Current or Former SII Reps - SII Opinions

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Apr 8, 2007 9:54 pm

I am with LPL and I have a friend in WI who is considering LPL and SII, which is based in WI and clears through Pershing.  I don't know anything about this firm, except they're smaller and just lost a big group in the Twin Cities (to LPL) that represented a decent chunk of SII's annual revenue.  I personally wouldn't go with a group SII's size (been there, done that - LPL is much better) but does anyone out there have any experience with SII? 

Apr 10, 2007 9:40 am

I happen to be VERY well acquainted with SII's infrastructure.


I don't like LPL as a whole very well but I can say that the reason SII is floundering right now is that they are pushing the Jackson National products down the reps throats.


I have some friends in Ft. Wayne Indiana who just moved from SII to GunnAllen Financial out of Tampa. They were 2.7mil GDC.


There are other, large OSJ's who are getting ready to leave SII also because of this and other issues.


Hope this helps.


Apr 12, 2007 10:59 pm

Sampson - Thanks!  I wasn't aware of the Jackson National issue.  I was at a firm about five years ago that was bought by Nationwide and it was the same deal - all Nationwide, all the the time.  You would think that management would realize it's better to sell the b/d than try to push one line of products down the throats of indy reps.  You might as well wave a sign that says "Time to Find a New B/D!"

Apr 13, 2007 12:24 am
mplsindy:

Sampson - Thanks!  I wasn't aware of the Jackson
National issue.  I was at a firm about five years ago that was
bought by Nationwide and it was the same deal - all Nationwide, all the
the time.  You would think that management would realize it's
better to sell the b/d than try to push one line of products down the
throats of indy reps.  You might as well wave a sign that says
"Time to Find a New B/D!"





It just amazes me how the product manufacturers seem to be unable to figure out something as simple as this!!

Apr 13, 2007 8:37 am
joedabrkr:
mplsindy:

Sampson - Thanks!  I wasn't aware of the Jackson National issue.  I was at a firm about five years ago that was bought by Nationwide and it was the same deal - all Nationwide, all the the time.  You would think that management would realize it's better to sell the b/d than try to push one line of products down the throats of indy reps.  You might as well wave a sign that says "Time to Find a New B/D!"



It just amazes me how the product manufacturers seem to be unable to figure out something as simple as this!!


What's the problem? You can tape a note to the back of a dog and sell their products.

Apr 13, 2007 10:26 am
Bobby Hull:
joedabrkr:
mplsindy:

Sampson -
Thanks!  I wasn't aware of the Jackson National issue.  I was
at a firm about five years ago that was bought by Nationwide and it was
the same deal - all Nationwide, all the the time.  You would think
that management would realize it's better to sell the b/d than try to
push one line of products down the throats of indy reps.  You
might as well wave a sign that says "Time to Find a New B/D!"



It just amazes me how the product manufacturers seem to be unable to figure out something as simple as this!!


What's the problem? You can tape a note to the back of a dog and sell their products.





A little obssessed with the note and dog metaphor are we Bobby?

Apr 13, 2007 10:33 am
joedabrkr:
Bobby Hull:
joedabrkr:
mplsindy:

Sampson - Thanks!  I wasn't aware of the Jackson National issue.  I was at a firm about five years ago that was bought by Nationwide and it was the same deal - all Nationwide, all the the time.  You would think that management would realize it's better to sell the b/d than try to push one line of products down the throats of indy reps.  You might as well wave a sign that says "Time to Find a New B/D!"



It just amazes me how the product manufacturers seem to be unable to figure out something as simple as this!!


What's the problem? You can tape a note to the back of a dog and sell their products.




A little obssessed with the note and dog metaphor are we Bobby?


Just a skosh.

Apr 18, 2007 9:18 am
mplsindy:

Sampson - Thanks!  I wasn't aware of the Jackson National issue.  I was at a firm about five years ago that was bought by Nationwide and it was the same deal - all Nationwide, all the the time.  You would think that management would realize it's better to sell the b/d than try to push one line of products down the throats of indy reps.  You might as well wave a sign that says "Time to Find a New B/D!"



You're welcome. Hope this helps your friend.


I keep very close tabs on the Independent side to see what's happening out there.


If you need a scoop on any independent firm, chances are I can get you the info or call a friend who knows.


Have a good week,


Samps