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New to board but not business |
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Gads 
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Joined: Jul/03/2011 Status: Offline Points: 496 |
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 Topic: New to board but not businessPosted: Jul/03/2011 at 10:19pm |
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I've been independent for almost a year. Prior to going Indy, I was with a bank broker-dealer for 15 years and Dean Witter for a couple of years. I'm loving independent life and wish I would have taken the plunge several years ago.
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Ron 14
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Posted: Jul/03/2011 at 10:22pm |
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Welcome gads!
If you don't mind me asking...was there any trouble breaking away from the bank? Edited by Ron 14 - Jul/03/2011 at 10:27pm |
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Gads
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Posted: Jul/04/2011 at 12:07am |
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Ron 14,
Not as much as I thought I might have. I got a Fed Ex package from them the first week, sternly reminding me of my one year non-compete, telling me to return any bank documents I might have in my possession and that they would seek a cease and desist order if I gave them reason to do so.
I brought my assistant with me as well as hired another bank employee (former teller) to pursue the clients because neither one was under a non-compete. I have three weeks left until my one year is up and we've taken about 18 mil from them and moving more and more each week. Since the initial letter, I have not heard another thing from the bank. I have been very careful what I have said and what I have put in writing this past year but in three week's I'll "unleash hell" on them.
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Sportsfreak
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Posted: Jul/04/2011 at 9:27am |
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Gads, welcome to the boards. Look forward to your contribution.
Are you now in an Indy bank program, or straight Indy? |
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If you eat an entire cake without cutting it, then technically, you only had one piece
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Gads
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Posted: Jul/04/2011 at 9:41am |
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Thank you for the welcome. I've already gotten a lot of the boards in one day and look forward to contributing.
I guess I'm sort of a hybrid. I'm straight Indy with most of my practice but I signed up a small community bank and getting ready to sign up another with the thought of hiring another broker soon to take over the bank platforms so I can concentrate on my core business.
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Guests
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Posted: Jul/04/2011 at 9:53am |
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Welcome Gads, glad to have you. How'd you find the board?
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CashFlow
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Posted: Jul/04/2011 at 9:57am |
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Best of luck to you Gads! Sounds like you have your head on straight. |
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Gads
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Posted: Jul/04/2011 at 10:04am |
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I've enjoyed looking at the registered rep forum over time but felt there had to be other boards that were more active. So I googled it and found you guys. |
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Sportsfreak
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Posted: Jul/04/2011 at 10:06am |
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Well, you no doubt, found a board that is more active.
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If you eat an entire cake without cutting it, then technically, you only had one piece
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Ron 14
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Posted: Jul/04/2011 at 10:28am |
You are my hero.
 (currently a bank rep)Congrats and well done!
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RickRoss
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Posted: Jul/04/2011 at 2:09pm |
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Ron, if you don't mind me asking, are you still at Chase? If not, do you mind me asking where you are now?
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"Act as if you are the MF bomb..... even if you are one of those snap pops you throw on the ground."
-gotplanning, 2/9/12 |
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newregrep
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Posted: Jul/05/2011 at 9:23am |
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Welcome Gadz! |
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Helado for Prez
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SometimesNowhere
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Posted: Jul/05/2011 at 9:25am |
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I, for one, love the fact that he hired away employees that didn't sign non-competes to go after his clients. That is BRILLIANT! I wish I'd thought of that...
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knuk
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Posted: Jul/05/2011 at 9:36am |
I was thinking the same thing...I feel dumb.
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administrator
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noggin
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Posted: Jul/05/2011 at 9:46am |
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Welcome Gadz!!
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What keeps us captive are our own fears.- Moraen
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Indyone
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Posted: Jul/05/2011 at 5:17pm |
 ...that's in my expansion plan too. It will be my luck that a bank manager reads this and puts them all under non-competes! |
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"Independence is like the Berlin Wall. People are only jumping in one direction." - Philip Palaveev - November 2005. "You are never free...unless you are independent..." - Indyone - May 2005.
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Gads wrote: