Just got a job and still in college, but need help

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Jun 8, 2010 7:23 pm

Hey everyone so I am an upcoming Senior in college in Texas, this summer I started an internship at a very small firm for an independent advisor. After workign here some time as an intern he offered me the chance to get licensed with the Series 7 and 66 with the requirement that I work for him one year minimum after I graduate. I worked over a decade at Ameriprise and has told me the horror stories of there and other firms so I am more than excited to have this opportunity. I will be working throughout my Senior year here and will hopefully start buiilding my book in the next few months.

I was just hoping for some tips, right now I am working on the Series 7 and will be taking the Series 66 in August. So any tips on those tests would be great I am studying from STC.

Also any tips on getting clients and handling them would be greatly appreciated, any mistakes to avoid would be awesome as well. Just dont want to mess up such a great opportunity.

Thanks a lot in advance.

Jun 8, 2010 8:20 pm

1. Don't take on any family or friends as clients

2. be relentless in your pursuit of meeting people

3 cold call alot

4. observe the vetereans in your office and ask them a lot of questions.

5. plan on working 60 hour weeks if you want to build your book

6. Join chambers, orgs, whatever - anything to meet people.

7. Expect it to be very hard for a few years, so have a thick skin and expect rejection 9 times out of 10, but don't take it personally, its just human nature.

edit: 8. go to this link and read the first post over and over again. You probably don't need anything else but after you do, read the rest of the thread. If the link doesn't work, just do a search on this site for "500 day war"

http://forums.registeredrep.com/forums/prospecting-marketing-and-selling/500-day-war-rookies

What kind of training are they going to offer you, on the sales and product side?

Jun 8, 2010 10:31 pm

Yeah I actually read that post the first 500 day war, really liked it and hope to follow it. Since I am still in college I wouldnt be able to dedicate all my time to it so will be complicated. Also I thought cold calls couldnt be done any more am I wrong?

They are pretty much showing me day to day operations and I sit in on client meetings so I have learned how to deal with clients a bit. Not only this but I go over client accounts for my supervisor and make sure all paperowkr si complete and things like that so slowly getting better in touch with the way it works. They are an independent broker through LPL.

Besides that I am working on marketing ideas such as direct mail letters, and my supervisor does seminars and other things like that.

Jun 11, 2010 7:59 am

[quote=gustav213]

Hey everyone so I am an upcoming Senior in college in Texas, this summer I started an internship at a very small firm for an independent advisor. After workign here some time as an intern he offered me the chance to get licensed with the Series 7 and 66 with the requirement that I work for him one year minimum after I graduate. I worked over a decade at Ameriprise and has told me the horror stories of there and other firms so I am more than excited to have this opportunity. I will be working throughout my Senior year here and will hopefully start buiilding my book in the next few months.

I was just hoping for some tips, right now I am working on the Series 7 and will be taking the Series 66 in August. So any tips on those tests would be great I am studying from STC.

Also any tips on getting clients and handling them would be greatly appreciated, any mistakes to avoid would be awesome as well. Just dont want to mess up such a great opportunity.

Thanks a lot in advance.

[/quote]It appears that you need another year in school. I recommend having your English professor proofread everything you write. Didn't you say you are 21? I will assume you meant to say “A quitter worked over a decade at..."

note: Ameriprise has changed a lot over the last 3-4 years. But any place will have cheerleaders and Debbie Downers so find out for yourself before making a statement like that.