Key Bank Investment Services

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May 23, 2006 7:55 pm

Anyone know anything about them? They are the brokerage arm of KeyCorp I guess.  I am interviewing with them next week. Just trying to get some information on them.


I have been out of the business for about 2 1/2 years and looking to return. I was a bank rep for a small community bank and was pretty good at it. Did about 600K in production from 8 branches. I think my Series 7 is still good and my U4 is spotless.


Any info would be appreciated.


May 23, 2006 7:59 pm

If you have been out of the business for 2.5 yrs and during that time your S7 wasn't being held with a BD you'll have to take the test again. The S7 can remain idle for 2yrs.



May 23, 2006 8:03 pm

I thought it was 3. Guess I will have to take that thing again.


Been quite a few years since I tested!! LOL I took the 7 in 1995 I think

May 23, 2006 9:40 pm

Nope it's two yrs - sorry for the bad news

May 24, 2006 9:20 am

Key is hit and miss.  Some pockets of the country have great culture, while others have a very difficult time retaining talent as a result of poor leadership.  Pretty standard as far as regional banks are concerned.

May 25, 2006 12:23 am

Ewwww. Keybank. Ewwww.


Ok, that's a cheap shot. The brokerage firm they acquired a number of years ago, McDonald & Co., was a decent firm with a number of very good people but some questionable management. Key managed to screw it up but good. Typical bankish bureaucratic decision-making process. Add to that a hidebound, 'homegrown is the only way to advance' culture. You end up with a second-rate, perennial takeover candidate bank.


And no, I never worked there. Ewww.

May 25, 2006 7:06 am
OldDog:

The brokerage firm they acquired a number of years ago, McDonald & Co., was a decent firm with a number of very good people but some questionable management. Key managed to screw it up but good. Typical bankish bureaucratic decision-making process. Add to that a hidebound, 'homegrown is the only way to advance' culture. You end up with a second-rate, perennial takeover candidate bank.



What he said.  I happen to have some familiarity with the acquisition of McDonald and a bit of insight into the management issues there.


I think weak management rather than questionable management is a way to summarize it.


Plus they suffered because very few top notch Wall Street types had any desire to locate to Cleveland for the compensation being offered.


Banks traditionally screw up the brokerage firms they acquire because of the huge differences in culture.


That seems to be changing some.  Wachovia's acquisitions seem to be far more smooth than earlier bank eats brokerage firm deals.

Sep 20, 2015 10:43 pm

good uk bag at www.careerbliss.co.uk