ML sucks now what???

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Allright people I realize that ML has blown it.  I have 5 years in the business and do 400k in revenue 30 million in AUM.  88% of my book is annunitized in managed products.  I have run my own business befoe but not as an advisor.  Looking to move quick.  I have norrowed it down to LPL, Commonwealth, Cambridge and NEXT.  Have had many conversations and I am conteplating doing my own OSJ or farming it out?  I am not  worried selling against ML but in this environment I am concerend about taking clients although I have had good feedback so far.  I hate having to go hire a staff.  Question is do I use some sort of "admin hub" or just bite the bullet? Any expeirances out there?  Any idea's of which BD to use?
 
Stop the flames just post on yahoo fianance.  Trying to get direction here
 
"Inch by Inch"

ChurnNBurn's picture
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You have run your own business before but not as an advisor? im confused, are you part of a team?

fritz's picture
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Usually people can bring about 50% of the book..In this market would say less, but in your case maybe more.  But they guys at ML will paint you as too young to make it.  If 50% comes can you do 10K a month going forward?

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I have discussed with several friends who are also indy osj's that if I could do it over I would have gladly given up a reasonable percentage (10-15% as a ballpark) to an OSJ just to put that aspect of the task off for 12-18 months while I focussed on moving my book over and getting the pipeline filling operations back up to speed.Just food for thought.

ChurnNBurn's picture
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As a ws guy i would not advise a move here...seems like the jig is up. With a rollover business i would go RIA with Schwab

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mlgone wrote:Thats what I was thinking Hyman.  Make the transition smoother.  Still better than a 36% payout.  But infrastructer is what worries me in this Madolff world.  ML is easy to sell out of but selling "XYZ Investments" isn't.  What firm do you like for managed business?I am with LPL and I'm happy with them.Last time I checked, they haven't needed to ask for government handouts to stay in business, nor have they sold themselves to a bank out of desperation.  I think if you present FACTS to people they will be more comfortable with "XYZ Investments" than you might think.There are other good firms out there, I just happen to think I'm already with the best.

WealthManager's picture
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mlgone wrote:Allright people I realize that ML has blown it.  I was thinking about this type of thoughyprocess last night.  Has ML really blown it? (Don't answer that)  More specifically, has the ML Global Wealth Management really blown it?I tell my clients that the order of my priorities are:My familyMy clientsMy firmI also express to them that if things go bad at ML and that they would be better off with me at someplace else rather than with me at ML, they will hear from me but I'll be calling from someplace else.  I then follow that up with, at this time, besides for big moving bonuses or higher payouts (which only go to me) and maybe not having to explain what the bad press about ML, no other place has demonstrated why my clients would be better off with me there rather than with me at ML.Besides for the emotions that people feel with all of the bad press that ML has been getting, have things gotten worse for clients at ML?--WM

outofjail's picture
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Edwards and Jones warned us about ML

tqspygame's picture
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outofjail wrote:Edwards and Jones warned us about ML
 
What is the relevance of this post? Are you trying to be funny?

outofjail's picture
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you on the Kool Aid too?

HymanRoth's picture
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WealthManager wrote:
mlgone wrote:Allright people I realize that ML has blown it.  I was thinking about this type of thoughyprocess last night.  Has ML really blown it? (Don't answer that)  More specifically, has the ML Global Wealth Management really blown it?I tell my clients that the order of my priorities are:My familyMy clientsMy firmI also express to them that if things go bad at ML and that they would be better off with me at someplace else rather than with me at ML, they will hear from me but I'll be calling from someplace else.  I then follow that up with, at this time, besides for big moving bonuses or higher payouts (which only go to me) and maybe not having to explain what the bad press about ML, no other place has demonstrated why my clients would be better off with me there rather than with me at ML.Besides for the emotions that people feel with all of the bad press that ML has been getting, have things gotten worse for clients at ML?--WMI think that needing a multibillion dollar government rescue package and ultimately being acquired by a white knight is a little more than 'bad press' for clients.  Once BAC starts(continues) taking apart the management infrastructure that was Merrill, it will get worse.

motion's picture
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curious why you think it will get worse?    From my seat ML had to be rescued and was not transparent about the condition of the company....   So, if the same ML managers are run out of town that ran the company into the ground how can it get worse?Define worse for me?      2 CEO's gone -    no expense managment   -- and a 15B loss in the 4th quarter ....  I guess BAC caused that?

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HymanRoth wrote: I think that needing a multibillion dollar government rescue package and ultimately being acquired by a white knight is a little more than 'bad press' for clients.  Once BAC starts(continues) taking apart the management infrastructure that was Merrill, it will get worse.
 

I don’t see how the rescue package is bad for clients other than the fact that it’s being paid with using their tax dollars.
<?: prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 
I’m keeping a close eye on changes to the management infrastructure.  So far there has been little/none that will affect the client.
 
Yes, I drank a bit of the kool aid, but isn’t it a high probability that having access to BoA’s resources will be an additional benefit for ML clients?
 
So far, the only clients that have been negatively affected are the small ones that we don’t get paid on.
 
--WM

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Yes, I drank a bit of the kool aid, but isn’t it a high probability that having access to BoA’s resources will be an additional benefit for ML clients? 
--WM
 
BoA's resources???

 
I moved from ML to BAC... you are in for a downside shock.

advzrguy's picture
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I have always had great respect for ML but management really screwed up.
 
GM was once a great company, their reputation was tarnished and even though they actually make a decent product(quality wise) well you know the rest..... 
 
ML may or may not make it out of this debacle.  The clients money will be ok, but as an advisor are you working a firm akin to GM or Toyota?
 
As for moving.....my 2 cents(I moved my book last Nov.) find a situation where compliance and non-revenue stuff is taken care of for you.  Giving up a little  % to have that off your plate and focusing on transferring every client you can will pay off in the longer term.  You can always change your setup in the future.  For my situation, I almost went with LPL under an OSJ for the reasons above, another opportunity with the same help arose for me to go under a RIA with compliance and set up handled for me while I focused on client transfers. 
 
If you have stayed in front of your clients during the last year, you will transfer over a large % of your book( I was at 90%, incidently some clients will surprise you going and not going but you keep in front of them with your regular info you send out and they may come back after the "promised greener pastures" thing plays out).  Being independent is a very simple story to sell in these uncertain times.  Your clients do business with you and it is your job to seek out the very best environment to conduct that business. 
 
 

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fritz wrote:Usually people can bring about 50% of the book.
That is certainly not what is "usual."  Far from it.  Sounds like you either lost half your book in a move and want to think that is typical, or perhpas just a wild guess.  Either way, it is far from "usual."

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WealthManager wrote:HymanRoth wrote: I think that needing a multibillion dollar government rescue package and ultimately being acquired by a white knight is a little more than 'bad press' for clients.  Once BAC starts(continues) taking apart the management infrastructure that was Merrill, it will get worse.
 

I don’t see how the rescue package is bad for clients other than the fact that it’s being paid with using their tax dollars.
<?: prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 
I’m keeping a close eye on changes to the management infrastructure.  So far there has been little/none that will affect the client.
 
Yes, I drank a bit of the kool aid, but isn’t it a high probability that having access to BoA’s resources will be an additional benefit for ML clients?
 
So far, the only clients that have been negatively affected are the small ones that we don’t get paid on.
 
--WM
 
So if someone brings in $90K and you put it in A share mutual funds, you don't get paid at all?

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So if someone brings in $90K and you put it in A share mutual funds, you don't get paid at all?

That's correct. And POA/PMDs tend to have more of these sub-100k clients as we're starting out in the business, so raising the payout bar from 50k to 100k was disproportionately aimed at us.

Just before leaving ML, I had a new client open a 60k bond portfolio, just to dip his toe in the water with another firm. He has another 900k in investable assets at MS (with a broker he's gotten burned by a few times).

I'm glad to say that's a client (and pipeline) I'll be taking with me to my new firm.

Having ML on your resume is still a good pedigree. If you're passionate about the business, I encourage all former POA/PMDs to knock on every firms door before giving up and leaving the industry.

Good luck!

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WealthManager wrote:HymanRoth wrote: I think that needing a multibillion dollar government rescue package and ultimately being acquired by a white knight is a little more than 'bad press' for clients.  Once BAC starts(continues) taking apart the management infrastructure that was Merrill, it will get worse.
 

I don’t see how the rescue package is bad for clients other than the fact that it’s being paid with using their tax dollars.
 
I’m keeping a close eye on changes to the management infrastructure.  So far there has been little/none that will affect the client.
 
Yes, I drank a bit of the kool aid, but isn’t it a high probability that having access to BoA’s resources will be an additional benefit for ML clients?
 
So far, the only clients that have been negatively affected are the small ones that we don’t get paid on.
 
--WMWell...the way I see it you own a business and there are many firms out there competing for your business.  Why deal with one that is now tainted(for a long while until folks forget)?Personally, I can't wait until my next meeting with a prospect when they pull out Merrill statements...especially if they are rightward leaning in their political views."Gee Mister Jones, doesn't it bother you a bit that you lost all this money with Merill and your financial advisor was paid a bonus with your tax money?  Sign here."

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Pretty funny and accurate comment from Tom Brown:

B OF A FINDS YET ANOTHER WAY TO NOT ENDEAR ITSELF TO THE MERRILL BROKERS IT JUST ACQUIRED

It’s really not very hard to keep retail stock brokers happy. Just follow these three simple rules: 1) Pay them well, 2) bother them as little as possible, and 3) occasionally treat them like big shots. I understand that Bank of America, which has received not one but two capital infusions from the federal government, might be reluctant to spend money on anything that even remotely looks like a boondoggle. But the company’s decision yesterday to no longer treat its top producers to lavish sales trips is a clear violation of Rule 3, above. Bad, bad idea. . . .  
http://www.bankstocks.com/WebLog.aspx?ArticleID=5642&ArticleTypeID=5#5642

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The post is a rag, but here's another beauty from that fine literay work:http://www.nypost.com/seven/01132009/business/bonus_pool_is_back_149888.htm

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The ML bashing is ridiculous.  ML sets the precedent for everything that happens in the brokerage world, good and bad.  There's a reason why ML has the most assets under management as well as the highest average producer in the biz.  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
And HymanRoth, you are so full of garbage.  It's people like you that make me not want to be associated with this business.  You feed your clients and prospects a bunch of lies out of your own insecurities.   I hope you can sleep well at night if your idea of prospecting is bad mouthing other firms and reps.

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Sellout21 wrote:ML sets the precedent for everything that happens in the brokerage world, good and bad.  There's a reason why ML has the most assets under management as well as the highest average producer in the biz.  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
Maybe your analogy would carry water if the Yankees drove themselves to the edge of insolvency and were forced to sell themselves in desperation to the hated Red Sox.  If there's any envy involved here, it's not flowing in the direction you think.  The world as you knew it, and the ML you once knew, is no more.  Just keep telling yourself whatever you want, sellout, if that makes you feel better.  You can face reality or join the other ostriches with their heads planted firmly in the sand.Either way, it don't make me no never mind.

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Sellout21 wrote:
The ML bashing is ridiculous.  ML sets the precedent for everything that happens in the brokerage world, good and bad.  There's a reason why ML has the most assets under management as well as the highest average producer in the biz.  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  

 
ML is also leading in FAs leaving to work at other firms, leading in client asset outflows, leading in trainee terminations and soon to be leading in office closings.
 
The Bull says.........."the future's uncerain and the end is always near."
 
Best of luck to those deciding to stay at ML, but I hope you do so with your eyes wide open understanding that your future will never bear much resemblance to yesterday's glory days.

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If everyone was so unhappy and there are so many better options - why are we not seeing the mass exodus?  Some people have left, but not even remotely close to what would have been expected.  I'm sure there will be more to leave, but by the time a FA could transition and hopefully get 60% of his book at the new firm, the dust will have settled and people will be talking about how ML/BOA are well on their way to recovery.  
I've been independent in the past and I have a lot of respect for anyone that runs a solid business, but there's absolutely no way anyone can tell me that ML doesn't have the best technology and investment platform in the biz.  Walk away from ML and your ability to truly provide the best services and products to clients will be impaired. 

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Sellout21 wrote:If everyone was so unhappy and there are so many better options - why are we not seeing the mass exodus?  Some people have left, but not even remotely close to what would have been expected.  I'm sure there will be more to leave, but by the time a FA could transition and hopefully get 60% of his book at the new firm, the dust will have settled and people will be talking about how ML/BOA are well on their way to recovery.  
I've been independent in the past and I have a lot of respect for anyone that runs a solid business, but there's absolutely no way anyone can tell me that ML doesn't have the best technology and investment platform in the biz.  Walk away from ML and your ability to truly provide the best services and products to clients will be impaired. 
 
I think you will see a slow trickle of advisors leave.  I've talked to a few who said they can pull the trigger at any point but are willing to give BAC a chance.  I think they are also looking at those who have recently left and seeing how successful they are in taking their clients with them.  These guys have all targeted since months as their first reviews of whether to stay or go.

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you need to wake up...there is ZERO difference in the major brokerage houses in the products that they can provide to clients...if you're a consults guy at ML, you'll be an Access guy at UBS, and hire a manager at SB or MS...

no difference in checking/debit cards, mutual fund selection and programs, annuities, life insurance, fee-based advisory accounts, etc. NADA!

the services offered to clients are becoming commoditized...and don't think that trend WON'T continue when they are all owned by big banks now...

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I don't know if your statement is totally true, but ML also has the most assets, most brokers, most trainees, and most offices.  Look at it from a % standpoint and I guarantee ML isn't leading in these categories.  Who cares about trainees anyway...they just take up space and cost the firm money.  9 out of 10 never hit their hurdles and graduate from the training program on their own.  We need less nonqualified people giving investment advice, not more.

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Morphius wrote: Sellout21 wrote:ML sets the precedent for everything that happens in the brokerage world, good and bad.  There's a reason why ML has the most assets under management as well as the highest average producer in the biz.  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.   Maybe your analogy would carry water if the Yankees drove themselves to the edge of insolvency and were forced to sell themselves in desperation to the hated Red Sox.  If there's any envy involved here, it's not flowing in the direction you think.  The world as you knew it, and the ML you once knew, is no more. 
 
 That is funny.  Maybe they are more like the Brooklyn Dodgers who sold out and went to LA...
 
I really am glad I had the opportunity to work at ML, I just don't think ML is the same company that it once was.  

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I'm a recent UBS guy after 7 years at ML and there are some big differences. Technology at ML is light years ahead. I might throw my consultworks out the window one day.   WTMP was great compared to the UBS technology. The back office and service center take forever at UBS to answer the phone. I hate calling for specific product questions and not having anyone answer.

On the other hand...not as many options in Access relative to Consults but with MAC you have many more options. The Regional Consulting Center is an advantage. I like the idea of bouncing asset allocation ideas off of a team. I believe the PBIG teams overall are stronger than the PWA teams at UBS. But one PBIG team left ML in my region and joined UBS. I'll put him up against anyone other than one PBIG in Atlanta.

The financial planning software is better at UBS vs. ML. I did not like wealth outlook and used financeware. FGA is better than wealth outlook and more thorough than financeware but sometimes the simplicity of financeware I appreciated.

If you do annuities, the payouts are drastically different. An L share at ML is 2.25% upfront w/ 80 bps trail. At UBS it is 3.5% upfront w/ 100 bps trail.

Just wanted to put out some observations on the differences between UBS and ML.

70% of our book has moved in 3 months. We lost some we'd like to keep but we also have some who would talk to us now that we are not at ML.

And yes, you could say I sold out for the bonus money. But I am now 32 without a mortgage and have 500k in the bank (I know I still have a contract). I'll give the indy's a few more years to catch up on the high net worth market before looking at that option.

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Sellout21 wrote:I don't know if your statement is totally true, but ML also has the most assets, most brokers, most trainees, and most offices.  Those are the metrics you think matter?!  Who is the biggest?  Incredible.   Have you been living in a cave for the last half a year or so??  Try selling that load of load of rubbish to your clients tomorrow.  They might have bought that line once upon a time.   This isn't limited to ML, but ML is surely a poster child of this mess.  The fairy tale is over, and no one lived happily ever after.

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Leftml - all good points, thanks for the feedback.  The annuity payout at ML is horrifying, but it definitely forces you to be selling annuities to clients for the right reasons, not just for the big ticket.  I'm with you on the independent route - give it a few years.
Morphius - yes, regardless of what your wife says - size does matter.  I'm just kidding, but you set yourself up for that one.

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Sellout21 wrote:Morphius - yes, regardless of what your wife says - size does matter.  I'm just kidding, but you set yourself up for that one.I gotta give you credit for that one, even if it was a bit of misdirection.  Touche!  I'd rather have a good laugh than a boring old argument any day! 

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Sellout21 wrote:The ML bashing is ridiculous.  ML sets the precedent for everything that happens in the brokerage world, good and bad.  There's a reason why ML has the most assets under management as well as the highest average producer in the biz.  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
And HymanRoth, you are so full of garbage.  It's people like you that make me not want to be associated with this business.  You feed your clients and prospects a bunch of lies out of your own insecurities.   I hope you can sleep well at night if your idea of prospecting is bad mouthing other firms and reps.What is ML's ticker symbol?

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Hank - where do I find those equity index annuities in the WSJ? 

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Sellout21 wrote:The ML bashing is ridiculous.  ML sets the precedent for everything that happens in the brokerage world, good and bad.  There's a reason why ML has the most assets under management as well as the highest average producer in the biz.  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
And HymanRoth, you are so full of garbage.  It's people like you that make me not want to be associated with this business.  You feed your clients and prospects a bunch of lies out of your own insecurities.   I hope you can sleep well at night if your idea of prospecting is bad mouthing other firms and reps.Wow...you sound a little touchy.  Are you feeling a little guilty for taking the retention bonus paid from the taxes of hard working Americans?  I know it would bother me a little bit if I had that on my conscience.All I do is ask them the question.  It doesn't really sound to me like you Merill folks have much of a leg to stand on any longer.

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Hyman - You tell me how much of your paycheck is going to be taxed extra to cover ML bonuses?  I'm going to say probably zero, but at most I owe you a small cup of gas station coffee.  But keeping using that line about hard working Americans, it's a good scare tactic.

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Sellout21 wrote:Hank - where do I find those equity index annuities in the WSJ?  On the same page where you find Merrill's ticker symbol.

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Sellout21 wrote:Hyman - You tell me how much of your paycheck is going to be taxed extra to cover ML bonuses?  I'm going to say probably zero, but at most I owe you a small cup of gas station coffee.  But keeping using that line about hard working Americans, it's a good scare tactic.Great. A democrat that thinks money comes from heaven.

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iceco1d wrote:Hank Moody wrote: Sellout21 wrote:Hank - where do I find those equity index annuities in the WSJ?  On the same page where you find Merrill's ticker symbol.
 
Sorry to interrupt...but that's damn funny!!!!  I've got the WSJ mobile reader on my BlackBerry.  When a company goes away, the tickers stay out there with the last closing price.  You can still get quotes for MER, WB, and AGE if you're feeling nostalgic...

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6160 wrote:
iceco1d wrote:Hank Moody wrote: Sellout21 wrote:Hank - where do I find those equity index annuities in the WSJ?  On the same page where you find Merrill's ticker symbol.
 
Sorry to interrupt...but that's damn funny!!!!  I've got the WSJ mobile reader on my BlackBerry.  When a company goes away, the tickers stay out there with the last closing price.  You can still get quotes for MER, WB, and AGE if you're feeling nostalgic...That's special.  Thanks for sharing.

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Sellout21 wrote:
  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
 
Fact check:  In 2008 the Yankees finished third in their division and failed to make the playoffs despite having the highest payroll in history.  They had several highly paid, high profile players who have contributed almost nothing for the last few years (Carl Pavano and Jason Giambi come to mind), their star player (A-Rod) can't do squat in the clutch, and the fan favorite/old reliable's (Derek Jeter) production fell off a cliff last season.  Besides, anyone who knows anything about baseball knows Jeter might be the most overrated player of all time.  And now, their highly respected former manager is writing a tell-all book about his time there.  Yep, alot of parallels between the Yankees and ML.  I'm just not so sure that's flattery anymore. 
 
Here goes Soothsayer making predictions again:  Despite making the three biggest free agent acquisitions in the offseason, the Yankees will fail to win their division yet again in 2009.  Likewise, ML's best days are behind them. 

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Human Nature - we bitch when things get hard. I'm frustrated where I'm at, but then I wonder, why would it be better somewhere else? ML has traditionally been considered #1 in the industry, but the last few months have tarnished that reputation - for now. But I can't figure out why MS, WS, UBS or any other firm is better right now other than they do a better job of staying off the front page of the WSJ.

This is America. Two months out of the news, a 5% bump in the market, and a little good weather and before you know it, no one will even remember the crash of '08. Everyone wants the big retention package or the bonus to move, but in the end, is moving really good for your clients?

Those that truly want to serve their clients' best interest would forego any bonus and take the risk and go Indy. Now that's gutsy, but speaks volumes about one's desire to serve their clients. Because, let's face it, jumping ship to another wirehouse is easy and virtually risk free. You get a big fat check, you inconvenience the Hell out of your clients, but in a month or two, you're back to normal.

If you're complaining about where you're at now, you'll find a reason to complain about where you jump to soon enough. If you go indy, the only one you can complain to is yourself - how long you gonna listen to that?

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Going Indy is the best option.  BAC will in time start to withhold the ML guys trails.  They will have two grids, transaction and trails like they do now at BAI.  They will force you to turn over, no i mean refer, your clients to a banking specialist to sell mortgages and bank products.  Merrill was a great firm.  However, they will not be for long.  Most of the senior management is gone.  Replaced with BAI and BAC guys that do not respect advisors or brokerage business.  The whole industry is in trouble with BAC in charge.

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Soothsayer wrote:Sellout21 wrote:
  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
 
Fact check:  In 2008 the Yankees finished third in their division and failed to make the playoffs despite having the highest payroll in history.  They had several highly paid, high profile players who have contributed almost nothing for the last few years (Carl Pavano and Jason Giambi come to mind), their star player (A-Rod) can't do squat in the clutch, and the fan favorite/old reliable's (Derek Jeter) production fell off a cliff last season.  Besides, anyone who knows anything about baseball knows Jeter might be the most overrated player of all time.  And now, their highly respected former manager is writing a tell-all book about his time there.  Yep, alot of parallels between the Yankees and ML.  I'm just not so sure that's flattery anymore. 
 
Here goes Soothsayer making predictions again:  Despite making the three biggest free agent acquisitions in the offseason, the Yankees will fail to win their division yet again in 2009.  Likewise, ML's best days are behind them. 
 
I couldn't agree more.  Jeter's a great guy, good ballplayer, great teammate.  But for the money, I just don't think it's there.
 
And yes, Yankees fail to win division again.  I think the Sox have it (NOT that I am biased in any way).

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B24 wrote:Soothsayer wrote:Sellout21 wrote:
  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
 
Fact check:  In 2008 the Yankees finished third in their division and failed to make the playoffs despite having the highest payroll in history.  They had several highly paid, high profile players who have contributed almost nothing for the last few years (Carl Pavano and Jason Giambi come to mind), their star player (A-Rod) can't do squat in the clutch, and the fan favorite/old reliable's (Derek Jeter) production fell off a cliff last season.  Besides, anyone who knows anything about baseball knows Jeter might be the most overrated player of all time.  And now, their highly respected former manager is writing a tell-all book about his time there.  Yep, alot of parallels between the Yankees and ML.  I'm just not so sure that's flattery anymore. 
 
Here goes Soothsayer making predictions again:  Despite making the three biggest free agent acquisitions in the offseason, the Yankees will fail to win their division yet again in 2009.  Likewise, ML's best days are behind them. 
 
I couldn't agree more.  Jeter's a great guy, good ballplayer, great teammate.  But for the money, I just don't think it's there.
 
And yes, Yankees fail to win division again.  I think the Sox have it (NOT that I am biased in any way).
 
 
I'm going to have to take issue with this.  Below are just some stats on Jeter.  Over-rated?  Highly improbable!  In addition to production, how do you gauge leadership?
 

All-Star1998 *1999 *2000 (SS)2001 *2002 *2004 (SS)2006 (SS)2007 (SS)2008 (SS)

Awards1996-AL-ROY2000-ML-AS MVP2000-AL-Babe Ruth Award2000-ML-WS MVP2006-AL-Hank Aaron Award

Gold Gloves2004-AL--SS2005-AL--SS2006-AL--SSAll Multiple Winners

Silver Sluggers2006-AL--SS2007-AL--SS2008-AL--SSAll Multiple Winners

MVP (YrLg-Rk-Shr)1997-AL-24-0.011998-AL-3-0.461999-AL-6-0.452000-AL-10-0.112001-AL-10-0.112003-AL-21-0.032004-AL-13-0.032005-AL-10-0.062006-AL-2-0.782007-AL-11-0.04Car-83-2.08 shares

Batting Average1998 AL-.324-51999 AL-.349-22000 AL-.339-52001 AL-.311-92003 AL-.324-32005 AL-.309-62006 AL-.344-22007 AL-.322-9Act-.316-5Car-.316-70

On-base %1999 AL-.438-32000 AL-.416-92003 AL-.393-102005 AL-.389-62006 AL-.417-4Act-.387-18

OPS1999 AL-.989-5

Games1997 AL-159-41999 AL-158-82002 AL-157-92005 AL-159-10Act-1985-19

At Bats1997 AL-654-31998 AL-626-61999 AL-627-62002 AL-644-42004 AL-643-42005 AL-654-32006 AL-623-92007 AL-639-4Act-8025-11

Plate Appearances (approx.)1997 AL-748-11999 AL-739-12002 AL-730-22004 AL-721-52005 AL-752-12006 AL-715-52007 AL-714-4Act-9093-11

Runs1997 AL-116-41998 AL-127-11999 AL-134-22000 AL-119-62001 AL-110-52002 AL-124-32004 AL-111-62005 AL-122-22006 AL-118-2Act-1467-8Car-1467-72

Sooth am I to assume you know nothing about baseball?

nyhavn17's picture
Offline
Joined: 2006-06-01

I see more legacy ML executives and senior bankers left the firm today but no corporate email good byes. And now there are rumors that BAC is asking for more TARP funds combined with the market telling common and preferred holders what they think their true value is.
 
Do you get the feeling that Thain, McCann, Flemming, et al is laughing on the life boats while we go down on the Titanic?
 
 

kappa1997's picture
Offline
Joined: 2006-08-14

Yes, I think they are relieved to be out while according to our stock price we are going down. Soon to be a government run bank, I can't believe it!

EdJehovah's picture
Offline
Joined: 2007-02-01

Merrill Stynch is now being run by none other than the pimp known as Dan Sontag.  Big Dan has gotten a raise and probably a big check, and he is leading his loyal subject to the slaughter.  Dan Sontag is Ken Lewis's whore.  You cant trust a damn word either of them says. 
Get out before you get sucked into Big Dan's bull.
 
ED

Morphius's picture
Offline
Joined: 2007-07-21

So, I'm going to go out on a limb here, Ed, and say you're probably not likely to invite either Dan or Ken over for a beer any time soon?

Soothsayer's picture
Offline
Joined: 2005-02-24

jkl1v1n6 wrote:B24 wrote:Soothsayer wrote:Sellout21 wrote:
  They are the Yankees of MLB - you either love'em or hate'em, but the haters out there generally stems from envy.  
 
Fact check:  In 2008 the Yankees finished third in their division and failed to make the playoffs despite having the highest payroll in history.  They had several highly paid, high profile players who have contributed almost nothing for the last few years (Carl Pavano and Jason Giambi come to mind), their star player (A-Rod) can't do squat in the clutch, and the fan favorite/old reliable's (Derek Jeter) production fell off a cliff last season.  Besides, anyone who knows anything about baseball knows Jeter might be the most overrated player of all time.  And now, their highly respected former manager is writing a tell-all book about his time there.  Yep, alot of parallels between the Yankees and ML.  I'm just not so sure that's flattery anymore. 
 
Here goes Soothsayer making predictions again:  Despite making the three biggest free agent acquisitions in the offseason, the Yankees will fail to win their division yet again in 2009.  Likewise, ML's best days are behind them. 
 
I couldn't agree more.  Jeter's a great guy, good ballplayer, great teammate.  But for the money, I just don't think it's there.
 
And yes, Yankees fail to win division again.  I think the Sox have it (NOT that I am biased in any way).
 
 
I'm going to have to take issue with this.  Below are just some stats on Jeter.  Over-rated?  Highly improbable!  In addition to production, how do you gauge leadership?
 

All-Star1998 *1999 *2000 (SS)2001 *2002 *2004 (SS)2006 (SS)2007 (SS)2008 (SS)

Awards1996-AL-ROY2000-ML-AS MVP2000-AL-Babe Ruth Award2000-ML-WS MVP2006-AL-Hank Aaron Award

Gold Gloves2004-AL--SS2005-AL--SS2006-AL--SSAll Multiple Winners

Silver Sluggers2006-AL--SS2007-AL--SS2008-AL--SSAll Multiple Winners

MVP (YrLg-Rk-Shr)1997-AL-24-0.011998-AL-3-0.461999-AL-6-0.452000-AL-10-0.112001-AL-10-0.112003-AL-21-0.032004-AL-13-0.032005-AL-10-0.062006-AL-2-0.782007-AL-11-0.04Car-83-2.08 shares

Batting Average1998 AL-.324-51999 AL-.349-22000 AL-.339-52001 AL-.311-92003 AL-.324-32005 AL-.309-62006 AL-.344-22007 AL-.322-9Act-.316-5Car-.316-70

On-base %1999 AL-.438-32000 AL-.416-92003 AL-.393-102005 AL-.389-62006 AL-.417-4Act-.387-18

OPS1999 AL-.989-5

Games1997 AL-159-41999 AL-158-82002 AL-157-92005 AL-159-10Act-1985-19

At Bats1997 AL-654-31998 AL-626-61999 AL-627-62002 AL-644-42004 AL-643-42005 AL-654-32006 AL-623-92007 AL-639-4Act-8025-11

Plate Appearances (approx.)1997 AL-748-11999 AL-739-12002 AL-730-22004 AL-721-52005 AL-752-12006 AL-715-52007 AL-714-4Act-9093-11

Runs1997 AL-116-41998 AL-127-11999 AL-134-22000 AL-119-62001 AL-110-52002 AL-124-32004 AL-111-62005 AL-122-22006 AL-118-2Act-1467-8Car-1467-72

Sooth am I to assume you know nothing about baseball?

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