New Here

Dude dont put your name on anything… For sure this board…  Good luck

Ok. Just out of curiosity why not even my first name?

Woah they’re taking the 7 at AMP now?  I thought it was the 6 over there…

Just want to say hello. I will be graduating from College and starting with Ameriprise in May. I have been working with the company my entire college career and will start out working under a great FA as an associate on Long Island. I am very excited for it. I passed my life and health and will be taking the 7 in June. I look foward to recieving input to strengthen and grow my career. Patrick

More or less I could probably find out who you are with info provided.. There really is no big deal, just be careful. Supervisors may an issue.. I just say use caution...

It can be a huge deal.  It could cost you your career.  As a registered rep with Ameriprise you are probably not allowed to post.  Why take a chance?

[quote=7GOD63]

More or less I could probably find out who you are with info provided.. There really is no big deal, just be careful. Supervisors may an issue.. I just say use caution...

[/quote]

7GOD63 person, are you even registered?  I seem to think you're the guy who's been posting on this forum for months but have not been able to find a sponsor.

Am I wrong?

I am sorry. I thought this was a legitamate website for helping people with their careers. I will move on.

[quote=AMP84]I am sorry. I thought this was a legitamate website for helping people with their careers. I will move on.[/quote]

Damn you're tough, kid.

Amp, it is a legitimate board.  Your b/d won't let you post on any board.  It's the nature of compliance in this business.

On the other hand, I have to bust on the board because there is precious little useful info on it.

AMP/AmEx/IDS and whatever they will be calling themselves tomorrow have required the 7 as long as I can recall.

And AMP84, I've located people knowing a great deal less than you had indicated here, so be cautious.  Feel free to post here, but don't post anything too personal. 

Yeah this could have been a legitimate site but everytime someone posts a question or concern to be answered you have:

1) Some idiot asking if you are someone who posted before under another name
2) People trashing this firm and that firm when they've never worked for any of them
3) Two or three guys just getting into an all out argument over which firm is best.

So I actully decided not to ask anymore question on here recently. Its just entertainment now.  Its scary that some of these guys are actually brokers. Some even at reputable firms.  I think they need to remember that clients come to these sites as well.  I could never get a straight answer. Only jokes and stuff.  Only a few have been actual help. Thanks to you professionals that actually want to help rookies with their questions. It seems the best advice comes from those with 15 yrs plus in the business. They dont have time for all this kid talk.

motu.. This board is like life.. You have a lot of crap thrown at you. Some of this information is good information and the rest is "noise".. Take what you can and block out the noise. 

flood.. Trying to do this right and I do have a sponsor. Is there something wrong with having everything in line before one becomes a RR? Or should we do what 9 out of 10 do, follow a path of failure?

[quote=7GOD63]

flood.. Trying to do this right and I do have a sponsor. Is there something wrong with having everything in line before one becomes a RR? Or should we do what 9 out of 10 do, follow a path of failure?

[/quote]

What are you doing that enhances your chances of success?

[quote=7GOD63]

Just want to say hello. I will be graduating from College and starting with Ameriprise in May. I have been working with the company my entire college career and will start out working under a great FA as an associate on Long Island. I am very excited for it. I passed my life and health and will be taking the 7 in June. I look foward to recieving input to strengthen and grow my career. Patrick

More or less I could probably find out who you are with info provided.. There really is no big deal, just be careful. Supervisors may an issue.. I just say use caution...

[quote=AMP84]

Ok. Just out of curiosity why not even my first name?

[/quote]

Honestly, all the people on the Internet and on this board are not good people.  Take out a new name and discard this one.  Your career is very important and you have given out too much information.  For the weirdos here, it would be very easy to pin down your exact office location.

Good luck.  Sorry about Ameriprise.

[quote=Big Easy Flood]

[quote=AMP84]I am sorry. I thought this was a legitamate website for helping people with their careers. I will move on.[/quote]

Damn you're tough, kid.

[/quote]

Whoosh!!! are you quitting that easily???  Ameriprise hires the best.

Flood: Well the honest truth is complex... Last year was just not a good time for me to become a new RR.

Preparation before I go....   Debt free with 30-50k in savings is a lot less stress for a new RR. Sporting a professional reliable car (paid off) is also a bonus. Having the wife in line with my career move is a good thing. Setting up a few organizations in future place of business to assist community is a good thing.

Although I strongly believe that 1 day of OJT would be more beneficial then 1 week of studying... I do my best to learn the concepts, trends and theories. Thank you flood and others for providing guidance.

Not sure if anyone here started INDY, but its not like joining SB, DW or MS. Even more so if its a one wo/man shop. Good things take time...

Amp -  this is not to deter your efforts. Get as much information as you can. This website gives you a good idea of what the hell is going on. There are numerous threads here that cover ways to improve your chance of becoming 1 of 10 that make it.

Also there is a daily thread about the pros and cons of most firms out there. There is good info on everything from new products, services and current trends. Just be careful on posting to much about your personal situation.

[quote=7GOD63]

Flood: Well the honest truth is complex... Last year was just not a good time for me to become a new RR.

Preparation before I go....   Debt free with 30-50k in savings is a lot less stress for a new RR. Sporting a professional reliable car (paid off) is also a bonus. Having the wife in line with my career move is a good thing. Setting up a few organizations in future place of business to assist community is a good thing.

Although I strongly believe that 1 day of OJT would be more beneficial then 1 week of studying... I do my best to learn the concepts, trends and theories. Thank you flood and others for providing guidance.

Not sure if anyone here started INDY, but its not like joining SB, DW or MS. Even more so if its a one wo/man shop. Good things take time...

[/quote]

If you are trying to start out as INDY, that means you will get no support.  Or very little.  It also means you have the highest payout.

So, you want to start out, brand new and go for the gold.  Did you think someone would hand that to you.  You have chosen the most difficult (yet profitable) road to pursue success.  Your plan should encompass many roadblocks along the way.

Yeeeppppppppeeeeerrrrr. I think a one year road block was rather large..... Try studying for the 7 for 12 months... IT SUCKED/s! Could have joined SB, MS or any other firm during this time, but no... This does not make me special, but I did get all my ducks in line...

More or less there is no trying about it. I am 86.4% the way there.

No one will hand me anything, but a new RR can provide a lot for the INDY. More or less like others have stated it has to be a win-win with a long term vision. Contract needs to be drawn up with everything covered. The trust and integrity of both parties can not be questioned.

Although one may be a new RR they can still bring a lot to the table... As in the difference between a 21 year old college graduate and a 32 year old experienced and proven leader.

Now little support...

What do you view as areas that require the most support?

My question is based around the fact that my associates who joined the big firms did not get much support.. More or less go to business and get on the phone...  The question really is focused on the fact that what makes a killer RR a good mgr or mentor/trainer. If one started at 21 and then made millions by 33, where did they ever get the expereience to coach and train properly?

What any new RR could use is someone to show a basic guideline on how to bring in the assets? Maybeeeee the big firms initial classes go over this, but I will never know.

So if senior partner were to say when you talk to people LISTEN!!!!!!!

Then when you have a clue... Hit a few key points... Maybeee the potential lack of retirement income, college savings for kids or asset allocation, insurance, mortgage savings, taxation (limited) or business planning.... What ever works for different parties..

Give some general advice, but offer to meet up in office... First meeting LISTEN - LISTEN - LISTEN and then read back what potential client stated...  Ask some questions...  Inform that you have some ideas, but would like a day or two to think over... Leave  a bit of suspense..

Then set up second meeting and go from there... Suggest and feel out the client..  Build trust.. Now if this is a direct referral since the new RR with 6 mths experience is a freaking GENIUS then wonderful...

Meeting 3.. assets are transfered and you complete the day with 6 more meetings with different clients. Have a Martini at 5PM (business write off and networking) attend the 7PM San Diego Town Committee and then go home to get laid with your hot a$$ wife. Ohh yeah and also drive home in the kick a$$ 98 BMW 7 series (since you are really to poor to get a 06, but look good anyways.)

3 years out your making 200k+.. Only 100k more the one is making now, but as an indy you are in control of your time life and business. At the same time you are also covering for the senior partner when he needs to take a week out of the office. Since the senior partner may one day turn over part of a monster portfolio to you.. RR is as loyal as a dog who just got bacon from a street begger.

10 years 2006 rookie RR, now 43, is making well over 1 million dollars a year. Life is good and he now has the 2006 7 series BMW (wants to mix with both the high end and middle class client base).. At that point RR retires, by joining numerous executive boards of Large Cap organizations and a Senatorial canidate... GOD BLESS AMERICA.. No wonder everyone wants to be in this business.

Of course the other option is one year failure who goes back to corporate America for 45 years (no more social security) and then dies! 

SO LIVE OR DIE?   

etirement planning and college savings.. Maybe hit a fear point (lack of retirement planning)..    LISSSSSSTTTENNN

All of this is based on my experiences talking to other RR's and after 12 years of client interaction outside the financial field.