UBS will be best wire on street if Mccann pulls this off
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I went on broker trip.
Mccann and his team blew people away.
These guys get it BIG TIME.
They have crushed a ton of "old" UBS already
If they pull this off......UBS will be best wire on the street.
write it down.
you heard it here first.
Dude is the man
[quote=borei]
"Would you please elaborate on this a bit?"
UBS has the BEST tasting Koolaid!
[/quote]
they get it.
make UBS 7000ish FA firm
gave a great argument why smaller size will work to compete vs. monster wfc and C and regionals
Focus on FA.
Understands that FA drives biz.
blow out middle management layers of crap. rock in operations. think out of box. provide great platforms.
they must have said 40 times that everyday my main job is to rehire you
Dude has balls of steel. making monster changes. I have seen it
each of his head peeps from MER spoke. everyone smart and tough.
Ive seen a lot of sh@$ in this biz over the years. tons of these dog and pony shows
i am as cynical as they come (read my posts on pricem hofstra and the other MF clowns here.)
Mcann's pitch is the best I've ever seen. spot on. i love the guy.
some idiots asked some dumb ass questions....he bithc slaped them.
it was awesome in a "feel good" forum like this. never happens. they suck up and BS. I LOVE it.
dude calls it as straight as anyone ive seen in 25 years in this biz.
and most of the time he is 100% spot on.
Can he pull it off? thats why they play the games.
who knows.
what I have seen so far. don't bet against this SOB.
look at his history with BAC, told them to kiss his a$%.
The way he talks, I think he has free rein from Swiss idiots.
I don't do Koolaid. call em as i see em.
Ive been with a firm when one of these turn arounds works. does,nt take long to get ball rolling
Sounds like he is flipin a house, probably be some prime real estate soon. GS needs some time to clear the air before they make another bid. McCann may have time to double the asking price. Dimon must not be interested...
[quote=Jennifer Nettles]
I went on broker trip.
Mccann and his team blew people away.
These guys get it BIG TIME.
They have crushed a ton of "old" UBS already
If they pull this off......UBS will be best wire on the street.
write it down.
you heard it here first.
Dude is the man
[/quote]
Totally agree he is a badass. I will also bet that within 18 months UBS will sell its Americas business. The Swiss gov't is forcing their hand hard behind the scene, and that is the real ball that is already rolling.....
I think it would be a major coup if some private equity firm or RIA rollup firm bought the Americas business and brought it private, and re-branded it. Just not sure if they could service the banking side of the business. Is that a major aspect of business at UBS?
This my cue?
Best wire house!
That is like saying my state prison is better than your state prison.
How is that? Deekay
These guys are hired based on their 15 minute presentation. UBS can't go from good to crappy to great based on one shrewd dude.
Really - what if they paid you a sh*t load based on creating a good impression. You would say:
A) the FA is king, everything revolves around the FA relationship and 7000 wirehouse guys are better than regionals and the firm who can dilute their fixed costs over 15,000 FAs -or-
B) Everyone who was good four years ago already left, and the folks who joined us in the past two years joined because we 've been paying more than the good firms (like junk bonds pay more than the good bonds) and those same folks will go to the other wirehouses as soon as their deals are up.
I'd say A - if I could stand being part of the conversation.
FYI - a due diligence meeting is like a wholesaler lunch - all the annuity companies bring a fancy pants guy trained in hypnosis while American Funds brings PB&J. Eventually the good guys realize the PB&J is the better deal.
Connect the dots kids. Badass at MER, went to UBS, takes MER execs to do ? The balls already rolling in Switzerland. Is it possible they'll get scooped up by BAC? Call me crazy but I think it's likely within 18 mo....
no way in hell BAC would buy UBS. Or be permitted to. What ever UBS does will focus on A) increasing the distance between US and Swaziland ....Switzerland, and B) adjusting to whatever the financial reform gig turns our to be.
By the way, UBS in mu hood keeps recruiting some top folks - though they tend to be habitual firm-switchers.
[quote=NOVA]
Really - what if they paid you a sh*t load based on creating a good impression. You would say:
A) the FA is king, everything revolves around the FA relationship and 7000 wirehouse guys are better than regionals and the firm who can dilute their fixed costs over 15,000 FAs -or-
B) Everyone who was good four years ago already left, and the folks who joined us in the past two years joined because we 've been paying more than the good firms (like junk bonds pay more than the good bonds) and those same folks will go to the other wirehouses as soon as their deals are up.
I'd say A - if I could stand being part of the conversation.
FYI - a due diligence meeting is like a wholesaler lunch - all the annuity companies bring a fancy pants guy trained in hypnosis while American Funds brings PB&J. Eventually the good guys realize the PB&J is the better deal.
[/quote]
U have an axe to grind.
i dont.
read my posts on clown MF price and boys
or that CS strumpf from WFC.
Im objective. your angry at them for some reason
(you shd lose your anger. not healthy)
[quote=Greenbacks2]
This my cue?
Best wire house!
That is like saying my state prison is better than your state prison.
How is that? Deekay
[/quote]
i have only been with wires.
(26 years).
notice i DID say wire.
INDY=I GET IT.
(I was a who#e for the 3.1mm bucks that i invested near spx 700-i admit it and dont regret it)
indy is better. wires are net negatives
(dont bet agaist this Mccann MF)
Jennifer is right, folks. I was at the same meeting. This new management team has its sh1t together. I went to the meeting as a skeptic and left feeling like our firm is finally being led by adults. Tech enhancements will make us the industry gold standard. FA's not at UBS should definitely take notice. FA's at UBS will be glad they're here, if they weren't already. Mock me if you want-- I don't care. You'll see evidence soon enough.
Lew Ashby
@ Lew... real pumped up to here your take on the mgmt team.. What kinds of tech enhancements are you referring to? Would be real interested to better understand. Technology is going to drive the industry-- no doubt about it.
Falling in love with tech (or mgmt hype) is like falling in love with a hooker, you will get cheated on. Count on it. UBS and MS are so leveraged that NOTHING can save them.