I've had enough!!

freebird wrote: Two things. Don’t discount. It will only hurt you. You either have the relationship or you don’t  One guy who left a firm said he outgrew and I think that’s really a great way to say it

Emerson227 wrote: Any suggestions on the best pitch for the client would be appreciated? My points I am considering are 1) moving because I can better serve my clients without conflict of a bank product pushing and sales quota, I can make client service a priority when it was a non issue at former firm if I got a 5 star client feedback form nobody notices, but if you sell a mortgage or open a credit card the raise you up like a hero 2) the culture is deteriorating - I normally protect clients from perceiving any of this, but they have multibillion dollar company only to make the technology fail 25% of the time, and for working around it in the name of having functional communication to service for clients, you are rewarded with warnings that company policy is more important the providing good client experience, opening a small firm will allow me to focus on the basics and make sure each client is valued more than a an account number 3) I am also considering offering a 10% discount for moving over with me. They have really expensive programs there, and I am passing off cost savings to you Inviting additional pitch points, and any thoughtful criticism if anyone has it

How do people handle getting sued? Coming from a big bank, I would think it's a given they'll sue. 

SometimesNowhere wrote: freebird wrote: I think everyone is motivated after the first. That cohoe be you, clients, and your partners  cohoe

helado wrote: Don't take this the wrong way...but you aren't ready and that's not enough time. Take WarPig's advice, research on here and talk to people that have done it and bump your date until MLK weekend.

Emerson227 wrote: DucatiSportGT wrote: How do people handle getting sued? Coming from a big bank, I would think it's a given they'll sue.  If you don't do anything stupid then the probability goes down a lot, and the rest depends on several other things like emplment contract, source of clients. I already reviewed everything with an attorney to come up with a plan that mitigates those risks

Edited by DucatiSportGT - Nov/05/2022 at 12:47pm

WarPig wrote: freebird wrote: Two things. Don’t discount. It will only hurt you. You either have the relationship or you don’t  One guy who left a firm said he outgrew and I think that’s really a great way to say it  What’s the second thing?

Emerson227 wrote: I'm a small fish but I am I'm pretty young too only been prospecting for 3.5 years. I will probably be taking like 15mil fee based f I am reasonably successful, maybe a little more, not likely much less

I think BullishT is right as is Piggy.  I moved over MLK weekend and it worked really well.  Over the holidays clients will not be as receptive as in February. Also some will disagree, but you are not ready for RIA at this point.  I would talk to some of the regionals as you will get money to move and have plenty of opportunities to take over a book from someone retiring.  It will save you 20 years.  Talk to EJ if you want, but personally I would not (we don't need to have that debate again).  They are not a bad option at your book size, but in 5-10 years you will be looking to move once again.  Good regionals give you plenty of flexibility with the ability to walk into an opportunity to gain scale as there are a ton of gray haired advisors out there. 

I hear you on that, had spoke with Jones and the regionals said nothing in my area. Said that I could be a number 2 in the office near my home, but nobody in my specific area would be retiring anytime soon