What firm is this?
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I got an email response to my resume that would only HINT at who the firm is they represent. I don't know if I feel comfortable responding to an email like this:
---WHO IS OUR CLIENT?---
» They are an icon and household name in the culture of American Finance.
» They have, by far, the lowest attrition rate of any of their competitors.
» In 2004, our client was ranked #1 in individual production (revenues) per advisor/consultant.
» They are product neutral (they do not ask you to sell proprietary products and do not give you a larger commission for selling proprietary products).
» They have the most entrepreneurial corporate culture in the industry.
» They provide an initial three year compensation structure.
» They offer every possible product imaginable.
» Their training is the jewel of the industry.
---WHO OUR CLIENT IS NOT---
We cannot disclose our client without fully qualifying you for the position. However, we can tell you that our client is NOT American Express, NOT Merrill Lynch, NOT Morgan Stanley, NOT a foreign-owned firm, NOT a "wanna-be" regional firm, NOT any kind of MLM setup in any way whatsoever, and NOT an insurance company that tries to portray itself as a true full-service financial firm.
Top production in the industry? I think I read somewhere that UBS had the top producers per rep in the biz? However, there's no WAY they have the lowest attrition rate!
CFP,
I'm a recruiter, and I'm going to level with you - if a recruiter "wants to learn about you and your situation before they tell you who they work with," it's a waste of time.
FAs time is WAY too valuable to have a bunch of morons running around playing "guess who" games with them. If they don't come right out and say who they're working with, I wouldn't spend any time.
Plus, a recruiter will learn absolutely nothing by sending an email. The response rate has to be less than 1/10 of 1%. Even if a broker tells me he's not interested and hangs up on me, I know where I stand. Let recruiters call you and don't let them play silly games.
I digress. Got on my soapbox a bit there...Sorry.
Oh, and it's not SSB (not the highest producing) and it's not UBS (foreign-owned). Plus, last I heard, those two plus Merrill had the highest 3 avg production in the biz.
Who was the recruiting firm? You can private me on that one if you'd like.
-BR
[quote=CFP2BE]
I got an email response to my resume that would only HINT at who the firm is they represent. I don't know if I feel comfortable responding to an email like this:
---WHO IS OUR CLIENT?---
» They are an icon and household name in the culture of American Finance.
» They have, by far, the lowest attrition rate of any of their competitors.
» In 2004, our client was ranked #1 in individual production (revenues) per advisor/consultant.
» They are product neutral (they do not ask you to sell proprietary products and do not give you a larger commission for selling proprietary products).
» They have the most entrepreneurial corporate culture in the industry.
» They provide an initial three year compensation structure.
» They offer every possible product imaginable.
» Their training is the jewel of the industry.
---WHO OUR CLIENT IS NOT---
We cannot disclose our client without fully qualifying you for the position. However, we can tell you that our client is NOT American Express, NOT Merrill Lynch, NOT Morgan Stanley, NOT a foreign-owned firm, NOT a "wanna-be" regional firm, NOT any kind of MLM setup in any way whatsoever, and NOT an insurance company that tries to portray itself as a true full-service financial firm.
Top production in the industry? I think I read somewhere that UBS had the top producers per rep in the biz? However, there's no WAY they have the lowest attrition rate!
[/quote]
ML has the top production per rep, I believe. I also beleve your emailer is lying to you.
ML=
#1 in average production per advisor
#1 in average assets uinder management per advisor
#1 in revenue generation per advisor.
I agree, dont waste your time with that recruiter- they seem like a hack.
Many recruiter training programs will say “don’t lift your skirt before you know a little about them - who they are, what kinds of numbers they do, etc.” —BS. Tell them who you work with right away, if they say no interest, no problem - maybe ask what it is about XYZ company that makes them happy so you know what trips their trigger and move on. No reason to waste time.
[quote=CFP2BE]
I got an email response to my resume that would only HINT at who the firm is they represent. I don't know if I feel comfortable responding to an email like this:
---WHO IS OUR CLIENT?---
» They are an icon and household name in the culture of American Finance.
» They have, by far, the lowest attrition rate of any of their competitors.
» In 2004, our client was ranked #1 in individual production (revenues) per advisor/consultant.
» They are product neutral (they do not ask you to sell proprietary products and do not give you a larger commission for selling proprietary products).
» They have the most entrepreneurial corporate culture in the industry.
» They provide an initial three year compensation structure.
» They offer every possible product imaginable.
» Their training is the jewel of the industry.
The company they are referring to in the E-mail AD is Smith Barney. I am not saying the AD is true...only that that is the company they represent. I tolked to these peoiple...but I had already been in negotiation with SB and a few other companies so they were not in a position to "be of assistance" to me.
I will say they were quite professional in our communtications.
Good luck!
Do FAs respond well to emails like this? I would figure the firm would jump all over communication like this.