Switching Firms

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May 20, 2005 12:27 pm

Any ideas on bonuses going from MSDW to SSB...trailing 225k

May 20, 2005 1:48 pm

 Why not go INDY? Life is nice here!

May 20, 2005 2:25 pm

thanks but no thanks

May 23, 2005 9:34 pm

Rule of thumb seems to be 100% - 150% of trailing 12.

May 24, 2005 9:15 am
cracker:

Rule of thumb seems to be 100% - 150% of trailing 12.


I could be wrong, but while wirehouse deals are certainly up in that range I doubt you'd get that high on T12 of only $225k.

May 24, 2005 10:18 am

what do you think is more accurate with my trail?

May 24, 2005 10:35 am

Why are you considering leaving MSDW?  Just curious, because I will be starting with them in next week. 

May 24, 2005 11:07 am

beach...are you a rookie?

May 24, 2005 12:00 pm

Not even.  I just had my 2nd interview the other day and was told I would find out within the week if I will be starting. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

May 24, 2005 3:49 pm

all the news out there

May 25, 2005 7:24 am

I wouldn't suggest going anywhere with only $225k in production. 
I think those with lower production and less-established client
relationships (in years) are more likely to lose clients in a
move.  Big producers will take almost all.  Smaller producers
usually don't do as well.



I'd wait to hit 350k - $400k, then move. 



Just my opinion. 


May 25, 2005 9:26 am

I hear what you are saying, but I have a few dynamics at work...


1) places are hot to steal MSDW brokers right now.


2) only 3 years in production


3) clients are spoken to at least weekly


4) very top heavy with clients (a few realtionships are my book) and therefore i will know before i switch who will come.  if not enough, i will stay

May 25, 2005 9:58 am

General question...if anyone was in a similar situation like mine, who else would you look at in addition to SSB?

May 25, 2005 11:31 pm

The usuals, alsoo compare ML and UBS, see where you fit and who has the best deal!

May 26, 2005 12:05 am
frumhere:

I hear what you are saying, but I have a few dynamics at work...


1) places are hot to steal MSDW brokers right now.


2) only 3 years in production


3) clients are spoken to at least weekly


4) very top heavy with clients (a few realtionships are my book) and
therefore i will know before i switch who will come.  if not
enough, i will stay





It's good to stay in touch with them, but if you're calling weekly
you're 'spoiling' them, and creating a book of business that will be
very difficult to expand beyond a certain point.....in my opinion...

May 26, 2005 10:37 am

not each of my clients.  i am top heavy.  the relationship with 15mm and the relationship with 6mm i speak to all the time. 

May 28, 2005 3:40 pm

How many years are you in the business?


My experience has shown that anything under $250 will not garner much interest.

May 31, 2005 8:56 am

I started 12/01.

Jun 8, 2005 8:01 pm

I was in your boat last year. Moved to UBS. Got 75% of training 12

upfront 25% if I hit certain golas the next two years. Transition went

smooth.

Jun 8, 2005 11:19 pm

Is the 15mm relationship your in-laws?