[quote=scrim67][quote=mikebutler222]

[quote=bankrep1]So if everyone agrees you can take 50+% of your book, and you can build a business way faster in a bank than outside of one. Why would anyone start at a wire. [/quote]

Notice I didn't say 50% of the book, I said 65% of the "real brokerage clients". They amounted to 50% to 60% of the book. The deal I set up didn't require me taking many clients with me for the bank, thankfully.

Now, for someone like you, with you work ethic and the fact that you contact so many clients just once a year, you're better off where you are. Youwouldn't survive at a wirehouse.

[/quote] I'm not sure in all cases but the whole contacting your customers' issue in a bank setting has to be a bit different than in other settings.   I "contact" my customers many times throughout the year simply because they walk into the bank to take care of their banking needs.   I'll simply invite them over to do an account review.  In actuality i'm "contacting" them 10-15 times a year in this manner.

scrim

[/quote]

I was speaking any about bankrep and his once a year cycle for accounts under $100k.

[quote=mikebutler222][quote=bankrep1]So if everyone agrees you can take 50+% of your book, and you can build a business way faster in a bank than outside of one. Why would anyone start at a wire. 

Notice I didn't say 50% of the book, I said 65% of the "real brokerage clients". They amounted to 50% to 60% of the book. The deal I set up didn't require me taking many clients with me for the bank, thankfully.[/quote]

That sounds pretty good <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Butler.  Often we hear on this board how bank clients stay due to bank loyalty.  What do you attribute to the successful transfer / following of your book?

Also, I would appreciate if I could hear from Babs, IndyOne and Rightway.[/quote]

Damone, see next to the last post on page seven of this thread...I took (and am still taking) most of what I wanted.  Loyalty to the bank was overrated in my situation (although it certainly applies for many advisors who haven't had the time to establish deep relationships with their clients before they leave).  I even maintain an account relationship with the president of the bank I worked at...and he's still there.

[quote=My Inner Child]

[quote=bankrep1]Mike my avg. account is 67K. I will take it all day long even though it is lower than some wires minimum, Bill Good on his website says wirehouse brokers are lucky to add I think he said 8 new HNW (250K+) relationships per year, might of been 4 I will check it out I add a few every month. As for IRA’s I open a lot of them I have no shame in that.
[/quote]

HAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!

I only contact my under 100K accounts 1 time per year, under 250K every 6 months and over 500K every quarter and some every month. This is via a meeting face to face, I usually see most of my clients throughout the year they pop in and say hi. Sometimes they call me or I call them. I don’t get what is so crazy about this I have a friend who is an RIA and touches base with his clientel 1 face to face meeting per year his minimum is 500K.



I am already successful. If you enjoy what your doing good for you. I make a damn good living, and like going to work. I bring in more money in a few months than most of you have in your books.

So you bring in more money in a few months than most of us have on our books huh? Now you’re full of it!

EZ most people on here come and go, there are a handful of screen names that have been here since I joined and I hope they to are having the same type of success. I am bringing in about 1.5 - 2 Mil a month now. GIve or take, 5 mil a quarter, I bet there are alot of guys on here who don’t have a 5 million dollar book. I am not referring to the people who have been in the biz for awhile.



So some idiot who just passed his series 7 or sits in an office and stares out the window is going to tell me how often I should call my clients. C’mon, I get it they are listening to what someone told them, not reality.

[quote=bankrep1]EZ most people on here come and go, there are a handful of screen names that have been here since I joined and I hope they to are having the same type of success. I am bringing in about 1.5 - 2 Mil a month now. GIve or take, 5 mil a quarter, I bet there are alot of guys on here who don't have a 5 million dollar book. I am not referring to the people who have been in the biz for awhile.

So some idiot who just passed his series 7 or sits in an office and stares out the window is going to tell me how often I should call my clients. C'mon, I get it they are listening to what someone told them, not reality.[/quote]

HAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!