Friday, November 12, 2010

And So It Begins

Today we saw our first client, well my mentor did. unfortunately I was not at the meeting but my mentor said it went really well and he is looking forward to future meetings with this client. My mentor also informed me he would like me to start coming to some of these meetings and to accompany him on presentations he will be giving to prospective clients. It is real exiting to look back to a month ago and see where we have come (1 client) BUT more coming.
Once again I have another job to brief a report about fees comparing traditional asset based fees like that of Meryl Lynch to ours.
Another big topic we are talking about is the relationship between broker dealers/advisors. at big investment companies the advisors/brokers have more of a financial incentive when clients invest in equities rather than bonds and other forms of investments this is why we believe that there is a conflict of interest and something should be done. Ultimately that you should either be a broker dealer or an advisor. this will in the end benefit the client more than the fat cats managing other people finances.

2 comments:

  1. That sounds pretty exciting that you would have the opportunity to go with your mentor. I don't believe I even have the chance on going anywhere except my cubicle and the storage room at my internship. I sort of wish that was a possibility where I'm at.

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  2. That does sound very interesting Matt. I'm glad you are finding your internship to be a positive experience. I personally do not enjoy dealing face to face with clients or customers, I would rather sit in an office or cubicle and just focus on doing my work. I get exactly that out of my internship. With the database, we really have very little to do with customers.

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