I dont do a ton of business yet but I am in the top 1/3 of the brokers at WFA.  This is not going to be good for me so it cant be good for atleast 2/3 of the brokers at WFA.  It not like WFA keeps the money.  It goes directly to the IRS.  I dont know why they ould do this?  The only thing I can think about is that they are trying to withhold the smaller guys that are hanging on by a thread to just leave.

Anyone had their managers meeting for forefront?

[quote=FWFA]

I dont do a ton of business yet but I am in the top 1/3 of the brokers at WFA.  This is not going to be good for me so it cant be good for atleast 2/3 of the brokers at WFA.  It not like WFA keeps the money.  It goes directly to the IRS.  I dont know why they ould do this?  The only thing I can think about is that they are trying to withhold the smaller guys that are hanging on by a thread to just leave.

The branch manager is supposed to have something on his computer telling him where one stands as far as Envision is concerned. This was to be available to them in mid-to late-November. As it always seems to be, this tool is not yet available. I have decided that this “award” is little more than indentured servitude. If offered, I am not going to accept this “award”. I don’t want to be beholden to them for another 10 years. If they want to give me something, then  it is mine. And, it will not carry any 'claw back provisions".  In my view, the management is somewhere between being dishonest to being incompetent.   

POR Verification tool to be released to RS week of December 7th. 

Just curious to know the amount of reward for September Snapshot each of you are expecting. I wonder wfa are paying smaller payments vs the large ones. Me about 180

As far as I can tell 1000 plus. I'll let you know next week how much the Sept Snapshot shows.  I should easily clear my max award so unless they are screwing with me I should qualify for the whole thing. I just have to say, the way management handled this is so amateurish I won't be surprised at anything. Well's could have really made a positive first impression on former AGE brokers by treating us professionally, but instead they destroyed what ever was left of our firms esprit de crop. At this point they would be better off selling us to someone who knows how to run a brokerage firm, paying off TARP and profiting from their rock bottom purchase price. Otherwise, I expect a steady drain of top FA's over the next few years and a mediocre firm at best in 3 to 5 years. It’s embarrassing how few of this firms top FA's receive industry recognition. Obviously, firms like M. Stanley and Merrill understand what it takes to support top Fa's and keep them happy.  I wish we had been acquired by a bank that wants to be in the brokerage business.     

Anyone had their sep snapshot manager review? I thought they would have the tools this week

Finet is a 1099. They are not employees. Might be a good option for a lot of people.

WFC 25 billion offering coming!!  Should be some nice $$$ for Forefront now.

[quote=fritz]

WFC 25 billion offering coming!!  Should be some nice $$$ for Forefront now.

Just because WFC is paying of its TARP obligations by selling stock doesn’t mean anything. 

Completed manager review today and submitted to rp for review jan 4

Go to grad school. The get a real job when economy gets better. or med school

Thanks. But I find this field interesting.

Unless u got wealthy family I wouldn’t recommend it

Thanks for your feedback Shania, Quagmire and Skbroker. 

You’re right.  Rogers is frequently wrong as is everyone in this business – especially me.