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Dec 15, 2008 5:22 pm

haha, if you own a business then get lost and go work, why are you hanging out at a financial services forum? is your business in the financial services industry?

Dec 15, 2008 5:40 pm

[quote=airisthere]haha, if you own a business then get lost and go work, why are you hanging out at a financial services forum? is your business in the financial services industry?[/quote]

Before you laugh, let me remind you that you are the one who failed out of this business and tried to make it in real estate, at the top of that market. You are the one who had to consider bankruptcy after a foreclosure. I apologize for triggering your low self-worth issues, but I did not cause them.

Dec 15, 2008 5:49 pm

im laughing because you presume way too much about me. you talk about me like you know me. how do  you know anything about me to say the things you just said. i was in real estate but didnt fail, i didnt make what i thought of course but there are no low self worth issues with me, but you have made it obvious that there is with you considering that you hang out in chat forums being an asshole. i came on here for info from people in the industry who can give info on companies and payouts that i couldnt necessarily get from an interview.

Dec 15, 2008 6:00 pm

[quote=airisthere]im laughing because you presume way too much about me. you talk about me like you know me. how do  you know anything about me to say the things you just said. i was in real estate but didnt fail, i didnt make what i thought of course but there are no low self worth issues with me, but you have made it obvious that there is with you considering that you hang out in chat forums being an asshole. i came on here for info from people in the industry who can give info on companies and payouts that i couldnt necessarily get from an interview.[/quote]

maybe they made such a lowball offer to you because they looked at your application and your writing and punctuation came across at about a 5th grade level?

Dec 15, 2008 6:04 pm

hyman, your an idiot! hows that for grammar? lol if your going to make a comment on my grammar and punctuation, point out where there was a mistake.

Dec 15, 2008 6:07 pm

[quote=airisthere]hyman, your an idiot! hows that for grammar? lol if your going to make a comment on my grammar and punctuation, point out where there was a mistake. [/quote]

His an idiot?

Dec 15, 2008 6:12 pm

where did i say that?

Dec 15, 2008 10:21 pm

What firm did you work for before?

Dec 15, 2008 10:32 pm

it was just a small firm here in arizona, i dont have a lot of experience but ive interviewd with merrill and smith barney and the payouts were much higher. i was curious if anyone here knew more about wachovia.

Dec 15, 2008 10:50 pm

Wachovia is pretty much belly up anyway. I still consider myself AGE. I’ll be glad when WB is dead and burried. The wirehouse side is pretty much 70% AGE. Very good perhaps best training, payout is good if you hit the numbers. It’s not as predatious as starting out with MS or ML.

  Considering what's going on I would take what you can ASAP.   Just my .02
Dec 15, 2008 10:52 pm

PS Hank’s the man FYI.

Dec 15, 2008 10:58 pm

Gaddock. That’s what I was thinking as well. So what’s the difference between the branch and the wirehouse side. The recruiter told me they r the same except the branch has the advantage of walk in traffic. Are u still with the company?

Dec 15, 2008 11:27 pm

Yep. Where else would I go? ML? not. Have a very nice standing offer from MS but not sure they will be around either. To early for me to go indy.

When in doubt wait it out.

Dec 15, 2008 11:29 pm

Never been on the branch side so I don’t know other than you get to prospect customers.

Dec 15, 2008 11:39 pm

Yea I noticed the payout structure is very competitive with other firms but since I don’t have a book they want to hire me as an Fa trainee with a 20% payout but in todays market I guess the fact they r actually hiring is suprising. Why wouldn’t u go to ml?

Dec 18, 2008 11:52 pm

I just got done with my final interview with Wachovia Securities.  This is a former AGE branch that has been around forever.  The BOM wants to “take it to the next level”.  He told me to go home, sleep on it, and call him in the morning with what I wanted as a base salary.  I am making total comp of $90K right now.  I know they want to keep you hungry, but I have to pay the bills.  For you Wachovia guys, what is the payout on production, bonus, etc while under salary (if any)?

Dec 20, 2008 6:01 pm

You wont bring home any thing like 90K in your first year, unless you are some kind of superman. I did just under that in grosse year one. I’ll more than double that this year but still wont take home 90. As for salary 3k is around what you will get. You can get a higher salary but it will go away a lot faster.

Dec 20, 2008 8:03 pm

[quote=airisthere]

hank moody, its not necessarily that im worth more than that, its the fact that the other firms i interview with have payouts of double that. so instead of being a smartass, just answer the question. im not here to play on forums and be rude to people. the fact is that wachovia has great training from what ive heard on here but im trying to figure out if anyone else has interviewed there or worked there who know about the payouts. that would be helpful because it will give me a better idea on how much i can negotiate the terms.

[/quote]   Wachovia does indeed have a good training program.  I mean, take a look at Danny,  he and I are regular pals!
Dec 20, 2008 8:07 pm

[quote=Gaddock]Wachovia is pretty much belly up anyway. I still consider myself AGE. I’ll be glad when WB is dead and burried. The wirehouse side is pretty much 70% AGE. Very good perhaps best training, payout is good if you hit the numbers. It’s not as predatious as starting out with MS or ML.

  Considering what's going on I would take what you can ASAP.   Just my .02[/quote]   the wirehouse is 70% AG Edwards?  huh?    i know you were posting your .02, but would you explain. 
Dec 21, 2008 11:38 pm

70% Former AGE employees.