What's up at the smaller regionals?

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Jan 4, 2006 2:43 pm

This is the Oppenhiemers and Piper Jaffrays of the world.  What is goin' on?

Jan 4, 2006 3:20 pm

I need to find a Branch Manager for a small regional in Houston.  Anyone out there? 


On a side note, I have seen a number of reps move to regionals lately.  Some of it was the aftermath of the MWD layoffs, but a number of the larger producers have left for the FBWs and FBRs of the world.

Jan 4, 2006 5:56 pm

just had ACAT's signed on 700K from Piper Jaffray.... Thats all I know...

Jan 4, 2006 6:54 pm

I talked to a client of Thrivent today that has broken even on a variable annuity he bought in 1998 and he decided he's going to stick with them for awhile and see how some of their changes in management pan out.



Jan 4, 2006 7:29 pm
CIBforeveryone:

I talked to a client of Thrivent today that has broken even on a variable annuity he bought in 1998 and he decided he's going to stick with them for awhile and see how some of their changes in management pan out.





You can't switch him out of that piece of crap?

Jan 4, 2006 8:56 pm
Dirk Diggler:
CIBforeveryone:

I talked to a client of Thrivent today that has broken even on a variable annuity he bought in 1998 and he decided he's going to stick with them for awhile and see how some of their changes in management pan out.



You can't switch him out of that piece of crap?



Dirk,


I don't believe that he was interested in CDs.  That is why he bought the variable annuity in the first place.

Jan 4, 2006 9:06 pm
CIBforeveryone:

I talked to a client of Thrivent today that has broken even on a variable annuity he bought in 1998 and he decided he's going to stick with them for awhile and see how some of their changes in management pan out.


Now THAT'S a dedicated Lutheran!!!


Seriously, CIB, that should have been a slam dunk!  Heck, just show him a CIB hypo for that same time frame...

Jan 4, 2006 9:07 pm

What I wouldn't give for a list of Thrivent annuity owners...

Jan 4, 2006 9:16 pm
menotellname:
Dirk Diggler:
CIBforeveryone:

I talked to a client of Thrivent today that has broken even on a variable annuity he bought in 1998 and he decided he's going to stick with them for awhile and see how some of their changes in management pan out.



You can't switch him out of that piece of crap?



Dirk,


I don't believe that he was interested in CDs.  That is why he bought the variable annuity in the first place.



Thanks, RM.

Jan 5, 2006 1:07 am

I have a client who has a Thrivent annuity inside of a Roth IRA!  Swear to God, I can't make it up.  And, it's the only freakin' asset he has that he won't transfer to me.  I think he got his back in '98 also, when you could convert an IRA to a Roth over the 5-year window.  Anyway, he's still nowhere even close to even.  Stubborn Lutherans!

Jan 5, 2006 2:19 am
CIBforeveryone:

I talked to a client of Thrivent today that has broken even on a variable annuity he bought in 1998 and he decided he's going to stick with them for awhile and see how some of their changes in management pan out.





Thanks for sharing.

Jan 5, 2006 9:07 pm

Come on now...the topic is what's going on at the regional firms!!


If they can continue to find clients as intelligent as this one then they will continue to THRIVE!!


..."just hear me out...we've made some changes at the top and I know we are going to improve fund performance and get the ship righted this time..."



CIB