Starting out as a new advisor

newwurldmn said:
Jump ship and take your clients with you to get a larger payout.
More...
Wouldn't that be against non-competition against your old firm? I know that many firms when you join in, you are asked to sign some non-competition agreement in which you would not approach the clients of your old firm upon leaving the firm and for a certain period of time afterwards typically 6 months. Wouldn't this be in violation of this non-competition agreement? Wouldn't you be open to possible lawsuit by your old firm for that? And besides, I know this is old cliché, but this is the firm that trained you and mentored you and gave you those clients and taught you the rope that got your started. I know this is more financially lucrative but wouldn't jumping ship and taking all the clients away be a betrayal of all the investment and the mentorship that the old firm gave you? I mean Where is the loyalty?? LOL

I don't know I am never comfortable leaving the firm and taking the clients with me.
 
JSOP said:
Wouldn't that be against non-competition against your old firm? I know that many firms when you join in, you are asked to sign some non-competition agreement in which you would not approach the clients of your old firm upon leaving the firm and for a certain period of time afterwards typically 6 months. Wouldn't this be in violation of this non-competition agreement? Wouldn't you be open to possible lawsuit by your old firm for that? And besides, I know this is old cliché, but this is the firm that trained you and mentored you and gave you those clients and taught you the rope that got your started. I know this is more financially lucrative but wouldn't jumping ship and taking all the clients away be a betrayal of all the investment and the mentorship that the old firm gave you? I mean Where is the loyalty?? LOL

I don't know I am never comfortable leaving the firm and taking the clients with me.
More...
Nobody gives you clients, if you're a big producer, firms will recruit you and offer you a generous signing bonus. Its all part of the dance. Where are you from?
 
JSOP said:
I know companies have non-competition clauses.
More...

They are basically non-enforcible. You can’t steal secrets and if you actively solicit clients you might be in trouble. But if your clients choose to go with you, that’s not your fault. That’s why rule #2 is really take care of your clients so they want to sign with with you and not because of the firm. They are your net worth.
 
trademan1 said:
Will take a couple years to get a comfortable living, if you make it until then.
More...
%%
Related to that, trademan1+ your question. I use moving averages ....... more than profit targets+ let profits run. Couple exceptions to that, including when KBH gapped up big time JAN 2018. And since homebuilders are not really known for big trends= tightened up stop , so got stopped out.LOL [ NOT a prediction or advice; trend comment.......]:cool::cool:
 
You must log in or register to reply here.
Back
Top