AGE--Crest and Above?

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Jun 12, 2007 2:39 pm

WB offering only Crest and above retention packages????

Jun 12, 2007 2:45 pm

Where does your information coming from?

Jun 12, 2007 2:46 pm

Please define CREST? Not wired in to this term.

Jun 12, 2007 2:49 pm
Biasedrecruiter:

Please define CREST? Not wired in to this term.



Anyone with production of $350k and higher for the fiscal year.

Jun 12, 2007 2:49 pm

Fiscal year (Feb. through March) gross production of $350,000.00 or more.

Jun 12, 2007 2:51 pm

March through Febraury, sorry.

Jun 12, 2007 2:51 pm

Thanks:

Jun 12, 2007 3:24 pm

Wow 350k and above.......  That will have 50% or more of the brokers seething!  RJ has been waiting for this news.  AGE and RJ have a very similar culture.  C'mon over.

Jun 12, 2007 3:27 pm

Tarpon, if this turns out to be accurate (which I have absolutely no evidence of), I think quite a few of us will.

Jun 12, 2007 3:33 pm

the answer is coming thursday.

Jun 12, 2007 3:36 pm

So the scuttlebut says, anyway....

Jun 12, 2007 3:43 pm

This is like watching two train.... no more like one train and a heard of sheep... ok, buffaloes, not sheep. A train careening around the trackdown from the mountain and around the corner, no brakes! And the buffaloes standing there wondering what that sound is.


Get out of the way buffaloes! Tatonka, tatonka mooove, before you get hit and derail that train and all the nices peoples inside the train get into their crash positions! Oh! Lookout!


And then the buffalo start to run! Run Buffaloes run, wild and free! Wait! Wait! Look out buffaloes! That's a cliff! Buffaloes! STOP! But keep going while you're stopping so you don't get hit by the train and derail it and all the nice peoples inside get into their crash positions..... oooooohhhhh...


One piece of advice I can impart... Don't be in a rush, keep cool while others are losing their heads, you know, if you stay while everybody else leaves, you can always leave later, with a bigger book made up of the clients that didn't leave, waiting around for a year could mean an extra couple of hundred thousand dollars. I don't care if you do or you don't I'm just saying.

Jun 12, 2007 3:47 pm

Finally, some imaginative nonsense! (followed by some real input).

Jun 12, 2007 3:53 pm

Just remember... if any of the regionals was NEVER going to be sold... it was AG Edwards. How long can RJ have left?

Jun 12, 2007 4:37 pm
aldo63:

the answer is coming thursday.


Where do you come up with Thursday as the day?

Jun 12, 2007 4:50 pm

cmein1999: Never Ever ask that kind of question here (if want an answer, anyway)

Jun 12, 2007 5:03 pm

from a Long term age manager

Jun 12, 2007 5:05 pm
Broker010:

cmein1999: Never Ever ask that kind of question here (if want an answer, anyway)


I mean not to pry, or want to know the sources name, just the broad strokes of where its coming from... AGE/WB or a guesstimate.

Jun 12, 2007 5:08 pm

I can tell you it's a guestimate, at best. My BM has been so for over 25 years, is a President's Club producer and is a very good friend of mine. He is as in the dark as any of us, as is our regional manager, at least since he left for St. Louis and has since been incommunicado. 

Jun 12, 2007 5:18 pm

I hate to say this but you know what would be a brilliant move for WB and would be great and suck for you guys?


If WB put out a retention package based on assets retained instead of past production. Baseline you at your current AUM and then bonus the crap outta you for any growth. Big producers would take it (plus they can get a second dip into the trough) but little producers can become big producers and get a bigger bonus than the corner office crowd.


They could RICHLY reward increased assets per fa. And then if you left you would be skrued blewed and tatooed!


And if you stayed! Think of all the money you could have for having done so, and if nobody around you left, then you'd sniff out money like the truffel pig of a starving French farmer!


It's a brilliant idea! Good thing they'll never do it!