Hey. Quick address correction for Union Bar. 18th St/Park Ave @ Union Sq Park.
1st round still on me.
=)
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
--------------------------------
Sent on the Sprint® Now Network from my BlackBerry®
-----Original Message-----
From: "Victor Lloyd Smith" <vsmith@mlgcap.com>
Date: Thu, 17 Jun 2010 21:40:00
To: MLyon Contacts<contacts@mlgcap.com>
Subject: Investment Advisors International - Mtg Notes 06/17/2010
Here are some key information and Action Steps from today's lunch-and-learn at IAI. There some great opportunities for Financial Professionals, Attorneys, CPAs, CFAs.
Let's meet at Union Bar (E.14th St/Park Ave) on Friday evening (6pm) to discuss. First round on me.
=)
Action Items:
--------------------
- Q3-2010: Investment Moves
(1) Short stocks, bonds (20%)
(2) Go to Cash (70%)
(3) Buy Commodities, ASIA Currencies, High Yield Energy Co (10%)
- Longterm (1) long OIL, USO, DBO or natural Gas - GAS, NRG
- Longterm (2) long ASIA high yield stocks, currencies
- Focus(1) on local 403b non-profits, hospitals/university, medical co.
- Focus(2) newly formed companies LLCs
- Focus(3) hire 'hungry' sales people interested in investments 'the markets'
- Focus(4) get strong referrals by reducing clients' financial fear (give them help)
- Focus(5) share information freely with clients
Key Items to Remember:
-----------------------------------------
- 403b plans can be actively managed on individual basis (university, hospitals, non-profits, schools)
- All clients get 3 keys to Success:
(1) Active Mgmt in all Accounts (VUL, 401k/403b, Annuity) @ start $1 very start (first dollar)
(2) Cost effective living benefits, income protection: Long Term Care, Income Disability
(3) Tax benefits, tax advantaged: CPA tax review + tax protected accounts
- New Client Minimum: Must open at least one account. (Active Mgmt Account or IUL or Index Annuity)
- Client investment horizon has shortened, increase fear. Change the game, reduce risk: Active Mgmt.
- Commissions paid with residuals on total dollars, account value (Assets Under Mgmt)
Top Questions for Clients
-------------------------------------
- Note: 'What's the return' is irrelevant. It's more important to avoid BIG losses.
- Note: Just have a quick conversation. KEEP IT SIMPLE.
- Is it 100% liquid? Move $ in/out
- 100% Transparent 24/7 online
- Is it appropriate for the client objectives? (Does it use derivatives)
- What was the worst quarter in last 10yrs (biggest loss, statement shock)?
- What was the worst year in last 10yrs?
- What was the risk level? (Beta)
- What is your time horizon?
- When will you retire? If you retire? How much money do you need?
You must...
- BE CONFIDENT
- GET THE APP (paperwork)
- OPEN THE ACCOUNT
- FUND THE ACCOUNT
- Make $$$ for the client no matter what!
How to access the 403b Market
-------------------------------------------------
- How many nurses, teachers, non-profit administrators do you know?
- It's a bottom-up market (people 1st, participants, 1on1 referrals)
- Use FlexPlan tools to show the Active Management difference on their retirement plan
- No one is in this market space. Focus :: Focus :: Focus
- Focus on plan providers that allow direct Investment Advisors (IAI):
Check: Fidelity, TIAA-CREF
Work with IAI providers: FlexiblePlan, Hanlon
- Attend the FlexiblePlan webinar on how to access the 403b market, or Open Platform/Custodians
- Get copy of presentation/script from Kentucky team (403b script, forms, presentation)
- 80% conversion rate (manage client accounts actively)
- Search for Fidelity, TIAA-CREF 403b plan participants. Get referred by an employee (individual accounts)
- Call FlexiblePlan confirm eligibility: 3 forms to complete FlexPlan, IAI, 403b provider (get plan#)
How to Access the 401k Market
-----------------------------------------------
- Focus on 401k plans for new, startup business?
- How old is the 401k plan?
- Address fiduciary liability risks.
- Reduce legal risk
- Do a 'free' competitive review if the plan over 3yrs old.
- Reduce costs, reduce risks, protect investment principal
- Review articles on 401k class action lawsuits: John Deere, Phones Inc, Wells Fargo lawsuits over bad 401k plan performance
- Offer education and guidance to fund the 401k account (include tax advice if applicable)
- Reduce Fear with Great Information. Get clients to fund their accounts.
- Hire + Train passionate 'corporate level' reps to get into these markets.
- Nurses looking for '2nd job' or transition career
- No waiting!!! No Fear!!!
The CPA, CFA, Attorney Opportunity
------------------------------------
- Trusted advisor service providers in NY do not need (Series 65) license to provide IAI Investment Mgmt services.
- Great way to double fee income on existing clients (2x Business Revenue in 12months)
- Residual income and revenue with compounding growth (per account values)
- Offer higher value services
- Leverage partner with registered team members and resources to 'talk investments' with clients and setup accounts (50/50 split)
- Special value for attorneys that win lawsuits (court/legal settlements)
- Create new residual income streams (compound income growth).
Need more info, contact Victor for details.
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
--------------------------------
Sent on the Sprint® Now Network from my BlackBerry®
Thursday, June 17, 2010
Investment Advisors International - Mtg Notes 06/17/2010
Here are some key information and Action Steps from today's lunch-and-learn at IAI. There some great opportunities for Financial Professionals, Attorneys, CPAs, CFAs.
Let's meet at Union Bar (E.14th St/Park Ave) on Friday evening (6pm) to discuss. First round on me.
=)
Action Items:
--------------------
- Q3-2010: Investment Moves
(1) Short stocks, bonds (20%)
(2) Go to Cash (70%)
(3) Buy Commodities, ASIA Currencies, High Yield Energy Co (10%)
- Longterm (1) long OIL, USO, DBO or natural Gas - GAS, NRG
- Longterm (2) long ASIA high yield stocks, currencies
- Focus(1) on local 403b non-profits, hospitals/university, medical co.
- Focus(2) newly formed companies LLCs
- Focus(3) hire 'hungry' sales people interested in investments 'the markets'
- Focus(4) get strong referrals by reducing clients' financial fear (give them help)
- Focus(5) share information freely with clients
Key Items to Remember:
-----------------------------------------
- 403b plans can be actively managed on individual basis (university, hospitals, non-profits, schools)
- All clients get 3 keys to Success:
(1) Active Mgmt in all Accounts (VUL, 401k/403b, Annuity) @ start $1 very start (first dollar)
(2) Cost effective living benefits, income protection: Long Term Care, Income Disability
(3) Tax benefits, tax advantaged: CPA tax review + tax protected accounts
- New Client Minimum: Must open at least one account. (Active Mgmt Account or IUL or Index Annuity)
- Client investment horizon has shortened, increase fear. Change the game, reduce risk: Active Mgmt.
- Commissions paid with residuals on total dollars, account value (Assets Under Mgmt)
Top Questions for Clients
-------------------------------------
- Note: 'What's the return' is irrelevant. It's more important to avoid BIG losses.
- Note: Just have a quick conversation. KEEP IT SIMPLE.
- Is it 100% liquid? Move $ in/out
- 100% Transparent 24/7 online
- Is it appropriate for the client objectives? (Does it use derivatives)
- What was the worst quarter in last 10yrs (biggest loss, statement shock)?
- What was the worst year in last 10yrs?
- What was the risk level? (Beta)
- What is your time horizon?
- When will you retire? If you retire? How much money do you need?
You must...
- BE CONFIDENT
- GET THE APP (paperwork)
- OPEN THE ACCOUNT
- FUND THE ACCOUNT
- Make $$$ for the client no matter what!
How to access the 403b Market
-------------------------------------------------
- How many nurses, teachers, non-profit administrators do you know?
- It's a bottom-up market (people 1st, participants, 1on1 referrals)
- Use FlexPlan tools to show the Active Management difference on their retirement plan
- No one is in this market space. Focus :: Focus :: Focus
- Focus on plan providers that allow direct Investment Advisors (IAI):
Check: Fidelity, TIAA-CREF
Work with IAI providers: FlexiblePlan, Hanlon
- Attend the FlexiblePlan webinar on how to access the 403b market, or Open Platform/Custodians
- Get copy of presentation/script from Kentucky team (403b script, forms, presentation)
- 80% conversion rate (manage client accounts actively)
- Search for Fidelity, TIAA-CREF 403b plan participants. Get referred by an employee (individual accounts)
- Call FlexiblePlan confirm eligibility: 3 forms to complete FlexPlan, IAI, 403b provider (get plan#)
How to Access the 401k Market
-----------------------------------------------
- Focus on 401k plans for new, startup business?
- How old is the 401k plan?
- Address fiduciary liability risks.
- Reduce legal risk
- Do a 'free' competitive review if the plan over 3yrs old.
- Reduce costs, reduce risks, protect investment principal
- Review articles on 401k class action lawsuits: John Deere, Phones Inc, Wells Fargo lawsuits over bad 401k plan performance
- Offer education and guidance to fund the 401k account (include tax advice if applicable)
- Reduce Fear with Great Information. Get clients to fund their accounts.
- Hire + Train passionate 'corporate level' reps to get into these markets.
- Nurses looking for '2nd job' or transition career
- No waiting!!! No Fear!!!
The CPA, CFA, Attorney Opportunity
------------------------------------
- Trusted advisor service providers in NY do not need (Series 65) license to provide IAI Investment Mgmt services.
- Great way to double fee income on existing clients (2x Business Revenue in 12months)
- Residual income and revenue with compounding growth (per account values)
- Offer higher value services
- Leverage partner with registered team members and resources to 'talk investments' with clients and setup accounts (50/50 split)
- Special value for attorneys that win lawsuits (court/legal settlements)
- Create new residual income streams (compound income growth).
Need more info, contact Victor for details.
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
--------------------------------
Sent on the Sprint® Now Network from my BlackBerry®
Let's meet at Union Bar (E.14th St/Park Ave) on Friday evening (6pm) to discuss. First round on me.
=)
Action Items:
--------------------
- Q3-2010: Investment Moves
(1) Short stocks, bonds (20%)
(2) Go to Cash (70%)
(3) Buy Commodities, ASIA Currencies, High Yield Energy Co (10%)
- Longterm (1) long OIL, USO, DBO or natural Gas - GAS, NRG
- Longterm (2) long ASIA high yield stocks, currencies
- Focus(1) on local 403b non-profits, hospitals/university, medical co.
- Focus(2) newly formed companies LLCs
- Focus(3) hire 'hungry' sales people interested in investments 'the markets'
- Focus(4) get strong referrals by reducing clients' financial fear (give them help)
- Focus(5) share information freely with clients
Key Items to Remember:
-----------------------------------------
- 403b plans can be actively managed on individual basis (university, hospitals, non-profits, schools)
- All clients get 3 keys to Success:
(1) Active Mgmt in all Accounts (VUL, 401k/403b, Annuity) @ start $1 very start (first dollar)
(2) Cost effective living benefits, income protection: Long Term Care, Income Disability
(3) Tax benefits, tax advantaged: CPA tax review + tax protected accounts
- New Client Minimum: Must open at least one account. (Active Mgmt Account or IUL or Index Annuity)
- Client investment horizon has shortened, increase fear. Change the game, reduce risk: Active Mgmt.
- Commissions paid with residuals on total dollars, account value (Assets Under Mgmt)
Top Questions for Clients
-------------------------------------
- Note: 'What's the return' is irrelevant. It's more important to avoid BIG losses.
- Note: Just have a quick conversation. KEEP IT SIMPLE.
- Is it 100% liquid? Move $ in/out
- 100% Transparent 24/7 online
- Is it appropriate for the client objectives? (Does it use derivatives)
- What was the worst quarter in last 10yrs (biggest loss, statement shock)?
- What was the worst year in last 10yrs?
- What was the risk level? (Beta)
- What is your time horizon?
- When will you retire? If you retire? How much money do you need?
You must...
- BE CONFIDENT
- GET THE APP (paperwork)
- OPEN THE ACCOUNT
- FUND THE ACCOUNT
- Make $$$ for the client no matter what!
How to access the 403b Market
-------------------------------------------------
- How many nurses, teachers, non-profit administrators do you know?
- It's a bottom-up market (people 1st, participants, 1on1 referrals)
- Use FlexPlan tools to show the Active Management difference on their retirement plan
- No one is in this market space. Focus :: Focus :: Focus
- Focus on plan providers that allow direct Investment Advisors (IAI):
Check: Fidelity, TIAA-CREF
Work with IAI providers: FlexiblePlan, Hanlon
- Attend the FlexiblePlan webinar on how to access the 403b market, or Open Platform/Custodians
- Get copy of presentation/script from Kentucky team (403b script, forms, presentation)
- 80% conversion rate (manage client accounts actively)
- Search for Fidelity, TIAA-CREF 403b plan participants. Get referred by an employee (individual accounts)
- Call FlexiblePlan confirm eligibility: 3 forms to complete FlexPlan, IAI, 403b provider (get plan#)
How to Access the 401k Market
-----------------------------------------------
- Focus on 401k plans for new, startup business?
- How old is the 401k plan?
- Address fiduciary liability risks.
- Reduce legal risk
- Do a 'free' competitive review if the plan over 3yrs old.
- Reduce costs, reduce risks, protect investment principal
- Review articles on 401k class action lawsuits: John Deere, Phones Inc, Wells Fargo lawsuits over bad 401k plan performance
- Offer education and guidance to fund the 401k account (include tax advice if applicable)
- Reduce Fear with Great Information. Get clients to fund their accounts.
- Hire + Train passionate 'corporate level' reps to get into these markets.
- Nurses looking for '2nd job' or transition career
- No waiting!!! No Fear!!!
The CPA, CFA, Attorney Opportunity
------------------------------------
- Trusted advisor service providers in NY do not need (Series 65) license to provide IAI Investment Mgmt services.
- Great way to double fee income on existing clients (2x Business Revenue in 12months)
- Residual income and revenue with compounding growth (per account values)
- Offer higher value services
- Leverage partner with registered team members and resources to 'talk investments' with clients and setup accounts (50/50 split)
- Special value for attorneys that win lawsuits (court/legal settlements)
- Create new residual income streams (compound income growth).
Need more info, contact Victor for details.
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
--------------------------------
Sent on the Sprint® Now Network from my BlackBerry®
Sunday, January 10, 2010
Low Cost Tips to Launch Your Business
Here are some tips to help setup your business and keep costs low.
1) Register your business name at your local County Clerk's Office (est. cost: $200)
2) Contact the IRS to get an EIN (Employer ID Number) (est. cost: free)
3) Setup your bank checking and savings accounts. Try Chase, Capital One or TD Bank. They have great small business packages. (est. cost: $100+ to open accounts)
4) Be sure to keep all your business expenses separate from your personal expenses. Business expenses are tax deductible, so keep good records. You can use Quickbooks or try this spreadsheet for Small Office / Home Office Businesses to stay organized. (est. cost: free)
5) As your earn revenue for your company, always invest, save and pay your salary! Try to invest & save 30% of earned income. Keep the right Financial Order of Operations. (est. cost: Pricele$$)
Note:
Once you have about $5,000 in your business accounts and things are up and running, we'll talk about getting incorporated as an LLC (Limited Liability Corp). Check out The Company Corporation or www.LegalZoom.com. (est. cost $1,000)
As you manage your new business, use the right Financial Order of Operations.
All the Best
Millennium Lyon Asset Management
Legacy Capital: The Driving Force of the American Dream
Get your copy: Amazon.com, Barnes & Noble, Audio Series, e-Book
It Takes Leadership to Become Great
The right leadership can inspire a team and an organization to greatness.
If leadership could be summed up in one simple thought, it would be setting an example for others to follow. It's an important concept, especially in tough economic times, when companies are struggling and employees are worried about their careers and their next paycheck. When uncertainty is pervasive and the future lacks predictability, employees need reassurance that their interests, as well as those of upper management, are valued and being protected.
"The only safe ship in a storm is leadership," says Faye Wattleton, president of the Center for the Advancement of Women.
Friday, January 1, 2010
Did Unemployment Really Drop?
Fewer Americans than anticipated filed claims for unemployment benefits last week, pointing to an improvement in the labor market that will help sustain economic growth next year.
Initial jobless claims fell by 22,000 to 432,000 in the week ended Dec. 26, the lowest level since July 2008, Labor Department figures showed today in Washington. The number of people collecting unemployment insurance fell in the prior week to 4.98 million, and those receiving extended benefits jumped.
U.S. Mortgage Rates Rize
Mortgage rates in the U.S. rose to the highest since August, raising the prospect that the budding housing recovery will stall as home buying becomes more costly.
The rate for 30-year fixed U.S. home loans rose to 5.14 percent for the week ended today from 5.05 percent, mortgage finance company Freddie Mac said. That's the fourth consecutive weekly increase. A record low of 4.71 percent was reached in the week ended Dec. 3. This week's average 15-year rate was 4.54 percent, the McLean, Virginia-based company said today in a statement.
-Bloomberg
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