Statefarm
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Sooth and Revealer- Point taken! Thanks for having enough integrity to point it out.
State Farm has 3 differnt contracts outstanding...as a noob, you automatically get the most recent which is strongly centered around selling financial products proprietary to state farm.
Dad & Uncle are/were both State Farm agents and I know the business very well and would agree with all the above posts. If the potential to do P&C is there and grow that business--I'd go for it. To expect alot from the financial services part of an an agency is foolish as no one with serious money goes to state farm for investments. You will be doing IRA startups and college plans all day long and a few life insurance policies...I'd say it depends upon the size of ur practice now and what direction you want to take over the coming years.
[quote=JonesIR]State farm is inferior as a financial advisory firm and bank. Excellent at PC insurance. That is it. What an excellent opportunity to be an FA for them and be able to work all those clients....that is if you don't have a conscious selling their crappy investments.[/quote]
I see the pot calling the kettle black and it isn't even April fool's Day
[quote=noggin]Why is that scary to me? I probably have a more diversified mf business than you do for instance. My largest fund company is only 30% of my total fund business, is that scary? Your point about other brokers is well taken but my concern is for my clients and my family. If a broker wants to disregard what they know to be true and overconcentrate their assets in one area or one firm we all know that that is a dangerous decision but certainly not one that has any effect on my business.[/quote]
This from an "ir" that was looking at the grass on the other side?
State Farm has been VERY succesful in luring away medium sized producers from the best salesforce that is always doing what's in client's best interest..... I wonder why that might be???
[quote=compliancejerk]
[quote=noggin]Why is that scary to me? I probably have a more diversified mf business than you do for instance. My largest fund company is only 30% of my total fund business, is that scary? Your point about other brokers is well taken but my concern is for my clients and my family. If a broker wants to disregard what they know to be true and overconcentrate their assets in one area or one firm we all know that that is a dangerous decision but certainly not one that has any effect on my business.[/quote]
This from an "ir" that was looking at the grass on the other side?
State Farm has been VERY succesful in luring away medium sized producers from the best salesforce that is always doing what's in client's best interest..... I wonder why that might be???
[/quote]
The reason that one looks at opportunities is to place a reasonable value on their services. Obviously the reason I didn't move is that the value placed on my services wasn't high enough to warrant me moving. You however seem to imply that you have NEVER sought information as far as your value. I severely doubt that. I am sure that you will have some sort of smart aleck reply to this, you always do...