tag:blogger.com,1999:blog-9139191744337994512.post3068846923578940284..comments2023-10-09T02:36:16.771-07:00Comments on The Financial Advisor Netzone: Tales from The Ripped (Off)- Advisors and Agents Speak OutTDhttp://www.blogger.com/profile/03368416068466754070noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9139191744337994512.post-16380741182075843152007-07-01T13:33:00.000-07:002007-07-01T13:33:00.000-07:00Tammy,How sad it is that what you post is represen...Tammy,<BR/><BR/>How sad it is that what you post is representative of what you are receiving...<BR/><BR/>I'd be happy to add suggestions to help people do better... However, what I won't do is help agents do better at the expense of retirees... <BR/><BR/>What do I mean by that?? Well, I believe with every fiber of my being that people that are going to "advise" retirees on what they should be doing with their hard-earned money should have more than just a life insurance license... Why? Because a retiree can't afford to make mistakes with their retirement assets and when they make a mistake with an annuity with a long surrender period (and a high surrender charge), I believe that they've been harmed... So, I won't help someone that only has a life insurance license so that they can do this sort of thing...<BR/><BR/>That said, I will walk across broken glass to help a life insurance person makes it painfully clear to their prospects/clients that the only thing they have to offer is an annuity (and that their recommendation does not include a comparison to a broad variety of securities to ensure that their recommendation is the thing that is best for the client)... Unfortunately, I've not met that person yet, so I don't have to spend much time/effort helping them out.<BR/><BR/>So who do I help?? I help anyone that is willing to get a Series 7 and 65/66 along with an insurance license so that I know that the prospect/client at least has a chance to receive the best possible solution for them... Do these licenses mean that they will get good advice?? Clearly, no, but it is a good start.<BR/><BR/>Sadly, what I hear far too often is that registered reps are giving up their NASD licenses and, as a result, only offer fixed and equity indexed annuities to their clients... What is their #1 reason for this? They say that it is because of all of the BS put on them by their BDs compliance department... So, what do I say to that?? Well.... Boo hoo...<BR/><BR/>To restate their reasoning in a way that isn't quite as flattering... They would rather have nobody looking over their shoulder and sell lots of the wrong things than have some oversight and sell not quite as much of the right things. If that isn't true, please consider one fact...<BR/><BR/>A person that holds an NASD license and a life insurance license can still sell fixed and equity indexed annuities... So why don't they? Because they can't justify the sale to their OSJ... <BR/><BR/>Sorry for the rant, but I feel just as strongly about this as you do about helping people see that companies like NFJavelin are a ripoff...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9139191744337994512.post-67428968724046591352007-07-01T09:40:00.000-07:002007-07-01T09:40:00.000-07:00I post what people send in- their evaluations and ...I post what people send in- their evaluations and comments. Perhaps I am wrong but INFO also includes personal experiences, testimonials, and kudos. <BR/><BR/>I am not "trashing" or tageting any particular company. I just wrote an article with tips on how to choose a lead source. <BR/><BR/>I didn't trash anyone in the article- these are legitimate pointers you can apply to ANY lead service you might wish to check out. <BR/><BR/>It was in direct response to someone asking me "so how can I tell if this is a real lead service or not?"<BR/><BR/>I allow any advisor who wants to to post true stories. How is that trashing? If the shoe fits...<BR/><BR/>Also INL- since Javelin is one of the more aggressive lead companies in terms of marketing and calling people, it is understandable that many of the emails I get deal with them. <BR/><BR/>Don't you think there is some value in letting potential clients know about the companies they MIGHT do business with.<BR/><BR/>This is NOTHING like SBL, which was originally intended for employees and people who LOST MONEY.<BR/><BR/>However, since LK continues to target unsuspecting agents and advisors and offer crap, you can be assured his name WILL pop up from time to time.<BR/><BR/>You might want to back up and look at the other content a bit before you start crabbing at me.<BR/><BR/>Another suggestion: You might also give me ideas for future topics. <BR/><BR/>What is hot and burning for you right now? Seminars? Direct mail?<BR/>Lead lists? What is it that you want information about, anyway?<BR/><BR/>I am glad to accomodate but you seem hellbent on ferreting out any mention of Javelin, even though ZI get about 20 emails a day asking about them.<BR/><BR/>Bad news sometimes travels very slowly on the Internet.<BR/><BR/>tdTDhttps://www.blogger.com/profile/03368416068466754070noreply@blogger.comtag:blogger.com,1999:blog-9139191744337994512.post-45237253578607368462007-07-01T09:26:00.000-07:002007-07-01T09:26:00.000-07:00Tammy,I'm having a hard time seeing how this blog ...Tammy,<BR/><BR/>I'm having a hard time seeing how this blog is any different than the "screwedbylarry" blog... You seem to be unable to tell a story without trashing someone else...<BR/><BR/>I thought the purpose of this blog was to provide us with info that we can use to help us do better... Not just another blog that talks about how we can get screwed (especially by LK)...Anonymousnoreply@blogger.com