Seminar
First seminar tonight. 63 reservations and 48 seats. It’s gonna rock!
BioFreeze;
Good luck. Jack BlackCan you shed some light on your "reservation" process? Do you include dinner? What type of setting do you hold them in? Good luck!!!First seminar tonight. 63 reservations and 48 seats. It’s gonna rock!
Was the invitation based soley on EIAs?
Good luck with the seminar. Please let me know how it goes.
so howd it go? How about a review on what you did to fill seats, presentation, how you set appts at the seminar, etc.??? I did some EIA seminars back in the day but never really got in a good groove of keeping them going.
How did it go? My partners and I used to do a lot of dinner seminars. We’d generally limit seating to 30 people (15 couples) in restaurant. Routinely get 60%-70% to check off on sign card they wanted to meet. However, those numbers faded next day when re-contacting them.
Found that the key is in follow-up and who does it. Best if advisor - not assistant - gives the hot prospects a call to re-ignite the issues that warmed them up the night before. Hope it wnet well.Bio, how does you invitation process work?
[quote=BioFreeze]
[quote=hotair1]Bio, how does you invitation process work?[/quote]What do you mean? [/quote]
How did you go about getting people to attend? Calls? Mailing? Both?
Thanks - How many did you mail out? post card or letter?
Thanks man, appreciate your feedback. I’m going to start rolling out seminars in the spring and want to kill it. Would you be willing to share the criteria you used to build your list?
[quote=AGEMAN] I just simply said to him please don’t call yourself an FA or planner if all he does are EIA’s. He is the one who started throwing names around. Check the thread.
1. He is trying to help people sell EIA’s. That is fine–no problem with that. I have just seen too many insurance agents going around calling themselves advisors and planners who are just agents.
2. I never implied anything about all EIA’s. I know there are some good ones that have 5 year surrender charges, etc. I just haven’t seen many of those sold. Wonder which ones he is selling. If you spend a lot of money on 5000 mailers and dinner at a nice restaurant do you sell the one that pays 2-3% and has a 5 year surrender charge?? I hope so, but haven’t seen it. I have seen to many 75 year olds stuffed in the 15 year product!!
3. Glad he invited someone to call him. Nice.
4. Glad to hear about that one. Perhaps he should consider partnering with an advisor who would refer to him and vice versa since he focuses on EIA’s only.
5. I never implied anything. I just said don’t call yourself something you are not in order to gain the trust of the public.
Check the post…I didn’t start the mudslinging, but I did sling it back…
I have no problem with independent insurance agents doing biz…I used to be one. The only problem I have is so many of them put people in products that aren’t appropriate and marketing themselves as something they are not.
Good luck to you all…Activity creates opportunity!!![/quote]
I hope someone who sells products for their firm doesn’t tell anybody they are an advisor or planner.
The comm on the 5-7yr EIAs is between 4-7% depending…
Yes, you make so much?? First seminar–[/quote][quote=BioFreeze]First seminar tonight. 63 reservations and 48 seats. It’s gonna rock!
First seminar with his new program.
He’s been doing this for quite some time.
By the way, as an employee how are you doing what’s best for your client?
Late to the thread. Congrats Bio on the seminar.
I have run a number of seminars lately with no success. I would be curious to find out what is working.Lets drop the attacks on each other’s firms, distribution channels, product preferences, etc., and get back to the topic at hand. Seminars. Anyone have anything else productive to add?
Yes, you make so much?? First seminar–[/quote] First seminar with his new program. He’s been doing this for quite some time. By the way, as an employee how are you doing what’s best for your client? [/quote][quote=Moraen] [quote=AGEMAN] [quote=BioFreeze]First seminar tonight. 63 reservations and 48 seats. It’s gonna rock!
Oh ok–he just changed the way he does seminars. As an employee of the firm I work for there is no pressure to use any particular products so I can recommend what I feel is best. As a RIA(I think that is what you are??) how is it always best for the client to pay a fee?? Convince me that it is in the best interest for a client that buys individual bonds to be with a RIA and pay a fee for his bonds. [/quote]
How is it in the client’s best interest’s to pay a mark-up on the bond? Isn’t there a different cost to each, depending on which bond you sell?
There is no mark-up on the ones I place in client’s portfolios. More importantly, the client always knows EXACTLY what they are paying with me and WHAT they are paying for, because they get a billing statement detailing what I charged them versus what the custodian charged them. Do your client’s see that? Also, you have no idea how I structure my fee structure. What if I only charged a one time fee of $50 for setting up a bond portfolio? Does that make my method MORE ethical?
My point AGEMAN is, there is more than one way to get client’s to their goals. Simply because Bio does not choose to do business like you or I doesn’t make his approach any less valid. I can think of a number of reasons as to why captive brokers shouldn’t be called advisors or planners, but does that make the ones that choose to operate like that any less so?
As for seminars - I am glad they work for Bio. I have done more than I care to remember, and have never had any success with them. I did them with wholesalers, and without them. If anybody has any insight on what makes them a success, I’l all ears.
[quote=AGEMAN] By the way I make 6 figures. [/quote] As someone else once said… I think you misspelled “4”.
We held a seminar a couple weeks ago about Roth conversions. We invited ten current clients with heavy traditional IRA's. We asked them to think of at least one person that may be in the same situation and worried about taxes going up. We had 8 clients and 21 prospects. We will do the same seminar three times next year also. We try to host one seminar a month about something. It is in our 2010 business plan and like Bio we have one person that handles all the prep. We had a CPA speak about tax law changes and how the conversion will work.[quote=BioFreeze]
While you were posting your comeback, I was out buying a gold Rolex. [/quote]
Bio - I hope you don’t mean that. Or at least I hope it was white gold.
Did you not read the part about “What if I only charged a one time fee of $50 for setting up a bond portfolio”? Who is better now?
The difference between you and I is that I have that flexibility. Can you simply charge someone $50 for buying a bond? Even better, several hundred thousand dollars?
Bio - I know your seminars are different because of the product. But my main question would be is how do you drive people to them.
The economic forum we did a few months back was a tremendous success, but when you have “big” names coming, people listen. And it wasn’t product driven.
Anybody else feel free to answer.
[quote=Moraen]Did you not read the part about “What if I only charged a one time fee of $50 for setting up a bond portfolio”? Who is better now?
The difference between you and I is that I have that flexibility. Can you simply charge someone $50 for buying a bond? Even better, several hundred thousand dollars?
Bio - I know your seminars are different because of the product. But my main question would be is how do you drive people to them.
The economic forum we did a few months back was a tremendous success, but when you have “big” names coming, people listen. And it wasn’t product driven.
Anybody else feel free to answer.[/quote]
I know I’d listen to big name Senators, Congressmen, economics professors, Ken Lay, Bernie Madoff, whoever is running Merril Lynch these days, guys on CNBC.
[quote=buyandhold]
[quote=Moraen]Did you not read the part about “What if I only charged a one time fee of $50 for setting up a bond portfolio”? Who is better now?
The difference between you and I is that I have that flexibility. Can you simply charge someone $50 for buying a bond? Even better, several hundred thousand dollars?
Bio - I know your seminars are different because of the product. But my main question would be is how do you drive people to them.
The economic forum we did a few months back was a tremendous success, but when you have “big” names coming, people listen. And it wasn’t product driven.
Anybody else feel free to answer.[/quote]I know I’d listen to big name Senators, Congressmen, economics professors, Ken Lay, Bernie Madoff, whoever is running Merril Lynch these days, guys on CNBC.[/quote]
Lol. The goal wasn’t to get Edward Jones advisors at the thing.
We did 6 seminars this fall. Mailed out about 2,000 invites per semianr. Response rate fairly tepid at about 0.6%. This is about 1/2 of what I experienced 5 years ago. Spent about $12k all in. So far we've opened a $400k, $1.3mill and $300k relationships all fee based at 1.25% avg. $2 mill @1.25% = $25,000 in additional revenue. Also have about 5-6 solid prospects in the pipeline from the seminars. I wouldn't call this a crushing success, but it is profitable so we'll continue into 2010 and try to put on 10-15. Topic is key to getting people in the doors.. People are interested in hearing about a different way to manage their funds. The typical wirehouse asset allocation story will not fly. That approach created a painful experience for them twice in the past 10 years. In Bio's case the EIA is a perfect product approach to today's environment. Hence his terrific response rate of over 1%! Other product approaches will work as well. For example, a technical trading approach (a la Dorsey Wright) might be a good draw. But remember once at the semianr the primary issue they are evaluating is you. Do you seem genuine, trustworthy, intelligent, etc. Do you understand that managing money is not just an academic, cooly intellectual excercise but is about real people and their fears and dreams? So do not bring anyone else along to speak. It needs to be all about you.Lets drop the attacks on each other’s firms, distribution channels, product preferences, etc., and get back to the topic at hand. Seminars. Anyone have anything else productive to add?
BIO If the market is going to nosedive for a couple of years, all the great insurance companies that your selling for them indexed Annuities will go bankrupt And your clients will take a 100% loss, They are betting on the market going up, So in reality long term there is no greater risk to be in the market direct or indexed funds, So you might as well get all the benefits of the market instead of having all the limitations from the indexed Annuities.
We did 6 seminars this fall. Mailed out about 2,000 invites per semianr. Response rate fairly tepid at about 0.6%. This is about 1/2 of what I experienced 5 years ago. Spent about $12k all in. So far we've opened a $400k, $1.3mill and $300k relationships all fee based at 1.25% avg. $2 mill @1.25% = $25,000 in additional revenue. Also have about 5-6 solid prospects in the pipeline from the seminars. I wouldn't call this a crushing success, but it is profitable so we'll continue into 2010 and try to put on 10-15. Topic is key to getting people in the doors.. People are interested in hearing about a different way to manage their funds. The typical wirehouse asset allocation story will not fly. That approach created a painful experience for them twice in the past 10 years. In Bio's case the EIA is a perfect product approach to today's environment. Hence his terrific response rate of over 1%! Other product approaches will work as well. For example, a technical trading approach (a la Dorsey Wright) might be a good draw. But remember once at the semianr the primary issue they are evaluating is you. Do you seem genuine, trustworthy, intelligent, etc. Do you understand that managing money is not just an academic, cooly intellectual excercise but is about real people and their fears and dreams? So do not bring anyone else along to speak. It needs to be all about you. [/quote] That seems to be a great response rate especially only mailing 2,000.. I did one last year, sent 5000 and my response rate was about 0.25%... Do you design your own or are you using a company...[quote=iceco1d]Lets drop the attacks on each other’s firms, distribution channels, product preferences, etc., and get back to the topic at hand. Seminars. Anyone have anything else productive to add?
I agree ICE, this guy has no idea what he is talking about…
I stand corrected.
Are you doing letters?
I did oversized postcardsThis is interesting stuff. I guess I completely misunderstood how EIA's work. Thank god I didn't have clients in indexed annuities last year. I should just go back to selling used cars. That way, if the polar ice caps start melting, there will be no danger of the Brooklyn Bridge falling.BIO If the market is going to nosedive for a couple of years, all the great insurance companies that your selling for them indexed Annuities will go bankrupt And your clients will take a 100% loss, They are betting on the market going up, So in reality long term there is no greater risk to be in the market direct or indexed funds, So you might as well get all the benefits of the market instead of having all the limitations from the indexed Annuities.
Somewhat off topic, but for those in this thread that lack an understanding of indexed annuities and how they perform, I’d recommend checking out this study. It shows that they have done what they are designed to do - give a higher rate of return that traditional fixed investments (CD’s, bonds, fixed annuities etc). They were never designed to beat the stock market, yet they have over the last 10 years. Still, they are not a substitute for market investments, rather a great retirement and income product.
http://fic.wharton.upenn.edu/fic/Policy%20page/RealWorldReturns.pdf As to how they are structured - they are based on the investment portfolio of the insurance company comprised mostly of high grade bonds. They use the same portfolio to pay fixed annuity yields. With an indexed annuity, instead of paying a fixed yield, they invest that yield in options on the index used by the annuity to calculate yield. This has produced a consistently higher return than other fixed asset classes. Like all other products, there are good ones and bad ones. It's our job as advisors to help our clients make good choices. The income riders are particularly strong compared to the VA riders too. For full disclosure - I'm a RR, former EJ and independent, that now does compliance both insurance and BD. My firm makes money off of both indexed annuity and securities sales. Both are great options, but it's all about suitability.How would buying calls hedge against principal being owed to the owner if the market were to explode ? If the market were to explode and the insurance companies are getting significantly less in revenue from a much lower account value, owning calls would only add to the loss.[quote=ambitious]BIO If the market is going to nosedive for a couple of years, all the great insurance companies that your selling for them indexed Annuities will go bankrupt And your clients will take a 100% loss, They are betting on the market going up, So in reality long term there is no greater risk to be in the market direct or indexed funds, So you might as well get all the benefits of the market instead of having all the limitations from the indexed Annuities.[/quote]
This has to be one of the dumbest posts ever. The insurance company hedges their obligations to the contract owners by buying index call options (plus Cap rates, participation rates, and margins). That easily covers them if the market explodes.
If the market goes down or stays stagnant, the remainder of the premium is invested VERY conservatively in the insurance company’s general account (which is all conservative fixed income). They can’t really be forced into liquidating the fixed income below face value, because they are protected again early surrenders of the contracts via surrender charges. They don’t need a high return on the general account, to pay the minimum guaranteed rates on the EIAs (which are lower than a similar plain vanilla fixed annuity).
And then, even if the impossible happened, you STILL have state guaranty associations backing probably $100K+ of principle, and any applicable reinsurance with other companies.
Seriously, dumbest post ever…or close to it.
Obviously that isn't a loss, but in order to being given that "right" they would have paid a huge premium to purchase that call unless they caught they absolute bottom (666) and even then with the VIX where it was the premium for those options would be outrageous. If the annuity issuer needs to protect themselves today with the S&P at 1100 for a collapse they are more likely to be purchasing puts, 900 strike and below. Purchasing in the money calls doesn't protect against a market collapse, which is their biggest risk.
[quote=BioFreeze] [quote=ManOnTheCouch]Somewhat off topic, but for those in this thread that lack an understanding of indexed annuities and how they perform, I’d recommend checking out this study. It shows that they have done what they are designed to do - give a higher rate of return that traditional fixed investments (CD’s, bonds, fixed annuities etc). They were never designed to beat the stock market, yet they have over the last 10 years. Still, they are not a substitute for market investments, rather a great retirement and income product.
http://fic.wharton.upenn.edu/fic/Policy%20page/RealWorldReturns.pdf As to how they are structured - they are based on the investment portfolio of the insurance company comprised mostly of high grade bonds. They use the same portfolio to pay fixed annuity yields. With an indexed annuity, instead of paying a fixed yield, they invest that yield in options on the index used by the annuity to calculate yield. This has produced a consistently higher return than other fixed asset classes. Like all other products, there are good ones and bad ones. It's our job as advisors to help our clients make good choices. The income riders are particularly strong compared to the VA riders too. For full disclosure - I'm a RR, former EJ and independent, that now does compliance both insurance and BD. My firm makes money off of both indexed annuity and securities sales. Both are great options, but it's all about suitability. [/quote]I agree with what you're saying, but for whom is it unsuitable to never lose money?
[/quote] Lack of liquidity, opportunity cost (for someone young with a longer time horizon missing potentially higher market returns), interest rate risk, and concentrating too much of a portfolio into one asset or company can all create an unsuitable sale.
OK. I didn't know they put 80% in a general account that was earning a profit no matter what. I assumed they were using options to hedge a majority of their risk and if that was the case they would be trying to keep the expenses low as possible, while betting the market will go north more often than south and using low delta put purchases as downside protection. I was also thrown off by your mention of a 700 call because the premium would have been outrageous and that strike has been in the money the entire year. Good stuff though, I learned something for sure.
An EIA isn’t a “glorified” fixed annuity. It is just a fixed annuity. It simply has a different crediting method than other fixed annuities. People buy them hoping that they can make more than other fixed annuities, but they may make less.
Anon, what is your reply to prospects and clients when the balk at AIG or any other company that took bailout money?
Client: “I’m balking. I don’t want to use this company because they took bailout money.”
Me: "Ok. We can use ABC company instead." Golf, it makes no difference to me. I just want to make sure that I help my client and get paid in the process.That's rich. Insurance companies never fail huh?
Liquidity? 10%/year and a penalty on the remaining 90%. Much better than losing money.
Opportunity Cost? Is it unsuitable to put people in mutual funds when oil/gas exploration can produce returns 20 times those of the stock market?
Interest rate risk? Only applies to investments that pay a rate of interest.
Over concentration? Only a problem with risky investments. When you put all of your eggs in a basket that doesn’t break eggs, you end up with all of your eggs.
You compliance f**ers say some pretty stupid sht.
Equities are for idiots, but EIA’s are the best. We get it Bio. What you don’t get is without the historical returns of the equity market your product wouldn’t exist. I will wait your lame threats via PM.
I think it’s simply hilarious that everybody gets up in arms about BF when he’s said time and time again he only takes on clients who don’t want to take on investment risk with some (or all) of their money.
And we have said time and again that we only take on clients who are willing to take investment risk with some of their money. That doesn't stop him from attacking everyone.
Well, if you can't take the heat, I'd stay out of the conversation all together.
You're at a bank, right? I was under the impression most bank reps could sell EIAs. If you can sell them, why not show them as an alternative to your CD-buying prospects?First off, who is up in arms ? We know the story. Anyone who sells anything that can lose money is a crook and his product is the best answer. Great.
Yes I am at a bank. No, I can't sell EIA's.I re-read the thread. Nowhere did he say all stockbrokers are crooks and nowhere did he say EIAs were the best. Am I missing something?
I'm gonna bow out of the conversation now. I don't have a dog in this fight.It isn't just this thread. It is his theme using different threads and many different screen names. Above you refer to what he has said time and time again, yet you haven't noticed this theme? Give me a break.I think it’s simply hilarious that everybody gets up in arms about BF when he’s said time and time again he only takes on clients who don’t want to take on investment risk with some (or all) of their money.
Plenty of banks have failed. Who the hell said they haven’t ? If you are referring to the bank that hired me as having failed in its hiring process you are probably right.
Most banks fail because they gave subprime mortgages to EIA salesmen who are out of work because clients didn't know what they were buying.BF’s one size fits all approach is largely responsible for the bad name and scrutiny the EIA industry has received. If EIAs had been used suitably and in a balanced manner in every case then the SEC would never have come into the EIA territory. I defend agents like BF all the time because my job requires it, but I shudder at the attitudes, like BF’s, that I see throughout the industry. This isn’t limited to EIAs or insurance. Unfortunately, it’s human nature, and I see it on both sides of the isle.
Doesn't an isle have four sides?BF’s one size fits all approach is largely responsible for the bad name and scrutiny the EIA industry has received. If EIAs had been used suitably and in a balanced manner in every case then the SEC would never have come into the EIA territory. I defend agents like BF all the time because my job requires it, but I shudder at the attitudes, like BF’s, that I see throughout the industry. This isn’t limited to EIAs or insurance. Unfortunately, it’s human nature, and I see it on both sides of the isle.
Or more depending on the shape of the isle.
An “aisle” has two sides.
[quote=BioFreeze] [quote=AGEMAN][quote=BioFreeze] [quote=AGEMAN]I just simply said to him please don’t call yourself an FA or planner if all he does are EIA’s. He is the one who started throwing names around. Check the thread.
1. He is trying to help people sell EIA's. That is fine--no problem with that. I have just seen too many insurance agents going around calling themselves advisors and planners who are just agents. 2. I never implied anything about all EIA's. I know there are some good ones that have 5 year surrender charges, etc. I just haven't seen many of those sold. Wonder which ones he is selling. If you spend a lot of money on 5000 mailers and dinner at a nice restaurant do you sell the one that pays 2-3% and has a 5 year surrender charge?? I hope so, but haven't seen it. I have seen to many 75 year olds stuffed in the 15 year product!! 3. Glad he invited someone to call him. Nice. 4. Glad to hear about that one. Perhaps he should consider partnering with an advisor who would refer to him and vice versa since he focuses on EIA's only. 5. I never implied anything. I just said don't call yourself something you are not in order to gain the trust of the public. Check the post...I didn't start the mudslinging, but I did sling it back..... I have no problem with independent insurance agents doing biz....I used to be one. The only problem I have is so many of them put people in products that aren't appropriate and marketing themselves as something they are not. Good luck to you all.....Activity creates opportunity!!![/quote]How is it that some little piker, earning 5 figures, sitting in a wirehouse branch, has "seen" any index annuity sales? You are a liar and a bitch.
[/quote] I have seen plenty of prospects and new clients who were trapped in an EIA with a 10-20 year surrender that they were crammed into. They had no idea what they bought or how much it cost to surrender the product or how long the penalty lasted. By the way you said this was your first seminar, so you probably don't even make 5 figures yet! By the way I make 6 figures. I wonder how long the CDSC period is on that 100k sale you are getting from the seminar?? Are you doing what is best for your client or for your pocket?? I hope what your fan club said earlier is true and you really do what is best for the client. [/quote]
Did your clients have any idea that they were going to lose 30-50% of their money and that it could take them a decade to get it back? That's what I'm seeing from people who have done business with wirehouse brokers.
The $100,000 that I just did has a 10 year surrender period. The client chose it over a 5 year with a return of premium option and a 7 year product.
Don't worry about my income. While you were posting your comeback, I was out buying a gold Rolex.
[/quote] This is a pretty funny thread, "b***h". But I have to point out the premise of your lie. Having run diversified stock and bond portfolios for over a decade, your claim and premise that clients lost 40% of their money and it will take another decade to get it back, and your solution, are verified pathetic. I admire your simple mind and process, though. A real gold Rolex will buy buy a lot of guns (not) in barter when the sky finally falls.
[quote=BioFreeze]
[quote=ManOnTheCouch]BF’s one size fits all approach is largely responsible for the bad name and scrutiny the EIA industry has received. If EIAs had been used suitably and in a balanced manner in every case then the SEC would never have come into the EIA territory. I defend agents like BF all the time because my job requires it, but I shudder at the attitudes, like BF’s, that I see throughout the industry. This isn’t limited to EIAs or insurance. Unfortunately, it’s human nature, and I see it on both sides of the isle. [/quote]Why are you so convinced that people need to own risky investments? [/quote]
Everyone can handle risk when they are making money. I’ve got no problem going 50% bonds, 50% equities in almost every portfolio. DD
DD, that's pretty big of you. You've got no problem going 50/50 because it isn't your money. As for the SEC getting involved in EIA territory, it has nothing to do with suitability. Do you really think that clients are the motivating factor? It's about greed.[quote=BioFreeze]
[quote=ManOnTheCouch]BF’s one size fits all approach is largely responsible for the bad name and scrutiny the EIA industry has received. If EIAs had been used suitably and in a balanced manner in every case then the SEC would never have come into the EIA territory. I defend agents like BF all the time because my job requires it, but I shudder at the attitudes, like BF’s, that I see throughout the industry. This isn’t limited to EIAs or insurance. Unfortunately, it’s human nature, and I see it on both sides of the isle. [/quote]Why are you so convinced that people need to own risky investments? [/quote]
Everyone can handle risk when they are making money. I’ve got no problem going 50% bonds, 50% equities in almost every portfolio. DD
[quote=BioFreeze]
[quote=Milyunair][quote=BioFreeze] [quote=AGEMAN][quote=BioFreeze] [quote=AGEMAN]I just simply said to him please don’t call yourself an FA or planner if all he does are EIA’s. He is the one who started throwing names around. Check the thread.
1. He is trying to help people sell EIA’s. That is fine–no problem with that. I have just seen too many insurance agents going around calling themselves advisors and planners who are just agents.
2. I never implied anything about all EIA’s. I know there are some good ones that have 5 year surrender charges, etc. I just haven’t seen many of those sold. Wonder which ones he is selling. If you spend a lot of money on 5000 mailers and dinner at a nice restaurant do you sell the one that pays 2-3% and has a 5 year surrender charge?? I hope so, but haven’t seen it. I have seen to many 75 year olds stuffed in the 15 year product!!
3. Glad he invited someone to call him. Nice.
4. Glad to hear about that one. Perhaps he should consider partnering with an advisor who would refer to him and vice versa since he focuses on EIA’s only.
5. I never implied anything. I just said don’t call yourself something you are not in order to gain the trust of the public.
Check the post…I didn’t start the mudslinging, but I did sling it back…
I have no problem with independent insurance agents doing biz…I used to be one. The only problem I have is so many of them put people in products that aren’t appropriate and marketing themselves as something they are not.
Good luck to you all…Activity creates opportunity!!![/quote]How is it that some little piker, earning 5 figures, sitting in a wirehouse branch, has “seen” any index annuity sales? You are a liar and a bitch. [/quote]
I have seen plenty of prospects and new clients who were trapped in an EIA with a 10-20 year surrender that they were crammed into. They had no idea what they bought or how much it cost to surrender the product or how long the penalty lasted.
By the way you said this was your first seminar, so you probably don’t even make 5 figures yet! By the way I make 6 figures. I wonder how long the CDSC period is on that 100k sale you are getting from the seminar?? Are you doing what is best for your client or for your pocket?? I hope what your fan club said earlier is true and you really do what is best for the client. [/quote] Did your clients have any idea that they were going to lose 30-50% of their money and that it could take them a decade to get it back? That’s what I’m seeing from people who have done business with wirehouse brokers. The $100,000 that I just did has a 10 year surrender period. The client chose it over a 5 year with a return of premium option and a 7 year product. Don’t worry about my income. While you were posting your comeback, I was out buying a gold Rolex. [/quote]
This is a pretty funny thread, “b***h”. But I have to point out the premise of your lie. Having run diversified stock and bond portfolios for over a decade, your claim and premise that clients lost 40% of their money and it will take another decade to get it back, and your solution, are verified pathetic. I admire your simple mind and process, though. A real gold Rolex will buy buy a lot of guns (not) in barter when the sky finally falls. [/quote][/quote]
That’s definitely getting my vote for one of the best posts ever…
That's because your entire social life centers around an internet forum.
[quote=DD] [quote=iceco1d] That’s definitely getting my vote for one of the best posts ever…[/quote] That’s because your entire social life centers around an internet forum.
So says the guy with someone else’s girlfriend as his avatar…
That’s a tired accusation anyway (I’m not going to do the math for you, someone else already did, regarding how much time it actually takes to post here); plus my primary method of prospecting lends itself to being here. I’d explain how, but for some reason I’m not inclined to elaborate.[/quote]
Please walk me through the math including the time it takes you to read your endless mind numbing posts (and others), chuckle at your false wit, and wipe the drool off your key board. OHHHH PLEASE EXPLAIN YOUR PROSPECTING METHOD. We all have so much to learn from some tool under 30.
DD
Says the guy who's biggest contribution to date is a picture of "Plastic Surgery Gone Bad".
[quote=Primo]
Says the guy who’s biggest contribution to date is a picture of “Plastic Surgery Gone Bad”.
[/quote]Says a guy with 62 posts in less than a month. Your practice must be tiny.
[quote=DD] [quote=Primo]
Says the guy who's biggest contribution to date is a picture of "Plastic Surgery Gone Bad".
[/quote]Says a guy with 62 posts in less than a month. Your practice must be tiny.
[/quote] It is easier to toss an insult than accept a challenge, I get it.
[quote=Primo] [quote=DD] [quote=Primo]
Says the guy who’s biggest contribution to date is a picture of “Plastic Surgery Gone Bad”.
[/quote]Says a guy with 62 posts in less than a month. Your practice must be tiny.[/quote]It is easier to toss an insult than accept a challenge, I get it.[/quote]
What challenge? To see who can spend the most time on Registered Rep? You and Ice win.
What was your cost to put on this seminar? Not including the dinner(because that will vary with attendance and restaraunt)First seminar tonight. 63 reservations and 48 seats. It’s gonna rock!
My guess for a mailing and postcards is $3K…
Postcards can be fifty cents. I like repeated, small mailings (1000) with appetizers served at the neighborhood cafe within five miles of mailing. If you have a dense neighborhood, the cost can be low. More intimate, fewer bodies, higher close. “No host bar” says you can drink, it will be fun, but this is not a sucker reps feed trough “seminar” giveaway.
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