business has its issues it also has its benefits. Look at it this way i am 22 years old now and by the time i will be done with my grunt work and actually start making money ill hopefully be in my late twentys. Another good post for keith, I am contantly impressing myself.

I never said i could spell though. My grammar kind of sucks too, sorry.

keith you'll likely be around making the big bucks while the rest of these guys will be finding a new career.  Don't worry they abuse young employees in just about every business.

[quote=keith121883]Im 22 yars old and recently got into the business. I love it but I have to agree with the consensus that I am too young to make it on my own. Yet now i am working as a junior with a team of 2 other senior brokers. In my opinion if you are young and want to make it in the business without waiting 5 years then you have to get in with a good team. Not just a team that will abuse you but one will look at you as though you are an investment in their business, this way they will train you and mold you to be successful and of course still abuse you. Though starting young in this business has its issues it also has its benefits. Look at it this way i am 22 years old now and by the time i will be done with my grunt work and actually start making money ill hopefully be in my late twentys. Another good post for keith, I am contantly impressing myself.[/quote]