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Jan 25, 2007 8:14 am

I heard he was an a$$ and was fired.

Jan 25, 2007 10:07 am

He was not an A$$ - He fought for the FAs! 

Jan 25, 2007 3:54 pm

I don't know of many in the SE reion that thought too highly of him. Most thought he was a joke.

Jan 25, 2007 5:44 pm

Our big producers aren't leaving. It's like they're content with the lousy payout they get. They are also very lazy.

Jan 27, 2007 10:53 am

what's the latest rumor at BAC?

Jan 27, 2007 3:15 pm

No rumors - FAs are leaving, Market Directors are leaving, Regional Directors are leaving.  Everyone is leaving.  There is no direction on the brokerage side except they are trying to focus everything towards the bankers.  Compliance sucks, technology sucks, leadership sucks.

Jan 27, 2007 3:56 pm
nope:

No rumors - FAs are leaving, Market Directors are leaving, Regional Directors are leaving.  Everyone is leaving.  There is no direction on the brokerage side except they are trying to focus everything towards the bankers.  Compliance sucks, technology sucks, leadership sucks.


Boy, that attitude must really help your day to day business! 

Jan 27, 2007 5:04 pm

Jan 27, 2007 6:16 pm

btw the place still sucks

Jan 28, 2007 9:17 am
$$$$$:

btw the place still sucks


  No reflection on you - right?  It's all someone else's fault...  Funny - if you were kickin' a$$ you would claim it was all about you.  Get over it.  Move already.  The only thing holding you back is your fear.


I'm not sure if the two reps in my office who just had their best month ever (after having their best month ever in 10/06) would agree with you.

Jan 28, 2007 9:27 am

NOFX - what's a best month ever at BAC??? 15K....


The average producer at BAC is under $300k!

Jan 28, 2007 10:11 am

this is true. if your a 300+ producer at bac you're a superstar. i work at one of the top regions in the u.s. and we only have one million $ producer. 

Jan 28, 2007 10:23 am

Way off. 5$, don't you get the monthly production runs for the Nation? If you do you know that 300k is not a big producer, more like 500k. If you need the rankings pm me, I'll try to get them to you. I did 22k last month and I was #20 out of 22 guys, you need to do @ least 500k to show up on the radar screen.

Jan 28, 2007 10:43 am

who cares if its 200 or 600k. the payout sucks and you dont own diddle squat. I did 22k last month and I will take home 16k after expenses. When i was at bac I might get 6k or maybe 4k for a month like that. I left bac in Nov and have moved about 80% of what i targeted. Had 30MM book took about 15MM the rest was mostly crap but I did leave about 4 MM that I would have liked to ACAT (2-3MM may still move).



start prepearing to move. the legal landscape has really turned in favor of the rep. BAC is very unlikley to do anything unless you owe upfont money (diff story)



You need to consider joining a office with another indy rep and spliting expenses or paying an override. That is what i did and it has worked out great. You have someone who knows the system.

Jan 28, 2007 11:06 am

btw i did 40k last month.

Jan 28, 2007 11:10 am

we have only a hand full of reps that do north of 300k. that's a fact.

Jan 28, 2007 3:22 pm
nope:

NOFX - what's a best month ever at BAC??? 15K....


The average producer at BAC is under $300k!



Have you noticed that those people are being forced out? RE: FA1 program.  This is getting boring.  Go Indy - you will be happy.  But don't make it about BAC sucking - make it about your commitment to succeed.  


 I  echo what the previous poster said : join an indy office to share those expenses - at your asset level and the possibility of some not coming - lumpy production will affect the payout grid from the BD.  I have a friend who  went from SB to Wachovia FiNet who got awfully close to that happening.


Incidentally, the two I am talking about did $150 (5 years in biz) and $85 (10 years in biz).  Just because you cant make it work doesn't mean noone else can.

Jan 28, 2007 3:24 pm
$$$$$:

btw i did 40k last month.


Did someone ask?

Jan 28, 2007 4:17 pm

part of my motivation is to let brokers looking at BAC that it is a terrible place to work. its not about whining. The bac program is under the full control of bankers now. 7 yrs ago it was mostly brokers managing brokers. When i left I got a call from my manager (former bank lobby manager)wanting to know why i would not refer a 2mm client in cash to a CD. if you want to be expendable and not have any control over your destiny go work for bac

Jan 28, 2007 5:13 pm

you're correct bankfa10. it is a terrible place to work. i'm glad you had the balls to leave. i'm gone as well. good for you for not putting up with their crap.