Bank of America story
45 RepliesJump to last post
btw, i just printed off a copy of the 2007 fa comp plan. you have to be a ny lawyer to understand it.
$,
u need to make decision, do the math…300k @ 33% x the 25% penalty = 75k…right?
if u can live on 75k put your head down and work your ash off, if not figure out how much of your book comes if u go indy. Multiply that by 90% back out your expenses and see what u net. BUT remember it is soooo much easier to raise money at a bank than an indy that u might be better off staying. my 2 cents.
bad move
its not 33% at 300k its 29% and then they are taking 25% in qtr 3 and 4
[quote=$$$$$]btw, i just printed off a copy of the 2007 fa comp plan. you have to be a ny lawyer to understand it.[/quote]
Yep when I was at UBS I always felt that was part of how they screwed you, by making the comp so damn complicated that after a while you got tired of trying to figure it out, just sucked it up and lived with it. I find the comp structure here at LPL to be much more streamlined.