Sounds like their considering some comp. changes as well.  I’m sure they will do something to increase payouts for the top 10-20% of brokers and $1million and above teams.  I could see them increasing the penalty box limits too.  We’ll probably find out before too long.

[quote=MWD123]Sounds like their considering some comp. changes as well.  I'm sure they will do something to increase payouts for the top 10-20% of brokers and $1million and above teams.  I could see them increasing the penalty box limits too.  We'll probably find out before too long.[/quote]

I would love for them to address the issue of Team Compensation.  They've been talking about it for years, but since Gorman seems to really be promoting teambuilding, I'm hoping comp changes come soon with that.

Does MS consider team production the same as individual production?

For instance, Is a 3 person team doing $600k considered one producer, or it it 3 $200k producers?

No, MS does not consider team production the same as individual production.  In your example, it would show as 3 separate produces doing $X dependiong on their split agreement.  I think that this will change as MS goes toward verticle teams.  From what I’ve heard the verticle team structure is common at ML.

my feeling is anyone under 300k will have penalty box

[quote=frumhere]my feeling is anyone under 300k will have penalty box[/quote]

With certain LOS criteria. ie. 5 yrs. $250k 8 yrs. $300k 10 yrs. ?

not sure, but i think it will get ugly soon

[quote=frumhere]

not sure, but i think it will get ugly soon

i think the ugliness is over.  when they do the new comp grids, that’s when it will get really ugly. 

where is mike butler when i need him?

I was wondering that too…he is not to bright, but I find his blind commentary funny

I sure you will show up now that you presence has been asked for Butler…so let me ask you what you think about the brokerage settlements for registrations, SA’s, errors, O/T etc…How do you think this will play out over the next year or two?

[quote=fritz]I was wondering that too…he is not to bright, but I find his blind commentary funny[/quote]

You may not think Mike is bright, but I bet he knows the proper ways to use “to” and “too”!

What was that old saying about glass houses…

[quote=fritz]I was wondering that too...he is not to bright, but I find his blind commentary funny[/quote]

That's fine, because I find your relentless negativity and rumor mongering to be pretty humorous. It always reminds me of the two losers in Glengarry Glen Ross.

[quote=MWD123]

[quote=frumhere]my feeling is anyone under 300k will have penalty box[/quote]

With certain LOS criteria. ie. 5 yrs. $250k 8 yrs. $300k 10 yrs. ?

[/quote]

I wouldn't be surpirsed to see the penalty box expanded, but not as much as suggested above. I think it now only applies to >LOS8 <$200k. It would be interesting to see what level it's at at other wirehouses.

[quote=frumhere]

not sure, but i think it will get ugly soon

[/quote]

What is it that gives you the negative vibes? I’m not arguing, just curious.

[quote=mikebutler222][quote=MWD123]

[quote=frumhere]my feeling is anyone under 300k will have penalty box[/quote]

With certain LOS criteria. ie. 5 yrs. $250k 8 yrs. $300k 10 yrs. ?

[/quote]

I wouldn't be surpirsed to see the penalty box expanded, but not as much as suggested above. I think it now only applies to >LOS8 <$200k. It would be interesting to see what level it's at at other wirehouses.

they are going to be changing syndicate rules soon and i think it is the beginning of blue/gold/platinum reps.

[quote=frumhere]they are going to be changing syndicate rules soon and i think it is the beginning of blue/gold/platinum reps.[/quote]

There's always been a pecking order in syndicate, nothing new there. What's with the blue/gold/platinum reps stuff? Is that from Gorman's ML days?