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Dec 18, 2008 4:41 am

[quote=2wheeledbeemer]

And you know the joke with American Funds wholesalers. Can't even get a pen to give clients let alone money for a seminar :)

True story...Doing a shareholder meeting with one other broker and the Amer. Funds wholesaler at Olive Garden 3 - 4 years ago.  We had brought some notepads and generic Bic pens from the supply closet, and the wholesaler met us at the OG.  We had the first few clients arrive, and were putting out the sign-in list at a little table by the door into the back room, but didn't have a pen right there, so I ask the wholesaler, "Hey, can I borrow your pen real quick?"  He gives me his Official American Funds Thundercloud 9000 Pen, and I turn to my client and give the pen to them to sign in on the sheet.  The wholesaler starts to hyperventilate (I'm not kidding), skips back to the main room, grabs one of the Bics, skips back to the sign in table, TAKES HIS PEN OUT OF THE HAND OF MY CLIENT, and gives him the Bic.  We're all standing there with that half smile, like Ok, what's the punch line to your little joke.  But he was serious as a heart attack, and didn't say anything. 

After, we asked him what in the world was that about, and he said, "Anything given to a client or prospect with American Funds on it can be considered a solicitation to buy, and must be accompanied by a prospectus..."   No kidding.  [/quote]   Hey Beemer,   If you were to put a compilation of all the stories you have together, I would definitely buy it for $5.   You have some great stories.  Keep them coming.
Dec 18, 2008 2:34 pm

[quote=snaggletooth][quote=2wheeledbeemer]

And you know the joke with American Funds wholesalers. Can't even get a pen to give clients let alone money for a seminar :)

True story...Doing a shareholder meeting with one other broker and the Amer. Funds wholesaler at Olive Garden 3 - 4 years ago.  We had brought some notepads and generic Bic pens from the supply closet, and the wholesaler met us at the OG.  We had the first few clients arrive, and were putting out the sign-in list at a little table by the door into the back room, but didn't have a pen right there, so I ask the wholesaler, "Hey, can I borrow your pen real quick?"  He gives me his Official American Funds Thundercloud 9000 Pen, and I turn to my client and give the pen to them to sign in on the sheet.  The wholesaler starts to hyperventilate (I'm not kidding), skips back to the main room, grabs one of the Bics, skips back to the sign in table, TAKES HIS PEN OUT OF THE HAND OF MY CLIENT, and gives him the Bic.  We're all standing there with that half smile, like Ok, what's the punch line to your little joke.  But he was serious as a heart attack, and didn't say anything. 

After, we asked him what in the world was that about, and he said, "Anything given to a client or prospect with American Funds on it can be considered a solicitation to buy, and must be accompanied by a prospectus..."   No kidding.  [/quote]   Hey Beemer,   If you were to put a compilation of all the stories you have together, I would definitely buy it for $5.   You have some great stories.  Keep them coming.[/quote]   Hmmm....Gentlemen, you intrigue me.  I shall have to give River City a try. Stay tuned for further information...
Dec 18, 2008 4:03 pm

[quote=2wheeledbeemer][quote=snaggletooth][quote=2wheeledbeemer]

And you know the joke with American Funds wholesalers. Can't even get a pen to give clients let alone money for a seminar :)

True story...Doing a shareholder meeting with one other broker and the Amer. Funds wholesaler at Olive Garden 3 - 4 years ago.  We had brought some notepads and generic Bic pens from the supply closet, and the wholesaler met us at the OG.  We had the first few clients arrive, and were putting out the sign-in list at a little table by the door into the back room, but didn't have a pen right there, so I ask the wholesaler, "Hey, can I borrow your pen real quick?"  He gives me his Official American Funds Thundercloud 9000 Pen, and I turn to my client and give the pen to them to sign in on the sheet.  The wholesaler starts to hyperventilate (I'm not kidding), skips back to the main room, grabs one of the Bics, skips back to the sign in table, TAKES HIS PEN OUT OF THE HAND OF MY CLIENT, and gives him the Bic.  We're all standing there with that half smile, like Ok, what's the punch line to your little joke.  But he was serious as a heart attack, and didn't say anything. 

After, we asked him what in the world was that about, and he said, "Anything given to a client or prospect with American Funds on it can be considered a solicitation to buy, and must be accompanied by a prospectus..."    Really?  What about the stress balls that you throw to a prospect when he gets an answer right. Or golf balls?  I think he just wanted his pen back.    No kidding.  [/quote]   Hey Beemer,   If you were to put a compilation of all the stories you have together, I would definitely buy it for $5.   You have some great stories.  Keep them coming.[/quote]   Hmmm....Gentlemen, you intrigue me.  I shall have to give River City a try. Stay tuned for further information...[/quote]