42 Million $$$ MS

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fritz's picture
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Joined: 2006-01-12

Soon as my cut comes in the Morgan Settlement heading straight to a car dealership.

Thinking Range Rover Sport or a new 911.....Any suggestions out there from anyone??

JonesIR's picture
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Joined: 2005-12-31

doubt you will get enough for a down payment

fritz's picture
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Joined: 2006-01-12

figuring about 15 to 20K per broker in California...
 
should cover the down payment and a personalized license plate that  says "thxMwd"

doberman's picture
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Joined: 2005-02-22

Gee, I wonder how many brokers will invest their cut of this extortion?

blarmston's picture
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Joined: 2005-02-26

You gotta go with the '06 M5. That thing is a rocket with the v12 in there. Get black with black leather and get the recessed wheels on there.... Make it happen....

fritz's picture
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Joined: 2006-01-12

fritz wrote:
Soon as my cut comes in the Morgan Settlement heading straight to a car dealership.

Thinking Range Rover Sport or a new 911.....Any suggestions out there from anyone?? comes in "from"

frumhere's picture
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Joined: 2005-02-22

I have already bought a VA and managed futures in advance of my check coming.

TOPBROKR's picture
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Joined: 2005-08-11

Any more details on this settlement? Does it cover all 50 states for MS
brokers? And what time period? Does it have to do with the gross of the
broker, their length of time there, or both? Any info would be
appreciated..

$ N the Bank's picture
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Joined: 2005-12-27

The settlement is completely based upon the following:
1. Number of B Shares sold
2. AUM with Morgan Stanley Funds (not including VK or MSIF)
3. Sales contest top 3 finishes (If you went to Brtittany Spears you're in)
4. Number of managers you've had since 1998.
5. Blue households you "Migrated" in last 12 months.
6. If you ever reffered to Stephen Crawford as "Sir".
7. Did you "SHAG" Anita Kolleny.

troll's picture
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Joined: 2004-11-29

blarmston wrote:You gotta go with the '06 M5. That thing is a rocket with the v12 in there. Get black with black leather and get the recessed wheels on there.... Make it happen....Dude you're obsessed!

troll's picture
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Joined: 2004-11-29

joedabrkr wrote: blarmston wrote:You gotta go with the '06 M5. That thing is a rocket with the v12 in there. Get black with black leather and get the recessed wheels on there.... Make it happen....Dude you're obsessed!
Joe, those of us who love fast cars would tell you there's no such thing as being obsessed. OTOH, what is troubling is that blarmston doesn't know that a Turbo 911 or a GT3 would be a much, much better buy than the BMW 

blarmston's picture
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Joined: 2005-02-26

Ahhhh... You old farts can stick with your Porsches and GT 3's... I'm 28 and would much rather prefer the M5 or a SL55... To each his own...

troll's picture
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Joined: 2004-11-29

blarmston wrote:Ahhhh... You old farts can stick with your Porsches and GT 3's... I'm 28 and would much rather prefer the M5 or a SL55... To each his own...
True.... but why would being younger make you want to buy a bigger, heavier, slower car? Isn't that what old folks are supposed to want? 

troll's picture
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Joined: 2004-11-29

blarmston wrote:Ahhhh... You old farts can stick with your Porsches and GT 3's... I'm 28 and would much rather prefer the M5 or a SL55... To each his own...28?  Dude you should stick with something you can handle then, like maybe one of those cute little Volkswagen New Beetle GT's with the rose vase in it...

blarmston's picture
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Joined: 2005-02-26

Haha... Good stuff JoeDaMan... good to see you havent lost that east coast humor...

troll's picture
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Joined: 2004-11-29

blarmston wrote:Haha... Good stuff JoeDaMan... good to see you havent lost that east coast humor...
 
no worries bra....no worries!

fritz's picture
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Joined: 2006-01-12

My early understanding is CA brokers..But the attorney has said to "sit tight" as to other states.. Quick settlements will be the norm.
 
Length of service most practical way to divide the proceeds.  This will change compensation in states that the suits are in.  Smaller payout and a salary.  Whatever, probably a negative long term... but anyone in this job for the long term is a loser anyway (me included if I dont get out in the next 5 years).

NY_BROKER's picture
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Joined: 2005-08-20

fritz wrote:
  Whatever, probably a negative long term... but anyone in this job for the long term is a loser anyway (me included if I dont get out in the next 5 years). Why do you feel that you need to get out?

troll's picture
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Joined: 2004-11-29

NY_BROKER wrote:fritz wrote:
  Whatever, probably a negative long term... but anyone in this job for the long term is a loser anyway (me included if I dont get out in the next 5 years).
Why do you feel that you need to get out?
 
Your attitude sucks so bad why don't you get out now so the rest of us can take care of your clients?

fritz's picture
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Joined: 2006-01-12

Didnt mean to offend you...I am a 475,000 producer who splits 64/36 with the firm...making about 125,000 pretax...After tax about 80,000.
 
Nearly all of my friends (some doing more gross some less) who were in this business and have gotten out are killing it.  Most make more in a month then I make in year.  You want to buy my book I'll sell it to you.  Then I will say thank you and good luck!!!

waterboy's picture
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Joined: 2005-12-27

Fritz
gotten out and killing it? making more in 1 month? what the heck are they doing?

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