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Sep 28, 2005 5:50 pm

I got an email response to my resume that would only HINT at who the firm is they represent.  I don't know if I feel comfortable responding to an email like this: 

---WHO IS OUR CLIENT?---
»  They are an icon and household name in the culture of American Finance.
»  They have, by far, the lowest attrition rate of any of their competitors.
»   In 2004, our client was ranked #1 in individual production (revenues) per advisor/consultant.
»   They are product neutral (they do not ask you to sell proprietary products and do not give you a larger commission for selling proprietary products).
»   They have the most entrepreneurial corporate culture in the industry.
»   They provide an initial three year compensation structure.
»   They offer every possible product imaginable.
»   Their training is the jewel of the industry.

---WHO OUR CLIENT IS NOT---
We cannot disclose our client without fully qualifying you for the position.  However, we can tell you that our client is NOT American Express, NOT Merrill Lynch, NOT Morgan Stanley, NOT a foreign-owned firm, NOT a "wanna-be" regional firm, NOT any kind of MLM setup in any way whatsoever, and NOT an insurance company that tries to portray itself as a true full-service financial firm.

Top production in the industry?  I think I read somewhere that UBS had the top producers per rep in the biz?  However, there's no WAY they have the lowest attrition rate!

Sep 28, 2005 6:48 pm

CFP,

I'm a recruiter, and I'm going to level with you - if a recruiter "wants to learn about you and your situation before they tell you who they work with," it's a waste of time. 

FAs time is WAY too valuable to have a bunch of morons running around playing "guess who" games with them.  If they don't come right out and say who they're working with, I wouldn't spend any time.

Plus, a recruiter will learn absolutely nothing by sending an email.  The response rate has to be less than 1/10 of 1%.  Even if a broker tells me he's not interested and hangs up on me, I know where I stand.  Let recruiters call you and don't let them play silly games.

I digress.  Got  on my soapbox a bit there...Sorry.

Sep 28, 2005 6:50 pm

Oh, and it's not SSB (not the highest producing) and it's not UBS (foreign-owned).  Plus, last I heard, those two plus Merrill had the highest 3 avg production in the biz.

Who was the recruiting firm?  You can private me on that one if you'd like.

-BR

Sep 28, 2005 7:05 pm

[quote=CFP2BE]

I got an email response to my resume that would only HINT at who the firm is they represent.  I don't know if I feel comfortable responding to an email like this: 

---WHO IS OUR CLIENT?---
»  They are an icon and household name in the culture of American Finance.
»  They have, by far, the lowest attrition rate of any of their competitors.
»   In 2004, our client was ranked #1 in individual production (revenues) per advisor/consultant.
»   They are product neutral (they do not ask you to sell proprietary products and do not give you a larger commission for selling proprietary products).
»   They have the most entrepreneurial corporate culture in the industry.
»   They provide an initial three year compensation structure.
»   They offer every possible product imaginable.
»   Their training is the jewel of the industry.

---WHO OUR CLIENT IS NOT---
We cannot disclose our client without fully qualifying you for the position.  However, we can tell you that our client is NOT American Express, NOT Merrill Lynch, NOT Morgan Stanley, NOT a foreign-owned firm, NOT a "wanna-be" regional firm, NOT any kind of MLM setup in any way whatsoever, and NOT an insurance company that tries to portray itself as a true full-service financial firm.

Top production in the industry?  I think I read somewhere that UBS had the top producers per rep in the biz?  However, there's no WAY they have the lowest attrition rate!

[/quote]

ML has the top production per rep, I believe. I also beleve your emailer is lying to you. 

Sep 28, 2005 10:04 pm

ML=

#1 in average production per advisor

#1 in average assets uinder management per advisor

#1 in revenue generation per advisor.

I agree, dont waste your time with that recruiter- they seem like a hack.

Sep 29, 2005 1:54 pm

Many recruiter training programs will say “don’t lift your skirt before you know a little about them - who they are, what kinds of numbers they do, etc.”  —BS.  Tell them who you work with right away, if they say no interest, no problem - maybe ask what it is about XYZ company that makes them happy so you know what trips their trigger and move on.  No reason to waste time.

Sep 29, 2005 11:07 pm

[quote=CFP2BE]

I got an email response to my resume that would only HINT at who the firm is they represent.  I don't know if I feel comfortable responding to an email like this: 

---WHO IS OUR CLIENT?---
»  They are an icon and household name in the culture of American Finance.
»  They have, by far, the lowest attrition rate of any of their competitors.
»   In 2004, our client was ranked #1 in individual production (revenues) per advisor/consultant.
»   They are product neutral (they do not ask you to sell proprietary products and do not give you a larger commission for selling proprietary products).
»   They have the most entrepreneurial corporate culture in the industry.
»   They provide an initial three year compensation structure.
»   They offer every possible product imaginable.
»   Their training is the jewel of the industry.

The company they are referring to in the E-mail AD is Smith Barney.  I am not saying the AD is true...only that that is the company they represent.  I tolked to these peoiple...but I had already been in negotiation with SB and a few other companies so they were not in a position to "be of assistance" to me.

I will say they were quite professional in our communtications.

Good luck!

Sep 30, 2005 1:44 pm

Do FAs respond well to emails like this?  I would figure the firm would jump all over communication like this.