Keep clucking big chicken.  You ARE the c*** of the walk.  You’ve been out two months and are tearing it up. Congratulations I do hope you continue to do so. 

  Fortunately for you, you only have a handful of clients so far and none of them have lost much with you yet.  You're too new to the game to understand where we are coming from.  Wait until you get a few hundred households and you have a book of business to manage.  We all must continue to prospect and I am assuming that we all still do.  But we also have current clients to manage, most that have been with us through this downturn and the previous one.  You are at a point where your only focus is building your book, not all of us have that luxury.  We actually have to deal with clients that have lost money and can't be the white knight to ride in and save them.      This is my last post on this topic!   And my desk IS a beautiful mahogany!  Rich in color!  Too pretty!

OK I lied!  This will be my last post.  In an effort to bury the hatchet with wind3574.  The following are all of my posts toward you in this thread.  Posted: 04 March 2009 at 9:59am I don't want to hate but wind3574 you're blowing more smoke than Michael Phelps.  I'm not talking about the numbers, I'm talking about the ease with which he is gathering permission to review accounts and transfer them.  Who else is experiencing this?  What is he showing them in this current environment that is so much better than what they currently have that they can't wait to move their money to him?  I'm not buying this! Posted: 04 March 2009 at 8:59pm "Why is his success so hard for you to understand?  To me it simply seems like he's putting himself in front of good prospects at a time when they REALLY want to talk with someone."  SpacemanSpiff.   What and nobody else is.  I haven't heard this type of success from anybody anywhere.  I hope it's true because if it is then I can still hold out hope for all the hardwork I'm doing.    His success rate in first, meeting that many qualified clients, second are so willing to move, and third have that size of account lead me to question it.  It makes me wonder what he is telling them at that visit.  What about all the other people he is meeting with 10m, 17m, 32m does he just ignore them or is he transferring all of those also?  Posted: 04 March 2009 at 9:12pm

And that zip code is?

Hey if it's true, Good on ya!

Posted: Yesterday at 9:24pm Originally posted by Spaceman Spiff

Originally posted by Moraen

Originally posted by Spaceman Spiff

What inconsistencies did he post?  I went back to read them again, looking for any inconsistencies, and didn't see anything jump off the page at me.  Any inconsistencies you think you might be finding are words put in his mouth by other folks.  Nobody caught him in any inconsistencies.  You're just finding it difficult to believe that 1) It could actually happen and 2) that it could actually happen to a Jones guy. 
 
Let's say wind is actually doing what Jones says and making 25 contacts a day.  Every day, including Saturdays.  That's 150 conversations every week.  If his CSD was the first week of January, he actually said "the beginning of the year", and he's kept up every day with his 25, that's almost 9 full weeks of contacts.  So, out of 1350 conversations you're amazed that he's transferred in 9 accounts?  I'm actually amazed that if his process works as well as he says it does that he hasn't brought in more assets.  He must be sandbagging for the Shamrock Saturday promo.
 
Wind - keep up the good work. 

I'm shocked at the KIND of numbers. I'll leave it alone after that. My guess is, if he really is pulling those numbers, he is doing more than 25 contacts a day. Also, like I said in a previous post, these threads and me talking about how he would change his story has occurred. I'm not amazed at the transfer of accounts, I am amazed that he "gets the statements right at the door". I say good luck and God bless to wind.

If he's really putting up the numbers, great. Personally, I think he's full of it.

Also, define "conversation". I remember the doorknocking days...   Where has he changed his story?  You can't someone a liar without backing up your assertion with what you think he lied about.  And just saying it happened doesn't mean anything.  Tell us where you think he lied about anything.  Not just what you guess he's lying about, but actually where you caught him lying.  Until that happens, I don't know why you would have any reason at all to doubt the validity of his statements.    Conversations - the act of opening your mouth to make words come out.  Usually directed towards another human being.  They will in turn respond in a like manner back to you.  You keep doing this until one or the other runs out of things to talk about.  Then you move on to the next one.    For example, I did some face to face contacts this afternoon.  I've got 5 new prospects.  I had 10 conversations where I actually spoke to another human.  Some were short 30 second converstaions, others were longer, maybe 10-15 minute conversations.  I have a former AGE client who wants me to look at his statements.  Had I pushed, I probably could have been able to get him to go inside and get them for me.  I have a CPA who is very good with accounting, but thinks she might need some help investing.  I have another couple of people who are nervous about their 401ks and want me to look at those and to talk with them about starting Roth IRAs.  Those are conversations.  I didn't find the $200K account today, but I'm going out again tomorrow and I'm going to try again.  I'll bet if I do this everyday for the next 3 months, I'll find half a dozen $200K accounts.  I'll bet some of them would be willing to get their statements at the door.  I'll bet they'll transfer to me.  I'll bet I'll gross $20K or more on them.  I'll bet if I do, you'll tell me I'm lying and it can't possibly work that way.  But, I'm not a betting man, so I'll just do the work for fun.    Spiff, To me you're proving Morean's or at least my point.  You're a seasoned vet and yet you didn't get any statements at the door on the first or second meeting and you sure didn't get them to sign transfer paperwork.  I hope for his sake and for our sake he truly is doing it like this.  Gives me hope.  But even you or anyone has to admit that the velocity of the process seems very suspect!  Not saying it can't or didn't happen, I'm just saying! Posted: Yesterday at 10:13pm Originally posted by wind3574

....5 pages of this crap.........thats all I have to say......   Don't be condescending now, you were in on most of this crap.  Posted: Today at 8:28am

I'd love to hear what you are "actually" saying to these people.  Not what you're going to tell us on this board but what you are truely saying to them to get them to show you statements and what magical investment you are putting them into. 

You my friend must be able to sell ketchup popcicles to a lady in white gloves.    I've figured it out!  You're Bernie Madoff, you're promising 10% returns.  Got it! Posted: Today at 9:29am

I'm tired of this thread, I'm not saying it's impossible, it's my OWN personal belief that it's improbable.  I'm afraid of what he's telling them to get them to convert so quickly.  In my OWN personal experience when I've seen it, it hasn't been good.  That being said, I hope he kicks ass in an ethical and moral way of doing business.  But we've all seen superstars flames burn out after a while.  Best of luck to him, to you, and to everyone else out there.  We all need it at this point and time.

Posted: Today at 12:19pm Keep clucking big chicken.  You ARE the c*** of the walk.  You've been out two months and are tearing it up. Congratulations I do hope you continue to do so.    Fortunately for you, you only have a handful of clients so far and none of them have lost much with you yet.  You're too new to the game to understand where we are coming from.  Wait until you get a few hundred households and you have a book of business to manage.  We all must continue to prospect and I am assuming that we all still do.  But we also have current clients to manage, most that have been with us through this downturn and the previous one.  You are at a point where your only focus is building your book, not all of us have that luxury.  We actually have to deal with clients that have lost money and can't be the white knight to ride in and save them.      This is my last post on this topic!   And my desk IS a beautiful mahogany!  Rich in color!  Too pretty!

As you can see included with all the doubts about what you are saying are actual atta boys!  If you noticed I wasn't the only one questioning these numbers.  To give you our perspective, they are quite extraordinary.  What you should take away from this is that YOU truely are experiencing something that many and most of us don't  You should feel good about yourself that you are doing something that hardly anyone else has been able to accomplish.   Things will however change when you have a large client base built up, if we go though another time like this during your career you will see that your experience in it will be completely different from what you are experiencing now. 

  So with that being said: Sorry, I was kind of a jerk!  I should be more positive about things!  Congrats on those numbers!  All of what I just said was true, except I wasn't a jerk, I was just questioning the validity of your story.  Now to the recipient (you) of that it probably sounding jerky.  So to end it,  keep doing what you're doing and BEST OF LUCK TO YOU!  

Nothing like a 5 mile run over lunch to help clear your head a little. 

ytrewq:

Prior post of Moraen said “RIA world is great”. Is he an IAR or is he actually an RIA? Doesn’t mean crap to me but I suspect he is not an RIA but an IAR. Of course all of his posts would be “suspect” because of his inconsistencies.

ice is correct - i am an IAR in my own RIA. and it doesn't get any better. and i said the "RIA world is great". i did not say, "I am an RIA". in fact, if you look at my posts i have said, "i have my own RIA".

DJ the 3rd,

I see you have GE listed on your webpage.  Is this one of the investments that you have been recommending as a more suitable investment as you are pointing out cracks in portfolios?  

Wind,

  I don't mean to bust your balls.  If you are off to a fast start - congratulations!  You will soon learn (like I did) that the worst thing you can do on these threads is post any type of production numbers.  It is almost a given that you will get doubted, challenged and ripped open.  It is just the nature of the beast.   I also learned, from my training days at EDJ, that if you ask an industry colleaque, "how's business?"  they are ALWAYS coming off of their best month ever.     If you are having success doorknocking - keep it up.  I doorknocked for about 30 minutes and then chose a different route.