Joining Banc of America Investments was the biggest mistake of my career!  They are all about the Premier Bankers and not the brokers.  You get no leads from the banking centers or the premier bankers.  It's obvious why so many recruited FAs are taking BAC to arbitration.  Stay Away!

Suck it up and make it work.  Hold your CM accountable.  You're in sales!  Stop whining that no one is feeding you and make your own future. When you got into this business did someone tell you that it was going to be easy?  Did you think that people were going to line up at your door to pay for your sage advice on asset allocation?  Sorry, the truth hurts.  Pick up the phone and call a stranger - ask the MD for lists of accounts that are held direct with fund companies that lazy, tired FAs never called to bring in house.  Ask the bank manager for a high balance list. Ask the CM for the RO report.  Stop blaming others and make it happen.

don't be a victim - the bank is full of them.

No Charge - go back to work.

thats great nofx! lets do that on a 31% payout at 31 % grid rate ohh let me corect myself 25% trailer grid(what u get paid on trails and fees at the 300k and over production level its 6 % less than normal grid ohh and how about the 10 % haircut on refs made from premier…real nice ohh what about the 3 max payout on annuites…great)…and thats if you have even production!! have one or 2 months bad in 6 and get paid 20 % on reg production and 15 on fee based. BAC takes your last six months x 2 to get your payout level. we used to have the whole year to hit 300 or 400 whatever but have a bad mth and your screwed. what a deal!!! and never mind that you will self source every bit of biz you get. dont let these guys sell u down the river. stay away!!! i just quit a week ago

There is an opportunity in the NE if BAC people in the Northeast had an interest, the I-93 stretch in MA to NH.

PM if you have an interest in a new independent office. Stock and cash possible.

exactly! I joined boa because of the opportunity - there is no opportunity! Stay away!

dito

I guess you are right.  You should quit. 

Incidentally, 3 reps in our 23 person office just had their best months ever in the business.  One a 5 year vet, two have over 10 years in the biz.

[quote=NOFX]

I guess you are right.  You should quit. 

Incidentally, 3 reps in our 23 person office just had their best months ever in the business.  One a 5 year vet, two have over 10 years in the biz.

[/quote]

Really!

What kind of numbers did they put up?

I know in my office 4 people did over 75k, one guy did over 125k. For the month.They work hard.

look here when they remove my post (Banc of America finds itself in a

deeper hole - Investment News)

[quote=badmove?]I know in my office 4 people did over 75k, one guy did over 125k. For the month.They work hard.[/quote]

Wow!  That’s a lot of annuities and B-shares!!!

all fee based, don’t be a stiff.

If one has a $100k gross/qtr in fee business. Why move?

they won't.

How much do these Client Manager/premier banker make if they’re running the show? 100k at least? I’ve heard from a buddy that their goals are super tough to hit and bonuses doesn’t count for much now.

I’m about done with this place. I hate to make another move but indy here I come. I hope my wife and kids will forgive.

The average CM makes about 60-70k

Btw who the h&ll are you nofx? A newly recruited FA to BOA no doubt. You’re sunk my firend.

Been here 5 years. former Q&R. And it would appear that you are the one who is sinking.  Who the ***k are you?

Does the avg CM make more than the avg Rep?

NOFX, coffee is for closers, put that coffee down.