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Zackatack View Drop Down
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    Posted: Jan/03/2014 at 12:47pm
Hello all I'm new to this site and the industry, actually haven't even begun. I'm entertaining the idea of jumping into the Financial Advisory world. I am coming from 8+ years of successful B2B Territory Sales. Ive cultivated about a 100 or so great relationships with small to medium sized business owners and I think I'm ready to help them all with their Financial futures. Any and all advice is welcome. I have a few interviews set up, Prudential, Northwestern Mutual, AXA, ICM, and Edward Jones. Who should I go with; who will give the best training and support, best pay? I'm located in San Deigo, Ca- La Jolla. thanks for all!
Zackatack
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SometimesNowhere Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 12:49pm
What company did you work for in San Diego?
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Zackatack View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zackatack Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 12:53pm
Here's a little blirp from my resume Approve, the most recent San Diego positions.


ISS Research, LLC (OhYeah! Nutrition)                                                                 02/2013-Present

Territory Sales Manager

·         Manage and call on independent nutrition stores, gyms, fitness clubs and specialty accounts to sell/build distribution, promotional programs, increase volume and brand awareness.

·         Obtained 300 new accounts in the first 90 days of employment.

·         Increased volume by 31%, FDM share by 14% and C-Store share by 34% through portfolio expansion, sales execution and pricing while reducing expenses by 11% on a per case basis.

·         Increased market penetration and volume by 100% through promotion execution and developing relationships with top grocery, convenience stores and chain field management.

·         Manage and build relationships with network of local and regional beverage distributors to grow retail presence through increased distribution, ad features, sales programming and consultative selling.

·         Train and educate distributor sales reps and merchandisers on effective merchandising techniques including proper shelf management and POS placements to build brand awareness.

·         Through in-house meetings and ride-alongs with distributor sales reps surpassed territory division annual volume plan.

·         Develop local brand strategies and advertising plans for major sports, entertainment and educational institutions to drive brand awareness and increase market share through on-site product samplings.

·         Increased product placement 3 times more than previous year throughout the territory.

BEST BEVERAGE CATERING, LLC.                                                                                     2009-2013

Regional Operations Manger (2010-2013)

·         Managed 18 person team to deliver daily operations, logistics and inventory control for events and festivals in California, Arizona and Nevada.

·         Redesigned client distribution system, warehouse operating procedures and staffing requirement to increase productivity, reduce cost and improve customer service by 30%.

·         Developed and implemented training program for Los Angeles operations and management team which reduced operating costs by 9 %.

Regional Account Manager (2009-2010)

·         Managed existing key accounts and acquired new accounts through consistent sales calls, networking and implementing relationship building activities resulting in increased regional sales of 300%.

·         Grew territory by 26% and increased profit by 32% through portfolio expansion and execution of sales/pricing promotions.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote NewMgr Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 1:04pm
NML will have you selling life insurance for the first year (or maybe more), Pru and AXA ask about their proprietary requirements...

Have you talked to Wells Fargo or Merrill (their PMD program is tough to hit, but it's a good experience builder)?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote underway63 Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 1:04pm
Welcome
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Zackatack View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zackatack Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 1:05pm
Thank you!! Happy New Year!!!

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Zackatack View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zackatack Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 1:10pm
I'll ask about the proprietary requirements at Pru and AXA, I meeting with them early next week.
I haven't spoken with Wells Fargo or Merrill yet. Thank for the insight!! greatly appreciated!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NewMgr Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 1:21pm
Originally posted by Zackatack Zackatack wrote:

I'll ask about the proprietary requirements at Pru and AXA, I meeting with them early next week.
I haven't spoken with Wells Fargo or Merrill yet. Thank for the insight!! greatly appreciated!!




Sure thing. I went through a similar transition 4 years ago. I was in the industry though (since 1995) in different capacities and didn't have a book to speak of. Be wary of the insurance companies. And keep us posted on how your interviews go. There are lots of smart people out here.
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Zackatack View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zackatack Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 1:30pm
Thanks for the heads up, Ill keep you all posted. Thanks everyone!!

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 4:00pm
NewMgr is lying.  There aren't a lot of smart people to talk to.  There's me, and a handful of others.  That's pretty much it.  That being said, take those companies off your list.  Interview at Morgan Stanley, UBS, Merrill, and Wells Fargo.  Go with Wells Fargo if they make you an offer.  Go with one of the others if they don't.

If you fail out of one of those firms and want to stay in the industry, then go to Edward Jones (they are a fine firm, a little restrictive on the investments compared to the firms I listed, but they have lower goals so you'll be a shoe in for a position there if you have experience from one of the wirehouse firms).  Also, the wirehouse firms above pay higher salaries to start (and for a longer period of time).  Might as well get paid the most you can to train.  

In 5 years you'll either be out of the industry, happy at one of those firms because you're getting free assets from failed out brokers, or reasonably successful on your own merits and looking to go indy anyway.

Good luck. 

And you're welcome.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 4:01pm
Oh, and as a follow up...

Pru and AXA are just complete garbage, as is Metlife and every other non-mutual life insurance b/d.  Northwestern, Guardian, Mass, and NYL are good firms, but they won't pay you much, if anything to train, and you will primarily be a life insurance salesman, which isn't likely what you're looking for. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote NewMgr Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 4:19pm
Originally posted by helado helado wrote:

Oh, and as a follow up...


Pru and AXA are just complete garbage, as is Metlife and every other non-mutual life insurance b/d.  Northwestern, Guardian, Mass, and NYL are good firms, but they won't pay you much, if anything to train, and you will primarily be a life insurance salesman, which isn't likely what you're looking for. 


You're a lot more direct than I am, but that's what I was hinting at.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 4:19pm
I've been accused of a lot of things, but being more direct?  I dunno about that...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 5:02pm
I basically agree with Helado
Go with the larger firms and favor WFA.  (I am with them)

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jan/03/2014 at 6:34pm
Iamlegend just agreed that there aren't a lot of smart people, just mostly me and a handful of other people.

Big smile
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Zackatack View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zackatack Quote  Post ReplyReply Direct Link To This Post Posted: Jan/18/2014 at 11:15pm
I met with Prudential, I liked the hiring manger. Re there products good? They told me I would be selling a combination of life and mutual fund policies, is this true, am I missing out on selling other products? Does any one know the commission splits, what would you make on a 500k term police?
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Zackatack View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Zackatack Quote  Post ReplyReply Direct Link To This Post Posted: Jan/18/2014 at 11:17pm
Why are they complete garbage?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dow30 Quote  Post ReplyReply Direct Link To This Post Posted: Jan/19/2014 at 9:48am
Set up an appt. with a local Edward Jones guy in La Jolla, take him out to lunch. There is huge potential in your area. Def. big $$ in that area.
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