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May 16, 2007 9:35 pm

Would you rather have 100% of nothing or 35% of something?

May 16, 2007 10:23 pm

[quote=joedabrkr]



Wow…those are some expensive leads the tellers are sending over to you!
[/quote]



But they are the Glengarry leads!!!

May 16, 2007 11:57 pm

Banks typically pay up to 42% on their grids. They all are different though. I don’t understand %'s if you want to do paycheck comparison, I bet I win.



Scrim once you get to doing 500K+, chat with your sales manger about your time. You would be happy to do sales meetings on saturday mornings or after work, but while your open you need to be focused on one thing. Clients. I used to spend alot of time doing reports and meetings, not any more, and I am better for not doing it.



To answer the question about fees vs. commissions I do about 50/50 and yes I was at the the top end of those numbers. I see about 20% grow year over year in the amount of assets I have brought in. I try to focus on assets and not fees. If I just wanted GDC IO would sell EIA’s all day like Bobby Bull

May 17, 2007 12:06 am

Oh yea, I’d be more than happy to attend sales meetings on Saturdays or after work, and sure payouts at banks are about 42%. BullShat!! A friend of mine recently went to Wachovia at a 35% payout. Tell the truth Bankrep.

May 17, 2007 12:30 am

[quote=bankrep1]Banks typically pay up to 42% on their grids. They all are different though. I don't understand %'s if you want to do paycheck comparison, I bet I win.

Scrim once you get to doing 500K+, chat with your sales manger about your time. You would be happy to do sales meetings on saturday mornings or after work, but while your open you need to be focused on one thing. Clients. I used to spend alot of time doing reports and meetings, not any more, and I am better for not doing it.

To answer the question about fees vs. commissions I do about 50/50 and yes I was at the the top end of those numbers. I see about 20% grow year over year in the amount of assets I have brought in. I try to focus on assets and not fees. If I just wanted GDC IO would sell EIA's all day like Bobby Bull[/quote]

You're a liar.

May 17, 2007 12:36 am

[quote=bankrep1]Banks typically pay up to 42% on their grids. They all are different though. I don't understand %'s if you want to do paycheck comparison, I bet I win.

Scrim once you get to doing 500K+, chat with your sales manger about your time. You would be happy to do sales meetings on saturday mornings or after work, but while your open you need to be focused on one thing. Clients. I used to spend alot of time doing reports and meetings, not any more, and I am better for not doing it.

To answer the question about fees vs. commissions I do about 50/50 and yes I was at the the top end of those numbers. I see about 20% grow year over year in the amount of assets I have brought in. I try to focus on assets and not fees. If I just wanted GDC IO would sell EIA's all day like Bobby Bull[/quote]

For all you doubters I really do believe he's telling the truth.   In my program top payout, while not easy to hit, is a shade higher than 42%.

I had actually read in some trade magazine that Wachovia there is/was a two tier system.  The second tier was a straight 50% payout.  Any truth to this rumour?

scrim

May 17, 2007 12:51 am
ezmoney:

Oh yea, I’d be more than happy to attend sales meetings on Saturdays or after work, and sure payouts at banks are about 42%. BullShat!! A friend of mine recently went to Wachovia at a 35% payout. Tell the truth Bankrep.



EZ I didn't say you get 42% for doing 200K you have to do 500K to get that someome doing 200K is likely getting 28%, As far as saturday and nights your sales manager doesn't want to do it then so if you suggest those as terms it is likely you'll negotiate no more meetings.
May 17, 2007 12:53 am

Actually Bobby Bull only the truth!

May 17, 2007 1:36 am

I’m in my 3rd full month at a new firm & at $90K including two weeks in training! I’ve also put in $1.7MM into wrap acct’s. Yeah, you can do that kind of volume in banks. I’m shooting for $325K first year revenue & $4MM in wrap. I will have a payout of low 30’s. if I hit it. Next year I want to be at $425K revenue & my payout will be mid 30’s.



Banks see MUCH more volume than wirehouses. You work harder in other ways for it, though.

May 17, 2007 12:12 pm

[quote=Ashland]I'm in my 3rd full month at a new firm & at $90K including two weeks in training! I've also put in $1.7MM into wrap acct's. Yeah, you can do that kind of volume in banks. I'm shooting for $325K first year revenue & $4MM in wrap. I will have a payout of low 30's. if I hit it. Next year I want to be at $425K revenue & my payout will be mid 30's.

Banks see MUCH more volume than wirehouses. You work harder in other ways for it, though.[/quote]

Good one...now pass the joint, you bogart.

May 17, 2007 12:21 pm

Bobby how much of your day do you spend hunting down new victims?

May 17, 2007 12:33 pm

[quote=bankrep1]Bobby how much of your day do you spend hunting down new victims?[/quote]

As much or as little as I want. I don't have some loser bank manager with a marketing degree telling me what to do.

May 17, 2007 6:07 pm

[quote=Bobby Hull]

[quote=bankrep1]Bobby how much of your day do you spend hunting down new victims?[/quote]

As much or as little as I want. I don't have some loser bank manager with a marketing degree telling me what to do.

[/quote]

Bobby is mad at the world. What a sad existance.

May 17, 2007 6:41 pm

[quote=Vin Diesel][quote=Bobby Hull]

[quote=bankrep1]Bobby how much of your day do you spend hunting down new victims?[/quote]

As much or as little as I want. I don't have some loser bank manager with a marketing degree telling me what to do.

[/quote]

Bobby is mad at the world. What a sad existance.

[/quote] I'm obviously going way out on a limb here but perhaps that is why he choose his handle.

I did some research and found that that he was a very ornery and mad person in general.   Especially with his own family.  

He was a great hockey star of the 50's, 60's and 70's.   He got very bitter because he grew bald as his career progressed.

Coincidence or not, he chose a very appropriate handle!

scrim

May 17, 2007 6:45 pm

What has Bobby ever posted that would lead you to believe that he’s mad at anyone, let alone the world?  He seems pretty happy and well-adjusted to me.

May 17, 2007 7:22 pm

[quote=Philo Kvetch]What has Bobby ever posted that would lead you to believe that he's mad at anyone, let alone the world?  He seems pretty happy and well-adjusted to me.[/quote]

maybe not mad, but bitter. he cant stand that the average bank rep does more business than he'll ever do

May 17, 2007 9:35 pm

May 17, 2007 9:43 pm

[quote=Vin Diesel]

[quote=Philo Kvetch]What has Bobby ever posted

that would lead you to believe that he’s mad at anyone, let alone the world?

He seems pretty happy and well-adjusted to me.[/quote]



maybe not mad, but bitter. he cant stand that the average bank rep does

more business than he’ll ever do

[/quote]



I don’t thnk I’d bet my lunch money on that, Vin.
May 17, 2007 10:42 pm

Philo the average bank rep does somewhere around 300K in production. I think our boy bobby sells one to two annutties per month and watches alot of TV I am guessing his annual production is around 100K and he keeps every penny.

May 17, 2007 10:45 pm

Once again, I don’t think I’d bet my lunch money on that Bankrep.