Retention....please do not hijack
480 RepliesJump to last post
We “used to” get paid for all or most of the commish on Annuites at AGE…of course Mother Wachovia/Wells/whatever name we are this week will just keep taking more and more…how else can they pay 96 million in golden parachute $$ to the old execs…man I miss AGE…a company that was profitible yet treated employees and clients fairly too…ah the good ol days
I heard today retention will be out before Christmas. New name will Wells Fargo Advisors.
I heard today retention will be out before Christmas. New name will Wells Fargo Advisors.
It has to be, the deal is finalized on the 23rd. I tend to believe the prior post that we will know something by friday in terms of what they are going to do, or not do.
…nothing like waiting until the last minute…making their advisors feel warm and fuzzy…
I heard the 15th they’ll announce the name & package…
I think that makes sense because that is right after the license transfer places shut down for the year so, no one will be able to immediately bail out.
it almost has to be next week at the earliest. WFc just got the proposal this past Monday, so no way they moved on it that quickly.
apparently 4th or 5th revision of retention package is in WS hands. I wonder how bad the first version looked?
It only shuts down for mass transfers - not individuals. That date is Dec. 26th. See previous thread - FINRA-CRD
Are there any other small branches being told or being hinted at that they may need to go Finet or consolidate with other branches?
Retention info etc. will be out next week. Heard that from a Regional President.
PM me and I’ll tell you which region.
Found out that Danny and Carrol just gave WFc the proposal TODAY. They were orginally supposed to do it on Monday, but it did not happen. I would have to think it is 2 weeks minimum at this point. Fun times.
If you were the ones writing the check on the alleged retention, wouldn't you wait as long as you can to come out with one. Like maybe a couple quarters into next year??Found out that Danny and Carrol just gave WFc the proposal TODAY. They were orginally supposed to do it on Monday, but it did not happen. I would have to think it is 2 weeks minimum at this point. Fun times.
For some reason most fcs seem content to stick and wait. Why rush, especially with the Meredith Whitney forced capital raises on the horizon? Has anyone left lately, other than that Sylvia fellow in FLA? Legacy AGE guys?
It won’t matter what they are called, I think most Legacy AGE guys and girls still refer to themselves as AG Edwards when making calls. Something of an identity crisis I would say.
Beats Wachovia Securities...and yes, I too say AG Edwards. Clients might as well have one constant.Wells Fargo Advisors - There’s a shocker - How original
Beats Wachovia Securities...and yes, I too say AG Edwards. Clients might as well have one constant.[/quote] That constant being the bank? Why not drop the Merril name and call in Bank of America Advisors, or change JP Morgan to Chase Advisors, etc? I think there is some value in having a distinct name for the Investment arm of the biz. Just my 2 cents.[quote=Herman Munster]Wells Fargo Advisors - There’s a shocker - How original
The new name will NOT be AG Edwards, it was givien serious consideration, but the decision was made to let that name go by the way side. Retention will be different for each channel, ISG, PCG, Finet.