|
Hello Fellow AHeads |
Post Reply 
|
Page 12> |
| Author | ||
emptypocketz 
Rookie 
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
 Post Options
 Thanks(0)
 Quote Reply
 Topic: Hello Fellow AHeadsPosted: 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 |
||
 |
||
|
Iamlegend
Platinum Member 
Joined: Mar/09/2010 Status: Online Points: 23765 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/18/2024 at 7:05pm |
|
|
So you have a relative in the business retiring soon?
|
||
|
||
|
emptypocketz
Rookie
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/18/2024 at 7:47pm |
|
|
No, I was a gun for hire that got lucky
|
||
|
||
|
missionshooter
Senior Member 
Joined: Feb/12/2014 Status: Offline Points: 6334 |
Post Options
Thanks(0)
Quote Reply
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.
|
||
|
||
|
emptypocketz
Rookie
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/18/2024 at 8:14pm |
|
|
Hopefully the brokest I’ll ever be, swimming as hard and fast as I can.
|
||
|
||
|
WarPig
Gold Member 
Joined: Dec/12/2019 Status: Offline Points: 12311 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/18/2024 at 8:36pm |
|
How dare you say this outloud after he said it first!
|
||
|
||
|
Chips
Senior Member
Joined: Jul/08/2019 Location: SF Bay Area Status: Online Points: 920 |
Post Options
Thanks(0)
Quote Reply
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?
|
||
|
||
|
emptypocketz
Rookie
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
Post Options
Thanks(0)
Quote Reply
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.
|
||
|
||
|
LA Broker
Senior Member
Joined: Mar/10/2010 Status: Offline Points: 4158 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/18/2024 at 9:26pm |
|
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 |
||
|
||
|
LA Broker
Senior Member
Joined: Mar/10/2010 Status: Offline Points: 4158 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/18/2024 at 9:27pm |
|
|
||
|
“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 |
||
|
||
|
emptypocketz
Rookie
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
Post Options
Thanks(0)
Quote Reply
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.
|
||
|
||
|
missionshooter
Senior Member
Joined: Feb/12/2014 Status: Offline Points: 6334 |
Post Options
Thanks(0)
Quote Reply
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.
|
||
|
||
|
emptypocketz
Rookie
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/19/2024 at 12:11am |
|
|
I had no idea I was getting jumped into the crips, this greenhorn deal is brutal
|
||
|
||
|
BullishT
Senior Member
Joined: Dec/05/2017 Location: Midwest Status: Offline Points: 3261 |
Post Options
Thanks(0)
Quote Reply
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.
|
||
|
||
|
emptypocketz
Rookie
Joined: Feb/10/2024 Location: Midwest Status: Offline Points: 27 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/19/2024 at 9:08am |
|
|
Great advice BullishT, thanks for sharing
|
||
|
||
|
missionshooter
Senior Member
Joined: Feb/12/2014 Status: Offline Points: 6334 |
Post Options
Thanks(0)
Quote Reply
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.
|
||
|
||
|
luvindy
Moderator
Joined: May/17/2010 Status: Offline Points: 28219 |
Post Options
Thanks(0)
Quote Reply
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, |
||
|
||
|
DucatiSportGT
Platinum Member
Trump Ball-Licker Joined: Jul/16/2013 Status: Online Points: 35715 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/19/2024 at 10:42pm |
|
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 |
||
|
Bring back Helado!
|
||
|
||
|
memphis
Senior Member
Joined: Apr/20/2020 Status: Offline Points: 816 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/20/2024 at 10:51am |
|
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.
|
||
|
||
|
Hacksaw
Platinum Member
Joined: Mar/27/2010 Status: Offline Points: 35113 |
Post Options
Thanks(0)
Quote Reply
Posted: Feb/20/2024 at 1:42pm |
|
FIFY
|
||
|
I response to my post:
Helado Posted: 13/Jan/2023 at 11:11pm "I stand corrected." |
||
|
||
|
Post Reply
|
Page 12> |
Tweet
|
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
Topic Options
Iamlegend wrote: