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Jun 9, 2007 2:42 pm

Some people are just not worth the time as clients.  Sounds like this guy falls into the "too stupid to help" category.  You might work your butt of to land him, but you may end up being sorry.  He sounds like the kind who will fight you every step of the way in your investment proposals and then blame you when it all goes to bat sh*t.

If you do get him as a client, I suggest YOU lay out the ground rules on how the investor/advisor relationship works, what you expect from him and what he can expect from you.  If he doesn't agree or seems to balk, I would tell him that it doesn't seem that you and he will be able to have a satisfactory working relationship and that he will need to find another advisor after all.

I have fired several clients in my career for the above reasons.  Some of them had very substantial assets, but it was a relief every time to see them walk away.  Plus the satisfaction of just being able to tell them to hit the bricks. It was great to see the surprise on their faces that they weren't so special and that I wasn't going to grovel for their business.

I know in the beginning it really hurts to lose a "whale" but sometimes it is for the best.

Jun 9, 2007 2:52 pm

[quote=Dust Bunny]

I have fired several clients in my career for the above reasons.  Some of them had very substantial assets, but it was a relief every time to see them walk away.  Plus the satisfaction of just being able to tell them to hit the bricks. It was great to see the surprise on their faces that they weren't so special and that I wasn't going to grovel for their business.

[/quote]

One of my favorite parts of this business is firing difficult clients.  I had a really horrible one last year that was awful to my assistant.  So I let her fire her.  My SA loved it.

Go find someone that will make you money and will be a good client.  There are plenty out there.  Let someone else have this viper.

Jun 9, 2007 3:11 pm

[quote=Ferris Bueller][quote=Dust Bunny]

I have fired several clients in my career for the above reasons.  Some of them had very substantial assets, but it was a relief every time to see them walk away.  Plus the satisfaction of just being able to tell them to hit the bricks. It was great to see the surprise on their faces that they weren't so special and that I wasn't going to grovel for their business.

[/quote]

One of my favorite parts of this business is firing difficult clients.  I had a really horrible one last year that was awful to my assistant.  So I let her fire her.  My SA loved it.

Go find someone that will make you money and will be a good client.  There are plenty out there.  Let someone else have this viper.

[/quote]

I've only fired a few over the years, but each time I've done it I end up saying "Why did I wait so long to pull the plug on this clown?"
Jun 9, 2007 5:35 pm

If there is one thing we take away from this thread, is that there are alot of hostile and bitter manlets out there.



Ya’ll are making such a hollywood production out of this, while
fantasizing about being in control of other people. All this rage out
of what should be pretty simple situation.



You call the guy, and either he does or does not show up. And you set yourself ok with both outcomes.



I assure you that this prospect isn’t spending even 2% of the amount of thought being applied to this.

Jun 9, 2007 6:08 pm

I assure you that this prospect isn't spending even 2% of the amount of thought being applied to this."

I agree. But the reality is that this is a forum for us to help each other- whether it be in tackling the daily issues that face us all (no-show appts, difficult clients, etc), practice management ("Should I cull my client base to make it more efficient?", etc) or endlessly debating the merits of active vs passive management....

I think this is a good thread in that it presents several varying POV's on how to handle this. The guy is obviously concerned about what direction to take on this, and our collective thoughts will hopefully lead him to do the right thing, and if it works out for him - to ultimately land this little mutt...

Jun 9, 2007 7:32 pm

[quote=AllREIT]If there is one thing we take away from this thread, is that there are alot of hostile and bitter manlets out there.

Ya'll are making such a hollywood production out of this, while fantasizing about being in control of other people. All this rage out of what should be pretty simple situation.

You call the guy, and either he does or does not show up. And you set yourself ok with both outcomes.

I assure you that this prospect isn't spending even 2% of the amount of thought being applied to this.
[/quote]

Here's the one thing that we should take away from this thread.  That you are absolutely clueless as to why this forum exists, that there are no bounds to your arrogance, and that despite the internal bickering among a few of us there are some that can really help others.

The prospect doesn't need to spend 2% of his time thinking about this, that's what makes him the prospect, pinhead.

Jun 9, 2007 9:56 pm

[quote=Bobby Hull][quote=ExPropTrader][quote=blarmston]

That's why I moved here

Can I come visit? I will bring the crew and we can all get after it.....

[/quote]

I'd love to get the RR crew here for a Vegas weekend, it'd be nice to put faces with names, why don't we put Ms. PoopChute/Freedom/Madison/SexyLady/Echo/and who knows what else is charge of the orginization, she obviously has free time.

Although the thought of Bobby Hull in Vegas just send shivers down my spine.....we'd never be he same.

[/quote]

20 years ago, it would've blown your mind to hang out with me in Las Vegas. Today, it would bore you to tears.

[/quote]

Bobby I find that hard to beleive.

Jun 10, 2007 4:58 am

[quote=Ferris Bueller]

Here’s the one thing that we should take away
from this thread.  That you are absolutely clueless as to why this
forum exists, that there are no bounds to your arrogance, and that
despite the internal bickering among a few of us there are some that
can really help others.

The prospect doesn't need to spend 2% of his time thinking about this, that's what makes him the prospect, pinhead.

[/quote]

Like I said, alot of hostile and bitter folks on this thread.

I'm offering a different approach than the passive-agressive (I really want to meet with you Mr wealthy prospect. So I'm gonna reschedule, but only my terms because I really hate you, you time wasting c*cksucker).

That attitude is logically inconsistant, and it wastes mental energy.

If you want to ago round carrying injustices, rage and frustrations with you from day to day, thats hunky dory. It's probably not the path to happiness and sucess.

So I'm gonna advise 707, to live in day tight compartments, and not to carry a debit balance from day to day. Part of doing that, is realising how much attention something is worth, and then not giving it any more attention than that.

Another part of it is accepting outcomes. And so when you meet with this prospect, you want it to be a blank slate, and you want to square yourself with all possible outcomes ranging from getting stood up again, to getting an ACAT of $1.5M. This way you are ok with the worst possible outcome, and then happy with anything better.







Jun 10, 2007 1:34 pm

[quote=AllREIT] [quote=Ferris Bueller]

Here's the one thing that we should take away from this thread.  That you are absolutely clueless as to why this forum exists, that there are no bounds to your arrogance, and that despite the internal bickering among a few of us there are some that can really help others.

The prospect doesn't need to spend 2% of his time thinking about this, that's what makes him the prospect, pinhead.

[/quote]

Like I said, alot of hostile and bitter folks on this thread.

I'm offering a different approach than the passive-agressive (I really want to meet with you Mr wealthy prospect. So I'm gonna reschedule, but only my terms because I really hate you, you time wasting c*cksucker).

That attitude is logically inconsistant, and it wastes mental energy.

If you want to ago round carrying injustices, rage and frustrations with you from day to day, thats hunky dory. It's probably not the path to happiness and sucess.

So I'm gonna advise 707, to live in day tight compartments, and not to carry a debit balance from day to day. Part of doing that, is realising how much attention something is worth, and then not giving it any more attention than that.

Another part of it is accepting outcomes. And so when you meet with this prospect, you want it to be a blank slate, and you want to square yourself with all possible outcomes ranging from getting stood up again, to getting an ACAT of $1.5M. This way you are ok with the worst possible outcome, and then happy with anything better.







[/quote]

I tend to agree with this moron.