[quote=Baba Booey]

We didn't go tits up.....and I don't have to explain to my clients why we needed TARP dollars.  I guess you're right...that is MUCH better.

Baba booey you clearly are an idiot based on your comments and questions. What the f— is RBC? Let me explain why a retention from Wachovia to Wells is in order.

Dear Mr AGE guy, we Wachovia have bought A.G. Edwards and with the numerous choices you have would like you to continue to have you work for us. Ok, I will bite, looks like a good company, good stock, thank you for the 1.2 mill check.

1 1/2 years later, oh by the way we forgot to tell you based on our idiot CEO’s decisions we are going to do the following

1. Turn your 1 million in company stock into 200K
2. Almost go bankrupt and put you through absolute hell with our Wachovia to Citi to Wachovia independant, to Wells decision making, all while you are having to field 1000 calls on whether your money market is safe
3. We are going to turn your long term options into wothless pieces of shit
4. We are going to hang you out for 17 weeks wondering what company you are even going to be working for. When your clients call to ask them who they do business with you have to say “Me, beacuase our corporate cant make a f—ing decision”.

Thats why !!!

I often wonder why people like you that dont even work for Wachovia or Wells would even be on a forum like this. You quit us 8years ago. You had a hard time explaining who AGE was when you were there? What a f—ing moron. I would guess you are single, bored, sitting in your underwear, eating your swanson frozen dinner at the computer wondering if you are going to break 100k this year.

Ps: In case I didnt already say it, you are a f—ing moron

Sam come on…you know just as well as I do that WB opened at $.70 and was on life support until Citi, then WFC stepped up…they went tits up for all intensive purposes.

[quote=jimmymac24]I am a ws broker and came over on a deal from another firm 3 yrs ago. i am still on a deal so i dont feel i deserve a retention deal. My manager says I may get one but I am not focusing too much on it.

I averaged $225k from the age of 25-31 slinging bagels and doughnuts…saved a shit load of money to whether the income hit, now I’m back. While in production at AGE, I was recruited by Jones to take over a $20mm office and was offered the wholesaler job. Decided to cut my teeth as a wholesaler.

plus, Stern is not funny anymore.

Hey leave Baby Boo Hoo alone, he might bring in $10mm.  Idiot.

[quote=Baba Booey]Sam come on…you know just as well as I do that WB opened at $.70 and was on life support until Citi, then WFC stepped up…they went tits up for all intensive purposes.

when this thread hits 100.    retention next day.

when this thread hits 100.    retention next day.

$225k is about $600k in production, did you average that in your late 20’s?  $9.2 so far in the past 11 months…have you ever brought in $10mm NEW in 12 months?

[quote=Baba Booey] $225k is about $600k in production, did you average that in your late 20’s? $9.2 so far in the past 11 months…have you ever brought in $10mm NEW in 12 months?

I’m just getting you guys going.  I could give two shits if you get paid…

I think we all have gotten a little full of ourselves and are going to face a grim reality over the next several years. The good old days are over and are not coming back for a long long time. Lets face it. We benefitted from an economic boom that started in the early 90s and is clearly over now. We were way overpaid and things are gonna continue to change for the worse. Harry Dents new book the next great depression is an eye opener for me. We are in for a rude awakening. Half the guys on these posts will not be in the business in 5 years. We all benefitted from a boom that made us look a lot smarter than we really are.

9 million my ass. Any producersupposedly making the big $ as you say then decides to be a wholesaler? What a moron. I have read many different posts, many I disagreed with but you my friend take the cake. Let me get this straight.



You are a big producer who quits AGE to be a wholesaler then comes back to be a 9 mill producer who in his spare time gets on Reg Rep forum to chat about a company he quit 8 yrs ago? You are a liar, a loser, a dreamer and once again ----a moron

[quote=jimmymac24]I think we all have gotten a little full of ourselves and are going to face a grim reality over the next several years. The good old days are over and are not coming back for a long long time. Lets face it. We benefitted from an economic boom that started in the early 90s and is clearly over now. We were way overpaid and things are gonna continue to change for the worse. Harry Dents new book the next great depression is an eye opener for me. We are in for a rude awakening. Half the guys on these posts will not be in the business in 5 years. We all benefitted from a boom that made us look a lot smarter than we really are.

I know what your getting at gohuskies but We are writing new history here.  Our govt is scrambling to figure out what to do and is lost really.  I hope things get better but realistically we had a great run and its gonna be a long time before we see better times.

My only point really is I think guys in our business are funny with how they think they are entitled to retention bonuses when we are in this economy. There are too many guys running advisory businesses that are underqualified and benefitted from the a boom economy. So many guys doing 300k who think they deserve retention. Its gonna be survival of the fittest and I feel 5 to 10 years from now the number of brokers will shrink drastically.

Its gonna be survival of the fittest and I feel 5 to 10 years from now the number of brokers will shrink drastically.

I agree with this and your previous post. Not because of Dent. He is a dumb ass, but we are still heading into an awful period. Most FA’s refuse to accept this. Its going to get a lot worse.

Danny did’nt create all this stuff.
Danny is the man
Danny is THE single biggest ally of independent brokers out there period.
so STFU u clueless losers.

the loser with the screen name dissing Danny…im betting ur whinning pu&^%$ that never did over 5.   some things never change

open ur MF eyes
Profit formula, FINET, The new monhly pay plan a few yars ago.
In Danny’s model the broker is the driver of the business.
WS leadership is BY FAR the neatest bunch of people ever in this business.

I root for them in all this BS

There will be some kind of retention for higher end producers. Companies will retain there best employees, even in hard times. They have to, it is the ONLY choice for them. Granted WFC stock being down 50% doesnt help the situation, and indicates there is something else coming in the financial sector but  that is an even more important time to retain your best employees. There is value in brokers why else would they be recruiting, and why would SB being offering 230%.