Is it AMWAY?

No its Walmart…

Perhaps a better title for this thread would have been, “Guess If Anyone Cares”.

[quote=sondaksdaman]Can you guess what firm this is?
Nationwide
No proprietary products
independent research available to reps
2ook producer paid out at 40% or higher, 1m around 50%
advisor friendly culture that feels like an independent but with
the support of a wirehouse
fee based accounts, seperate accounts, 1031 exchanges
one of a kind lead system [/quote]

World Financial?  Primerica?

Nowhere that I want to work.

Is it Edward Jones.............?

Can you guess what firm this is?
Nationwide        Edward Jones                                                       No proprietary products    Edward Jones
independent research available to reps  Edward JOnes
2ook producer paid out at 40% or higher, 1m around 50% Edward Jones
advisor friendly culture that feels like an independent but with
the support of a wirehouse  Edward Jones
fee based accounts, seperate accounts, MAP ACCOUNTS @ Edward Jones over 250K 

 1031 exchanges   Edward Jones / Do they allow?
one of a kind lead system   Door Knocking @ Edward Jones

[quote=Player]

Is it Edward Jones…?

Can you guess what firm this is?
Nationwide        Edward Jones          &nbs p;          &n bsp;                     &nbs p;          &n bsp; No proprietary products    Edward Jones
independent research available to reps  Edward JOnes
2ook producer paid out at 40% or higher, 1m around 50% Edward Jones
advisor friendly culture that feels like an independent but with
the support of a wirehouse  Edward Jones
fee based accounts, seperate accounts, MAP ACCOUNTS @ Edward Jones over 250K 

 1031 exchanges   Edward Jones / Do they allow?
one of a kind lead system   Door Knocking @ Edward Jones

joedabrkr 

Too much kool aid?

No emotions.....I feel very good thank you for asking, after all I am free of the GP's and Drones and Clones, so how do you feel..................?

What's your guess?

[quote=Player]

joedabrkr 

Too much kool aid?

No emotions.....I feel very good thank you for asking, after all I am free of the GP's and Drones and Clones, so how do you feel..................?

What's your guess?

The firm is the best kept secret in the business and is H&R

Block Financial Advisors. I realize some of you are cynical but

would you like a lead like this…

Tax Preparer: "well, Mr Client I see that you changed jobs this

past year, what have you done with your 401k"

Client: "Nothing yet, its a good chunk of money, over $100K

and I don’t know what to do"

Tax Preparer: "No problem, I work with a really great financial

advisor at H&R Block Financial Advisors. We can work

together to make sure you’re doing the right thing. Would you

like me to tell him to call you?"

Client: "Sure"

Financial Advisor: " Hi, Mr. Client. This is Mike from H&R Block

Financial Advisors. Your tax preparer told me to give you a

call…"



These leads happen often for those FAs who are engaged in

building relationships with our tax partners. I can’t imagine a

better place in this business to grow a book.



For all those FAs looking for an FA friendly firm and tired of the

wirehouse BS, check HRBFA out. Those Morgan reps doing

200k and up will be surprised at the offers available.

More than half of HRB’s net income in the last quarter came from their subprime lending business.  Now, once again, serious financial advisors, is this a good place to build your book?  The same company that engages in predatory lending the the dumbsh*t underclass? 

h and r block have been screwing up peoples taxes for years, now let’s let them blow-up people’s portfolios. run away as fast as you can!

Let me ask you a question, Sondaksdaman, do people with money borrow at subprime rates?  Why is HRB making so many subprime loans?  Why did more than half of their last quarter’s net income come from subprime lending?  Do you know that for HRB to hit their fiscal 2006 earnings “nut” that they’ll have to earn almost two thirds of their net income from subprime lending?  Anxiously awaiting your reply…If you think I’m making this up, just get a recap of their last earnings conference call. 

Sooth,

The mortgage business means nothing to my business. And

while yes, I am a stockholder I am more concerned with

providing my clients with appropriate investment strategies. I

can do what most brokers can do at major wirehouses. The

difference is that the company treats me with respect and I

enjoy our broker friendly, midwestern culture.

You can do what brokers at the major wires can do?  Don't ever make the mistake of telling that to a Merrill broker in a public place.

Look Sondak, if you're happy at H&R, I'm happy for you.  Just don't think you're in the same league with the big guys.

I will stand by my original statement which was… "I can do what

MOST brokers can do at the major wirehouses."



I have friends who are Merrill brokers who have seen our

platform and are impressed. How much do you know about

HRBFA?

Enough to know that I won’t work for 50% max payout.

Funny H&R Story:

I have a couple clients who use them for their taxes "Mistake #1".  Last year when 1099s went out the H&R guy did not know how to read the forms and was inputting bond redemptions and cds coming due as 100% income.  Now I know I am good, but not that good.  The clients were in a panic because they thought we were going to have to come up with all this extra money for taxes.  I had to go to the H&R office to explain the 1099 to the so called accountant.  Then he has the nerve to ask me to send him referrals.  AFTER HE SCREWED UP MY CLIENTS TAXES!!!!  I have seen the typical H&R client if that is what you want take it, but please do not compare them to the quality leads us successful brokers get from CPAs who refer to us because of our reputations and their trust in us.  I would rather have those leads all day.  One last thing if one of those H&R brokerage clients comes into my office and I review their assets.  The first thing I am mentioning is how do you feel that your broker was referred to you by someone who works inside of the same company you do your taxes with?  Mr client do you think your best interest is in mind or is H&R just trying to make the most money possible off you?  Come with me!!!!

Success is when you do not need to work someplace to get referrals.  Success is when you earn them!!!!

Sondak--

Why is HRB's financial services unit continuing to lose its ass?  In a big way.  The reason I brought up subprime lending is because that is what's floating the company's boat right now.  The division you work for LOST $20 million last quarter. If the subprime lending business goes in the tank (and it will), HRB is in a world of hurt.  By the way, did you see yesterday where HRB all of sudden can't find $93 million of the profits they reported in '03 and '04.  That's your first negative data point.  Kind of like a lot of stocks that went very, very sour.  Write it down.  That onion is about to get peeled, and it ain't as pretty as Wall Street thinks it is.