Desparate Advice needed
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I changed firms about 2 months ago and now feel that I have made a very poor choice for me and my clients. I have other options. Should I go ahead and change again to something that I am more certain to like, or will the clients think I’m totally crazy. I’ve moved over about 70% if my assets already and don’t know whether to suck it up and stay or move again. I’m really soul searching and appreciate any legitimate input.
Unfortunately for you, you are stuck big time in my opinion. Your clients will most definitely see you as unstable if you move again before at least another 5 to 10 yrs and they will simply bail on you. What would you do in their shoes? Put up with the hassles of all new ppwrk, new checkbooks, new debit cards, new statements, new online access, stress of worrying about their money transferring electronically to new acct, just because you want to move again?? It’ll be C YA. What the heck kind of due diligence did you do anyhow? How about telling us where you came from and what firm you went to that you now want to leave. Maybe their will be more sympathy for your plight. Right now I have none.
I’d quit the business before I went to the same batch of clients after two months to move again.
[quote=Ramajama]I changed firms about 2 months ago and now feel that I have made a very poor choice for me and my clients. I have other options. Should I go ahead and change again to something that I am more certain to like, or will the clients think I’m totally crazy. I’ve moved over about 70% if my assets already and don’t know whether to suck it up and stay or move again. I’m really soul searching and appreciate any legitimate input.[/quote]
Let me guess… You went to Jones… lol (easy - I’m kidding)
Why did you move in the first place?
[quote=Ramajama]I changed firms about 2 months ago and now feel that I have made a very poor choice for me and my clients. I have other options. Should I go ahead and change again to something that I am more certain to like, or will the clients think I’m totally crazy. I’ve moved over about 70% if my assets already and don’t know whether to suck it up and stay or move again. I’m really soul searching and appreciate any legitimate input.[/quote]
Troll.
Yup.[quote=Ramajama]I changed firms about 2 months ago and now feel that I have made a very poor choice for me and my clients. I have other options. Should I go ahead and change again to something that I am more certain to like, or will the clients think I’m totally crazy. I’ve moved over about 70% if my assets already and don’t know whether to suck it up and stay or move again. I’m really soul searching and appreciate any legitimate input.[/quote]
Troll.
I am guessing here but it seems that you’re screwed now. The only shot you have is to go indy. Which I think that if you could you would have already. Just tell your clients that working for anyone else only cuts into THEIR returns. Tell them that “WE” have to stick it to the man and cut out the middle man. Then hope like hell the don’t cut you out because you did a piss poor job of looking before you leaped.
You didn't start charging commissions did you? Fee based firm to fee based firm and cost basis going with your clients is fine. I'd rather go to my clients and say, get out while the getting is good than yea, i made a crappy choice two years ago, knew it, and did nothing about it? Admit it, change it, and move on. Don't let your ego get in the way, like some of these clowns do.
That’s real simple. If you stick it out you do your clients a bigger disservice and yourself. Listen to your gut! LEEEEEAAAAVE
Maybe you should post why you changed firms in the first place and why you think you made a bad choice. That might help others to give you some advice that might be of value instead of getting dumped on when none of us have a clue what is going on.
stay where you are.
change your attitude you THINK you made a bad choice because change is hard (human nature) stick it out look ta glass half full