Ameriprise

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Jun 12, 2006 5:13 pm

Wow - I'd forgotten about Put.  Thanks for the trip down memory lane, blarm. 

Jun 12, 2006 7:13 pm
Profile: Put Trader Username: Put Trader Group: Senior Member Account Status: Not Active Real Name: Putnam Von Trader Joined: April 08 2005 Last Visit: July 30 2005 Posts: 958 [2.23 posts per day] Location: San Marino Date of Birth: Nov. 24 1944 Homepage: Not Given Occupation: Maven Interests: Stuff Mavens Do

Well, you stayed away for about a month after you got the boot and before BEF came aboard.  As far as not getting kicked off since then, I'd credit that to a kindler, gentler Put Trader.  As I recall, Put pretty much offended about everybody before he got the boot.  As BEF, you've toned things down enough that those who run this board are willing to tolerate you for the occasional nugget of industry experience you throw out.  As I remember, Put even had a bit of a rascist bone, and I think that, among other things, is what finally earned you the boot.

In the month ater the infamous boot, Put evaluated what went wrong...how he'd offended the Gods of the RR forum boards, took a bit of the edge off, and came back under a new name.  As is evidenced by the relative longevity, Put II has found a winning formula that's kept him out of the doghouse and posting to his heart's content...Welcome back, Put!!!

Jun 12, 2006 8:41 pm

I still think he is a miserable old man living in some shack on the Lower East Side, mad at the fact he never truly achieved anything in life, and clinging to this board as one of the few things that get him out of bed in the morning…

Jun 22, 2006 1:55 am

[quote=Ace Planner]

I guess that may work for some people.  And the reason I confronted you on it is because you're talking to me.  I'm 26.  Here's why I chose not to accept that philosophy: I'm not going to waste my time.  My life's goal is not to work for a wirehouse, my goal is to not waste my time.  If I didn't go straight to a wirehouse, I'd be wasting my time.  My time's valueable to me. 

So by your last paragraph, you're saying I have big balls?  Thanks for the compliment, even if I disagree with your premise.

By the time I'm 50, someone who started 10 years after me and is 50 will be 10 years behind me, and our books will reflect it.

Ace

[/quote]

Ace,

I know lots of people just want to take shots at people new to the business so I welcome the opportunity to talk to you about your recommendations. Having left Ameriprise, I am actually finding some people receptive to talking to me with my Series 7, top-ten undergrad school and a couple years of business experience. Where did you start? What does one do to join a group of FAs at a big-name shop like Merrill, sit in a cafe where they work for 2 weeks, cold call their secretaries, or just do the training programs and suck it up.

I've been using my alumni volunteer lists of FAs to talk to advisors, hoping they'll recommend me to some advisors they may know as a potential 2-year grunt. So far this has landed me discussions with an FA at Morgan Stanley and potentially Merrill Lynch. Also Raymond James is interviewing me. And I may be getting a SSB interview, but I hear their minimum assets under management after 2 years are large. Prior to my series 7, none would speak to me. So I don't know if leaving AMP is necessarily a bad thing.

Have you ever heard of Nationwide Financial, an insurance company? There is a group affiliate that uses 1717 Capital Management Corporation as their RIA that allows you to offer unbiased investment advice to supplement insurance.

What would you do if you wanted a Junior Advisor/Office Bitch position with one of these companies to work your way up. How, good sir, can I become somebody's bitch? 

Jun 22, 2006 2:25 am

no. you sound like a douchbag to me.

Jun 22, 2006 2:30 am

[quote=ezmoney]no. you sound like a douchbag to me. [/quote]

And you are a waste of life and one of the reasons I find reading stuff on this board to be annoying, like I'm dealing with pledges in my fraternity who thought they were cool for smoking so much pot they couldn't think- a lot of arrogance with little reason. I could probably buy and sell you on the street a couple times over.

Jun 22, 2006 4:11 am

L, you should just do the training program, suck it up, and work hard.  If the big boys see you working hard, they'll want you on their teams, or they'll hand you some of their small clients.  But don't count on it.  Build your expertise and demonstrate that you're valuable and prospect for the big clients, then everyone else will want to be on your team.

Ace Out

PS hey EZ, watch the name calling, it's not respectable.

Jun 22, 2006 11:40 am

If he IS going to name call, he needs to spell it right.

It's douchEbag.

[quote=Ace Planner]

L, you should just do the training program, suck it up, and work hard.  If the big boys see you working hard, they'll want you on their teams, or they'll hand you some of their small clients.  But don't count on it.  Build your expertise and demonstrate that you're valuable and prospect for the big clients, then everyone else will want to be on your team.

Ace Out

PS hey EZ, watch the name calling, it's not respectable.

[/quote]
Jun 22, 2006 3:59 pm

tooshay.

Jun 23, 2006 2:59 am

LostinTX -

In my opinion (and experience) AMEX / Ameriprize is a great company to join if you are new in your career and you are looking for an opportunity to get licensed and get some "real life" experience under your belt.

However, it looks like you have been in a professional with some good experiences (and contacts).  If this is right, Ameriprize is beneath you.  Plain and simple.

You would be better to take your talents to a bigger firm with a better reputation, MUCH better success rate, higher salary and ultimately a better and more real opportunity to earn six figures in a short order of time.  Ameriprize could take 4 - 5 years before you would net 100K. 

Please email me if you are interested in learning about Smith Barney's training program.  I have a national contract to recruit into their training program and have been very successful at it thus far.  

Jun 23, 2006 1:05 pm

Good luck with SB, buddy.

The bottom line is that unless you are a 1st quintile producer at AMP, it is a resume-killer if you are looking to go to a major wire.

Jun 23, 2006 1:20 pm

[quote=RecruitingAce]

LostinTX -

In my opinion (and experience) AMEX / Ameriprize is a great company to join if you are new in your career and you are looking for an opportunity to get licensed and get some "real life" experience under your belt.

However, it looks like you have been in a professional with some good experiences (and contacts).  If this is right, Ameriprize is beneath you.  Plain and simple.

You would be better to take your talents to a bigger firm with a better reputation, MUCH better success rate, higher salary and ultimately a better and more real opportunity to earn six figures in a short order of time.  Ameriprize could take 4 - 5 years before you would net 100K. 

Please email me if you are interested in learning about Smith Barney's training program.  I have a national contract to recruit into their training program and have been very successful at it thus far.  

[/quote]

Sorry, that is absolute DRIVEL.  Noone in their right mind would go to Ameriprise, sell those crappy Riversource funds and VULs to their friends and family.  Anything is better than Ameriprise.

Jun 23, 2006 1:27 pm

[quote=maybeeeeeeee][quote=RecruitingAce]

LostinTX -

In my opinion (and experience) AMEX / Ameriprize is a great company to join if you are new in your career and you are looking for an opportunity to get licensed and get some "real life" experience under your belt.

However, it looks like you have been in a professional with some good experiences (and contacts).  If this is right, Ameriprize is beneath you.  Plain and simple.

You would be better to take your talents to a bigger firm with a better reputation, MUCH better success rate, higher salary and ultimately a better and more real opportunity to earn six figures in a short order of time.  Ameriprize could take 4 - 5 years before you would net 100K. 

Please email me if you are interested in learning about Smith Barney's training program.  I have a national contract to recruit into their training program and have been very successful at it thus far.  

[/quote]

Sorry, that is absolute DRIVEL.  Noone in their right mind would go to Ameriprise, sell those crappy Riversource funds and VULs to their friends and family.  Anything is better than Ameriprise.

[/quote]

Is that opinion based on the several hours of experience you have in the industry?

Jun 23, 2006 2:54 pm

Why so high on AMP, Put?