And those defections were planned prior to the merger announcement.

I've heard the same thing.  Non event.

My impression is that even though most fc’s felt betrayed at the outset, the retention numbers were enough to appease most. I’ve done the math and it makes financial sense to move elsewhere.

[quote=Reggin]

And those defections were planned prior to the merger announcement.

I've heard the same thing.  Non event.

Heard of about 15+ so far and more to come late summer and early fall.  If going indy, it takes time to take down space, shop for furniture, etc. so maybe a lot are laying low for the time being.   Would be dumb to rustle feathers if not ready to leave or still deciding which firm. 

Any idea how long it takes to prepare to move a large book of business? I used a transfer broker service to move 100+ million book from the koolaid stand company and it took months to properly prepare. Its not like you just unplug the coffee maker and walk.    

I’ve already had five defectiond from my TRAINING class. I think what bothers me most is the full court sales pitch from Bagby, Ludeman & Co. What they don’t realize is that we are salespeople and recognize when the phrase “our cultures are rooted in a common client first approach” has been repeated ad nauseum. Just received the letter today giving the road show cities, can’t wait for more lipstick to be applied to the proverbial pig

[quote=nyhavn17]I've already had five defectiond from my TRAINING class. I think what bothers me most is the full court sales pitch from Bagby, Ludeman & Co. What they don't realize is that we are salespeople and recognize when the phrase "our cultures are rooted in a common client first approach" has been repeated ad nauseum. Just received the letter today giving the road show cities, can't wait for more lipstick to be applied to the proverbial pig[/quote]

Training class defections?? Those don't really count. I know people that put the training class photo on the back of their door and X'd out people's faces as they left. Normally about 5 out of 30 are left in 3 yrs.

Lipstick, kool-aid, KY, whatever. You have nothing but time on your side to make any decision.

[quote=shredder]

[quote=nyhavn17]I’ve already had five defectiond from my TRAINING class. I think what bothers me most is the full court sales pitch from Bagby, Ludeman & Co. What they don’t realize is that we are salespeople and recognize when the phrase “our cultures are rooted in a common client first approach” has been repeated ad nauseum. Just received the letter today giving the road show cities, can’t wait for more lipstick to be applied to the proverbial pig[/quote]

Training class defections?? Those don't really count. I know people that put the training class photo on the back of their door and X'd out people's faces as they left. Normally about 5 out of 30 are left in 3 yrs.

Lipstick, kool-aid, KY, whatever. You have nothing but time on your side to make any decision.

Yes - Hull - They are in a gang

a.g.e.lians.. tell me why u would not  sit tight?.. collect another generous 401k contribution for current year.. your sales bonus on current year production  and then 1/6 of your fy 2006 in cash and TRY  wb for 1 yr and be employed on 3/1/09 and see how it will pan out.. we as a group,  the higher producing profitable revenue fc's control our destiny and the direction the firms can go.. SIGN NOTHING..god willing your production will increase say 10% minimum.. if wb becomes less accommondating or banklike we leave.. LOGIC OVER EMOTION.. my plan fwiw 

[quote=k@me8500]

a.g.e.lians.. tell me why u would not  sit tight?.. collect another generous 401k contribution for current year.. your sales bonus on current year production  and then 1/6 of your fy 2006 in cash and TRY  wb for 1 yr and be employed on 3/1/09 and see how it will pan out.. we as a group,  the higher producing profitable revenue fc's control our destiny and the direction the firms can go.. SIGN NOTHING..god willing your production will increase say 10% minimum.. if wb becomes less accommondating or banklike we leave.. LOGIC OVER EMOTION.. my plan fwiw 

[/quote]

You may write like a retard, but I agree with you.

Morgan's offering 125% upfront and another 25% a year over the next 3 years which equates 200% total package.  With Wach I get 40% with another 20% 11 years later.  which should I choose?  LOL

Do you realize what a huge effort it is to move a book?  Or you could just sit there, do what you’ve been doing, and just collect some free money.

[quote=skbroker]

Morgan's offering 125% upfront and another 25% a year over the next 3 years which equates 200% total package.  With Wach I get 40% with another 20% 11 years later.  which should I choose?  LOL

no matter what  it will be a different firm.  It either wachovia or other firm.  I could possibly make 800k over the next 3 years with morgan compared to 140k with wach basedon retention package.  How do you what kind of environment wach will be once all the dust have been settled.   Wachovia isn’t any different than other wirehouses that are based in new york from word on the street and I am going to do what is best for me and my clients.  No more AGE

[quote=Ferris Bueller]Do you realize what a huge effort it is to move a book?  Or you could just sit there, do what you’ve been doing, and just collect some free money.[/quote]

Ferris this guy is a moron, save your breath.  He’s willing to sign on to a 5-9 year contract without knowing what he’s leaving nor considering what he could make as an indy with his own business.  Let him jump to Morgan he gets what he deserves!

Joedabrkr

It must be nice to receive a check for 100G with a production of 250k after 20 years.  I guess the only option you have is to stay because no firm will look at you with your piker status.  I am trailing 450k in 7 years in the bus all through cold calls and referrals.  On the bright side for you when these ag brokers leave you can pick up those 15g accounts.   dipsh*t 

[quote=skbroker]

Joedabrkr

It must be nice to receive a check for 100G with a production of 250k after 20 years.  I guess the only option you have is to stay because no firm will look at you with your piker status.  I am trailing 450k in 7 years in the bus all through cold calls and referrals.  On the bright side for you when these ag brokers leave you can pick up those 15g accounts.   dipsh*t 

Seriously. Just leave.  Do not pass GO.  Pack up your book and move it to MS or whomever will pay you the biggest upfront money.  We're tired of hearing about how you are bitter.  Yadda Yadda Yadda.

But DO come back in 6 months.  I can't wait to hear how this turns out.