Good afternoon to all fellow forum advisors. I would first like to apologize for passing on as fact information that was given to me as fact. I was 100% shocked there was no retention announced today.

As of today, after 20+ years with A.G. Edwards I have decided to move to a new firm. I have received 270% total package with the new company but I will be honest, it wasnt the money that made me leave, I could have left a long time ago for a lot more. I left because:

1. While I have a tremendous amount of respect for Danny, I believe he is operating in an environment where his hands are 100% tied. While he may have good intentions, he cant follow through with those intentions while Dad (Wells Fargo) holds the checkbook.

2. Nobody will ever be the old A.G. Edwards, but Wells seems to be the polar opposite of A.G. Edwards. Ben would never allowed the haircuts, the extra trivial charges and fees that are popping up more and more. I have been on numerous recognition trips with overflowing lobster, now I am grilled on every expense.

3. I have had many opportunities to dine with Ben Edwards. I was in St. Louis one time and Ben excused himself for the evening. About ten minutes later he came back upstairs and said “I got to my car and I just couldnt leave without making sure you knew how much I appreciate your hard work for our company, you are a blessing”. Who does that? Stumpf? Hays? Ludeman? Would Ben have left the office today with this still hanging out there? I believe 100% in the “Client first” thought process and we have discussed it at length. Your clients are yours, treat them right and we will treat you right. Gentleman, do you see even a glimpse of that with Wells?

4. The last reason for leaving is this. During these horendous times in the market the key is to keep in touch with your clients. Let them know you are there for them. The communication from Hays and Ludeman has been horendous. Wrong to promise timing of retention once, no problem, twice OK, 5-6 times just plain head scratching. Hays said in a conference call with managers two weeks ago “Days, not weeks” re: retention. How does Hays pack it up today and go home knowing there is a broken promise and a very large staff hanging on his every word, and not address it one bit?

Gentleman, UBS may happen (I personally think it will), retention may come, it may be front end, it may be higher payout, it may be no, what I do know is I will no longer be lied to, and made to feel as if I am not important to a company.

I wish all of you the best, I will be checking in to see the status of retention (Pure Curiosity) and I hope you all have a wonderful three day weekend. Again I apologize for passing on information that I deemd 100% accurate.

if you left today shouldnt you be calling your clients?  you got some gigantic balls.

If we treated our clients like dl an jh have treated us, we would not have any clients. Enough said.

if you left today shouldnt you be calling your clients?  you got some gigantic balls.

[quote=skbroker]if you left today shouldnt you be calling your clients?  you got some gigantic balls.

[quote=BE PATIENT]I would first like to apologize for passing on as fact information that was given to me as fact. QUOTE]

Who gives out 270%

Good afternoon to all fellow forum advisors. I would first like to apologize for passing on as fact information that was given to me as fact. I was 100% shocked there was no retention announced today.

As of today, after 20+ years with A.G. Edwards I have decided to move to a new firm. I have received 270% total package with the new company but I will be honest, it wasnt the money that made me leave, I could have left a long time ago for a lot more. I left because:

1. While I have a tremendous amount of respect for Danny, I believe he is operating in an environment where his hands are 100% tied. While he may have good intentions, he cant follow through with those intentions while Dad (Wells Fargo) holds the checkbook.

2. Nobody will ever be the old A.G. Edwards, but Wells seems to be the polar opposite of A.G. Edwards. Ben would never allowed the haircuts, the extra trivial charges and fees that are popping up more and more. I have been on numerous recognition trips with overflowing lobster, now I am grilled on every expense.

3. I have had many opportunities to dine with Ben Edwards. I was in St. Louis one time and Ben excused himself for the evening. About ten minutes later he came back upstairs and said “I got to my car and I just couldnt leave without making sure you knew how much I appreciate your hard work for our company, you are a blessing”. Who does that? Stumpf? Hays? Ludeman? Would Ben have left the office today with this still hanging out there? I believe 100% in the “Client first” thought process and we have discussed it at length. Your clients are yours, treat them right and we will treat you right. Gentleman, do you see even a glimpse of that with Wells?

4. The last reason for leaving is this. During these horendous times in the market the key is to keep in touch with your clients. Let them know you are there for them. The communication from Hays and Ludeman has been horendous. Wrong to promise timing of retention once, no problem, twice OK, 5-6 times just plain head scratching. Hays said in a conference call with managers two weeks ago “Days, not weeks” re: retention. How does Hays pack it up today and go home knowing there is a broken promise and a very large staff hanging on his every word, and not address it one bit?

Gentleman, UBS may happen (I personally think it will), retention may come, it may be front end, it may be higher payout, it may be no, what I do know is I will no longer be lied to, and made to feel as if I am not important to a company.

I wish all of you the best, I will be checking in to see the status of retention (Pure Curiosity) and I hope you all have a wonderful three day weekend. Again I apologize for passing on information that I deemd 100% accurate.

I suspect there are going to be several resignations from WFC in the coming weeks.

“As of today, after 20+ years with A.G. Edwards I have decided to move to a new firm. I have received 270% total package with the new company but I will be honest, it wasnt the money that made me leave, I could have left a long time ago for a lot more. I left because:”

I heard another bit of gossip that’s apparently on the rumor circuit as well.

He kept us thinking that WE should BE PATIENT but he was planning his departure the whole time…

Really …

He kept us thinking that WE should BE PATIENT but he was planning his departure the whole time…a**hole.

Nothing wrong with having a plan B.

Both UBS and Morgan Stanley are giving out 270% for 1 million plus producers.

The one thing about these anonymous forums is you can’t believe anything you read.  I am mad at myself for beliving him.  He left before the end of the day, why was he so convinced we were going to hear something today.    BP, JH, and DL are all the same.

I said it 100 pages ago and no one believed me.

I hate to call a 60 year old a douchebag but you fit the description.  OK so you have decided to go to another bank and get paid 270% and you tell us its not about the money?  Please its all about the money and if it wasnt you would be headed to lpl or sf.  I hope your clients arent dumb enough to follow you.

You are right SK. It's not about the money! 270%! Have someone read your post to you and see how you sound. That's like banging some other chic and telling your wife it wasn't about the sex.