Anyone ever quit ML POA?

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Jun 3, 2007 9:41 pm

I'm about to leave, not concerned about training costs.  Curious if anyone has ever left ML in the POA program?  Did you give notice, or is that irrelevant?   Seems like it would not really make sense to me, no need to stick around, just want to make sure I do it professionally.


Thoughts?

Jun 3, 2007 10:19 pm

I know of people who went from Home Office employees to POA, and then came back to the home office a few months later.  I don't know of anyone who joined as a POA and left as a POA. 


Did you get registered?  You might have an obligation to repay a substantial amount for your training.  Do you have another Firm lined up?  Be prepared for them to ask why you left ML. 


Give notice.  It may not be required, but you want to do this professionally and responsibly.  Good luck.

Jun 3, 2007 10:21 pm

"Notice" isn't the right word since they'll can you immediately.  Just be professional.  Meet with the appropriate person.  Thank them for the opportunity.  Tell them what a great experience that you had.  etc. etc. 

Jun 3, 2007 10:42 pm

I've known a few people who quit when pushed to do so.  The bosses were great about helping them land another job somewhere in the industry.  I know one POA who was warned that if he was actively looking at another wirehouse while saying he wanted to stay at ML they would "throw the book at him."


If you are leaving the industry you should be fine.  If you want to stay in or ever return do it the right way.

Jun 3, 2007 10:55 pm
anonymous:

"Notice" isn't the right word since they'll can you immediately.  Just be professional.  Meet with the appropriate person.  Thank them for the opportunity.  Tell them what a great experience that you had.  etc. etc. 


This is actually what I was curious about.  I've been in the industry for many years, just not as an FA & come to find out being an FA @ a wirehouse isn't really for me.  I thought they would basically escort me out immediately.  Just wondering if that was true. 

Jun 4, 2007 12:10 am

riff, ignore my post.  I'm assuming that I'm correct, but I'm really just making an educated guess.

Jun 4, 2007 7:08 am

It depends on the manager.  When we have someone who quits
professionally or is terminated due to not meeting hurdles, we allow
them to stay in the office for a few weeks as a home base to get there
next job lined up, close out the relationships that were pending,
generally wrap things up.  If they go to a competitor, which is
what they usually do, they let us know the day they accept the job and
they leave that day (registrations are transferred).

Jun 4, 2007 8:53 am

Give notice.  Look good on the way out.

Jun 4, 2007 10:59 am

Rightway,


That is the most professional tactic for exiting employees I think I have ever heard of.  I can attest that if you leave ML in the correct manner, POA or not, you will be treated fine.  If you are a jerk or make an a$$ of yourself, then don't be surprised to be treated as such.


I have never and will never bash ML.