[quote=Stewbabe]Anyone familiar with this company???  Parent is Aegon.

WFG can be part-time or full-time...and seems to let the rep be somewhat Indy...[/quote]

True Story:  A couple of years ago I was being fitted for a new suit at one of my client's stores. The fella marking my pants for cuffs started making some sales pitch about VUL. When I told him that I'd sold quite a bit of it, he then tried to recruit me to be in his downline.

I don't know how he planned on supervising someone like me with a Series 7, 24, 8, and 65, but I'll give him props for at least trying.

I think it was the same day, or maybe the same week, that I noticed that the teller taking my deposit at the bank had CFP on her business cards.

When suit tailors are pitching VUL and bank tellers are CFPs, you know something's just not right in the world.  

There are better firms, in my opinion, but there are also worse ones.

Couple of issues:

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

1 <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />the business that is written can be moved when your downline leave. They don’t allow block transfers but each client can sign an individual transfer form. So taking a cut in pay to make more in the long run doesn’t work. Unless of course you where one of the original guys

2 the environment is no longer conducive. The original POA by the original founder was good in 1975. (even though I didn’t like what they where doing they did change the industry)

Suggest you try a slightly higher life form for a BD. There are plenty to choose from.

I think it was the same day, or maybe the same week, that I noticed that the teller taking my deposit at the bank had CFP on her business cards.

Bullpucky.  Your posts would be more believable if you didn't exagerate so much.

[quote=babbling looney]Bullpucky.  Your posts would be more believable if you didn't exagerate so much.[/quote]

LOL...I'm serious as a heart attack.

When I was in college, they had one course on financial planning (taught by the president of a regional life insurance company, who was a pretty neat guy who now runs an RIA firm). There were two universities that offered a degree track that prepared one to sit for the 6 exams to obtain the CFP (this was long before the BIG test the newbys brag about).

The last time I checked, there were 116 universities offering financial planning degree programs. That's a LOT of people who are being taught that they don't need to sell something to be successful, by academics who have no clue.

While there is a large, unmet demand for financial services, there's not near as much demand for "financial planning" as some of the more perverse practitioners envision. Writing the 300 page books that are out of date the day they are printed isn't a profession. It's data entry.

Now there are "life planners" -- that's a creation of failed planners that couldn't make a go of the fee-only model (mostly NAPFA failures).

I predicted 6 or 7 years ago about the oversupply of financial planners, and so far, I've been spot on. There are legions of budding CFP's coming out of the diploma mills that aren't prepared for the job.

And the recent college grad who is working as a bank teller to get her two years of experience isn't going to be ready, either. Odds are, she's not even supposed to put CFP on her card yet.

And the recent college grad who is working as a bank teller to get her two years of experience isn't going to be ready, either. Odds are, she's not even supposed to put CFP on her card yet.

That's what I mean.  Tellers don't get to make up their own cards and they most certainly don't get to put CFP or anything else on the card even if they hold a CFP.  The Bank decides what your title is and buys the cards for you.  (and it is usually some stupid designation like "Financial Services Representative") The only persons employed by the Bank who could concievably be allowed to put any designations on their cards are the Investment Officer, Loan Officer and other Executive types. 

Other than that, I agree with you on the influx of advisors who think that they only need to sit back like Mohamed and the mountain will come to them.

[quote=babbling looney]That’s what I mean.  Tellers don’t get to make up their own cards and they most certainly don’t get to put CFP or anything else on the card even if they hold a CFP.  The Bank decides what your title is and buys the cards for you.  (and it is usually some stupid designation like “Financial Services Representative”) The only persons employed by the Bank who could concievably be allowed to put any designations on their cards are the Investment Officer, Loan Officer and other Executive types. 

Other than that, I agree with you on the influx of advisors who think that they only need to sit back like Mohamed and the mountain will come to them.[/quote]

I'd agree that most banks probably wouldn't allow it, but this was a smaller bank (two branches).

America is in love with credentialization. I've seen business cards for entry level administrative people with MBA after their name, and nurses with BSN. I can understand RN, or CRNA, but BSN? MBA?

Every industry has credentials these days. Even detail guys from pharma companies are getting letters.

One guy I know has so many, it took two full lines on his business card. I told him, in all sincerity, that was just too many. Three, four, five...okay, but a dozen or more? Sheesh.

I truly feel for these newly minted CFPs that think that those three letters are going to equal a six figure income. On another forum, you'll see some common questions like "What salary can I expect?"

Salary?

Salary!

I often joke "Take what you expect, divide by two, and that's the high end of what your worth, if you're honest."

Roger- I’m assuming given the general vein of your posts that you do not possess a CFP. While I would agree with you that when someone pursues credentials without the requisite sales and relationship skills one would question it, however when added to someone with those skills it can’t help but enhance their business. I have a competitor in my town who is a CFP but who has the people skills of a concrete block, apparently he thinks that it enhances his business, however, he would be better off taking a Dale Carnegie course.

[quote=noggin]Roger- I'm assuming given the general vein of your posts that you do not possess a CFP. While I would agree with you that when someone pursues credentials without the requisite sales and relationship skills one would question it, however when added to someone with those skills it can't help but enhance their business. I have a competitor in my town who is a CFP but who has the people skills of a concrete block, apparently he thinks that it enhances his business, however, he would be better off taking a Dale Carnegie course.[/quote]

Like you, I see TONS of CFPs who can't sell theirself out of a wet paper bag, even when armed with a Thompson Sub-Machine Gun, AND a Bazooka.

The unfortunate reality is that most of the newbys are being taught at the university level that they don't need to sell anything to make a good living in financial services.

I have news for them.

They've been sold a bill of goods.

I do some joint work with several CFPs, because they need the help. There's not a day that goes by where my phone doesn't ring with another CFP on the other end who needs some help closing a case, or with help on an issue that is beyond the scope of that entry level designation.

All the education in the world won't put ink on paper, which is the downfall of those that pursue the academic end without learning how to put steel on target.

obvious lies...quit trying to sell us your bill of goods...idiot.

Why don't you stay on toygunproducers...and leave real producers alone.

[quote=Roger Thornhill][quote=Stewbabe]Anyone familiar with this company???  Parent is Aegon.

WFG can be part-time or full-time...and seems to let the rep be somewhat Indy...[/quote]

True Story:  A couple of years ago I was being fitted for a new suit at one of my client's stores. The fella marking my pants for cuffs started making some sales pitch about VUL. When I told him that I'd sold quite a bit of it, he then tried to recruit me to be in his downline.

I don't know how he planned on supervising someone like me with a Series 7, 24, 8, and 65, but I'll give him props for at least trying.

I think it was the same day, or maybe the same week, that I noticed that the teller taking my deposit at the bank had CFP on her business cards.

When suit tailors are pitching VUL and bank tellers are CFPs, you know something's just not right in the world.  

There are better firms, in my opinion, but there are also worse ones.

[quote=Indyone]

obvious lies…quit trying to sell us your bill of goods…idiot.

Why don't you stay on toygunproducers...and leave real producers alone.

Wow...another intelligent post...you just keep proving my point.

10 days in...190 posts.  I still haven't seen anything useful out of you that I can believe.

[quote=Indyone] Wow…another intelligent post…you just keep proving my point.

10 days in...190 posts.  I still haven't seen anything useful out of you that I can believe. [/quote]

So stop reading them, moron. You're one of those guys that complains about advertisements on billboards, without realizing that if you don't like them, you don't have to read them, chiam yankel.

Wow...must be a Mensa to use such sophisticated terms as "moron".  You are on fire, my man.  You have deeply hurt my fragile psyche.  Chiam yankel is also a nice touch, although I think you're closer to half-wit than I am.

Here's one vote for you to stop littering this board with your useless drivel and go back to where you belong, toygunproducer.

I might be able to avoid your stupid billboards if you weren't planting them every ten feet...now go on and fulfill your insatiable desire to post and call me "moron" or "homo" or something equally juvenile. I've got a yiddish word that describes you pretty well also...nebish.

[quote=Indyone]

Wow...must be a Mensa to use such sophisticated terms as "moron".  You are on fire, my man.  You have deeply hurt my fragile psyche.  Chiam yankel is also a nice touch, although I think you're closer to half-wit than I am.

Here's one vote for you to stop littering this board with your useless drivel and go back to where you belong, toygunproducer.

I might be able to avoid your stupid billboards if you weren't planting them every ten feet...now go on and fulfill your insatiable desire to post and call me "moron" or "homo" or something equally juvenile. I've got a yiddish word that describes you pretty well also...nebish.

[/quote]

I am the puppetmaster. I pull the strings, and Indyone performs as I desire.

Thornhill, there have been many pomppous windbags I’ve read on this site over the years but you take the cake!!! You’re probably one of these f&gs that still wears a goatee too… LOL

They don’t allow block transfers but each client can sign an individual transfer form. So taking a cut in pay to make more in the long run doesn’t work.  cone crusher 

quit trying to sell us your bill of goods...idiot.