AGE's Offer
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When we know it tomorrow, I'll expect you to vanish from this forum with your tail between your legs.
Baller...I did not slither away...just too proud to comment to your already appearing frustration/anger....don't worry tommorrow's announcement is only details on when they are going to present you with a retention package, which as I said earlier will disappoint....the last stage of the process for all the AGE FC's is complacency...as I stated earlier it goes like this......
Excitement...Uncertainty...Frustration...Anger...Complacency ...
It is predestined who will leave and who will stay regardless of the size of the retention pkg....Wachovia didn't come up with this plan yesterday...the day that AGE adopted the current technology platform...Thompson/Beta was the day that that die was cast....They learned their technology back office mistake with the PRU merger...
Baller....Good Luck and keep selling the American Funds...if things don't go well you can transition your "customers" to H&R Block....
OMICO, It is your contention that tomorrow’s announcement will not contain any numbers? This has been my worst case scenario for this. It is further your contention that the package is, in fact complete and has been for a considerable amount of time, but that they intend to hold it out from us for psychological reasons? That is a bunch of info to imply. Is this based on having heard anything from anyone involved in this deal, or just speculation based on, for example, WB’s “merger” with Pru??
Bottom line folks.
You either control your destiny or you don't. If you take the big bucks, you are beholden. You may own your book, but someone else is controlling it.
Finet, Raymond James or LPL are all worthy. Maybe there is an incentive to stay at Finet.
foot, you’re 100% right, of course. BUT…It’s not going to stop those who share my character flaws from trying to get answers before they’re publicly available, no matter how painful that search turns out to be (it’s plenty painful, believe me, look what we’re willing to endure). Good luck to you, in any case!
[quote=Broker010]foot, you're 100% right, of course. BUT...It's not going to stop those who share my character flaws from trying to get answers before they're publicly available, no matter how painful that search turns out to be (it's plenty painful, believe me, look what we're willing to endure). Good luck to you, in any case! [/quote]
Just under 17 hours and you'll know all the details. You might not like them or think that they are "fair" but at least the initial wait will be over. Good Luck!
That’s it, shredder, it matters a lot less what the info actually is, than the fact that we don’t have the information. At least for someone like me. I’ve never participated in a chat or forum of any kind before this and, after tomorrow, I never will again. Good luck to all!
[quote=OMICO]
Baller…I did not slither away…just too proud to
comment to your already appearing frustration/anger…don’t worry
tommorrow’s announcement is only details on when they are going to
present you with a retention package, which as I said earlier will
disappoint…the last stage of the process for all the AGE FC’s is
complacency…as I stated earlier it goes like this…
Excitement…Uncertainty…Frustration…Anger…Complacency …
It is predestined who will leave and who will stay regardless of the size
of the retention pkg…Wachovia didn’t come up with this plan
yesterday…the day that AGE adopted the current technology
platform…Thompson/Beta was the day that that die was cast…They
learned their technology back office mistake with the PRU merger…
Baller…Good Luck and keep selling the American Funds…if things
don’t go well you can transition your “customers” to H&R Block…
[/quote]
You’re not the first person here that’s tried to stir the pot with some
ridiculous claims. We’re not buying it for one second. Packages are
coming tomorrow and you will be exposed as a know nothing fraud.
You may have some others here fooled, but you’re nothing but a troll.
[quote=Broker010]That’s it, shredder, it matters a lot less what the info actually is, than the fact that we don’t have the information. At least for someone like me. I’ve never participated in a chat or forum of any kind before this and, after tomorrow, I never will again. Good luck to all!
[/quote]
Yup the waiting and no info is teh killer…cant make any decisons without knwoing what our futures will hold…10:45 am we shall see…
10:45??? I missed that bit. Had outside appt. this afternoon. Is that official??? Did they announce the format (e-mail, paper, conference call…)?? Thanks.
Email at 430 this afternoon from Deitrich said We have a conf call at 10 45 am tomorrow w Bagby, Danny and another guy from WB to announce the deal, and then the info will be on teh system after teh call.
[quote=OMICO]
Baller...I did not slither away...just too proud to comment to your already appearing frustration/anger....don't worry tommorrow's announcement is only details on when they are going to present you with a retention package, which as I said earlier will disappoint....the last stage of the process for all the AGE FC's is complacency...as I stated earlier it goes like this......
Excitement...Uncertainty...Frustration...Anger...Complacency ...
It is predestined who will leave and who will stay regardless of the size of the retention pkg....Wachovia didn't come up with this plan yesterday...the day that AGE adopted the current technology platform...Thompson/Beta was the day that that die was cast....They learned their technology back office mistake with the PRU merger...
Baller....Good Luck and keep selling the American Funds...if things don't go well you can transition your "customers" to H&R Block....
[/quote]
Ok folks, time to meet OMICO. OMICO is an ex prudential securities broker that survived the last Wachovia takeover. Back then Prudential was losing money and the brokers there were a compliance nightmare. Wachovia scooped them up for very little money and then absolutely raped the surviving brokers. They were new at taking over brokerage firms and dragged it out for a long time. OMICO is a bitter man, jealous that this time the compensation pool is large. He's upset that at most he took home was 30% of his T12 for a 6 year deal of which he has several years to go. OMICO created his account here so that he could cause AGE reps some heartburn.
How sad that people like him exist, but the reality is that he will slip back into the shadows very soon.
AGE Reps: Have a drink, relax with the family, and sleep well. Tomorrow will tell tell a different story than the one this ass clown is suggesting.
Ferris, Pru brokers did get the short-end in that deal, whomever OMICO is, and I don’t doubt your assertion. However, for better or worse, we ain’t Pru and this ain’t '02. Roger Wilco on the drink and family. We’ll see about sleep, but come 11:00 am tomorrow, I’ll feel infinitely better, even if the news sucks. Thanks and good luck!
That is it…10:45 AM EST. Manager call first at 9 AM to tell of their secret additional bonus. 10:45 for the branch. EVERY broker in our office got an announcement even slackers. I am on west coast Florida and my mgr doen’t even manage and he/she will get one. That is was has everyone here upset. RJ looks like our mold. Won’t have $tkt charge billed to us. Won’t have 20% payout on first 120M (if you are a 360 crest clubber, you work for 1/3 at 20% or thu April of each year at 20% …(billed monthly but as actuality), expense acct, good payouts and ???. I may drive tomorrow AM and look at HQ
At least now we know when this phase ends. PERHAPS, the new deal will amend WB Fin.'s current payout schedule, OR, if not, perhaps they’ll pay enough retention money to offset that for most of the (assumedly) 6 years without gutting the rest of our culture. If not, the indy channel is very appealing (I’m in SW FL and, RJ is on the top of my indy list for name recognition, in their indy channel, I’m not too worried about their potential takeover). Never met an indy who didn’t LOVE IT. Either way, the much-craved info should be ours in about 13 hours. Good luck to all!
Gadoggie continually keeps referring to the “Secret additional bonus” to
BMs. It isn’t such a secret, as I have repeatedly stated that I know of a BM
who definitively is being offered big $$$ based on all his big producers
he can convince to sign on the dotted line.
WB/AGE = not stupid. They damn well know that some entire AGE offices
are looking to jump ship to Raymond, LPL and Merrill to name a few.
Think about it, shopping around an office of $1M AGE producers is going
to fetch a pretty some from, say, ML.
The only thing left to be released is the exact terms of the contact and
when they need to be signed or forfeited by.
Good luck all! Look t the bright side, AGE has to give you at least 30 days
to sign or not, and in that time, you can interview with every indy and
wire in town to create your own best future.
AGE/WB realize what a weak position they are in, and they are willing to
PAY for lazy middle-aged brokers. They are in a for a wake up call of
extreme proportions. Everything in these contracts is going to be
deisgned around making AGE brokers captive if you take it. Just realize
you are also making yourself an endangered species.
Gadoggie continually keeps referring to the “Secret additional bonus” to
BMs. It isn’t such a secret, as I have repeatedly stated that I know of a BM
who definitively is being offered big $$$ based on all his big producers
he can convince to sign on the dotted line.
WB/AGE = not stupid. They damn well know that some entire AGE offices
are looking to jump ship to Raymond, LPL and Merrill to name a few.
Think about it, A BM SHOPPING AROUND HIS WHOLE FUC’IN OFFICE of
$1M AGE producers is going to fetch a pretty sum from, say, ML.
The only thing left to be released is the exact terms of the contract and
when they need to be signed or forfeited by.
Good luck all! Look t the bright side, AGE has to give you at least 30 days
to sign or not, and in that time, you can interview with every indy and
wire in town to create your own best future.
AGE/WB realize what a weak position they are in, and they are willing to
PAY for lazy middle-aged brokers. They are in for a wake up call of
extreme proportions. Everything in these contracts is going to be
designed around making AGE brokers captive if you take it. Just realize
you are also making yourself an endangered species.