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Feb 18, 2006 7:16 pm

but forgive me if I have your doubts...

if i have my doubts... since we are on the proper spelling kick on this topic...

Feb 19, 2006 10:54 pm

blarmston,

thanks for your posts.  i am aware of the POP contract and know that most people move to it when they start their 4th year or so(the guys that are a year ahead of me have recently switched). 

I think you are absolutely on when you say we are a glorified insurance company.  ill be frank, i would rather use an AXA Equitable product if it fits the situation.  every app i submit comes along with a AXA Network Informal Inquiry app to shop all the different carriers.  Once you get those 2 pages signed once for a carrier, you dont have to do it again.  no reason to go round and round about this....

i do think if someone is coming in to our industry, AXA is a good starting place if you are in an area with a strong branch and good managers.  we have pretty qualified planners in our branch, so there are some great mentors.  i do not view AXA as the end all for firms whatsoever.  My cousin and I have plans to start our own RIA in about 5 years, with 3 CFP's and over 70+ years of experience combined.  so i definitely do not think that AXA is the only place out there that provides an opportunity, but i do think that have a pretty good value proposition.

speaking of stock price, how bout that share plan?  did you already yank yours out?

Feb 21, 2006 5:49 am

[quote=maybeeeeeeee][quote=baylorjoyce1]

blarmstorm.

i am not under the pop contract currently.  we are currently switching our compensation to consist of GDC instead of the wonderful "pc" world, and the advisors contracts are going to be revised for the change.  currently i am getting no higher payout for non proprietary products, and thats no bull$hit. 

congrats on going to merrill.  way to go.  i worked for AXA for 3 years and that is after working for a independent beforehand.  i understand what a true open structure is. 

and if a match on a company 401(k) for your old contract caused you to sell proprietary, then you got bigger issues to swallow.  maybe i am fortunate not feel like i have to put my clients before my own interests and to be honest im not saying nor do i think you did that. 

jodabrkr-  i didnt go around checking your post.  i was simply doing what most do and clicked on a topic that i wanted to see the responses to, where you happened to have posted.  as i read it i caught the error and was reminded of it when you decided to play mom and teach me how to spell.

[/quote]

You cannot even take the time to capitalize "i" and you criticize Joe?  My Joe???  Get out.

[/quote]
"my joe"?  aww shucks hon!!!! ::blush::

lol
Feb 21, 2006 6:08 am

[quote=maybeeeeeeee][quote=joedabrkr][quote=baylorjoyce1]

 

heres a post from joedabrkr

Fee Advisor: Talking Poinnts??

I tell people-"hey look we've known each other a while and I think I've proven to you that I have your best interests at heart.  That being said, the fact remains that I get paid when you move money, not for any of the other things I spend time doing things for you.  No matter how much I have my heart in the right place or carefully consider my reasons for a transaction that fact does not change.  Too, even if you would rather not admit it, I would bet that there has been at least one time in the last few years where you wondered if at least one of the transaction I've suggested was perhaps driven by revenues.  It's just human nature-both yours and mind.  Putting our relationship on a fee basis, wherever possible-separates the revenue/cost from the transaction, and allows both of us to focus solely at all times on whether or not the trade makes sense for you.  Making good investment decisions is tough enough without letting transaction costs and motivations cloud the picture.  Too, Mr. Client, I've found that clients often make better decisions in a fee platform because they're not worried about the cost of the transaction.  This is especially true when it comes to harvesting losses before things get too bad.  This area in particular is a weakness for many if not most individual investors.

 

OH MY GOD! ARE YOU A RETARD! The audacity to think that you didnt do a first draft and then proofread it is horrific. 

shame on you

[/quote]

I am thoroughly ashamed. 

Thanks for taking the time to check my posts for me.

I still love you Joe.

[/quote] [/quote]

::more blushing::

aw shucks....... ;-)
Feb 28, 2006 2:35 am

search for some of my posts, I recently left AXA. My advice is to aviod AXA, if they are your only option, get your licensing and keep looking for something else.