PS: THANKS BankFC for the big tip! Going to take that into big consideration

Killer Rep,

don't listen to BankFc, it's o.k to act like a rookie with your peers since at some point we all knew sh*t about this business and sounded stupid.  I am by no means a veteran and have asked my share of dumb questions, in fact I had a similar curiosity and some preconcieved notions about the differences between stockbroker and advisor during my first year.  I was a "high and mighty" advisor working with a "bulge bracket" brokerage.  It's funny that I was deluded into thinking that my customers knew the difference (albiet an imagined difference) or even cared.  It's funny how so many people slam on Edward Jones for having some potent Company Kool-Aid, well the truth is that every firm nurtures it's rookie brokers on a healthy dose of Kool-Aid.  Good luck KillerRep

LOL, sorry, I guess I'm just not the "kid gloves" type.  

No worries BankFC, wasn't implying that you have nothing good to say.  As a matter of fact, I agree completely with your statement:

EIA are just sh**ty VA's in drag.

except to elevate them to the status of being a sh**ty VA is too generous (and you know my thoughts on VA's). 

I was just giving the kid some slack, I know I've needed it in the past.

Although I will say that KillerRep could practice being a little more articulate (no offense kid, just honest observation) and I hope he comes across more professionally with prospects. KillerRep, BankFC's words on "Fake it until you make it" should be heeded.  People aren't going to hand you their money unless you sound competent and are generally articulate.

Good Luck! 

actually i do speak more professional when talking to clients, but you have a point dude, I should get into the habit of speaking a certain way all the time.

 In any case, I truly do appreciate all your advices. I just started working for a RJ as an assistant to an FA but I was curious about the major differences of just cold calling (never metting clients) and getting paid per transaction instead of what my boss does...which I am still trying to figure out how he gets payed so much while my co-worker and I end up doing most of the work?

(hence the topic that pretty much confused everyone LOL)

[quote=killerRep]

actually i do speak more professional when talking to clients, but you have a point dude, I should get into the habit of speaking a certain way all the time.

 In any case, I truly do appreciate all your advices. I just started working for a RJ as an assistant to an FA but I was curious about the major differences of just cold calling (never metting clients) and getting paid per transaction instead of what my boss does...which I am still trying to figure out how he gets payed so much while my co-worker and I end up doing most of the work?

(hence the topic that pretty much confused everyone LOL)

[/quote]

He gets paid so much because he built the book up himself in the first place, probably while sharing an assistant with many others if he had one at all.  Now that he has a good sized business to maintain, you handle a lot of the "scut work".  It may seem like he does nothing compared to the work load you carry because you have a lot of small items.  But, he has a lot of responsibility and pressures that you may not even notice.

I know from experience.  I started out as a registered assistant/cold caller, worked my way up.  Now I just recently went indy and hired an assistant to work exclusively for me.   I can't get over how hard she works at pushing stuff out.

[quote=killerRep]

actually i do speak more professional when talking to clients, but you have a point dude, I should get into the habit of speaking a certain way all the time.

 In any case, I truly do appreciate all your advices. I just started working for a RJ as an assistant to an FA but I was curious about the major differences of just cold calling (never metting clients) and getting paid per transaction instead of what my boss does...which I am still trying to figure out how he gets payed so much while my co-worker and I end up doing most of the work?

(hence the topic that pretty much confused everyone LOL)

[/quote]

Why would a secretary call herself "KillerRep"?

don’t you think you have to meet with clients to do a transaction? Where are you coming from???

i call myself killer rep because "goNpostalonDirk" was taken . (jk)

I was in the infantry before I got into the financial buisness...so hence the name. Not creative but never the less satisfactory on my part.

Surprisingly to say, My boss goes on longer vacations than anyone I have ever met. Which is what I want to do in the later years of my life .

Killer:

You are mistaken on the cold calling/meeting with clients distinction.

The main point of cold calling is to set up appointments and meet with clients, not to sell product.  Maybe some brokers out there still do this today (cold call and sell product over the phone) but I'm sure they are quickly going the way of the dinosaur.  Almost nobody trusts someone over the phone these days with out meeting with them first, or having a really strong referral.  Trust me, no matter what business model you choose to follow (commission v.s. fee), you will be cold calling unless you are really well connected to people who'll hand money to you (even while you're sounding unpolished and akward in your first year), which is unlikely.

Your last comment is exactly why most get into this business, because you can (at some point) take those extended vacations and have guys like you handling all the crap work.  Understand though that it is certainly EARNED. 

I think the general consensus is that you'll work like a slave the first 5 years to live like a king the next 30-40 years.

I truly appreciate everything Dude. I have full intentions putting in those 12-15 hour days, working 5-6 days a week if have to. I want to get those long vacations and live the good life. Thanks again bro.

Good luck KillerRep.  Your sincere interest and humility will take you a long way.

but with all good intentions, you’ll likely flame out after 6-9 months.

Hey ezmoney, why dont you just get laid? Im sure you need it (I can tell by your optimisim in people). If you cant find any, there is always the escort services .

Also ez, don't forget that people like you usually make other people work harder. So thank you for the motivation .

I thought that was funny, and sadly true. The numbers are against you.

In the end what others say means nothing with your success. Just never give up!