Professional Referrals
Printed From: Advisorheads
Category: Introductions
Forum Name: Greenhorn Introductions
Forum Description: MAKE YOUR FIRST POST HERE!
URL: http://www.advisorheads.com/forum_posts.asp?TID=21353
Printed Date: Mar/26/2026 at 3:45pm
Software Version: Web Wiz Forums 12.03 - http://www.webwizforums.com
Topic: Professional Referrals
Posted By: brownc27
Subject: Professional Referrals
Date Posted: 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. |
Replies:
Posted By: DucatiSportGT
Date Posted: Mar/11/2025 at 3:07pm
|
Kind of standard practice. Put the one you like most at the top. ------------- Bring back Helado! |
Posted By: LA Broker
Date 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 |
DucatiSportGT wrote:Posted By: CashFlow
Date 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.
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Posted By: DucatiSportGT
Date Posted: Mar/11/2025 at 6:40pm
You guys never worked for a big bank. ------------- Bring back Helado! |
Posted By: freebird
Date 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 |
Posted By: missionshooter
Date 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. |
Posted By: Iamlegend
Date Posted: Mar/11/2025 at 9:49pm
That is the policy at WFA.
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Posted By: CFLRS
Date Posted: Mar/12/2025 at 11:44am
| My RIA has the same policy. It is very stupid. |
Posted By: llcoolj
Date 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. |
Posted By: DucatiSportGT
Date 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." ------------- Bring back Helado! |
Posted By: freebird
Date Posted: Mar/12/2025 at 3:11pm
That’s why mission gives them 3 large cap value mutual funds at Jones!
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Posted By: spudpotato
Date 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. |
Posted By: DucatiSportGT
Date Posted: Mar/14/2025 at 5:23pm
Why not? ------------- Bring back Helado! |