[quote=Rugby]

[quote=Sellout21]Do you think ML advisors get another retention bonus if they are spun off from BAC in 12-24 months?   Aren’t the AGE and Prudential people all hoping to double and triple dip on the WFC deal? [/quote]

The guys who jumped from ML to UBS or went Indy are looking smart now.
[/quote]

Nah…us indy guys are all failures and idiots who couldn’t hack it.  We have our offices in our garages, basements, or in strip malls. (perception)

the real question for you indy guys is why on earth would you do business in your garage when you could sit on your couch in your underwear and do it there???

the real question for you indy guys is why on earth would you do business in your garage when you could sit on your couch in your underwear and do it there???

put all of the money in your wifes name.   

ist maritial property anyway.

puts up a road block for them to come get it

No, as Hyman began to explain, we indy guys do not have wives (nor offices, nor brains). We are all homosexual pedophiles…
 But seriously, I’m getting a real kick out of you big shots who work for failing/failed wirehouse firms still trying to act high and mighty. An accurate analogy is that you are standing on the stern rail of the Titanic, knee deep in freezing water, screaming insults at the “idiot losers” who are rowing away in the life boats. Keep it up, it’s hysterical!

[quote=Ferris Bueller]No a more accurate analogy is that you are in the first class section of US Airways flight 1549 watching all the coach passengers exit the plane directly into the freezing cold water, alone and by themselves. Then they deploy the life raft and you get in with your hot chocolate in hand.[/quote]

Interesting analogy.

I just want to reiterate again for the record that, for all the inter-channel rivalry, jibing, and sometimes outright bashing that has gone on here, I’m sad to see you wire guys having to put up with this crap.  It wasn’t of your doing, at least not from what I see.  It was greedy upper management and the I-bankers and mortgage traders that largely created this mess, and unfortunately you guys are suffering along with them.

If you ever decided you didn’t want to be part of that drama, but didn’t want the burden of ‘administering’ an indy practice, you have options.  If you can find a good indy OSJ and are willing to give him a decent override, you can operate pretty much as you have in the past. There are indy b/d’s out there with broad product portfolios and great technology.

Good luck.

I’ve no animus toward Merrill brokers.  But it’s a good question, as to why it’s a matter of fairness to pay them to sit in the same chair they would be sitting in anyhow?  If Merrill advisors aren’t willing to leave after all the scandal that’s touched that firm, why should anyone pretend that being taken over by BAC would be just the last straw?

I wonder if these bonuses will survive Congressional scrutiny.  Just because a guy brought in a million dollars to Merrill last year, means he should get a million dollar check to sit on his ass, and show up to work at the same place he would be otherwise?

It was greedy upper management and the I-bankers and mortgage traders that largely created this mess, and unfortunately you guys are suffering along with them.

what were the terms…if an FA had a T-12 of $500k+…how much did they get upfront? 25%-30%…what about back end