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Software Vault: The Diamond Collection
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The Diamond Collection (Software Vault)(Digital Impact).ISO
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BNK.TXT
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1995-03-16
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Be A Bank Deposit Broker
Here's a really unique opportunity that our
researchers have discovered. BankNet lets financial
professionals sell FDIC-insured bank certificates of
deposit (CD's). If you are not in a position where you
would be able to sell such investments yourself, you
can still make money by recruiting financial
professionals in your area to represent the BankNet
program.
Every month hundreds of millions of dollars are
invested in CD's by individuals who will only put their
hard-earned dollars in a safe investment. How often
has an insurance agent or other financial professional
reasoned with a client about the safety and advantages
of an annuity or single premium life policy only to
lose his commissions to the local bankers' certificate
of deposit? It happens all the time!
BankNet puts you in the business of negotiating
CD's, and no license is required. Do you know who the
only other ones are that have this opportunity? They
are the banks, credit unions, and security firms. And
the cost to open your own bank, credit union, or
securities firm would be astronomical. By contrast,
you are in business with a minimal capital outlay; you
don't need to purchase or lease expensive office space
if you don't want to; no staffing is required; no
inventory is necessary.
For example, insurance agents can do extremely
well by advertising CD's in their local papers along
with a brief reference to "CD alternatives." When
appointments are set to discuss the CD's, the agents
present the advantages of their annuities or single
premium life policies and often times convince the
client to take the life insurance product. When they
don't, they sell a CD! Some bank's long-term CD's have
an average annual yield of 10%
As a BankNet agent you will have immediate access
to the highest paying CD's in the country, updated
daily. Over 2200 banks that pay commissions under
special contractual arrangements are scanned each week
to insure that you are able to offer your clients the
highest paying FDIC-insured CD's.
BankNet is an FDIC approved brokerage agency.
There is no fee for this service. Think of BankNet as
a travel agent who arranges airplane tickets for you.
The travel agent gets the best price for you on a
selected airline that directly pays the travel agent a
small fee for their service. BankNet is paid by the
banks in the same way, and shares those commissions
with its agents.
This service has been available to institutional
investors for over 9 years. Last year alone BankNet
sold over $100,000,000 in CD's. Now it's available to
independent financial professionals to offer to their
clients.
They have structured additional overrides to be
paid to independent agents by letting you be paid on
the business of new BankNet agents for several levels
below you.
For more information, send a self-addressed
stamped envelope to: Atlas Financial Services Group,
822 Guilford Avenue, #119, Baltimore MD 21202. Before
sending for the literature, however, we do want you to
be aware that it does cost about $300 to get started,
so this won't work if you can't afford an initial
investment of that size.
The BankNet literature you will receive is
targeted to insurance agents, but remember that anyone
can sell the CD's, either as their only business or as
part of a professional practice such as investment
advising, accounting, law, or real estate. A
securities broker license is not required. And anyone
can recruit financial professionals in their area,
earning override commissions on the sales of those they
recruit.