Would love to hear from someone who has done this recently...being in PCG ...Finet is never expained , etc. They obviously don't want PCG brokers going to Finet but they accept it versus one leaving the firm completely.
I'm tired of the haircuts in comp, the lack of support, etc. To this point I have not brought the idea of going Finet to my manager but feel it is the best way to go? Before I let it be known I was hopeful for some current info here. Apparently profit formula is not available anymore.
I realize going Finet you are responsible for all costs but you have Wells behind you. My 2011 production was 1.5 million. I feel like I'm losing money in PCG ($500,000) yearly or more in real money!
I've heard to go Finet Wells forces you to go to a two day workshop at the home office and basically try to scare you to death with all the expenses and talk you out of it.
With north of 75% of my production coming from reoccurring revenue I'm trying to understand why I should not do it.
I've heard you keep your retention money it is just repapered. Clients keep their account numbers and no one calls your clients during the transition cause you are still with Wells. Unlike if I left to go to another firm.
Thanks in advance...