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How to move clients to another B/D

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Aug 1, 2007 7:45 pm

[quote=Ferris Bueller]

They made me an offer and just the cash portion was over 8 figures. 

[/quote]

45,000.991 is not 8 figures.

Aug 3, 2007 8:39 am

[quote=Ferris the Bull$hitter]

Think what you want, I hope it makes you feel better about your decision to move your business.  Getting an offer to move to ML is nothing special.  Because of the Wachovia merge, most of my office was courted by them including the pikers with 250K T12.  They made me an offer and just the cash portion was over 8 figures.  You're not that special kiddo.  Good luck to you.

[/quote]

Pahleeeazzzze.  Let me just share the same thoughts to you:

"Your're not that special kid" 

You don't have that much intelligence, but you do have some balls to come out and tell me and basically everyone else who patrols your nonsense that you were offered north of $10,000,000 for your baby sized book? LOL!

Please continue Mr. Buffet!  Did you turn that check down like how you turned down the invitation to Harvard since you were too busy being successful at the local community college?  Or how about that time you turned down Bill Gates's request to add his portfolio to your book since you didn't have anymore time to manage smaller accounts. Please oracle of the financial world continue to wonder all of us with your stories. 

I guess at the end of the day I hope you've gained satsifaction in your life trying to convince an internet message board believe your such an important badass producer that's worthy of a fictitous 8 figure offer.  Too bad people in the REAL WORLD don't know how important you are.  But I guess thats what the internet is for!  Maybe I'll go on espn.com and tell everyone Im Michael Jordan and that Im only typing there because I had nothing better to do.

Lastly, let me share something for you like you've graciously done for me and I hope it will help you along your journey to build yourself up on this board:

GOOD LUCK TO YOU.

Aug 3, 2007 8:45 am

Oh btw, its nice to see that everyone has called you out on your  bs and you've never responded to it at ALL even though you've been active on this site.

Maybe you just didn't have time to respond b/c your trying to block your phone from Oprah trying to squeeze in your book.  It should be easy to turn her down just like those routine 8 figure offers people give you. hahahaha

Aug 3, 2007 6:08 pm

I heard Ferris was Bobby Hull’s boyfriend and he doesn’t work in the industry, just acts as BH’s “internet sidekick”. Not a bad plan BH, not a bad plan.

Aug 3, 2007 9:11 pm

[quote=new_dude][quote=Ferris the Bull$hitter]

Think what you want, I hope it makes you feel better about your decision to move your business.  Getting an offer to move to ML is nothing special.  Because of the Wachovia merge, most of my office was courted by them including the pikers with 250K T12.  They made me an offer and just the cash portion was over 8 figures.  You're not that special kiddo.  Good luck to you.

[/quote]

Pahleeeazzzze.  Let me just share the same thoughts to you:

"Your're not that special kid" 

You don't have that much intelligence, but you do have some balls to come out and tell me and basically everyone else who patrols your nonsense that you were offered north of $10,000,000 for your baby sized book? LOL!

Please continue Mr. Buffet!  Did you turn that check down like how you turned down the invitation to Harvard since you were too busy being successful at the local community college?  Or how about that time you turned down Bill Gates's request to add his portfolio to your book since you didn't have anymore time to manage smaller accounts. Please oracle of the financial world continue to wonder all of us with your stories. 

I guess at the end of the day I hope you've gained satsifaction in your life trying to convince an internet message board believe your such an important badass producer that's worthy of a fictitous 8 figure offer.  Too bad people in the REAL WORLD don't know how important you are.  But I guess thats what the internet is for!  Maybe I'll go on espn.com and tell everyone Im Michael Jordan and that Im only typing there because I had nothing better to do.

Lastly, let me share something for you like you've graciously done for me and I hope it will help you along your journey to build yourself up on this board:

GOOD LUCK TO YOU.

[/quote]

Relax, no need to get your panties into a twist.  This forum doesn't have an edit feature and that's SEVEN figures.

You're either in Rocky's or Tim's branch.  Doesn't matter, I know then both.

Aug 4, 2007 2:58 pm

What, no page long reply?  No stomping of feet while you hold your breath?  Where's all that anger you directed at me yesterday, I was really hoping for some more.

Aug 4, 2007 3:32 pm

ML was offering about a 200% deal for those 500k and above similar to MS.  Low end for any decent producer was 150% at any firm.  However both deals have a good amount of deferred comp. 



Aug 4, 2007 3:36 pm

[quote=Ferris Bueller]

What, no page long reply?  No stomping of feet while you hold your breath?  Where's all that anger you directed at me yesterday, I was really hoping for some more.

[/quote]

New Dud, which is it? Rocky or Tim? Nevermind...we'll figure it out. Have a nice, relaxing weekend.

Aug 5, 2007 1:44 am

90% of 20MM moved with 2 years in, but who’s counting. And yes, I locked them in ahead of time. Also, although I realize a lot of your answers are tongue in cheek, they are still a waste of time. If we knew the answers to our stupid questions we wouldn’t be on this board with you lowlifes. Some of you losers live here, which is mind-boggling. All new guys, build your business, meet with your clients a lot, and then take a big check after 2 years. Why the hell would anyone stick around to make 80k in year 3 when they could get 200%, and still make 70k after moving??? When they handed me my 250k check a few weeks ago, with more on the way, I knew my business plan was working. 6 years from now, as my business continues to grow, I’ll take a bigger check again! You losers won’t, you’ll go Indy for larger payouts, all while missing the big picture. Who the Fcku would ever invest with a guy working in his basement with LPL on his card???

Aug 5, 2007 1:50 am

oh, btw, all of the large wirehouses are offering guys with 2-5 years in 100-125% upfront and 75-125%, or more, on the back end. All cash, and the back end has really easy numbers attached such as 80% of assets after 14 months, any new assets, 125% of production after 24 months, 150% of production after 36 months and 200% of production after 48 months. also, some have big kickers after 60 months. So, the deals are 200-250% for new guys. Finally, the growth kickers are no brainers as if we are not growing we won’t make it anyway…

Aug 5, 2007 2:47 am

[quote=MakeItRainVick7] Some of you losers live here, which is mind-

boggling. [/quote]



You are so right. We should all try to be more like you and spend less time

here. Thanks for pointing out the error of our ways.

Aug 5, 2007 3:39 am

[quote=MakeItRainVick7] You losers won’t, you’ll go Indy for larger payouts, all while missing the big picture. Who the Fcku would ever invest with a guy working in his basement with LPL on his card???[/quote]

Try local branding, 2500 sq. ft office, a couple of reps, conference room, receptionist, a couple of part time assistants… oh yea and I own the business.  I’ll take that over the extra 14-20 basis points a year with handcuffs you’re getting.  Actually you’re getting less than that after taxes.  Some may work out of their basements, but not most. 

Aug 5, 2007 3:41 am

[quote=MakeItRainVick7]90% of 20MM moved with 2 years in, but who's counting. And yes, I locked them in ahead of time. Also, although I realize a lot of your answers are tongue in cheek, they are still a waste of time. If we knew the answers to our stupid questions we wouldn't be on this board with you lowlifes. Some of you losers live here, which is mind-boggling. All new guys, build your business, meet with your clients a lot, and then take a big check after 2 years. Why the hell would anyone stick around to make 80k in year 3 when they could get 200%, and still make 70k after moving??? When they handed me my 250k check a few weeks ago, with more on the way, I knew my business plan was working. 6 years from now, as my business continues to grow, I'll take a bigger check again! You losers won't, you'll go Indy for larger payouts, all while missing the big picture. Who the Fcku would ever invest with a guy working in his basement with LPL on his card???[/quote]

We like the higher payout because it's like getting a bonus check EVERY YEAR for 100 % of our trailing twelve paid at 45%. How's THAT for the big picture?

Aug 6, 2007 7:24 pm

[quote=MakeItRainVick7]90% of 20MM moved with 2 years in, but who's counting. And yes, I locked them in ahead of time. Also, although I realize a lot of your answers are tongue in cheek, they are still a waste of time. If we knew the answers to our stupid questions we wouldn't be on this board with you lowlifes. Some of you losers live here, which is mind-boggling. All new guys, build your business, meet with your clients a lot, and then take a big check after 2 years. Why the hell would anyone stick around to make 80k in year 3 when they could get 200%, and still make 70k after moving??? When they handed me my 250k check a few weeks ago, with more on the way, I knew my business plan was working. 6 years from now, as my business continues to grow, I'll take a bigger check again! You losers won't, you'll go Indy for larger payouts, all while missing the big picture. Who the Fcku would ever invest with a guy working in his basement with LPL on his card???[/quote]

What a business plan........ Your clients must love you!