Spencer Clarke

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Aug 16, 2005 4:48 pm


Has anyone heard of Spencer Clarke, they are a<span style=“font-size: 12pt; font-family: “Times New Roman”;”> brokerage and investment bank located on <span style=“font-size: 12pt; font-family: “Times New Roman”;”>Park
Avenue of NYC.  How is their reputation, etc.?  The following
is taken directly from their job post.  I am a rookie, new to the
industry (assume I know nothing).   Any feedback is appreciated. <span style=“font-size: 12pt; font-family: “Times New Roman”;”>

“Qualified candidates will begin their training
as paid cold-callers, then rapidly progress through the training program until
they are qualified, licensed, and promoted to the position of
Stockbroker/Account Executive.  You will be guided every step of the way
by one of our best and most successful leaders”<span style=“font-size: 12pt; font-family: “Times New Roman”;”> <!–
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Aug 16, 2005 5:02 pm

I remember seeing adds like this back in 1990. Are they still out there?

Aug 16, 2005 5:26 pm

I know…I can’t believe there are still companies like this out there!  

Baggage Handler- I would run away from this one.  You will never
cater to high net worth individuals with a firm that operates like
this.  Good tip: If you have to ask, ‘Has anyone ever heard of
this company?’ then it is not a place where you want to work.

Aug 16, 2005 5:38 pm

thanks for the replies.

Scorpio, what firms should I run towards instead of away from. 
I’ve had bad experiences this summer, i.e. ehrenkrantz king nussbaum
(ekn) telling me to pay for  the series 7 books out of pocket, and
then they will later reimburse me, and then ekn would not let me take
there go ahead exam.

Aug 19, 2005 2:46 pm

Check out Raymond James.

They pay for your training.  Great company, management, and equity research. 

But, you are going to have to cold call everywhere.  Unless you know 100 millionaires.

Aug 23, 2005 9:32 am

Well, Well, well...where do I begin?  <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

To start: Spencer Clarke LLC is bringing its reputation as a player in Investment Banking to the ValueRich Small Cap Conference in New York in September:http://www.valuerichonline.com/ny05/index.php?id=bankersrow

Second, the word is ads as in advertisements not adds as in additions.  Do the spell check dude!

Raymond James?  Oh my...Can you say OSJ?  Danger Will Robinson!! A 90% payout is so not what you think...But hey, you're youthful what do you really know?

Spencer Clarke has a very strong Wall Street presence and is a Boutique not a Wire House.  You wanna get eaten and spit out at such a young age with little or no assets and very little to show for your effort?  

Do a Google on the SC analyst:  Michael Sheldon+Spencer Clarke.  OK..so Lindsay Lohen has over a million returns and Sheldon has only 100,000.  Remember, you wanted to know about Spencer Clarke!

The guy who wrote the addd probably didn't care about what was said but rather who read it.  The kind of individual that a boutique like SC can utilize AND train is one who knows how much work it takes to be successful and that with a few years of dedication and effort even The Hamptons are accessible!  Wanna take the easy way out?  There's the door....

For those with dedication and an adventurous spirit I’ll bet they are worth the introduction.

Aug 23, 2005 11:53 am

This guy obviously took a job at SC...misery loves company. 

"Within a few years even the Hamptons are accessible."  What he means is, go to work for this company, and in a few years, you might be able to afford the gas to get from your house TO the Hamptons (if you work hard that is).

Stay away from shady BDs!!

Aug 23, 2005 2:48 pm

No, I'm not some guy who 'took the job'.  I'm the Communications Director for Spencer Clarke.  It took me all of three minutes to do some copy/paste options for our ad in the Times that was directed at trainees not established brokers.  

Let's not be such a smart a&*s.  Thinking you know it all is not knowing it all at all!

The more established career brokers are finding us through headhunting firms that we have engaged for that purpose.  Did you do the search on Sheldon?  Did you link to the ValueRich conference?  Did you do a search at all on Spencer Clarke? Do you know what deals we have made and who we are working with on the Investment Banking side? 

Shady?  Where could you possibly get that kind of opinion about this firm and then pass along such bogus and ill-informed garbage?  You know nothing about this firm and what you say and how you say it indicates to me a very limited view of the true landscape of Wall Street. 

To the gentlemen who originally wrote in --you call me and we'll see if we can get you in.  I'm not sales pitching here.  We are far more interested in a broker with in excess of 100MM in assets and doing over 500MM in production anyway.  The position in question is for ONE of our brokers.  And there is only ONE position available.  This is not a place to start, rather a firm to finish inside. 

Let's just end this and stop decrying Spencer Clarke, huh?  Meyer

Aug 24, 2005 12:09 am

Nice job there working up to posting your 'addddd' for free on the Registered Rep website. I bet the moderators on this board will be thrilled to see it...

And oh yeah....that "Value Rich" conference is some big thing boy. Let me rush to get my tickets before they sell out.......

Geez, I'd love to check out how your fellas look on the CRD, but I really can't bother to waste my time.....::yawn::

Aug 24, 2005 9:58 am

Oh get over yourself…the more cynical you are the less you’ll get it…just take a 402 hit and let the inimitable ashlee simpson wash over you like a bad joke…stick to chat rooms and let the working class work…bozo!

God you are so full of yourself…

Aug 24, 2005 10:46 am

[quote=watchoutcha]Oh get over yourself...the more cynical you are the less you'll get it...just take a 402 hit and let the inimitable ashlee simpson wash over you like a bad joke...stick to chat rooms and let the working class work...bozo!

God you are so full of yourself...[/quote]

And you would be talking to me or Buckaroo?

Aug 25, 2005 9:09 am

Best thing said is... "Thinking you know it all is not knowing it all at all."

You guys are so knowledgable about so many things I only wishhh I could be as smart and as wise and as experienced and hey, as opinionated as you...