Churn 'em and burn 'em
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Sportsfreakbob:
Sounds like watercooler talk from SB guy's who already miss the "good old days" of belonging to Citi. I wouldn't worry about it.I heard the same thing about MS. There was a meeting of a group of SB guys with some MS regional Sales Managers. The MS managers were talking smack about how they were gonna come into the sb branches and teach the brokers how to generate commissions doing bond swaps and how great it was gonna be having that big distribution channel…
Sounds pretty scary if your plan is to be at SB for the next couple of years.
Conrad, you’ve pegged it pretty well. It’s more about production, no matter how you generate it, and suitability. MS management will ask you to take a look at those products and use them if they’re appropriate. No way are they trying to change the practice of successful FA’s.