H & R Block

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May 14, 2007 1:13 pm

Does anyone have any opinion about H&R Block Financial Advisors?  They tell a pretty good story, is it real?

May 14, 2007 1:21 pm

I have an opinion. They suck.

May 14, 2007 1:53 pm

That had a big office nearby, and it has a huge " for lease " billboard out front. There was a sweaty geek in a poly suit and outdated tie scholocking some boxes to a rented truck, and it looked like some other employees were arguing about who had to pull the hand truck.

May 14, 2007 3:00 pm

For once I will agree with Bobby Hull. Their story is crap like other institutions trying to cross sell... we'll pair you with our tax advisors (who, by most accounts, work with low wage earners) to open 529 plans and the like.


There are a few advisors within the organization who have been given or inherited large books but they are the exception. It is doomed to failure.


There are more skeletons in that closet than Ken Lay.

Jun 10, 2007 11:51 pm
Mucho de Tejas:

For once I will agree with Bobby Hull. Their story is crap like other institutions trying to cross sell... we'll pair you with our tax advisors (who, by most accounts, work with low wage earners) to open 529 plans and the like.


There are a few advisors within the organization who have been given or inherited large books but they are the exception. It is doomed to failure.


There are more skeletons in that closet than Ken Lay.



low wage earners? do you have any facts to back this up?

Jun 10, 2007 11:58 pm
anabuhabkuss:

low wage earners? do you have any facts to back this up?





HRB makes a fortune from doing refund anticipation loans (RAL) to people who don't understand the concept of discount interest. HRB's expertise in this market is what led them into the subprime mortgage business etc.



Abuses with RAL's have lead to alot of problems/scandals at HRB/JTX.

Jun 11, 2007 9:54 am
anabuhabkuss:
Mucho de Tejas:

For once I will agree with Bobby Hull. Their story is crap like other institutions trying to cross sell... we'll pair you with our tax advisors (who, by most accounts, work with low wage earners) to open 529 plans and the like.


There are a few advisors within the organization who have been given or inherited large books but they are the exception. It is doomed to failure.


There are more skeletons in that closet than Ken Lay.



low wage earners? do you have any facts to back this up?



Think about it....who are the one's that are most likely to have a non-CPA prepare their returns? Slave-Americans and poor people.

Jun 11, 2007 10:40 am

Otherwise known as "The Millionaire Next Door".


I have several clients who do or have used H&R Blotch for years. Keep in mind that some of these offices used to be independently operated (if not owned) and so local people knew who the preparer was. H&RBlunt used to be a good low cost alternative to an overpriced (and over ostentatious for the tastes of Just Plain Folk folks) CPA. Further, the local office became the bookkeeper for small business in its market area.


Not to say that these offices are now producing big clients, or that this, B&MBlocked, is a good place to work. If they have product availability and you have the gonads to make a career without waiting for the GlenGarry Leads, What the heck? After you're in and you prove yourself to be a financial services salesman, there are plenty of other alternatives open to you which are now closed (unless you are now in the business in which case you want to make absolutely sure that every move you make is an upward move!)

Jun 12, 2007 8:55 am

Two brokers left my office for Block in 2003. Tax leads have very little money and the brokers spend weeks with tax offices only to close 5 or 6 small accounts. No sales assistants,  low payout, both brokers looking to leave at end of contract, enought said.

Jun 12, 2007 11:00 pm

Proof that anyone can make up stories behind a monitor.


Slave workers? poor people? who said anything about brokers who get hit with ticket charges, capped on annuities, and not get paid on their first 10k of a ticket?


We're talking about HRBlock clientele not regional brokers

Jun 12, 2007 11:03 pm
forge1:

Two brokers left my office for Block in 2003. Tax leads have very little money and the brokers spend weeks with tax offices only to close 5 or 6 small accounts. No sales assistants,  low payout, both brokers looking to leave at end of contract, enought said.



your two "brokers" did no prospecting outside of tax leads? they failed, not the leads.


i find a lot of people who like to blame jones, block, whomeevr for their shortcomings.


if they're looking for a new job, tell them to call me: i've been shopping for home insurance and could probably use their help.

Jun 12, 2007 11:45 pm
anabuhabkuss:

if they're looking for a new job, tell them to call me: i've been shopping for home insurance and could probably use their help.



WTF is THAT supposed to mean?

Aren't you with AGE?