The top GVP(Post) is out to start the New Year 2008, The Head Sales Leader(Heath) is out this year and the top rep Zhang is out this year- He has $800 million out the door
and the top guy at Securities of America left as well.  
 
Wow the 4 top folks in their respective classes all walkout the door!!!
Top Manager
Top Rep at Ameriprise
Top Rep at Securities of America
and the Chief of p1/p2 and SIA
 
If you are a P2 (never mind P1 the numbers are obviously much lower)rep why are you spending $60,000/year more if you produce $250,000+
Close to 100k/year if you produce 500k+/year
 
Dennis Hopper must really make you feel warm and fuzzy?  
 
Most reps think it is not worth leaving for a couple of points and worrying if your clients will follow , however if you took the difference in extra BD Costs added in lost revenue due to haircuts this would be $1,100,000 to an average rep over a 10 year time frame.
 
The Ameriprise culture prides themselves on being good advisors why don’t more do good planning for themselves?
 
Would you spend or giveup $1,100,000 over 10 years to work at AMERIPRISE? These numbers assume you are at 85% with Ameriprise and 85% elsewhere.
 
Think about this:
 
Average P2 Person pays $6,000 for compliance JOKE Top reps pay 12-15k/year (nuts)
                                   3,600 for software &nbsp;<BR>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  900 for staff software  
                                   $6,000 for E&O and Affiliation fee
                                   $2-3k/year to register your assistant with BD
 
Most BD’s these costs are are 3-4k/year
 
The Hair cuts: About 50k/year in Revenue to 250,000 Producer(most reps think points not dough)
VUL      100% Less than Street
REITS   40% less than the street
Annuities  40% Less than the street
 
Limited Product Availability - I didn’t even figure in opportunity cost due to limited product shelf
 
Opportunity Cost to the outside activities they will not let you do Tax Return fees, Other Insurances, Mortgage, Real Estate etc.  
 
and
 
The Headache called your Compliance Department(paying for the sins of bad decisions past)
 
Has the the Koolaid gone sour?
 
DO the math!
 
What would you do if I told you for the honor of working at Ameriprise it costs you $1,000,000 more than street wouldn’t you at least put pen to paper and start looking?  
 
Is the brand that good?
 
 
Does your GVP add that much value?
 
 
Is your manager so important in your business?
 
 
Is the customer service and the marketing worth $1,000,000???