Most cms are crap, and I am looking for a free lunch.

btw, the cms are going to go with what pays them, deposits and loans. Don't sugarcoat the obvious. Also, being silly and calling someone a dope are two different things. Lets not forget it's easier to convert deposits into investments than to move outside money. Why did you come to the bank??????

Referrals for deposits!!!!!!!!!............not to chase outside money.

I rest my case!

I disagree, converting deposits to investments makes no sense, the $$'s are earmarked for 2 totally different purposes (s-t liquidity vs cap appreciation). I find it easy to profile, poke holes in the brokerage acct and acat over. I do agree w/you though that credit is their #1 priority. Called you a dope cuz I feel like fighting today. Over/

scrim - "best for the client" isn't being mentioned on this thread because it is a given that we will all (not matter what the differing opinions on a firm) do what's best for  the client ... 

The continuous need for some reps to keep making a big deal out of it, in my opinion, is self serving and a bit pompous.  I don't think we should need to pat ouselves on the back for something that is a basic tenet of what we do.

[quote=scrim67]

The most troubling part of this thread seems to be the lack of mentioning doing what’s best for the client/customer.

It seems to be focusing on us vs them instead.

scrim

pompous generalization.

The problem with BAI is that its the red headed step child of the bank.  Its an evil neccesity and they will not invest in the brokerage.  Premier and other parts of the bank is whats important.  Look at the financials.  BAI represents $0 of the banks revenue and they lose money.  Look at the leadership.  How many managers and senior managers have you seen change in the last few years.  There is no stability it will never be a place where brokerage will even be a slight focus.  If you are stuck there due to a contract - Grin and Bear it!  If you are not stuck - now is the time to jump!  Up fronts are the highest they have ever been.  If you are an FA that is being recruited there - Don’t do it!  Ask the manager for a list of the FAs in the market so you can call who you want - not the names that the manager tells you to call.  No FA is happy and I would strongly recommed you stay away!!!

wait a minute…I thought it was more profitable for the bank to turn deposits (CDs, MMA) into investments? Are Premier bankers making some serious $$ since they;re running the show?

Brokers are leaving in droves in the Northeast but more importantly, management is also quitting.  MDs from N. Jersey and Philadelphia just quit.

yet - people are stupid enough to join.

desperate people. They’d be better off gambling and going indy. This place sucks!

Anyone thinking of joining bac - Just ask a wholesaler what they think.  The wholesalers are not even going to bac because of the compliance and lack of business.  STay Away.

nope - I think you’ve made your point - go spend some time building your busisness…

there sure are a lot of angry bac brokers around I dont think anyone there is happy with a ultra low payout and no bank support

If you have not yet - ITs time to make the move!!! Your book will move - your income will go up. Leave BAC!

Two more left today in the Atlanta market.

Wait until january when CFS is over and the people under 300 drop below 31

what is CFS?

short version: trailing 6 month x2 denotes your new grid.  Under $300k payout no longer has a floor.

What do you mean no floor. For example?? We haven’t heard anything new to the comp. plan as of yet. Usually happens in Dec.

It was a plan for former Q&R reps who did under 300k in 2005 - kept them stable thru 2006.