Take your AGE blankies to bed-or leave
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the firm indeed is terrible in it’s current form. it was much, much better before the age acquisition.
no one from age bothered to learn the new systems over the course of a year. now that the systems have moved and smartstation is overwhelming, you dominate the back office lines all day (and bitch all night on these threads.) for you, i'm sure it's better at stifel, rj...just like old times. please leave, you'll be happier and the firm may get functional again. i don't know any of you personally and i'm sure you're good people, but i've grown to loathe ag edwards.[quote=go_huskies]the firm indeed is terrible in it’s current form. it was much, much better before the age acquisition.
no one from age bothered to learn the new systems over the course of a year. now that the systems have moved and smartstation is overwhelming, you dominate the back office lines all day (and bitch all night on these threads.) for you, i'm sure it's better at stifel, rj...just like old times. please leave, you'll be happier and the firm may get functional again. i don't know any of you personally and i'm sure you're good people, but i've grown to loathe ag edwards.[/quote] At least the feeling is mutual.[quote=go_huskies]the firm indeed is terrible in it’s current form. it was much, much better before the age acquisition.
no one from age bothered to learn the new systems over the course of a year. now that the systems have moved and smartstation is overwhelming, you dominate the back office lines all day (and bitch all night on these threads.) for you, i'm sure it's better at stifel, rj...just like old times. please leave, you'll be happier and the firm may get functional again. i don't know any of you personally and i'm sure you're good people, but i've grown to loathe ag edwards.[/quote] You have the WS c*** so far up your ass your saying "Mmmmmm Salty....". This does not mean the rest of us feel the same way. The WS person who came to our office told us that the back office sucked sh*t before the merger, but we would get used to it. We don't want to get used to it. WS destroyed a good back office and a great firm. Stop blaming AGE for your issues, your firm sucked to begin with and it's mismanagement of the merger has led to your issue. Direct your anger to the source.Fifteen of us in our old legacy AGE office left and it was the best move ever for my group. Everyone scattered to SF, Hilliard Lyons and RJ. We all gave WS the benefit of the doubt at first but their talk became empty promises. WS had good intentions but it was evident they only knew how to grow through acquisitions and not much organically. So much for the “melding” of the best of both firms and making a new and much better firm. Just sound bites. It’s a shame, it really could have been a great firm. Good idea, horibble execution.
As to AGE infecting WS and causing it's sorry state -- flat out inaccurate. One truly does not know what working for that great firm was like unless you were there. We gave most everything and lost almost all. The money we made on our stock sale was worth exponentially less than staying independent. Our client-first attitude, modest fees, reputation, excellent home office service and home office space was trampled, downsized, outsourced, streamlined and squeezed until it was a shell of its former self. All the mojo was let out and all legacy AGE people have now are bittersweet memories.As an outsider (I never worked for Wachovia or AG Edwards) I will say that what AG Edwards once had was special and it seems to be lost. I help build our company, which is an independent, and I gave up calling on AG Edwards reps because they were happy and rarely saw a need to change. They were not getting screwed the way Merrill producers doing under $400 a year are, being thrown in the penalty box and the branch managers seemed to provide a certain level of independence to the producers. Their payouts were better than most firms and the employee satisfaction was much higher. I think AG Edwards would have exploded in size in this current environment if they had not merged with Wachovia.
I havent logged on this board in years. Back then - its was to EDJ vent. They look great compared to the cluster f*&^ ag legacy is going thru. Here’s what they did today. They sent client out statements showing the WFC convertion statements first. Then - midmonth a couple days later they sent the old AGE statements (On Wach letterhead) showing all zero balances on all the accounts. It actually showed the funds leaving from the AGE/Wach conversion. But bottom line what the clients are holding in their hand is a statement showing all values at zero.
We're clearing thru Madoff![quote=uptick2]I havent logged on this board in years. Back then - its was to EDJ vent. They look great compared to the cluster f*&^ ag legacy is going thru. Here’s what they did today. They sent client out statements showing the WFC convertion statements first. Then - midmonth a couple days later they sent the old AGE statements (On Wach letterhead) showing all zero balances on all the accounts. It actually showed the funds leaving from the AGE/Wach conversion. But bottom line what the clients are holding in their hand is a statement showing all values at zero.
We're clearing thru Madoff! [/quote] There are a small group of WB guys that are throwing stones. This past month because of what is displayed here is a real show stopper. WB management has no apology or has given any help. It is so big they have no idea what to do. The merger was and is over their head and the destroyed both WB and AGE. Very very sadIs being paid an upfront to move also considered a bonus? They mention retention and bonus but I havent heard about upfront?
[quote=uptick2]I havent logged on this board in years. Back then - its was to EDJ vent. They look great compared to the cluster f*&^ ag legacy is going thru. Here’s what they did today. They sent client out statements showing the WFC convertion statements first. Then - midmonth a couple days later they sent the old AGE statements (On Wach letterhead) showing all zero balances on all the accounts. It actually showed the funds leaving from the AGE/Wach conversion. But bottom line what the clients are holding in their hand is a statement showing all values at zero.
We're clearing thru Madoff! [/quote]LOL thats great! Looks like it may be possible to take more than 100% of my assets now to SF...Thanks WS you guys are very helpful in moving my accts!
[quote=Sam Houston]Oh no! I have been called a name by an interweb hero that couldn’t pass a 2nd grade grammar test. I may have to rethink my life now.[/quote]
simply one of the best posts i’ve read to date in these forums
[quote=kermit]
[quote=Sam Houston]Oh no! I have been called a name by an interweb hero that couldn’t pass a 2nd grade grammar test. I may have to rethink my life now.[/quote]
simply one of the best posts i’ve read to date in these forums
[/quote]
Except for the fact that they don’t have grammar tests in second grade.
[quote=nestegg]
[quote=uptick2]I havent logged on this board in years. Back then - its was to EDJ vent. They look great compared to the cluster f*&^ ag legacy is going thru. Here’s what they did today. They sent client out statements showing the WFC convertion statements first. Then - midmonth a couple days later they sent the old AGE statements (On Wach letterhead) showing all zero balances on all the accounts. It actually showed the funds leaving from the AGE/Wach conversion. But bottom line what the clients are holding in their hand is a statement showing all values at zero.
We're clearing thru Madoff! [/quote]LOL thats great! Looks like it may be possible to take more than 100% of my assets now to SF...Thanks WS you guys are very helpful in moving my accts!
[/quote]
He forgot to tell you the clients got five, yes five reminders that they would get 2 statements. This is a FINRA requirement, not something they wanted to do. Would have
been a good reason to reach out to clients during this market instead of whining on a message board!
And if you had bothered to read any of the information in the Pieces of the Pie that has been coming your way since, oh, OCTOBER, you (and your clients) would have been well prepared for the 2 statement eventuality. Quit whining, quit bitching, and get on with it. If you’re so miserable, then leave. Otherwise, DEAL WITH IT! The information was out there, you could have sent your clients a letter in early FEBRUARY, from YOU, that told them what was coming (aside from the five notifications they received without your involvement). A little personal responsibility is a good thing.
It would have been fine if they got two statements but at least 100 plus of my clients just got the one that said 0 and the activity section says transferred out, that’s the issue, not just two statements.
[quote=Redpen]It would have been fine if they got two statements but at least 100 plus of my clients just got the one that said 0 and the activity section says transferred out, that’s the issue, not just two statements.[/quote]
Well the Wachovia ones were sent a week before the AGE one. So i guess the USPS must have eaten them Or maybe your clients didn’t know what they got.
Or this joke of a company sent them to the wrong address, ran into that issue a number of times.[quote=Redpen]It would have been fine if they got two statements but at least 100 plus of my clients just got the one that said 0 and the activity section says transferred out, that’s the issue, not just two statements.[/quote]
Well the Wachovia ones were sent a week before the AGE one. So i guess the USPS must have eaten them Or maybe your clients didn’t know what they got.