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EJ - Taking over an office

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Feb 20, 2009 10:33 pm

I just found out, the last of my friends left and went to Capital Bank.  From what I can tell, if you are early Seg 3, Seg 1 or 2 it is rough for you.  Especially in my area, since it’s easy to sell against the new guys.  And we have a ton of Indy guys around here.

Feb 20, 2009 10:34 pm

Its not if…I hope uncle sam doesn’t set up shop in Citi or BAC over the weekend or WATCH OUT BELOW…AHHHHHHH…DId anyone see the story on the guy who was bungy jumping and the bungy broke…kind of like the market…

Feb 20, 2009 10:42 pm

No shit… kind of like the brokerage industry…the guy who jumped ship to the banks gave me a line on some struggling seg 3 brokers… time to recruit!

Feb 20, 2009 10:53 pm
bspears:

If your region is anything like my old one, we may need to hurry up my standup…as the defections are taking an almost laughable uptrend. I may appt myself the RL for LPL in my area…that would be the shit!!



We haven't had any defections in our region at all. We had one guy - a good friend of mine - leave to go indy. But he basically can't produce after 3 years (I don't mean that harshly - he is a good friend), and he's working out of his house again. He wanted to stay, but couldn't muster an 8K month.

Other than that, there has only been one other person leave for something else in the past year. A 2-year guy went to a bank. Most everyone else is hunkering down.

Feb 20, 2009 11:01 pm

I highly doubt he qualified to go Indy with those numbers…so I call your nice little spin…always spewing the green line B24.  

Feb 20, 2009 11:12 pm

spears - he probably didn’t qualify for LPL, but there are some places that will take him at 96k.

Feb 20, 2009 11:19 pm

Reread…he said he couldn’t muster 8k…I doubt the person is even real…

Feb 20, 2009 11:32 pm

Oh.  Sorry.  You’re right.  Damn that sucks.  Not to say he isn’t real like spears said, although it really doesn’t seem likely, but wouldn’t he have been gone before that?  No way you could be at 50% of standards at less than 8k per month, unless I’m missing something.  They should have shitcanned him a long time ago.

Feb 21, 2009 2:44 pm
bspears:

I highly doubt he qualified to go Indy with those numbers…so I call your nice little spin…always spewing the green line B24.



He's going through Cambridge, and no, there is no spin. I asked him the same thing. His regional advisor, or whatever he called him, sort of "stretched" his numbers a bit to squeeze him in. He was told as long as he stayed above like 75-100K gross that he would be OK. I want to say he did around 100K T12 in 2008.

Spears, this has nothing to do with the Green machine or anything. This guy's actually a good friend, and I don't really have any reason to spin it. He went on goals, couldn't make it, and went indy. Not sure how that is considered "spin." I REALLY hope he makes it. He's a good person, but just not very good at this business.

And I think you've seen enough of my posts to know that I am not exactly a Jones troll.
Feb 21, 2009 2:59 pm
Moraen:

Oh. Sorry. You’re right. Damn that sucks. Not to say he isn’t real like spears said, although it really doesn’t seem likely, but wouldn’t he have been gone before that? No way you could be at 50% of standards at less than 8k per month, unless I’m missing something. They should have shitcanned him a long time ago.



I obviously don't know his production every month. And as we know, production is not linear (it's sort of like the stock market!). But I am fairly sure he told me his T-12 was around 100K. I know he had months over 8K, but he also had a lot of months under 8K. And the last several months was when he couldn't muster an 8K month, since I think that was the magic number he had to get above to save himself. He was new/new and around 3 years out.

I'm really not making shit up. I don't know why I would make something up about this. It really doesn't have much bearing on anything. He's a good friend and good person that really can't produce. I wish him well. We are still good friends and we still talk regularly.

Feb 23, 2009 3:09 pm

Let me break this down for you very simply.  You’re B24.  You’re from Jones.  According to those like spears and Moron, if your lips are moving, you’re obviously lying.  You can’t possibly know anything at all about the rest of the brokerage world.  Therefore, they see it as their civic duty to let everyone here know that you are lying.  How noble of them. 

Feb 23, 2009 3:25 pm

Thanks for setting B24 straight…With as many posts as B24 has put up in a VERY short time, I bet B24 is sitting in some cube in the dirty town of St Louis…

Feb 23, 2009 4:13 pm
bspears:

Thanks for setting B24 straight…With as many posts as B24 has put up in a VERY short time, I bet B24 is sitting in some cube in the dirty town of St Louis…

  Exposed!
Feb 23, 2009 6:36 pm

STL is dirty?  Dirtier than say Indianapolis?  Huh.  I never would have guessed.  Now, East STL is very dirty.  On a lot of different levels. 

   
Feb 23, 2009 6:40 pm

I think Indy is much cleaner than STL... and it has double the people..

Feb 23, 2009 9:20 pm

For the record, never called him a liar - i don’t think he’s a home office ahem (don’t want to say the word b/c some people have gotten angry over it). B24 seems like he’s a legitimate Jones FA.



The only people I think who are lying are the ones who say that Jones is the greatest. B24 and Spiff - you guys at least admit there are some faults.



Just so you know though - you guys are WAY too smart to stay on the light side. Or is it the dark side?

Feb 23, 2009 10:34 pm

Even with it’s faults, Jones is still the greatest!  I could give you 23 reasons why, but I’m just not ready to put that much effort into it tonight.   And you’re on the darkside, not me.

  Squash - I've only been to Indy one time, last summer.  Our summer regionals were there.  I had a good time.  The big difference between the two is that Indy is IN's state capitol, while STL isn't.  I loved the statues and fountains in the middle of downtown.  Nice place to just hang out and people watch.    Anyway the Indy comment was more for spears' benefit than a slam against Indy.   
Feb 25, 2009 1:24 am

Spiff - Make some room in your mailbox.

Feb 25, 2009 3:09 pm

Done.  I hadn't payed that much attention to it recently.  Lots of room now.

Feb 27, 2009 3:03 am

If I could interrupt this soap opera for a moment, I have a question about, of all things, taking over an EJ office.

  How can a new guy take over an office with few assets?  How do the bills get paid if he's struggling just to pay himself?  Wouldn't that set him waaay back at the start of every month?