Newcomer here
I feel like this is a dream come true. I was talking to a guy who works in the financial industry this past week and thought that it was just basic small talk, but it turns out he's an RVP at Primerica. I've never had any experience in finances or anything like that (currently an administrative assistant at a major corporation), but he mentioned that I seem to have the drive to succeed and people skills that would be necessary to make well into the 6 -figure category at his firm within 2-3 years. He mentioned that Primerica is one of the most well-respected companies in the industry, which is VERY important to me, and all I need to do is learn a few products and I should be ready to go in just a few weeks. I gave him some initiation fee that pays for my licenses and stuff, so once my licenses and registrations arrive hopefully in a week or so, I will be ready to sell just like all the other head-honchos on this forum!
My only question is has anyone had any prior experience with Primerica, and is it a place that many of you aspire to get to once you've built your resume up a little more or is it more of a local company that thrives PRIMarily (no pun intended!) in my area of the country? Thanks in advance for your responses.You paid an initiation fee for your licenses? What about the tests? How are you going to sell in a week or so without passing the tests first?
Not to violently burst your bubble into a million little pieces, but every experience I've had with Primerica clients shows me that this a sub-par firm that limits what the advisor can do and sell. I would never want to ever work for that company and I would not advise anyone else to either. If this is a dream come true for you, I would research things a little more. But, seeing how you already paid an initiation fee after meeting this guy in the last week without doing proper due diligence, you deserve whatever hell you're about to put yourself through when you find out Primerica isn't what you want. By the way, I might add that if you pay anything in the form of an initiation fee for your licenses, you're probably getting duped. No solid firm makes you pay upfront for that stuff. The more and more I think about it, I can't help but feel sorry for your naivity in this situation.Even though your post is fake … I know you’ll kill it there!
oh boy, here we go.
you poor thing you
haha is this a joke? it has to be…i just hope that i can aspire to work there when i build my resume up. lol
I suspect Putsy’s been into the rubbing alcohol and off the Alzheimer’s meds.
[quote=snaggletooth]You paid an initiation fee for your licenses? What about the tests? How are you going to sell in a week or so without passing the tests first?
The initiation fee was to pay for the licensing. I should have just said 'licensing fee'. I'll take the tests in my spare time, they said I have a 180 day window. Not to violently burst your bubble into a million little pieces, but every experience I've had with Primerica clients shows me that this a sub-par firm that limits what the advisor can do and sell. I would never want to ever work for that company and I would not advise anyone else to either. If this is a dream come true for you, I would research things a little more. But, seeing how you already paid an initiation fee after meeting this guy in the last week without doing proper due diligence, you deserve whatever hell you're about to put yourself through when you find out Primerica isn't what you want. I didn't pay him right away, I thought about it for a little bit and concluded it was the best direction for my career. I can learn the business as I go, and the hardest part will be learning which investments suit people of all different ages and timespans. If I'm able to limit myself to 50-60 clients in the first year, my RVP told me I should have enough time to spend on each case and give each person the attention they need. He also said I may hear some negativity from some people in the industry about Primerica but it is like that everywhere. We're all competition so of course each person doesn't think every other firm is the best. By the way, I might add that if you pay anything in the form of an initiation fee for your licenses, you're probably getting duped. No solid firm makes you pay upfront for that stuff. The more and more I think about it, I can't help but feel sorry for your naivity in this situation. I figured I probably worded my description of it wrong. "Initiation fee" was probably not the best way to describe it, but I thought everybody in the industry paid a cost upfront to go through licensing and whatever processing and administration stuff they do to get me set up so I figured you all would understand what it meant. My fault on that one.[/quote]What do you mean about it being a joke? Do most people usually have to work their way up to a firm like this? It's not a joke though, the RVP literally gave me an offer on the spot. I was floored when it happened too, but I guess that just puts more pressure on me to perform starting ASAP!haha is this a joke? it has to be…i just hope that i can aspire to work there when i build my resume up. lol
I can’t stop laughing… Or crying I am not sure which right now…
how old are u bigmoney? I’m just curious
[quote=Bigmoneyhoney][quote=snaggletooth]You paid an initiation fee for your licenses? What about the tests? How are you going to sell in a week or so without passing the tests first?
The initiation fee was to pay for the licensing. I should have just said 'licensing fee'. I'll take the tests in my spare time, they said I have a 180 day window. Not to violently burst your bubble into a million little pieces, but every experience I've had with Primerica clients shows me that this a sub-par firm that limits what the advisor can do and sell. I would never want to ever work for that company and I would not advise anyone else to either. If this is a dream come true for you, I would research things a little more. But, seeing how you already paid an initiation fee after meeting this guy in the last week without doing proper due diligence, you deserve whatever hell you're about to put yourself through when you find out Primerica isn't what you want. I didn't pay him right away, I thought about it for a little bit and concluded it was the best direction for my career. I can learn the business as I go, and the hardest part will be learning which investments suit people of all different ages and timespans. If I'm able to limit myself to 50-60 clients in the first year, my RVP told me I should have enough time to spend on each case and give each person the attention they need. He also said I may hear some negativity from some people in the industry about Primerica but it is like that everywhere. We're all competition so of course each person doesn't think every other firm is the best. By the way, I might add that if you pay anything in the form of an initiation fee for your licenses, you're probably getting duped. No solid firm makes you pay upfront for that stuff. The more and more I think about it, I can't help but feel sorry for your naivity in this situation. I figured I probably worded my description of it wrong. "Initiation fee" was probably not the best way to describe it, but I thought everybody in the industry paid a cost upfront to go through licensing and whatever processing and administration stuff they do to get me set up so I figured you all would understand what it meant. My fault on that one.[/quote] [/quote] Read between the lines...that's where the real information is. The lines, in this case, are your words.31how old are u bigmoney? I’m just curious
31[/quote][quote=airisthere]how old are u bigmoney? I’m just curious
...and your measurements? Height? Weight?
I think Primerica is the only MLM program that my wife hasn’t hosted a party for. We’ve had Pampered Chef, Tupperware, Arbonne, some sex party stuff (the only useful one she’s had as far as I’m concerned), Uppercase Living, and some others that escape me. When she decides to have a Primerica party we’re getting a divorce.
(Warning Jones Joke coming) When she decides to have a Primerica party we’re getting a divorce Is that really that for off from Jones (well except the individual bonds)
That’s just plain mean.
No, Ice is absolutely correct about this one. Primerica is king. I have a nice practice and over the course of the last 7 years, I’ve interviewed with them 3 different times and never made it to the second interview. They’re highly particular. I’m thinking about trying again this year. They’re part of Citigroup! The naysayers are just jealous. They’ve done an incredible job of ridding the country of the evil whole life products ever since they were A.L. Williams. Now, their reps are unstoppable. I’d work for free for a year just to learn their system and have a chance to get a paying job with them.
MLM? Primerica is a brokerage house.I think Primerica is the only MLM program that my wife hasn’t hosted a party for. We’ve had Pampered Chef, Tupperware, Arbonne, some sex party stuff (the only useful one she’s had as far as I’m concerned), Uppercase Living, and some others that escape me. When she decides to have a Primerica party we’re getting a divorce.
Lol, I know it may be tough, but don't blow it out of proportion! One thing that did intrigue me, and you're right, is the whole life vs. term. It definitely made sense when my RVP explained it to me, and its a shame that so many people out there are using whole life when its just an expensive alternative. I haven't met any of the other Primerica advisors though, but I'm sure the 1st couple days in the new office will be pretty intimidating.No, Ice is absolutely correct about this one. Primerica is king. I have a nice practice and over the course of the last 7 years, I’ve interviewed with them 3 different times and never made it to the second interview. They’re highly particular. I’m thinking about trying again this year. They’re part of Citigroup! The naysayers are just jealous. They’ve done an incredible job of ridding the country of the evil whole life products ever since they were A.L. Williams. Now, their reps are unstoppable. I’d work for free for a year just to learn their system and have a chance to get a paying job with them.
Did that guy really say Primerica was a premier brokerage firm? I think he's really the RVP, trying a new recruiting techinque....good luck brother.
MLM? Primerica is a brokerage house.[/quote] Yeah, you keep thinking that. "Brokerage houses" don't spend their time telling people to buy term and invest the rest. If you're going to try to build a biz selling term life, more power to you, but don't quit your day job. Look, if you really want to build an insurance biz do it through someplace like Northwestern Mutual. If you want to work for a real "brokerage house" go to work for Smith Barney, also a part of Citi, or Morgan Stanley or Edward Jones or any of the other big names out there. They don't make you pay them to get your licenses. They train you. They don't have you spending your time trying to sign up other people to sell term life part time so they can get a cut. Primerica is the MLM of the financial world. I'm suprised Citi would keep that name under their umbrella. Good luck to you.[quote=Spaceman Spiff]I think Primerica is the only MLM program that my wife hasn’t hosted a party for. We’ve had Pampered Chef, Tupperware, Arbonne, some sex party stuff (the only useful one she’s had as far as I’m concerned), Uppercase Living, and some others that escape me. When she decides to have a Primerica party we’re getting a divorce.
[quote=Spaceman Spiff] If you’re going to try to build a biz selling term life, more power to you, but don’t quit your day job.
[/quote] What's wrong with that? I build my book selling money market funds. I am known in my area as the money market peddler. I lick my chops when I get to slam people into those funds...Guys, I think this guy is just yanking YOUR chains. He’s sitting in his chair laughing his a$$ off at you. Re-read his posts. Nobody is THAT stupid.
Wanna bet?
Have you already forgotten about the self-diagnosed EDJ newbie?Yeah sigh … had an offer from MS, ML and AGE. Primerica shot me down in flames. I called again and told them I was producing presidents club in year two and they laughed at me and all’s I heard was click…sigh. Man!! I wish AGE had proprietary products I could sell.
[quote=Borker Boy]Wanna bet?
Have you already forgotten about the self-diagnosed EDJ newbie?[/quote] OK, got me there.I appreciate all the feedback. The first half-week was relatively tough. I think most of you guys are making it sound like this biz is a little tougher than it really is, at least starting out. All I’ve had to do so far is call a bunch of old friends I went to college with several years back, some extended and immediate family members and some former work colleagues and I’ve already set about 16 appointments. My RVP is saying if I can keep at that pace for only the next couple of years that I will be in really good shape. I don’t know if its just because of the company I work for or because I seem pretty natural on the phone but the response I’ve gotten has been pretty positive for the most part based on the calls I’ve made so far. I figure setting 16 meetings every 4 days for the next 3 years will be a good way to earn a living! Now I just have to learn the products we sell and be able to encourage those that I meet with to start doing what I do and we’ll be good to go. To all the fellow brokers out there, happy holidays!
I don't want to discourage you, but the calls you have made so far are the low hanging fruit. If you think this is tough, you are in for an unpleasant surprise when you start cold calling.I appreciate all the feedback. The first half-week was relatively tough. I think most of you guys are making it sound like this biz is a little tougher than it really is, at least starting out. All I’ve had to do so far is call a bunch of old friends I went to college with several years back, some extended and immediate family members and some former work colleagues and I’ve already set about 16 appointments. My RVP is saying if I can keep at that pace for only the next couple of years that I will be in really good shape. I don’t know if its just because of the company I work for or because I seem pretty natural on the phone but the response I’ve gotten has been pretty positive for the most part based on the calls I’ve made so far. I figure setting 16 meetings every 4 days for the next 3 years will be a good way to earn a living! Now I just have to learn the products we sell and be able to encourage those that I meet with to start doing what I do and we’ll be good to go. To all the fellow brokers out there, happy holidays!
A bunch of b.s. Must be bored with life to have started the post.
[quote=Bigmoneyhoney]I appreciate all the feedback. The first half-week was relatively tough. I think most of you guys are making it sound like this biz is a little tougher than it really is, at least starting out. All I’ve had to do so far is call a bunch of old friends I went to college with several years back, some extended and immediate family members and some former work colleagues and I’ve already set about 16 appointments. My RVP is saying if I can keep at that pace for only the next couple of years that I will be in really good shape. I don’t know if its just because of the company I work for or because I seem pretty natural on the phone but the response I’ve gotten has been pretty positive for the most part based on the calls I’ve made so far. I figure setting 16 meetings every 4 days for the next 3 years will be a good way to earn a living! Now I just have to learn the products we sell and be able to encourage those that I meet with to start doing what I do and we’ll be good to go. To all the fellow brokers out there, happy holidays! [/quote]
I need someone to do some financial planning for me and my mom. Can you help?
HAHAHAHAHAHA!!! IF THIS ISN’T A JOKE I’M RUNNING INTO TRAFFIC RIGHT NOW!!!
PRIMERICA!!!! ARE YOU SERIOUS?!? HAHAHA, QUIT YOUR JOB NOW, YOU SEEM LIKE A REAL GO GETTER, YOU CAN COME WORK FOR ME, ITS CALLED AMWAY, IF I SIGN UP 30 PEOPLE I QUIT SELLING AND MAKE MONEY ON THEM, AND IF THEY SIGN UP 30 PEOPLE... AND THEY SIGN UP 30 PEOPLE!!!! HAHAHAHAHAHAHAHAHAHAHAAHAHA, I CANT STOP LAUGHING AT THE THOUGHT THAT THERE IS A POSSIBILITY THAT THIS GUY IS SERIOUS!!!!! I PRAY FOR HIM!!!!! HAHAHAHA OH GOD, THE AFTERMATH!Wow! so you have your insurance license, series 7 or 6 and maybe 66 since the 14th of December! Rock on! Primarica gets all the quality meat. This job is simple, nothing too it.I appreciate all the feedback. The first half-week was relatively tough. I think most of you guys are making it sound like this biz is a little tougher than it really is, at least starting out. All I’ve had to do so far is call a bunch of old friends I went to college with several years back, some extended and immediate family members and some former work colleagues and I’ve already set about 16 appointments. My RVP is saying if I can keep at that pace for only the next couple of years that I will be in really good shape. I don’t know if its just because of the company I work for or because I seem pretty natural on the phone but the response I’ve gotten has been pretty positive for the most part based on the calls I’ve made so far. I figure setting 16 meetings every 4 days for the next 3 years will be a good way to earn a living! Now I just have to learn the products we sell and be able to encourage those that I meet with to start doing what I do and we’ll be good to go. To all the fellow brokers out there, happy holidays!
I lost a $25 million client to Primerica last week. He needed a more comprehensive array of investment banking, underwriting, and portfolio management services that I could provide him at my national wirehouse firm.
I dunno. Something magic just happens when a HNW client gets approached by a Primerica guy in his Sunday School class. As soon as I see them set up a breakfast appointment at Hardees, I know it’s over for me as the FA on the account.
Are you a woman? Do you have Google? If you’re trolling, nice job.
I appreciate all the advice so far. The vacation week was not as welcome as the week before in terms of setting appts, but my RVP says my calendar is pretty full for the month of January. I’m hoping to have my first client at some point this week, with 3 meetings on teh books between now and Wednesday. What do a lot of you fellow brokers see as good investments for 2009? I’m telling some of my colleagues and prospects that energy is looking like a hot sector, while also keeping an eye on medium cap value stocks. They didn’t have a very good year and could be poised for a rebound.
It's going to be funny when your old college buddies beat the shit out of you for trying to dupe them.I appreciate all the advice so far. The vacation week was not as welcome as the week before in terms of setting appts, but my RVP says my calendar is pretty full for the month of January. I’m hoping to have my first client at some point this week, with 3 meetings on teh books between now and Wednesday. What do a lot of you fellow brokers see as good investments for 2009? I’m telling some of my colleagues and prospects that energy is looking like a hot sector, while also keeping an eye on medium cap value stocks. They didn’t have a very good year and could be poised for a rebound.
[quote=Bigmoneyhoney]I appreciate all the advice so far. The vacation week was not as welcome as the week before in terms of setting appts, but my RVP says my calendar is pretty full for the month of January. I’m hoping to have my first client at some point this week, with 3 meetings on teh books between now and Wednesday. What do a lot of you fellow brokers see as good investments for 2009? I’m telling some of my colleagues and prospects that energy is looking like a hot sector, while also keeping an eye on medium cap value stocks. They didn’t have a very good year and could be poised for a rebound. [/quote]
Brokers love it when rookies share their market strategies with them.
you really are a prick.[quote=Bigmoneyhoney]I appreciate all the advice so far. The vacation week was not as welcome as the week before in terms of setting appts, but my RVP says my calendar is pretty full for the month of January. I’m hoping to have my first client at some point this week, with 3 meetings on teh books between now and Wednesday. What do a lot of you fellow brokers see as good investments for 2009? I’m telling some of my colleagues and prospects that energy is looking like a hot sector, while also keeping an eye on medium cap value stocks. They didn’t have a very good year and could be poised for a rebound. [/quote]
Brokers love it when rookies share their market strategies with them.
you really are a prick. [/quote] I don't see what the big deal is. This whole thread is a joke. Go back and re-read it. How could someone who has never been in finance meet a RVP, get licensed, and get meetings all in less then one month?[quote=Hank Moody] [quote=Bigmoneyhoney]I appreciate all the advice so far. The vacation week was not as welcome as the week before in terms of setting appts, but my RVP says my calendar is pretty full for the month of January. I’m hoping to have my first client at some point this week, with 3 meetings on teh books between now and Wednesday. What do a lot of you fellow brokers see as good investments for 2009? I’m telling some of my colleagues and prospects that energy is looking like a hot sector, while also keeping an eye on medium cap value stocks. They didn’t have a very good year and could be poised for a rebound. [/quote]
Brokers love it when rookies share their market strategies with them.
It is Primerica, I had one of these “regional” vp’s talk to me a few years ago. I had never heard of them so as a favor to a friend I said I would. So we’re talking and I’m asking him about salary/payout/accounts etc. because I’m thinking I bring a little extra to the table being in the business for 5 years and and he tells me that’s the beauty of it, everyone starts out the same. Trying to convince me it’s a good thing to go backward. All the other b.s. he talked about I didn’t hear a word.
That is why I thought it would be a great choice, is because even though I have zero experience, I'm still have as much advantage as anyone else thats starting out, no matter what their experience. Just got my first client today...my sister doesn't have as much assets as a client I hope to get in the future, but my RVP feels that she will be a great starting out spot. Once I pass the series 7 I'll be able to roll her Roth over here. Good thing the insurance exam didn't take long to pass, at least I'll be able to do something for her in the meantime.It is Primerica, I had one of these “regional” vp’s talk to me a few years ago. I had never heard of them so as a favor to a friend I said I would. So we’re talking and I’m asking him about salary/payout/accounts etc. because I’m thinking I bring a little extra to the table being in the business for 5 years and and he tells me that’s the beauty of it, everyone starts out the same. Trying to convince me it’s a good thing to go backward. All the other b.s. he talked about I didn’t hear a word.
Honey, do you know what MLM is?
Yea, but no thanks. My time is too booked up at this point to get involved with some pyramid scheme. I’ve been given the amway pitch half a dozen times since college
Gentlemen, we’ve been had.
Crap I don’t care if I have been had or not. I still feel better about myself. LOL. HOLY CRAP
Surely you're not just figuring this outGentlemen, we’ve been had.
Finally got my licenses. The 7 was about as hard as the SAT’s, I don’t think I’ve ever studied as hard for anything as I did for that. The good news is I have about 14 clients already since December, and now I’m able to actually recommend investments for them. My RVP has pretty much rolled as many assets over as possible for most of them and put them into the proper portfolio’s (about $65,000 total into mutual funds). He said now that I’m licensed he can give me a payout based off what he made from my clients accounts, probably around 10-15% of whatever the amount is.
I have done a little research on the net about Primerica and was surprised to see as much negativity about it as I did. I'm kinda disappointed I didn't do as much research beforehand, and of course my RVP had to convince me his company was the best, but obviously that isn't the popular opinion. With that being said, I'm still on my 10-12 meeting set per week pace, and have gotten about 1 client per week (4 within my family, 2 former co-workers, 4 friends, 2 from church and 3 from an investment club that I met at a driving range). I've never been more certain that my work ethic and the strength of my firm will position me to be making well into the 6 figures in the next 24 months. Our clients need us now more than ever, and need our knowledge to help them salvage their long term goals. It's a struggle that I'll look back on in a few years and laugh about. Anyone else having a decent year so far?Unreal
I thought the Mods banned trolls?
There’s no way this guy is serious.
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