New advisor. I think I'm getting punk'd

or Register to post new content in the forum

10 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jun 20, 2007 7:15 pm

I'm a new FA here in arizona. I accepted this position under the premise that I'd be a jr. broker with another FA in my office. Shortly after accepting (signing the company)the offer, she sold her book to a guy who is a complete a-hole in my office. She said that I maintain my role despite the sell. I requested a meeting so that I could confirm this and define my role. After a week w/o answers I decided I couldn't waste any time and started prospecting on my own. It's been two months since I've been in production and not only do I not have access to the clients, it's clear to me that I'm not in the plan.


Of course I'm pissed at myself for not getting this in writing. I'm 99% sure there is no recourse. Should I go about my business, building my business, or insist upon having the previous arrangement honored?


I went from looking forward to coming in each day, to dreading it - realizing that my life will be nothing but prospecting for AT LEAST the next 3-5 years.

Jun 20, 2007 7:20 pm
regulator:

Should I go about my business, building my business, or insist upon having the previous arrangement honored?



Both … with enthusiasm IMHO.


Jun 20, 2007 7:32 pm

If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.


Good luck!

Jun 20, 2007 7:43 pm
doberman:

If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.


Good luck!



FWIW, I don't mind prospecting, completely. In fact each day I get better and it feels less like a chore and more like a step towards building an empire. My main frustration is that it was not something I was expecting to do to the degree with which I'm doing it. I hate to play the victim but I feel like one. A victim of my own stupidity for not getting shiet in writing.


Thanks to both of you. I appreciate the suggestions.

Jun 20, 2007 8:10 pm

Go after her clients.  She's a <UNT that can't keep her word.

Jun 20, 2007 8:16 pm
diggity:
doberman:

If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.


Good luck!



FWIW, I don't mind prospecting, completely. In fact each day I get better and it feels less like a chore and more like a step towards building an empire. My main frustration is that it was not something I was expecting to do to the degree with which I'm doing it. I hate to play the victim but I feel like one. A victim of my own stupidity for not getting shiet in writing.


Thanks to both of you. I appreciate the suggestions.



Do you use more than one name in the office or just here?

Jun 20, 2007 9:20 pm
Bobby Hull:
diggity:
doberman:

If you search for another position, try to get on at a bank. Since it's obvious you dislike the idea of prospecting, a bank broker position might be a better fit. Not saying you wouldn't ever have to prospect, as a bank broker, but you'd almost certainly be assured of doing less of it than a wirehouse broker.


Good luck!


FWIW, I don't mind prospecting, completely. In fact each day I get better and it feels less like a chore and more like a step towards building an empire. My main frustration is that it was not something I was expecting to do to the degree with which I'm doing it. I hate to play the victim but I feel like one. A victim of my own stupidity for not getting shiet in writing.


Thanks to both of you. I appreciate the suggestions.



Do you use more than one name in the office or just here?



Must have forgotten his password.....

Jun 20, 2007 9:22 pm

Or he is like the other 30% of the people on this forum who use multiple names... JOKE.

Jun 24, 2007 10:03 pm

Jack bauer....hmmmmm where are you

Jun 26, 2007 5:51 pm

Cold calling 24 7 is a miserable day for most people.  Oh there will be some here who say the LOVE it and that they are GREAT cold callers.  Yeah sure.


I would not stay.


do you have an opportunity to transfer to another branch?


Are any accounts in your name?


did you sign a training contract?