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Jul 9, 2005 3:02 pm

[quote=rightway]



As for portfolio managers (outside of covenants of the Trust Indenture
Act), there are discretionary programs in banks where a 7 and 65 are
required.

[/quote]



What does "Outside the covenants of the Trust Indenture Act"
mean?  It seems like you’re a teenager writing a paper that will
be graded by somebody who only counts the words.



"Why I be matriculting on my vacation as soon as I be enticing the mail deliery to be stopped."



Back to the basic question.  Why would a portfolio manager need a
Series 7 license?  What percentage of the nation’s bank trust
officers do you suppose have it?



Is a portfolio manager supposed to raise money for a portfolio or decide how the money that is raised is invested?

Jul 9, 2005 3:12 pm

[quote=rightway]



Hence my dislike of bank programs as a whole.

[/quote]



A review of your contributions to this forum would reveal a guy who has
failed at every opportunity–drifting form place to place, bitching
about horrible management everywhere you went.



For people like you the problem is you, not where you work, not who you work for, not the product line, not the customer base.



You’re sitting out there worried about “adding Alpha” when what you should be doing is selling.



If you want to add Alpha become a portfolio manager–get away from the
sell side to the buy side.  Convince somebody that you’re what
they need to manage their “Alpha Added Fund” and they’ll give you a
cubicle–perhaps a small office–where you can sit there and play with
standard deviations till the cows come home.



It will be a lot more rewarding than being an actuary at an insurance
company–or doing car count studies for a state’s Department of Motor
Vehicles.



What’s happened Rightway is you find yourself pretending to be
something you’re not–and you are so out of touch with the reality of
what the rest of us do (or did) that you’ve become a pathelogical liar
in an attempt to appear to know what you’re talking about.

Jul 9, 2005 3:13 pm

[quote=Put Trader]

[quote=rightway]



As for portfolio managers (outside of covenants of the Trust Indenture
Act), there are discretionary programs in banks where a 7 and 65 are
required.

[/quote]



What does "Outside the covenants of the Trust Indenture Act"
mean?  It seems like you’re a teenager writing a paper that will
be graded by somebody who only counts the words.



"Why I be matriculting on my vacation as soon as I be enticing the mail deliery to be stopped."



Back to the basic question.  Why would a portfolio manager need a
Series 7 license?  What percentage of the nation’s bank trust
officers do you suppose have it?



Is a portfolio manager supposed to raise money for a portfolio or decide how the money that is raised is invested?

[/quote]





In order to make buy and sell recomendations to clients on stocks and
bonds, a license is required.  However, the Trust Indenture Act is
a blanket covering bank Trust Dept’s, so they are not reuired to get
the “series licenses” required by reps in B/D’s.  A trust Dept
hires an MBA type and has them run money, thats it.



I think a few years ago, very few bank trust officers had a 7, however
this is changing as the walls between the Bank B/D and the Trust Dept’s
are coming down.  In essence, you will have 1 sales force, meet
with the prospect, they will direct them to Trust and/or B/D. 
This will require all get a 7.

Jul 9, 2005 3:21 pm

[quote=rightway]




In order to make buy and sell recomendations to clients on stocks and
bonds, a license is required.  However, the Trust Indenture Act is
a blanket covering bank Trust Dept’s, so they are not reuired to get
the “series licenses” required by reps in B/D’s.  A trust Dept
hires an MBA type and has them run money, thats it.



I think a few years ago, very few bank trust officers had a 7, however
this is changing as the walls between the Bank B/D and the Trust Dept’s
are coming down.  In essence, you will have 1 sales force, meet
with the prospect, they will direct them to Trust and/or B/D. 
This will require all get a 7.

[/quote]



Do you think the word “Trust” in “Trust Indenture Act” means a bank’s trust department?



Is the Series 7 required of people who make recommendations, or of
people who earn commissions if those recommendations are acted upon?

Jul 9, 2005 3:39 pm

[quote=Put Trader]

[quote=rightway]




And finally I will cut to the chase–you are a liar regarding a bank
program that requires people to get a Series 7.  There is NO BANK
PROGRAM–not one–that requires a Series 7.



I suggest you’re so stupid you don’t even know that all you hold is a Series 6.

[/quote]



Put- your an idiot.


US Bank Corp.



While we expect that
you’ll possess a strong basic skill set, including excellent
communication and people skills, strong analytical and problem-solving
skills, and the ability to work effectively in a team or independently,
we also require:
Strong analytical skills to assess client’s needs
The ability to work effectively on a team or independently
Initiative, self-motivation with a drive to succeed
The ability to prioritize your client base and follow through on all client communications
A professional attitude and reliable work style.
Excellent oral and written communication skills
College degree preferred, with at least two years job-related experience in a bank environment.
Series 7, 63 and State Insurance licenses







http://jobsearch.monster.com/getjob.asp?JobID=31766506&amp ;AVSDM=2005%2D07%2D07+12%3A01%3A47&Logo=1&opt=go&amp ;sort=rv&vw=b&cy=US&brd=1,1862,1863&rad=50&a mp;q=financial%20consultant
Jul 9, 2005 3:43 pm

Just for Fun Put- here is another,not that you qualify.


Financial Consultant is responsible for selling appropriate financial services products to potential clients and performing business development activities.
Requires: 2 to 5 years of direct investment sales experience with proven production; thorough knowledge of investment products including mutual funds, annuities, stocks and bonds. Must have NASD Series 7 and 63 licenses along with a Life and Disability license.

Strong sales, verbal and presentation skills are essential.



NASD Series 7&63 and L&D licenses required. Minimum 2 years experience required. Proven production required. Bank program preferred.
Washington Mutual is an Equal Opportunity Employer. Anyone needing accommodation to complete the interview process should notify the recruiter.
Jul 9, 2005 3:45 pm

Put-



Try this one



PNC Investments, the
retail broker-dealer subsidiary of PNC Bank, is a premier brokerage
firm with a sales culture on client needs rather than product-oriented
selling. We are currently seeking qualified Senior Financial
Consultants to join our team of investment professionals.

This
position requires 3-5 years of experience in a broker-dealer role and
possession of NASD Series 7 and 63 licenses. This experience should
include a thorough understanding of investment markets and products
with a proven ability to meet revenue goals. A bachelor’s degree in
Business, Finance, or related field is preferred.

Jul 9, 2005 3:46 pm

[quote=rightway]

[quote=Put Trader]

[quote=rightway]




And finally I will cut to the chase–you are a liar regarding a bank
program that requires people to get a Series 7.  There is NO BANK
PROGRAM–not one–that requires a Series 7.



I suggest you’re so stupid you don’t even know that all you hold is a Series 6.

[/quote]



Put- your an idiot.


US Bank Corp.



While we expect that
you’ll possess a strong basic skill set, including excellent
communication and people skills, strong analytical and problem-solving
skills, and the ability to work effectively in a team or independently,
we also require:
Strong analytical skills to assess client’s needs
The ability to work effectively on a team or independently
Initiative, self-motivation with a drive to succeed
The ability to prioritize your client base and follow through on all client communications
A professional attitude and reliable work style.
Excellent oral and written communication skills
College degree preferred, with at least two years job-related experience in a bank environment.
Series 7, 63 and State Insurance licenses

[/quote]



What you said was that you were hired by a bank without a license and
that the bank handed you a 1,000 page textbook and another 1,000 pages
of sample questions which you digested in a week, then you attended a
week long cram couse and took the test on the day after the cram course
ended.



Now what you’re saying is that US Bancorp has a website that invites those who ALREADY HAVE their Series 7 to apply for a job.



Are you bright enough to grasp the intellectual disconnect?



A harsh truth is that banks have to hire Series 7’s from outside
because their own, home grown, pool of talent is not bright enough to
pass the exam.

Jul 9, 2005 3:47 pm

Put-



I think this is more your speed-



THIS IS A DIRECT HIRE POSITION, NOT TEMPORARY. MUST HAVE
AVAILABILITY TO START WITHIN NEXT WEEK!

Industrial Cleaning company located in Channahon, Illinois has
immediate need for Truck Drivers/Laborers. You must possess a
current ACDL license, BCDL license or permit required. You will
need to pass a driving test at the customer’s facility. Drug
screen and back ground check required. SAFETY IS A MUST!!

Jul 9, 2005 3:48 pm

Put- your an idiot.







Rightway–what is wrong with that?

Jul 9, 2005 4:02 pm

[quote=rightway]Put-



I think this is more your speed-



THIS IS A DIRECT HIRE POSITION, NOT TEMPORARY. MUST HAVE
AVAILABILITY TO START WITHIN NEXT WEEK!

Industrial Cleaning company located in Channahon, Illinois has
immediate need for Truck Drivers/Laborers. You must possess a
current ACDL license, BCDL license or permit required. You will
need to pass a driving test at the customer’s facility. Drug
screen and back ground check required. SAFETY IS A MUST!!

[/quote]



My read on that is that poor old Rightway is about to wash out at his
latest employer and is studying the want ads, or surfing Monster.



I suspect he’s banging his head against the wall because he cannot pass
Series 7 and has found that his Series 6 isn’t worth much.  He
knows, just knows, that he’d be able to soar like an eagle if he could
just get past Series 7.



Maybe fourth time will be a charm if he can just hold out for the six
months he  has to wait after failing it for the third time.

Jul 9, 2005 4:28 pm

[quote=Put Trader]

My building has more residents than a small town.

[/quote]

Is it an asylum?

Jul 9, 2005 4:32 pm

[quote=rightway]Put-

I think this is more your speed-

THIS IS A DIRECT HIRE POSITION, NOT TEMPORARY. MUST HAVE
AVAILABILITY TO START WITHIN NEXT WEEK!

Industrial Cleaning company located in Channahon, Illinois has
immediate need for Truck Drivers/Laborers. You must possess a
current ACDL license, BCDL license or permit required. You will
need to pass a driving test at the customer's facility. Drug
screen and back ground check required. SAFETY IS A MUST!!
[/quote]

Okay, I just sprayed my monitor with Coca-Cola....ROFLMAO!!!

Jul 9, 2005 4:43 pm

[quote=Roger Thornhill]

Okay, I just sprayed my monitor with Coca-Cola....ROFLMAO!!!

[/quote]

Yep, a real knee slapper.

It is this sixty year old's opinion that people who humor at such a low level are anything but bright.  Well, let's say intellectually developed.

The other day I was watching videos of a young man I know, now 26 years old, married and building a $350,000 home.  The video is of him when he was six.

He's reading for the camera, "You know what's black and white and has sixteen wheels?"

Then he intones with all the skill of a six year old, "A Zebra on roller skates."

No doubt rightway and this Roger soul would spew Coke all over their keyboards had that caught them by surprise.  God, why have you caused such morons to infest my life?
Jul 9, 2005 10:36 pm

[quote=Put Trader]

Yep, a real knee slapper.

It is this sixty year old's opinion that people who humor at such a low level are anything but bright.  Well, let's say intellectually developed.

The other day I was watching videos of a young man I know, now 26 years old, married and building a $350,000 home.  The video is of him when he was six.

He's reading for the camera, "You know what's black and white and has sixteen wheels?"

Then he intones with all the skill of a six year old, "A Zebra on roller skates."

No doubt rightway and this Roger soul would spew Coke all over their keyboards had that caught them by surprise.  God, why have you caused such morons to infest my life?
[/quote]

God created man in his own image. We are living proof that God has a sense of humor. Everyone, that is, except Put, the poor zhlub. He's rather PUT OUT by humor, since it escapes him.

A life without laughter is not a life.