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PracticalGuy
Rookie Joined: Jun/23/2017 Location: Pittsburgh, PA Status: Offline Points: 5 |
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Posted: Jun/23/2017 at 11:32pm |
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I am a 56 year old unlicensed career changer with substantial sales experience (retail sales, inside sales, outside sales) but no experience in the insurance or financial services industry. I am currently in various stages of the interviewing process with AXA, New York Life, MassMutual, Prudential Financial, Northwestern Mutual and Horace Mann. Have already been offered a New Agency opportunity with Farmers and Goosehead Insurance and a new Agent position at American National. Looking for advice of any kind and I would appreciate whatever feedback that you can provide. Objectively speaking, how should I be viewing these various opportunities? Thank you in advance for your responses!
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Iamlegend
Platinum Member Joined: Mar/09/2010 Status: Offline Points: 22532 |
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Do you want to be mainly focused on investments or insurance?
If you want to focus on investments, you are interviewing with the wrong companies. Try Edward Jones. |
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SometimesNowhere
Gold Member Joined: Mar/11/2010 Status: Offline Points: 13989 |
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Try selling vacuum cleaners instead, failure.
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overUnder
Member Joined: May/01/2017 Status: Offline Points: 161 |
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Step 1. Apply to Edward Jones at the encouragement of this forum.
Step 2. Be super excited and tell everyone here how you are the next Judge and going to do a 500 day war. Step 3. Get beat up on this forum for being at Jones until you question everything and feel like a loser Step 4. Take 10 million of your 25 million dollar mostly inherited book of business & go independent based on this forum Step 5. Listen to RIAs on this forum about how Indy BDs are raping you on fees and regulations Step 6. Go RIA and complain about how you lose clients to Edward Jones and how stupid these clients are for not working with you despite all your amazing new tools and incredible tactical market strategy and high end service model including regular Facebook postings about your local sports team that garners a ton of unrelated likes which leads to no real business. It's the circle of Advisorheads. Welcome aboard. Edited by overUnder - Jun/24/2017 at 9:36am |
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Edited by bc2051 - Jun/24/2017 at 9:56am |
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Iamlegend
Platinum Member Joined: Mar/09/2010 Status: Offline Points: 22532 |
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You forgot step 6. Never reveal your AUM or T12 because as a RIA you are too awesome to have the need to share. |
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TheWolf22
Member Joined: Oct/04/2015 Status: Offline Points: 415 |
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Couldn't have said it better myself. |
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PracticalGuy
Rookie Joined: Jun/23/2017 Location: Pittsburgh, PA Status: Offline Points: 5 |
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I would like to be more focused on the insurance aspect but have the opportunity to offer products that were more financial in nature.
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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My advice: PM DHK
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overUnder
Member Joined: May/01/2017 Status: Offline Points: 161 |
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Why? At most insurance places you will be stuck selling proprietary products and never be able to leave. Most pay little to no salary at all. You can sell almost all lines of insurance products at a broker dealer.
Benefits of insurance first is simply higher commission payout but when you weigh in lack of salary and limited licensing on the securities side to be truly wholistic, it's not worth it in my opinion. Also almost all of those places have you focus on family and friends out the gate which in my opinion is a mistake. Insurance companies will always hire you after a BD stint, but not always the other way around. |
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Thank you, but he's already been over here and I did pretty well to give him a little more focus from this first thread:
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luvindy
Moderator Joined: May/17/2010 Status: Offline Points: 25767 |
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In before Big Cheese praises Wolf.
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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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Fidelio
Greenhorns Joined: Jul/26/2017 Location: Oregon Status: Offline Points: 16 |
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Do more research on the industry before making a decision. All the companies you mentioned are kinda bottom tier companies.
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PracticalGuy
Rookie Joined: Jun/23/2017 Location: Pittsburgh, PA Status: Offline Points: 5 |
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I have narrowed my choices to Mass, NYL and Guardian who have all extended offers to me.
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PEACH_cm
Senior Member Joined: Jan/16/2013 Status: Offline Points: 7184 |
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Jmhalvo
Member Joined: Aug/25/2016 Status: Offline Points: 276 |
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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I know that's right! I would like to hear more about these "offers" lol . |
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Ironman
Senior Member Joined: Dec/24/2010 Status: Offline Points: 837 |
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You pay:
You get:
Edited by Ironman - Jul/27/2017 at 9:15pm |
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