Smith Barney vs. UBS

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May 25, 2005 8:24 am

I have offers from Smith Barney and <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />UBS.  I am trying to find a third party, non-biased comparison between them and better yet a comparison of all their competitors.  I am looking for a comparison on services, broker opinions, etc.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 


There has to a website or article with this information.  Can anyone help me with this question?


 


Also, based on my two offers, which company would be the best choice?


May 25, 2005 8:48 am

On face value SSB is what I would go with.

May 25, 2005 2:46 pm
rightway:

On face value SSB is what I would go with.


Agreed, a lay-up imho...

May 25, 2005 5:41 pm

No doubt, SSB is the better firm at face value.


However, very closely consider the dynamics of the particular branch. Where are you most proud to bring a client? Get to know the other brokers in the branch.....who do you want to go on a golf outing with, have over for dinner? Are the other brokers "A" players, whom you can learn from? Have you put together a marketing plan and showed it to the branch manager to ask what resources are available to help you execute your marketing plan?


I am in the process of choosing a firm and these are the things I have been thinking about.....hope it helps.

May 25, 2005 5:50 pm

Also keep in mind the specific office demographics. How many fossils are snoozing in the corner offices? Their books will be inherited soon...and then they can post ad infinitum on message boards during their sunset years.

May 26, 2005 12:44 pm
About inheriting the fossils
books....how does this usually occur? I mean, assuming they don't have
a FA working under them on their team.  Do the managers decide
where those assets go?  Do they generally give them to younger
FA's so the client isnt getting shifted around every 5 years when
someone retires? Does the new FA have to 'buy out' the retiree?  
 
May 26, 2005 1:49 pm
Scorpio:
About inheriting the fossils books....how does this usually occur? I mean, assuming they don't have a FA working under them on their team.  Do the managers decide where those assets go?  Do they generally give them to younger FA's so the client isnt getting shifted around every 5 years when someone retires? Does the new FA have to 'buy out' the retiree?    

I can't speak about policies at every firm, but I know at least a couple of wirehouses will allow brokers to make arrangements to "buy" a retiring borker's book.

May 27, 2005 7:50 am

at least talk to the branch manager @ UBS....nothing to lose, right?