|
Professional Referrals |
Post Reply 
|
| Author | ||
brownc27 
Rookie 
Joined: Mar/11/2025 Location: Ashland, OH Status: Offline Points: 2 |
 Post Options
 Thanks(0)
 Quote Reply
 Topic: Professional ReferralsPosted: Mar/11/2025 at 1:54pm |
|
|
I recently found out my BD (one of the REALLY big independents) requires me to give the client 3 names for a professional referral (CPA, attorney, etc.) and document it in the client file. This is my 5th BD in my career and I don't remember ever having this requirement before. I'd like to know if other BDs do the same.
|
||
 |
||
|
DucatiSportGT
Platinum Member 
Trump Ball-Licker Joined: Jul/16/2013 Status: Online Points: 35713 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 3:07pm |
|
|
Kind of standard practice. Put the one you like most at the top.
|
||
|
Bring back Helado!
|
||
|
||
|
LA Broker
Senior Member 
Joined: Mar/10/2010 Status: Offline Points: 4158 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 4:02pm |
|
I’m not aware of ever being required to.
|
||
|
“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 |
||
|
||
|
CashFlow
Senior Member
Joined: May/04/2011 Status: Offline Points: 2066 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 5:35pm |
|
I’ve never heard of this. Most of the time I would be hard pressed to find three to refer to other than CPAs and quite frankly they are not taking any new clients.
|
||
|
||
|
DucatiSportGT
Platinum Member
Trump Ball-Licker Joined: Jul/16/2013 Status: Online Points: 35713 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 6:40pm |
|
You guys never worked for a big bank.
|
||
|
Bring back Helado!
|
||
|
||
|
freebird
Gold Member 
Joined: Sep/17/2021 Location: deep south Status: Offline Points: 13700 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 7:23pm |
|
|
I’m not even sure this is a thing that Edward Jones and they are most restrictive on everything
|
||
|
||
|
missionshooter
Senior Member
Joined: Feb/12/2014 Status: Offline Points: 6334 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 9:02pm |
|
|
Talk about some gay 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.
|
||
|
||
|
Iamlegend
Platinum Member
Joined: Mar/09/2010 Status: Offline Points: 23765 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/11/2025 at 9:49pm |
|
That is the policy at WFA.
|
||
|
||
|
CFLRS
Senior Member
Joined: Nov/07/2020 Status: Offline Points: 1630 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/12/2025 at 11:44am |
|
|
My RIA has the same policy. It is very stupid.
|
||
|
||
|
llcoolj
Member 
Joined: Jun/19/2015 Status: Offline Points: 268 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/12/2025 at 1:00pm |
|
|
Never heard of this. I can see how a BD would like the policy - especially the big ones. Too much liability. Glad I don't have to do it, I only have 1 CPA in my town who is even taking on clients.
|
||
|
||
|
DucatiSportGT
Platinum Member
Trump Ball-Licker Joined: Jul/16/2013 Status: Online Points: 35713 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/12/2025 at 3:05pm |
|
|
In a way, its protect your ass. You refer 1 CPA and he fucks up, then it makes you look bad. You refer 3 and they pick the one that fucks up, then it is on them. "You should have interviewed all 3 that I sent you."
Edited by DucatiSportGT - Mar/12/2025 at 3:05pm |
||
|
Bring back Helado!
|
||
|
||
|
freebird
Gold Member
Joined: Sep/17/2021 Location: deep south Status: Offline Points: 13700 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/12/2025 at 3:11pm |
|
That’s why mission gives them 3 large cap value mutual funds at Jones!
|
||
|
||
|
spudpotato
Senior Member
Joined: Jan/23/2018 Status: Offline Points: 2622 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/14/2025 at 5:03am |
|
|
I remember learning it somewhere… CFP material maybe? I try to give three but I cannot for the life of me find three good cpas locally.
|
||
|
||
|
DucatiSportGT
Platinum Member
Trump Ball-Licker Joined: Jul/16/2013 Status: Online Points: 35713 |
Post Options
Thanks(0)
Quote Reply
Posted: Mar/14/2025 at 5:23pm |
|
Why not?
|
||
|
Bring back Helado!
|
||
|
||
|
Post Reply
|
|
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
DucatiSportGT wrote: