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Fidelio View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fidelio Quote  Post ReplyReply Direct Link To This Post Posted: Jul/26/2017 at 10:23pm
Think about how the new DOL rules will affect your choices. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NYC Financial Quote  Post ReplyReply Direct Link To This Post Posted: Jul/26/2017 at 11:02pm
This article will help you just a bit - even though I don't charge planning or consultation fees:

great article

similar to frank betger's ideas
Just Do It
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RipRock Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 11:30am
Originally posted by NYC Financial NYC Financial wrote:

This article will help you just a bit - even though I don't charge planning or consultation fees:

great article

similar to frank betger's ideas

So on your PDF there is an image of a guy drinking coffee while holding a cigar in the same hand with an orange shirt on with green suspenders. 

Can you take the article seriously? Really?

How about this - join a large successful team, be an asset and essential component, learn and then grow. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote bc2051 Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 11:39am
Originally posted by RipRock RipRock wrote:

Originally posted by NYC Financial NYC Financial wrote:

<div style=": rgb248, 248, 252;">This article will help you just a bit - even though I don't charge planning or consultation fees:<div style=": rgb248, 248, 252;">http://www.financialsoftware.com/pracbldr/documents/WhyLifeAgentsHaveaPoorImagebyEdMorrow.pdf<div style=": rgb248, 248, 252;">
<div style=": rgb248, 248, 252;">great article<div style=": rgb248, 248, 252;">
<div style=": rgb248, 248, 252;">similar to frank betger's ideas


So on your PDF there is an image of a guy drinking coffee while holding a cigar in the same hand with an orange shirt on with green suspenders. 

Can you take the article seriously? Really?

How about this - join a large successful team, be an asset and essential component, learn and then grow. 


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RipRock View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RipRock Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 2:03pm
Originally posted by RipRock RipRock wrote:

Originally posted by NYC Financial NYC Financial wrote:

This article will help you just a bit - even though I don't charge planning or consultation fees:

great article

similar to frank betger's ideas

So on your PDF there is an image of a guy drinking coffee while holding a cigar in the same hand with an orange shirt on with green suspenders. 

Can you take the article seriously? Really?

How about this - join a large successful team, be an asset and essential component, learn and then grow. 

Holy Fuck its worse than I thought - on the last page there is literally a $50 "Ethics Plaque" you can purchase and hang in your office or waiting area. I mean come on, thats why "Agents" get a bad wrap - they are not "Agents" but "Financial Fixers" or "Financial Problem Solvers" but in reality its always bait and switch - want to invest? Here is an index annuity, want to do a financial plan? Great we need to buy a index annuity to pay the premiums on LTC. On and on and on and on....



Edited by RipRock - Jul/27/2017 at 2:05pm
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luvindy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 2:52pm
Originally posted by RipRock RipRock wrote:

Originally posted by RipRock RipRock wrote:

Originally posted by NYC Financial NYC Financial wrote:

This article will help you just a bit - even though I don't charge planning or consultation fees:

great article

similar to frank betger's ideas

So on your PDF there is an image of a guy drinking coffee while holding a cigar in the same hand with an orange shirt on with green suspenders. 

Can you take the article seriously? Really?

How about this - join a large successful team, be an asset and essential component, learn and then grow. 

Holy Fuck its worse than I thought - on the last page there is literally a $50 "Ethics Plaque" you can purchase and hang in your office or waiting area. I mean come on, thats why "Agents" get a bad wrap - they are not "Agents" but "Financial Fixers" or "Financial Problem Solvers" but in reality its always bait and switch - want to invest? Here is an index annuity, want to do a financial plan? Great we need to buy a index annuity to pay the premiums on LTC. On and on and on and on....


I'm starting to develop an interest in this thread, but I need a little more to go on.
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 15,322
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Post Options Post Options   Thanks (0) Thanks(0)   Quote D.H.K. Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 2:56pm

Yes, I take him very seriously.  That graphic... was rather stupid, but most people think of life agents as being stupid and annoying anyway.  (Ned Ryerson anyone?)

As far as the IARFC association... I don't take them seriously anymore.  They are a complete joke.  Why?  Because they will grant their RFA or RFC designation to anyone who has a license (life insurance OR Series 6, 63, 7, 66, 65, etc) and pays their fees.  No additional study required.  Their "designations" are simply symbols of IARFC membership and a pledge to adhere to the code of ethics.

It wasn't that way until last year.  I reported this change to the NAIC as I thought it was despicable - and all of this was AFTER the "crackdown" on senior designations.  It's just stupid that they did this.
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Omar View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Omar Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 6:52pm
You are really going to have to choose your focus going forward.  Insurance or Investments?
If you stay with the insurance side, I'm not too familiar with the best names in the game.  I mean, sure head to Mass Mutual or any other life insurance based company and you'll probably end up doing what you are now.  Just getting by (no offense).  Maybe consider a large insurance broker.  But you'll still have the same problem, finding prospects to sell to.  Lots of people are going online for basic insurance these days unless you can focus on high net worth type of cases.
If you focus on investments and move to a wirehouse, you'll start fresh. Again, you'll need to work your ass off finding people and build a book.  It will be a grind and then you'll probably want to leave and go independent down the road if you make it.
If I were you and you are looking for an investment focus, find a bank or credit union.  It will be easier to prospect using their customer base.  That will help you build assets and book that will be movable when the time is ready.  That's really how I ended up where I am.  Started selling insurance, went to bank program, and went Indy.   Next move will be RIA.

The game is out there. Either play or get played.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NYC Financial Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 11:32pm
Any tips on how to get hired as a FA in a bank?

I had initial phone interview with EJ today. Sounds pretty good. Meeting a Penn Mutual GA next week. Keeping all options open.
Just Do It
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Post Options Post Options   Thanks (0) Thanks(0)   Quote D.H.K. Quote  Post ReplyReply Direct Link To This Post Posted: Jul/27/2017 at 11:40pm
Sure - get experience (1-3 years), fail to meet your hurdles, and then you'll be eligible for a bank or credit union to hire you.
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Omar View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Omar Quote  Post ReplyReply Direct Link To This Post Posted: Jul/28/2017 at 5:43pm
Originally posted by NYC Financial NYC Financial wrote:

Any tips on how to get hired as a FA in a bank?

I had initial phone interview with EJ today. Sounds pretty good. Meeting a Penn Mutual GA next week. Keeping all options open.

You have experience and are licensed.  Just depends on the competition your up against.
The game is out there. Either play or get played.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NYC Financial Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 1:42pm
Decided basically to stay with a insurance based company, making decent money from half a percent AUM fees doesn't look too rosy.

Penn sounds good, since they're the only mutual who has IUL, which I see is a very hot hot product. NYL and I think MM also, don't even allow you to sell IUL even through brokerage. 

Penn offers new agents 36k salary (not a draw against commissions, straight salary) first yr and 28k second year, which is unheard of in the industry, so it should be easy to recruit if i decide to go down that path.

Any thoughts, suggestions?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote RIArules Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 1:54pm
Originally posted by NYC Financial NYC Financial wrote:

Decided basically to stay with a insurance based company, making decent money from half a percent AUM fees doesn't look too rosy.

Penn sounds good, since they're the only mutual who has IUL, which I see is a very hot hot product. NYL and I think MM also, don't even allow you to sell IUL even through brokerage. 

Penn offers new agents 36k salary (not a draw against commissions, straight salary) first yr and 28k second year, which is unheard of in the industry, so it should be easy to recruit if i decide to go down that path.

Any thoughts, suggestions?



You are dead to me.
We may "rob you slowly," but you're not going to see that shit.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Macduff Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 2:02pm
Originally posted by NYC Financial NYC Financial wrote:


Penn sounds good, since they're the only mutual who has IUL, which I see is a very hot hot product. NYL and I think MM also, don't even allow you to sell IUL even through brokerage. 


LOLLOL

Cry
“I was born for the storm, and a calm does not suit me.”

― Andrew Jackson
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NYC Financial Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 2:05pm
Originally posted by RIArules RIArules wrote:

Originally posted by NYC Financial NYC Financial wrote:

Decided basically to stay with a insurance based company, making decent money from half a percent AUM fees doesn't look too rosy.

Penn sounds good, since they're the only mutual who has IUL, which I see is a very hot hot product. NYL and I think MM also, don't even allow you to sell IUL even through brokerage. 

Penn offers new agents 36k salary (not a draw against commissions, straight salary) first yr and 28k second year, which is unheard of in the industry, so it should be easy to recruit if i decide to go down that path.

Any thoughts, suggestions?



You are dead to me.

Why
Just Do It
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NYC Financial Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 2:12pm
For my market whole life sucks, and they are not used to investing in the market. They also have families and like permanent insurance. With a no downside risk and potential participation in market upside, tax free and a death benefit, it could be a heavy hitter, since no one else is offering it.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote squeaky Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 2:29pm
It's gonna be HUGE!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 3:19pm
Tell me more about that product. It's making me hot!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 3:31pm
What about the one that's always on the commercials for the Price is Right? Is that this one? Wilford Brimley and Alex Trebek?
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 15,322
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Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Aug/08/2017 at 3:53pm
Jesus Ilya, go back to building websites.
"I am moving June 2018" - Chief, 08/03/2016

"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Unknown, 09/20/2016
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