You are right, I don't believe it.

You sound like one of those used car sales man…way too hungary to make a sale…but taking profit on a very difficult situation.   I have not had ONE acat out and I am LEGACY AGE!!!   Kool-aide and all… we have encountered people like you in the past and all I will offer you is nothing. You are wasting your time on our watch. Beware…we will take those relationships from you when you fail and you will.   What you got!

PM me your e-mail GG, big-boy, and I’ll shoot you copies of a few things I’m using…It ain’t a smear, it’s the truth that WB is trying to suppress, big-boy.

Dude, you sound like Oliver Stone. Truth is, I don't think anyone at Wachovia knows what the truth is. They are out of the loop it appears.

Really, WB isn’t insolvent? The fate of WS isn’t completely uncertain? The AGE/WB deal isn’t even completely finalized, and WB hasn’t been sold already (twice, in principal)? You’re the one with an Oliver Stone screen name and and insolvent employer. How about that e-mail address?

[quote=YHWY] PM me your e-mail GG, big-boy, and I’ll shoot you copies of a few things I’m using…It ain’t a smear, it’s the truth that WB is trying to suppress, big-boy.

[/quote]



You need to get in touch with your compliance dept. if you even have one…Rinky dink little shop you must have… Are you also telling AGE/WB clients how proud you are of your lack of leadership as a creep on the street lerking and feeding off very frightened clients???   Nice to know people like you are STILL are around. Love to see your U4. Must be riddled with bullet holes.

It’s LPL, tough guy. My advertising material is 100% compliance approved, because it’s TRUE. And you need to take a long, hard look at your firm if you think I’M scaring AGE/WB clients. WB is doing a fine job of that by itself, I’m simply confirming the ugly truth. 

That was a good point about the Oliver Stone comment, dude! I didn’t even pick up on that at first.

[quote=YHWY] PM me your e-mail GG, big-boy, and I’ll shoot you copies of a few things I’m using…It ain’t a smear, it’s the truth that WB is trying to suppress, big-boy.[/quote] Again, by the way, how old are you? You sound like my high school son – so I will need have him translate this communication. And you have a client???

ummm I have been at AGE for 8 years and we ALWAYS have to pay for Ins and State licenses, among other things…so not much different on that front…branch/firm covers very little.

It’s LPL, tough guy. My advertising material is 100% compliance approved, because it’s TRUE. And you need to take a long, hard look at your firm if you think I’M scaring AGE/WB clients. WB is doing a fine job of that by itself, I’m simply confirming the ugly truth. 

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Here are facts.... If this YHWY was for real - he wouldn't be constantly prospecting.. He'd be managing his book.  Next if was successful, he'd realize that no high net worth individual cares one bit about hearing what's wrong with the other firm or the other guy; only what you can or your firm can do for them. 

And when you represent Joe Jones Financial or some unknown independent name working out of the basement of your mom's house, you better get a 90% payout because you'll need it!

In "You win some you lose some" Registered Rep Jan 1 2008, the article states the average independent production is $126,527 per year.  Average production per wirehouse broker is $600,000 - $700,000 depending on the firm.  I'd say mean production would have to be around $450,000 depending on the firm. 

This market is miserable and I don't think I'm alone in being happy with having the backup of a very big, very well known firm.  Wachovia had issue but who didn't.  Now apparently we're the second largest brokerage and the either the largest or second largest bank in the nation.  Now, it doesn't make or break me but I do feel it certainly helps.  My question when competing with a smaller independent is why aren't they working for a real firm if they're any good?  And, no offense, but that question does seem to work.

Right wrong or indifferent it's my feeling that people buy a BMW from a big BMW dealership, not the car lot on the corner.  They both have cars but the dealer has prestige, capability, a large variety of resources, and you know they'll most likely be there next month is something goes wrong.  And in our business flying first class or coach costs exactly the same thing - so why take the chance?     

My opinion on retention is that given the situation across the street with the retention offer, I think Wells' offer will be better.  Upfront bonuses are 125% or more to hire a broker from the competition so why wouldn't they throw down 50% or more to secure a continued long term relationship with proven producers.  Work your book instead of prospecting as the saying goes. 

But they need to say something - anything in regard to when this information will be released.

 In the absence of any communication whatsoever, all you'll have are the recruiters spreading rumors and lies to scare the hell out of top producers.  The current tagline is something like "If they even cared one bit for you or wanted you to stay they would have said something... YOU"RE GETTING NOTHING! THEY WANT YOU TO GO!  And you better go before everyone wants to go at the same time - then you’re really in trouble!  I understand AHE and WB brokers have all had enough and they are starting to move and move big..."  You get the idea.  And these people call constantly.

So, WB didn't have to kick the payout up as much as they did – but they did; one of the highest on the street.  Hopefully they'll announce something, anything, on the retention issue soon.  It's a tough environment and a little clarity would help.

No retention package news now until December??? 

i was at AGE for years, never paid for my state licenses.  Is WS making all brokers pay for their licenses now?

[quote=mnbondguy]i was at AGE for years, never paid for my state licenses.  Is WS making all brokers pay for their licenses now?

Wachovia Securities brokers pay for states where they do less them $1000 in commissions/trails. Doesn’t make much sense to have a FA doing $400.00 in Texas and firm paying $250 fee. LOL!

[quote=nestegg]

[quote=mnbondguy]i was at AGE for years, never paid for my state licenses.  Is WS making all brokers pay for their licenses now?

[quote=Hydeho]

[quote=nestegg]

[quote=mnbondguy]i was at AGE for years, never paid for my state licenses.  Is WS making all brokers pay for their licenses now?

[quote=nestegg] [quote=mnbondguy]i was at AGE for years, never paid for my state licenses.  Is WS making all brokers pay for their licenses now?

[quote=nestegg] ummm I have been at AGE for 8 years and we ALWAYS have to pay for Ins and State licenses, among other things…so not much different on that front…branch/firm covers very little.

[/quote]



I understand that this is a branch manager call and I apparently had a very thoughtful one…now not so much.