Over/Under on S.Barney Walkouts

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Apr 5, 2007 4:36 pm

What do you think? I think that there will probably be 50 leavers.


A high number, only held back by the upcoming Tax day.


Memorial Day tops the 69 of Presidents day. 

Apr 5, 2007 7:01 pm

There you go again. Way too much time on your hands.

Apr 5, 2007 8:18 pm

I'll take SB over.

Apr 5, 2007 8:21 pm
Whomitmayconcer:

What do you think? I think that there will probably be 50 leavers.


A high number, only held back by the upcoming Tax day.


Memorial Day tops the 69 of Presidents day. 



What does "tax day" have to do with anything?

Apr 5, 2007 11:02 pm

I'll take the over for Memorial Day.

That's my personal favorite.  It's when I resigned.

Apr 6, 2007 12:15 am

What does "tax day" have to do with anything?


Tell me you are kidding...



Apr 9, 2007 5:56 pm

Robert HullK,


You're right, tax day shouldn't make a diff, but it's the sort of impediment to leaving that slows brokers.


I haven't seen any numbers anywhere. I will say though that this is probably the best time to have made a jump. Brokers are away with family for spring break and what not, you're likely to have the greatest head start over the last two weeks (some schools were off last week) and when the broker gets back from his Easter/Spring break, he's got his own clients to call... yours take a back burner.


OTOH, Wednesday looks to be the day of the axe at the house of te purple Dinosaur, so... Last Thursday looks like it might well have been dia primo. Then again... there's May 21st which is the day that the fee based advisory accounts need to be repapered...


Yup, if you are a Barney hopper, Thursday was your day!

Apr 9, 2007 6:04 pm

Robert WhomitmayconcerK, I'm a little slow. Is there a special reason that people are jumping or is it just their regular attrition?

Apr 11, 2007 2:17 pm

The special reason is, it's the lowest paying, most restrictive and most "under fire" of the major wire houses.


See the articles today about the axes falling and the offices closing and the costs being cutted and the centralization/cookie cutter mindset solidifying.


There will be less support, less deviation from the play book, norm.


Shearson used to be the place where we used to say "We have the most entrepenureal firm on the street." At Smith Barney, they used to be the wirehouse botique. At Salomon they used to be Salomon Brothers, that's right; THE Salomon Brothers. Now there is an employer/employee relationship there that just didn't used to be there.


I wish them all the best. They are free to pm me for a better idea!

Apr 11, 2007 2:38 pm
Whomitmayconcer:

The special reason is, it's the lowest paying, most restrictive and most "under fire" of the major wire houses.


See the articles today about the axes falling and the offices closing and the costs being cutted and the centralization/cookie cutter mindset solidifying.


There will be less support, less deviation from the play book, norm.


Shearson used to be the place where we used to say "We have the most entrepenureal firm on the street." At Smith Barney, they used to be the wirehouse botique. At Salomon they used to be Salomon Brothers, that's right; THE Salomon Brothers. Now there is an employer/employee relationship there that just didn't used to be there.


I wish them all the best. They are free to pm me for a better idea!



Interesting. I've been indy for 4 years and I'm just not involved in too many conversations about the other firms, these days.

Apr 11, 2007 3:58 pm
Bobby Hull:
Whomitmayconcer:

The special reason is, it's the lowest paying, most restrictive and most "under fire" of the major wire houses.


See the articles today about the axes falling and the offices closing and the costs being cutted and the centralization/cookie cutter mindset solidifying.


There will be less support, less deviation from the play book, norm.


Shearson used to be the place where we used to say "We have the most entrepenureal firm on the street." At Smith Barney, they used to be the wirehouse botique. At Salomon they used to be Salomon Brothers, that's right; THE Salomon Brothers. Now there is an employer/employee relationship there that just didn't used to be there.


I wish them all the best. They are free to pm me for a better idea!


Interesting. I've been indy for 4 years and I'm just not involved in too many conversations about the other firms, these days.



Then why are you involved with this one?

Apr 11, 2007 4:12 pm
joedabrkr:
Bobby Hull:
Whomitmayconcer:

The special reason is, it's the lowest paying, most restrictive and most "under fire" of the major wire houses.


See the articles today about the axes falling and the offices closing and the costs being cutted and the centralization/cookie cutter mindset solidifying.


There will be less support, less deviation from the play book, norm.


Shearson used to be the place where we used to say "We have the most entrepenureal firm on the street." At Smith Barney, they used to be the wirehouse botique. At Salomon they used to be Salomon Brothers, that's right; THE Salomon Brothers. Now there is an employer/employee relationship there that just didn't used to be there.


I wish them all the best. They are free to pm me for a better idea!



Interesting. I've been indy for 4 years and I'm just not involved in too many conversations about the other firms, these days.




Then why are you involved with this one?


It's just another one of the not many conversations, Joe. Just another one of the not many....

May 1, 2007 6:12 pm

Bringing this back to the top to see if there are guesses at the Memorial day weekend carnage!


I'm guessing an all time high with 3 digits (in the low 100's)


Just

May 1, 2007 6:39 pm

I have noticed lately in the 'Comings and Goings' section of some industry mags that there has been a noticeable increase in "left SB for.... (MS, ML, Wach, etc)."... It definately has something to do with the 1.5-2X trailing 12 deals that are out there right now...

May 1, 2007 6:39 pm
Whomitmayconcer:

Bringing this back to the top to see if there are guesses at the Memorial day weekend carnage!


I'm guessing an all time high with 3 digits (in the low 100's)


Just



I'll take 192.

May 1, 2007 9:27 pm
blarmston:

I have noticed lately in the 'Comings and Goings'
section of some industry mags that there has been a noticeable increase
in "left SB for.... (MS, ML, Wach, etc)."... It definately has
something to do with the 1.5-2X trailing 12 deals that are out there
right now...





It's just a hop and skip to Indy land. After a while you see no reason
to keep supporting layers of corporate stuff that doesn't do anything
for you and for being on a constant treadmill.