Giving Back

Bankrep, no offense, but your post is very jumbled and it is unclear as to what your message is…I dont know what you are trying to say.

lefty



Do you know how to read?

If you want to be a smartass I can play too...Reread your paragraph and tell us your level of education.

[quote]Your co-workers are probably idiots, more than likely, you are gong to fail in your current wirehouse environment unless you're really really lucky.[/quote]

If you had correct grammar it might make more sense. Are co-workers more than likely idiots? Or are we more than likely going to fail? What do idiot co-workers have to do with the probability of one of us failing? You don't make any correlation between the two or even attempt to create one.

 [quote]You do not have to fail in the industry, you just have to accept that it is jacked up at the moment. [/quote]

What does this mean? This is an 8th grade writing level. It doesn't make any sense

[quote]Your mentors are lying to you. If you were going to be successful you would see your income rising fast. [/quote]

This makes just enough sense but you don't say what mentors are lying about, and I would have to infer that mentors are saying "you are going to be great"

You start a thread suggesting you are going to give us advice but it is a bunch of fragmented thoughts with little explanation and no transition between them.

[quote]I wasted to much time prior to becoming successful listening to people tell me how successful I was going to be. My favorite line - Show me the money![/quote]

It might help to elaborate somewhat, or atleast explain why it was waste of time and how you would have done things differently. Is your favorite quote somehow connected to the previous sentence? You just put it out there.

I hope your writing style isn't indicative of your verbal communication skills.

This carreer is a long long race, and sometimes it is a slow walk,
other times it is a sprint; it is important to understand that the good
and bad that happends in the short run should not be given too much
weight.



Making more money now without a sound long term plan to sustain a
business model will eventually flame out.  T the same time,
starting a race at a slow walk will not work either.  Find the
balance.



As for mentors and listening to others?  We make this way too
complicated.  Find good people that you respect and listen to
them.  Find several with different approaches and take what you
can from them.

Dude or lefty that was black and white.



Even if your current position sucks, since one is surrounded by a bunch of unsuportive selfcentered a…holes you can make it, but this will not happen until you move!



Now if your lucky and you have a successful caring person/RR, who sees good in you for what ever reason then they may guide you to improve your chances, without that its 99% that you will fail. With them its 70% probable you will fail.

My writing skills become worse with every drink and when I worte that I had a few.



What I meant to say is the wirewhores bring in all these trainees with big dreams and they know most of them will fail. It is not they that the people they hired aren’t ambitous and well rounded, why would they of hired them in the first place if they were all smucks? The training systems are outdated and they haven’t found anyone bright enough to devise a plan where the majority of ambitous, well rounded trainees they hired are successful instead of the high dropout rate they have now.



Here is my story…



Started in a wire, was trained to smile and dial. Sat at a table cold calling with a about ten other trainees until there was just me at the table (they all left, everyone of them), after 6 months I had about 2 mil AUM (which some were house accounts I converted because they did business with me) and the branch manager decided because he liked me he gave me another 8 mil from someone who left. I worked hard and built my book up to about 12 mil after a year. Meanwhile, I had a friend who was in the bank channel for several years. His first year he had made 60K, his second 85K and then 120K etc etc. Today he makes well over 200K, I decided I was going nowhere being that I wasn’t making as much as he did in his first year.



I started in the bank environment with about 20 others not rookies, but mostly newbies. Wirehouse failures and insurance guys etc. Today I think just about everyone of them are still in the business all making decent money. So people on these boards say the bank sucks, I laugh. I could take a huge check to go to any wirehouse I wanted, not going. I will add the megabanks are not a good place to work not just as an FA, but in any position they tend to change things to often and when you work on commission that is tough. So if you’re failing and passionate about the business it’s not your fault your not cutting it look elsewhere for a position.

Geesh - Just accept that fact that you didn't make it in the wirehouse environment. That's not bad, it's just that you are not the right type of person to succeed in a wirehouse environment.

It takes a certain type of entrepreneur, with a flair for rainmaking to tramslate personal/business relationships into wealth management relationships. Some people are good at it, some are good at other things.

Of course we all enter the business with high expectations. Of course the managers and companies that hire us have high expectations. Who would put tens of thousands of dollars into training for someone they expected to fail? It's a crapshoot on the part of the rep, and the company that hires them. But, maybe 3 in 10 stick, and become gazillion-dollar producers.

I'm glad that you're happy at the bank. I don't think that I would thrive in that environment, because I like knowing that the sky is the limit, and there's no ceiling to earning.

Good Luck. Nothing wrong with telling your experiences, please don't try to poison the water because you didn't fit. That is just your story-not necessarily what anyone else would experience.

[quote=bankrep1]My writing skills become worse with every drink and when I worte that I had a few.



[/quote]

I sorta guessed as much.  I hope you weren’t at the office.

Actually, most of what he is saying is true.  But, hopefully the firm was honest with you about the failure rate before they hired you.

There is nothing wrong with the bank, as long as they don't make you push product.  Or put quotas on you.  If you are doing the right thing for the client, it does not matter where you are.

I think what some of these large firms do to young people and their families is disgusting.  Ameriprise is one of the biggest offenders.

[quote=DaDonald]

Geesh - Just accept that fact that you didn’t make it in the wirehouse environment. That’s not bad, it’s just that you are not the right type of person to succeed in a wirehouse environment.

It takes a certain type of entrepreneur, with a flair for rainmaking to tramslate personal/business relationships into wealth management relationships. Some people are good at it, some are good at other things.

Of course we all enter the business with high expectations. Of course the managers and companies that hire us have high expectations. Who would put tens of thousands of dollars into training for someone they expected to fail? It’s a crapshoot on the part of the rep, and the company that hires them. But, maybe 3 in 10 stick, and become gazillion-dollar producers.

I’m glad that you’re happy at the bank. I don’t think that I would thrive in that environment, because I like knowing that the sky is the limit, and there’s no ceiling to earning.

Good Luck. Nothing wrong with telling your experiences, please don’t try to poison the water because you didn’t fit. That is just your story-not necessarily what anyone else would experience.

I tell ya I woked at a spinoff of Ameriprise here … where I am the guy left and took over a billion with him from American Express … then he went on to replicate the system… hires the kids right out of school so they know no different then its get your friends …parents relatives ect involved…then go and phone for 12 hours a day and then make only $22k a year cause your are coming up … oh and the work day is 6 days a week… and they have a huge failure rate… instead taking in a couple of good propsects…they hire in mass to fail … sad .really sad…

This bank rep character is a complete a$$

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 You don’t leave Merrill after about a year having 10 mil AUM just because you are not making enough- give me a break.  There are other reasons why you failed.  Period! 

Your also hammered at 8 pm typing on an internet forum about how much it sucks to work at a wire house- what a joke! 

Who said I worked at Merrill? I have not been “hammered” in awhile. You must be 23.

Actually, you told me you worked at Merrill. 

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

You openly admit the fact that when you wrote your original post you were intoxicated, hence the use of the word “hammered”.   

I am 27, at a wire, and doing fairly well…..     

Having some drinks and hammered are hardly the same. I guessed as much, fairly well to a 27 yr. old means making more than his friend who works at enterprise rent-a-car.

No, actually I am making SPIT now. 

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

When I say I am doing well, I mean that I am getting out in front of people and they are starting to trust me.  To me, doing well means opening accounts and exceeding my numbers. 

Monetary compensation is mot my main concern now.  If I prospect, open accounts, build trust, and do the best thing for my clients; there is no question the money will come in a few years…..    

When you break six figures you can start giving your opinion as of right now you should take my advice and dig deep into whether your on track to make any money ever.

Hey I have a few in me and write some funny stuff on this, but I am far from drunk.



Success in this business may be surviving through a bear market. Don’t think we have had one of those in a bit.

You are correct bankrep.. 

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

The only subjects I giver offer advice on is how to break into the industry, how hard it can be to cold call, etc..  

I only offer recommendations on subjects I know inside and out.  I do however ask for advice from individuals on this forum, who I know for a fact, are real brokers. 

If you really want to call me out, ask me the tough questions……….

DirtyDeltaBro

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Airforce:

Where are you with your job search?  Have you started with a firm yet?  

[quote=AirForce] Hey I have a few in me and write some funny stuff on

this, but I am far from drunk.



Success in this business may be surviving through a bear market. Don’t

think we have had one of those in a bit.[/quote]



I’m guessing that you weren’t in this business during the 2001-2002

meltdown.

[quote=bankrep1]When you break six figures you can start giving your opinion as of right now you should take my advice and dig deep into whether your on track to make any money ever.[/quote]

You’re pretty arrogant for a bank employee who sits in the lobby slingin VA’s at little old ladies that the tellers send over…

Joe,



I have an office with a door and the majority of my clients are boomers.

Hammered again? don`t you mean majority of your clients wear bloomers

[quote=bankrep1]Joe,

I have an office with a door and the majority of my clients are boomers.[/quote]

The little guy who runs out to talk to me about ideas for my high cash balance in my checking account has an office with a door. I think he's 22 1/2 years old.

Starka… Nope



Dirty: VP of Operations (firm of two)





Good luck to you all.

[quote=My Inner Child]

[quote=bankrep1]Joe,

I have an office with a door and the majority of my clients are boomers.[/quote]

The little guy who runs out to talk to me about ideas for my high cash balance in my checking account has an office with a door. I think he's 22 1/2 years old.

[/quote]

Just put your money into one of those 10 year EIA's you shove everyone in...oh wait...you don't own one yourself?  Why not? 

Oh ya EIA’s are better than VA’s because they have no fee’s that is what one of my clients was told by an FA

You bank kids are funny.

[quote=My Inner Child]You bank kids are funny. [/quote]

Translation:  I just got burned, and I can't make a comeback.

[quote=BankFC]

[quote=My Inner Child]You bank kids are funny. [/quote]

Translation:  I just got burned, and I can't make a comeback.

[/quote]

You're right. How can I possibly recover from a shot taken by a bank kid whose first name is sewn into his shirt.

[quote=My Inner Child] [quote=BankFC]

[quote=My Inner Child]You bank kids are funny. [/quote]

Translation: I just got burned, and I can’t make a comeback.

[/quote]

You’re right. How can I possibly recover from a shot taken by a bank kid whose first name is sewn into his shirt.

Bankrep – you’re a joke.

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Your posts are garbage, your advice is garbage, and you have a really negative attitude.   

Dirty-

Maybe if you spent your time listening to you wouldn’t make- How did you say it - SPIT -is how you phrased what you make. I am not sure what that is, but it doesn’t sound good.

[quote=bankrep1] [quote=My Inner Child] [quote=BankFC]

[quote=My Inner Child]You bank kids are funny. [/quote]

Translation:  I just got burned, and I can't make a comeback.

[/quote]

You're right. How can I possibly recover from a shot taken by a bank kid whose first name is sewn into his shirt.

[/quote]

My counterpart is 60 and has been in the same environment for 30 years I wonder if you are referring to him as a kid. Am I still a kid in my 30's? I think your jealous that people call me all day everyday and you stare at the phone telling yourelf 90% of nothing is better than 40% of a million.[/quote]

If you're at a bank, you're a kid. If you're an assistant to a 60 year old that works for a bank, you're a child.

[quote=My Inner Child][quote=bankrep1] [quote=My Inner Child] [quote=BankFC]

[quote=My Inner Child]You bank kids are funny. [/quote]

Translation:  I just got burned, and I can't make a comeback.

[/quote]

You're right. How can I possibly recover from a shot taken by a bank kid whose first name is sewn into his shirt.

[/quote]

My counterpart is 60 and has been in the same environment for 30 years I wonder if you are referring to him as a kid. Am I still a kid in my 30's? I think your jealous that people call me all day everyday and you stare at the phone telling yourelf 90% of nothing is better than 40% of a million.[/quote]

If you're at a bank, you're a kid. If you're an assistant to a 60 year old that works for a bank, you're a child.

[/quote]

If you're a bottom feeder that shoves little old ladies into EIA's all day, you're a crook.

[quote=bankrep1]Oh ya EIA's are better than VA's because they have no fee's that is what one of my clients was told by an FA[/quote]

I just had a similar experience.    Client came to me for a 2nd opinion on a VA contract he was solicited from another advisor.

I explained there are other alternatives but if after I explain the big picture to you I can present the same exact VA product you were solicited.    I explained the fee strucuture initially and when he was told the fees average around 3% a year he was surprised yet dismayed that he was never even told this.    This gave me instant credibility.

Whether I make the sale with him or not I felt I did him a service to make an informed decision in this particular case.

Again, I have no clue why there seems to be some kind of bias concerning working as an FA within a bank program.    Whether you are indy, wire, or bank each has it pros and cons.

Happily wearing my name tag,

Scrim

LOL. 

Scrim, seriously, you don't wear a name tag do you?  

Scrim,



nametag?

name badge technically.

Badge, Tag it's all the same to me.

scrim

And just to add for some of you out there that are convinced the bank program is awash with the can't hack'its or the afraid to try ..or to  young to whatever.. I just thought to give you a run down of where I work and let you decide for yourselves..

I have a book over 80 million in place

I have an assistant that I share with one other producer

I grossed over $500k last year @ 35% with a 2 point bonus (paid in Feb)

I have a team of people to call on from trust services to private lenders

I have my own office where I look out a window ..

I have a pension ..(yeah they still make those)

I have recieved in the past stock options

I make my own hours

And no there are no nametags .. I wear a suit everyday

and I am 35 with 10 years in the biz..

SO if that is a crap life .. then call me s**te and pile me up..

just my 2 cents

[quote=whitewlfz]

And just to add for some of you out there that are convinced the bank program is awash with the can't hack'its or the afraid to try ..or to  young to whatever.. I just thought to give you a run down of where I work and let you decide for yourselves..

I have a book over 80 million in place

I have an assistant that I share with one other producer

I grossed over $500k last year @ 35% with a 2 point bonus (paid in Feb)

I have a team of people to call on from trust services to private lenders

I have my own office where I look out a window ..

I have a pension ..(yeah they still make those)

I have recieved in the past stock options

I make my own hours

And no there are no nametags .. I wear a suit everyday

and I am 35 with 10 years in the biz..

SO if that is a crap life .. then call me s**te and pile me up..

just my 2 cents

[/quote]

If you're happy with only doing $500,000 after 10 years, I'm happy for you. I think Bankfc and Bankrep are doing about $1,000,000 after 9 months or something like that.

My Inner Child,



Where did you get a million from?



White,



Your situation sounds very similar to my own, I guess we just let these idiots stay in the dark.

[quote=whitewlfz]

And just to add for some of you out there that are convinced the bank program is awash with the can’t hack’its or the afraid to try …or to  young to whatever… I just thought to give you a run down of where I work and let you decide for yourselves…

I have a book over 80 million in place

Yes but it's not really yours no matter how much you'd like to think that.  Piss off the wrong manager and they can start reassigning your accounts or branches to other advisors under the rubric of "providing better client service".

I have an assistant that I share with one other producer

See above.  However, the excuse in this case will usually fall along the lines of "greater efficiency" or "expense control".

I grossed over $500k last year @ 35% with a 2 point bonus (paid in Feb)

That's only impressive when compared to other bank and credit union brokers.  I'll earn more than you on 250-300k gross, and the business is mine to do what I please with it.

I have a team of people to call on from trust services to private lenders

How many of them really know what they're doing?  If aren't any good at their expertise, can you go to someone else?

I have my own office where I look out a window ..

Me too.

I have a pension ..(yeah they still make those)

I'll concede that is a nice benefit.  Wish I had one.  Oh wait....I can set one up tomorrow if I feel like it.    No committee meetings, just call a TPA and do it.

I have recieved in the past stock options

I make my own hours

So do I.  How often are your sales meetings?

And no there are no nametags .. I wear a suit everyday

I wear jeans and a T-shirt unless I have a meeting.

and I am 35 with 10 years in the biz..

That's about how old I was when I started to get tired of the conflicts of interest and political BS, and started to think that "There must be a better way to do this."

Maybe that will never happen to you.  I don't think you have a crap life, it's just not as good as you think it is.  Either way, all my joking with you bank guys aside, it doesn't make you a bad person or less of an advisor.  You do need to realize that there are an awful lot of mouth-breathing pikers on your side of the business, and that is why people have certain stereotyped ideas of you.

SO if that is a crap life .. then call me s**te and pile me up..

just my 2 cents

Joe,

His life isn't as good as he think's it is?  There is more to life than owning your book as an indy and a higher payout.

If he (or anyone else for that matter) makes enough to keep them happy,then who cares what's being "left on the table."  If that was the case, then every wirehouse broker over 500K are idiots for not going indy.  It just isn't the case.

The largest producer I've ever worked with (close to two mil) was divorced, overweight, and stressed to the hilt.  I wouldn't trade places with him for his two mil, even if it was at 90%.

[quote=BankFC]

Joe,

His life isn't as good as he think's it is?  There is more to life than owning your book as an indy and a higher payout.

If he (or anyone else for that matter) makes enough to keep them happy,then who cares what's being "left on the table."  If that was the case, then every wirehouse broker over 500K are idiots for not going indy.  It just isn't the case.

The largest producer I've ever worked with (close to two mil) was divorced, overweight, and stressed to the hilt.  I wouldn't trade places with him for his two mil, even if it was at 90%.

[quote=BankFC]

Joe,

His life isn't as good as he think's it is?  There is more to life than owning your book as an indy and a higher payout.

If he (or anyone else for that matter) makes enough to keep them happy,then who cares what's being "left on the table."  If that was the case, then every wirehouse broker over 500K are idiots for not going indy.  It just isn't the case.

The largest producer I've ever worked with (close to two mil) was divorced, overweight, and stressed to the hilt.  I wouldn't trade places with him for his two mil, even if it was at 90%.

[/quote]

Honey Chile, you work for a bank. They own your book and they own YOU.

[quote=My Inner Child][quote=BankFC]

Joe,

His life isn't as good as he think's it is?  There is more to life than owning your book as an indy and a higher payout.

If he (or anyone else for that matter) makes enough to keep them happy,then who cares what's being "left on the table."  If that was the case, then every wirehouse broker over 500K are idiots for not going indy.  It just isn't the case.

The largest producer I've ever worked with (close to two mil) was divorced, overweight, and stressed to the hilt.  I wouldn't trade places with him for his two mil, even if it was at 90%.

[/quote]

Honey Chile, you work for a bank. They own your book and they own YOU.

[/quote]

Wow...great comeback....and honey chile?? Is it 1930??  C'mon, you can do better than that.

[quote=TheDude][quote=My Inner Child][quote=BankFC]

Joe,

His life isn't as good as he think's it is?  There is more to life than owning your book as an indy and a higher payout.

If he (or anyone else for that matter) makes enough to keep them happy,then who cares what's being "left on the table."  If that was the case, then every wirehouse broker over 500K are idiots for not going indy.  It just isn't the case.

The largest producer I've ever worked with (close to two mil) was divorced, overweight, and stressed to the hilt.  I wouldn't trade places with him for his two mil, even if it was at 90%.

[/quote]

Honey Chile, you work for a bank. They own your book and they own YOU.

[/quote]

Wow...great comeback....and honey chile?? Is it 1930??  C'mon, you can do better than that.

[/quote]

What about hunnah chow?

[quote=joedabrkr] [quote=whitewlfz]

And just to add for some of you out there that are convinced the bank program is awash with the can't hack'its or the afraid to try ..or to  young to whatever.. I just thought to give you a run down of where I work and let you decide for yourselves..

I have a book over 80 million in place

Yes but it's not really yours no matter how much you'd like to think that.  Piss off the wrong manager and they can start reassigning your accounts or branches to other advisors under the rubric of "providing better client service".

As for the reassignments of accounts has happened yet in time there I have been with the bank now for 4 years ..

I have an assistant that I share with one other producer

See above.  However, the excuse in this case will usually fall along the lines of "greater efficiency" or "expense control".

We have always had assistants to help with our biz.. just the ratio is no in alignment to really grow our practices

I grossed over $500k last year @ 35% with a 2 point bonus (paid in Feb)

That's only impressive when compared to other bank and credit union brokers.  I'll earn more than you on 250-300k gross, and the business is mine to do what I please with it

True enough statement about earnings ...as for the business make and how I earn it ..I am not dictated to nor am I instructed as to how the mix should be..and I can pretty muchly do as I please.

I have a team of people to call on from trust services to private lenders

How many of them really know what they're doing?  If aren't any good at their expertise, can you go to someone else?

Yes I can use whomeever I would like for my clients .. The bank's position is we are in the control seat with what is in the best interest of our clients.. so they do not interfere..

I have my own office where I look out a window ..

Me too.

As most inidie's do. .the point of that comment was to saw we don't all sit in cubes with our nametags and waiting for grandma to come in to sell her a fa ..

I have a pension ..(yeah they still make those)

I'll concede that is a nice benefit.  Wish I had one.  Oh wait....I can set one up tomorrow if I feel like it.    No committee meetings, just call a TPA and do it

Fair enough ..but understand that all falls in to the overall comp of the bank structure (so that when all the wire and inide snipers are taking potshots at us understand it is there)  NOT to mention if I can sweat it out ..there is no cap on what my comp is.. for example I am earning $1,000,0000 ((which there are guys in my bank doing this)) .. it is the average of 5 highest out of 10 years ..how cool eh).

I have recieved in the past stock options

No commetn eh?

I make my own hours

So do I.  How often are your sales meetings?

Once a week ..now mind you as being part of a corporate oragnism ..because really it is .. like that . I think ..more on my theory on that later...anyway we have them one time a week for one hour.. so not too bad .. other than that I am a freebird to be honest ..I have missed them on occassion to grab a coffee with a client or something of the like..

And no there are no nametags .. I wear a suit everyday

I wear jeans and a T-shirt unless I have a meeting.

I don't mind the suit ..personally but to have the option would be nice once in a while.. I don't think if I did though it would be jeans and a t-shirt ..but none the less..

and I am 35 with 10 years in the biz..

That's about how old I was when I started to get tired of the conflicts of interest and political BS, and started to think that "There must be a better way to do this."

Maybe that will never happen to you.  I don't think you have a crap life, it's just not as good as you think it is.  Either way, all my joking with you bank guys aside, it doesn't make you a bad person or less of an advisor.  You do need to realize that there are an awful lot of mouth-breathing pikers on your side of the business, and that is why people have certain stereotyped ideas of you.

I know there is alot of dead weight ..but in the current bank system that I am at ..we are restructuring so that those guys are the ones you see on the bank floor ..name badge toting types..then the rest of us are in an office somewhere ..now mind you it does lead to a conundrum we have been speaking about ..if the bank stops sending you an occasional lead (be it only $100k or something like that ..because at my bank that is the min. for a lead) .. what is the point of being there.. .. we have discussed that also .. and have talked seriously about where to go from there..

SO if that is a crap life .. then call me s**te and pile me up..

just my 2 cents

[quote=whitewlfz][quote=joedabrkr] [quote=whitewlfz]

EEK I NEED A TYPO MAKEOVER.. SEE BELOW FOR CORRECTIONS ...I THOUGHT TO DO THIS BEFORE THE ENGLISH NAZI'S RAINED A FURY OF COMMENTARY OVER MY LAST POST

And just to add for some of you out there that are convinced the bank program is awash with the can't hack'its or the afraid to try ..or to  young to whatever.. I just thought to give you a run down of where I work and let you decide for yourselves..

I have a book over 80 million in place

Yes but it's not really yours no matter how much you'd like to think that.  Piss off the wrong manager and they can start reassigning your accounts or branches to other advisors under the rubric of "providing better client service".

As for the reassignments of accounts It has not happened yet in my  time I have been with the bank Which is now for 4 years ..

I have an assistant that I share with one other producer

See above.  However, the excuse in this case will usually fall along the lines of "greater efficiency" or "expense control".

We have always had assistants to help with our biz.. just the ratio is now in alignment to really grow our practices but even before we shared them on a ratio of 1 to 4 producers.. good for paperwork not good for customer serives ...but now that is different

I grossed over $500k last year @ 35% with a 2 point bonus (paid in Feb)

That's only impressive when compared to other bank and credit union brokers.  I'll earn more than you on 250-300k gross, and the business is mine to do what I please with it

True enough statement about earnings ...as for the business I make and how I earn it ..I am not dictated to nor am I instructed as to how the mix should be..and I can pretty much do as I please.

I have a team of people to call on from trust services to private lenders

How many of them really know what they're doing?  If aren't any good at their expertise, can you go to someone else?

Yes I can use whomeever I would like for my clients .. The bank's position is we are in the control seat with what is in the best interest of our clients.. so they do not interfere..

I have my own office where I look out a window ..

Me too.

As most inidie's do. .the point of that comment was to say we don't all sit in cubes with our nametags and waiting for grandma to come in to sell her a fa ..

I have a pension ..(yeah they still make those)

I'll concede that is a nice benefit.  Wish I had one.  Oh wait....I can set one up tomorrow if I feel like it.    No committee meetings, just call a TPA and do it

Fair enough ..but understand that all falls in to the overall comp of the bank structure (so that when all the wire and inide snipers are taking potshots at us understand it is there)  NOT to mention if I can sweat it out ..there is no cap on what my comp is.. for example I am earning $1,000,0000 ((which there are guys in my bank doing this)) .. it is the average of 5 highest out of 10 years ..how cool eh).

I have recieved in the past stock options

No commetn eh?

I make my own hours

So do I.  How often are your sales meetings?

Once a week ..now mind you as being part of a corporate oragnism ..(because really it is .. like that . I think ..more on my theory on that later...) anyway we have them one time a week for one hour.. so not too bad .. other than that... I am a freebird ans to be honest ..I have missed them on occassion to grab a coffee with a client or something of the like..

And no there are no nametags .. I wear a suit everyday

I wear jeans and a T-shirt unless I have a meeting.

I don't mind the suit ..personally but to have the option would be nice once in a while.. I don't think if I did though it would be jeans and a t-shirt ..but none the less..

and I am 35 with 10 years in the biz..

That's about how old I was when I started to get tired of the conflicts of interest and political BS, and started to think that "There must be a better way to do this."

Maybe that will never happen to you.  I don't think you have a crap life, it's just not as good as you think it is.  Either way, all my joking with you bank guys aside, it doesn't make you a bad person or less of an advisor.  You do need to realize that there are an awful lot of mouth-breathing pikers on your side of the business, and that is why people have certain stereotyped ideas of you.

I know there is alot of dead weight ..but in the current bank system that I am at ..we are restructuring so that those guys are the ones you see on the bank floor ..name badge toting types..then the rest of us are in an office somewhere ..now mind you it does lead to a conundrum we have been speaking about ..if the bank stops sending you an occasional lead (be it only $100k or something like that ..because at my bank that is the min. for a lead) .. what is the point of being there.. .. we have discussed that also .. and have talked seriously about where to go from there..

SO if that is a crap life .. then call me s**te and pile me up..

just my 2 cents

In my bank program I more often that not LOVE when accounts get reassigned.

Since in a bank program we have a "territory", about once a year my manager asks me which accounts I would like to have reassigned that are out of this territory.

This pares my book of business and allows me to focus on more quality accounts.

scrim

[quote=whitewlfz]

Fair enough …but understand that all falls in to the overall comp of the bank structure (so that when all the wire and inide snipers are taking potshots at us understand it is there)  NOT to mention if I can sweat it out …there is no cap on what my comp is… for example I am earning $1,000,0000 ((which there are guys in my bank doing this)) … it is the average of 5 highest out of 10 years …how cool eh).

As a point of fact under current tax law your qualified DB plan cannot consider more than your first $170,000 in income for purposes of calculating your pension benefit.  Still, that's a nice income supplement.

I have recieved in the past stock options

No commetn eh?

Sure-I'll comment-

1.)  First of all at my end I own the whole darn thing, so I don't need stock options. ;-)

2.)  I'll take a higher net cash flow over options any day.

3.)  FWIW some of the larger producers at my b/d a few years ago were granted options that-if we ever go public-could be worth quite a bit from what I understand.  I was affiliated with the firm when those grants were made, so we'll have to see what the future brings.