<span =“bold”>AGE_Inside_Info



Dude:  Why do you keep repeating your posts twice?

Too much beer, I guess. Sorry.

[quote=AGE_Inside_Info] Everything in these contracts is going to be

designed around making AGE brokers captive if you take it.[/quote]



You are dead wrong about this part. I have heard from several sources that

the contract will allow the FC to break it during any time and all monies

collected will be prorated upon return.

Alright, countdown to go-time! We’re already begining to separate the wheat from the chaff. Gadoggie: No manager conference call at 9:00 am, at least in my office. One rumor down…

Okay, 9:00 am Regional Managers, 10:00am Branch managers, 10:45 Rest of the Rabble.

NEWS!!!!!!!!!!!!!!!!

We were just told that they are going to sh*tcan the WB brokers and turn their assets over to the AGE brokers.

one hr to go!!!        Good luck to all.   Lets see if Bagby still has a

little mojo left to take care of his brokers!    

unlikely

benjamin: Mr. Edwards, is that you??

ben Edwards is still in his bathroom puking his guts out!!! I heard when

the news broke he took a baseball bat to 10 china cabs!    HA

Aw, c’mon, this firm was just his birthrite and life’s work. I’m sure he’s happy that Bagby will make about $30 mil.

in defense to Bagby he made alot of people some MEGA $ on this deal. IT

SUCKS but you and I would have done the same thing if we had the board

breathing down our necks to cash out while the food was hot in the

kitchen!



I just hope WB is “a good fit” like we have heard 100x’s and not just

smoke and mirrors.



We will find the first piece out in a few mins.



good luck y’all

If a CEO’s job is to grow share price (which it is), Bob’s a stud. I was thinking strictly in terms of Ben’ perspective.

broker010 I agree. hard pill to tkake for Ben and the Edwards’

Family…but the cabage they just made will help the pills go down over

time

Ain’t it funny how money tends to do just that? Speaking of which…tick, toc. Good luck all!

this is good, you should be happy with this.

For those of us on the outside, how did the retention package break down?

Here it is: 2-teired package, one sum available up front, the second paid if we're with the firm on the 5th anniversary of the deal consumation:

 Based on FY 2007 gross:

$1mm +: 70% in phase 1, 30% phase 2

$799-$999k: 65% & 25%

$500-$749k: 60% & 20%

$400-$499k: 50% & 20%

$300-$399k: 40% & 20&

$200-$299k: 20% & 20%

$100-$199k: 20% & 0

Under 100, based on "time of service

There are more details, but this is the gist.

 Good luck, all! Over and OUT.

Broker 010, and others:

What's your honest opinion, for below $400,000 FC's.

Will you stay or look for alternatives?

Doesn't look like a good deal for below 300,000.

Your thoughts since you have been so active here.

Downunder - IMO even reps doing $500k-$750k could get a better deal either at another wirehouse or if they started their own practice.  60% + 20% over 5 years is nice, but not as much as they could get elsewhere considering the change they are going to go through.  What is that, 12% a year over 5 years?  If they went independent and netted anywhere between 55%-65% they would be better off because of the tax advantages to owning their own business and the fact that they own their book at the end of the day.  Wachovia will own their clients just like any other wirehouse would.

I would hope that the A.G. Edwards reps continue to explore the other options available to them that they have earned by building their own business.