post time said 5:21, i see thats wrong. The check was for 90% of t-12 or you brought 90% of your t-12?

check was approx 90% of t12. They have changed the program since. I won’t get into that you can discuss with hiring mgr.

thanks for all your help, I really appreciate it. May have more ?'s later.

When negotiating with a bank (shhhhh) is it better to ask for an upfront check or a salary with a lower payout. 

Will they agree to a salary with a payout but over time and the revenue increases drop the salary.

Does anyone in the bank get a salary and revenue sharing?  I would think they keep your payout very low if you get a salary.

BAC sucks end of story. ask any wholesaler…they have reps quiting everday and they cant hire any reps that are worth a damm. Bankers are running the program. so unless you plan to refer cds to premier all day or cold call on home loans that you wont get paid a dime go somewhere else. Comp plan is worst I have ever seen and been in the biz 15 yrs

i have a buddy there doing about 350k. His premier is working out very good. I agree the payout sux but I gotta believe w/a 3year plan you could make it work there?

The sucky thing about doing 350k at BAC is your net is only $108,000!! The great thing baout it is you’re probably only working 30-35 hrs/wk

no, he's busting his balls, maybe 50 hrs a week.

big AUM about 60 mil

SCRIM WROTE...

if BAC program pays zero upfront why would they expect any of their advisors to put money into their program?

Thats why their program is the worst on the street. What you get up front for Cap D ..It takes them over 2 years to get. THATS WHY PEOPLE ARE LEAVING AND THEY CANT REPLACE WITH ANYONE WORTH A DAMN. The bankers that are calling the shots are making it very difficult to put thru trades other than their managed product.

STAY AWAY ...

whats cap d?

[quote=waterboy]

SCRIM WROTE...

if BAC program pays zero upfront why would they expect any of their advisors to put money into their program?

Thats why their program is the worst on the street. What you get up front for Cap D ..It takes them over 2 years to get. THATS WHY PEOPLE ARE LEAVING AND THEY CANT REPLACE WITH ANYONE WORTH A DAMN. The bankers that are calling the shots are making it very difficult to put thru trades other than their managed product.

STAY AWAY ...

[/quote]

Does SmithBarney, ML, UBS PAY managed money upfront?