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Hello Fellow AHeads

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emptypocketz View Drop Down
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    Posted: Feb/18/2024 at 6:58pm
Greetings fellow AHeads,

Short time lurker, first time poster.

2 years in an Associate FA role right outta school, just finished first year in a sales role. ~12M AUM just me, but on a team with two other senior FA’s.

At a wire. Looking to grow my client base but with quality, keeping in mind I will be inheriting a book and won’t have unlimited time.

-Your new (broke) friend


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 7:05pm
So you have a relative in the business retiring soon?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote emptypocketz Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 7:47pm
No, I was a gun for hire that got lucky
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 8:00pm
How broke are you? 
Our purpose is to partner for a positive impact- to improve the lives of our clients and colleagues, and together, better our communities and society.

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emptypocketz View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote emptypocketz Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 8:14pm
Hopefully the brokest I’ll ever be, swimming as hard and fast as I can.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote WarPig Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 8:36pm
Originally posted by Iamlegend Iamlegend wrote:

So you have a relative in the business retiring soon?

How dare you say this outloud after he said it first!
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Chips View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Chips Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 8:38pm
What does prospecting at a wire look like these days? Grinding phones? Getting leads from the bank or elsewhere?
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emptypocketz View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote emptypocketz Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 9:00pm
following up with website inquiries, which are almost always folks looking for help with a 401k withdraw.

I can cold call assuming it’s nobody with DNC enabled. 

Lots of social media messaging (which seems to have the lowest return on time)

No real guidance. Just tryna be an Ahead that swims, not an Ahole who drowns.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LA Broker Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 9:26pm
Originally posted by emptypocketz emptypocketz wrote:

No, I was a gun for hire that got lucky

How old are the senior FA’s? Are you confident they will sell to you and not the highest bidder, or decide to work another 20 years?
“If you're not a liberal at twenty you have no heart, if you're not a conservative at forty you have no brain.”
-Winston Churchill
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LA Broker Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 9:27pm
Originally posted by emptypocketz emptypocketz wrote:

No, I was a gun for hire that got lucky
“If you're not a liberal at twenty you have no heart, if you're not a conservative at forty you have no brain.”
-Winston Churchill
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emptypocketz View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote emptypocketz Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 9:40pm
Somebody can always screw you, which is why I’m developing business frantically and not just sitting on my thumb. Oldest guy ~70, can’t really auction at wire, forced into the transition program. Nobody else is dumb as me to join a wire rn, handcuffed prospecting with no real growth plans at the firm level.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Feb/18/2024 at 11:20pm
How long before they fire you?  What are they paying you? 
Our purpose is to partner for a positive impact- to improve the lives of our clients and colleagues, and together, better our communities and society.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote emptypocketz Quote  Post ReplyReply Direct Link To This Post Posted: Feb/19/2024 at 12:11am
I had no idea I was getting jumped into the crips, this greenhorn deal is brutal 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BullishT Quote  Post ReplyReply Direct Link To This Post Posted: Feb/19/2024 at 6:18am
I was in your exact same position a few years ago. I was offered a book at EJ and decided to GTFO rather than wait for the old wire guys to retire. Everyone on this site was pretty helpful in pointing out that I had no guarantee of inheriting anything. 

That being said, if you are valuable to the team, negotiate a better split on the business. Tell them you’re broke and you feel you need $X to live, and determine what split gets you to $X. 

prospecting wise you might want to pick a niche. Find 3 large companies where your clients already work and go after more people like that. Also get your senior guys to pay for some seminars so you can get good at presenting. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote emptypocketz Quote  Post ReplyReply Direct Link To This Post Posted: Feb/19/2024 at 9:08am
Great advice BullishT, thanks for sharing
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Feb/19/2024 at 9:32am
X2 bullish. 

I took a sweetheart RTP deal too.

Why would the old bastard retire when he has broke fucks doin all the work while he cashes checks.  You've got nothing in writing, so it don't mean shit. 
Our purpose is to partner for a positive impact- to improve the lives of our clients and colleagues, and together, better our communities and society.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Feb/19/2024 at 10:20am
I like this chick.
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DucatiSportGT Quote  Post ReplyReply Direct Link To This Post Posted: Feb/19/2024 at 10:42pm
Originally posted by missionshooter missionshooter wrote:

X2 bullish. 

I took a sweetheart RTP deal too.

Why would the old bastard retire when he has broke fucks doin all the work while he cashes checks.  You've got nothing in writing, so it don't mean shit. 

100% this!
It's like the tease in high school that tells you she'd go out with you if only she didn't have a bf. It's just enough to keep you acting nice to her. But in reality best thing you can do is tell her to fuck off and onto the next.

Build your own business. Don't rely on anyone. 

One of my favorite quotes. 
He that lives upon hope will die fasting. - Benjamin Franklin
Self appointed leader of the I like to shit on my own face when I jerk off. .
I hate being right. It's not a badge of honor for me. Most of the time I wish I was wrong.
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memphis View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote memphis Quote  Post ReplyReply Direct Link To This Post Posted: Feb/20/2024 at 10:51am
Originally posted by missionshooter missionshooter wrote:

X2 bullish. 

I took a sweetheart RTP deal too.

Why would the old bastard retire when he has broke fucks doin all the work while he cashes checks.  You've got nothing in writing, so it don't mean shit. 

This. It's not like he's out tarring roofs every day. What's he gonna do, go home and spend all day with his wife for the rest of his life? I mean, that sounds pretty good to me, but you know what these old fucks are like.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hacksaw Quote  Post ReplyReply Direct Link To This Post Posted: Feb/20/2024 at 1:42pm
Originally posted by memphis memphis wrote:

Originally posted by missionshooter missionshooter wrote:

X2 bullish. 

I took a sweetheart RTP deal too.

Why would the old bastard retire when he has broke fucks doin all the work while he cashes checks.  You've got nothing in writing, so it don't mean shit. 

This. It's not like he's out tarring roofs every day. What's he gonna do, go home and spend all day with his 3rd wife for the rest of his life? I mean, that sounds pretty good to me, but you know what these old fucks are like.
FIFY
I response to my post:

Helado Posted: 13/Jan/2023 at 11:11pm

"I stand corrected."
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