Another broker leaves in the Atlanta market. A good one too.
they just brought in a team from ML on the west coast doing over 2 mil
Why in the world would a team doing over 2 mill come to BOA? Incredible! I’m trying to get out of here and good producers are still joining this piece of crap firm.
My guess is that they offered a $2 million team a different deal than they
My guess is from some of the things I’ve been told is that someone will be regretting it down the road, whether it be BAC or the team and it’s lawyers.
I just got done talking to a new hire from Merrill who just came over to BAC. He said he had a hell of a time gathering assets this past year. He had about 20 mill aum. But what a great brand name.
So my question is what makes you think it's so much easier for an indy? Please keep it to serieous replys. I know I have had a great deal of questions regarding the indy model. Let's just play devils advocate shall we?
The only reason they joined BAC is because they were mislead - just like the others… Call that team in 6 months - see what they say.
I wanted to use this one day, today sounds like about it.
The Goatherd and The Wild Goats
A Goatherd, driving his flock from their pasture at eventide, found some Wild Goats mingled among them, and shut them up together with his own for the night. The next day it snowed very hard, so that he could not take the herd to their usual feeding-places, but was obliged to keep them in the fold. He gave his own goats just sufficient food to keep them alive, but fed the strangers more abundantly in hope of enticing them to stay with him and of making them his own. When the thaw set in, he led them all out to feed, and the Wild Goats scampered away as fast as they could to the mountains. The Goatherd scolded them for their ingratitude in leaving him, when during the storm he had taken more care of them than his own herd. One of them, turning about, said to him: "That is the very reason why we are so cautious; for if you yesterday treated us better than the Goats you have had so long, it is plain also that if others came after us, you would in the same manner prefer them to ourselves."
Old friends cannot with impunity be sacrificed for new ones.
Let's see, the guy figured out what was wrong with wirehouse jumping about 650 years before Christ and there's still debate about it?
Maybe we should have paid better attention in Kindergarten.
I still don't get it.
I get good syndicate allocations, competetive bond bids, a competetive wrap program and a brand name that gives me people to call. I don't understand why people hate it. I'll take 34% payout and referral's vs 40% payout and Asset Builders any day.
[quote=badmove?]I don’t think it was, which for me is a big statement, right TED.[/quote]
Just like I’m perfectly happy with a 70% payout after expenses…don’t need referrals…and no sales manager to hassle me.
[quote=badmove?] I don’t think it was, which for me is a big statement,
Who or what is ‘TED’?
The only thing that I can say is that this is no longer a bank program (as it was under Q&R). It is now a wire house with a referral program that still has significant kinks in it.
[quote=$$$$$]don’t need referrals??[/quote]
Yep. I know it’s hard for a piker like you to grasp, but some of us don’t need to trade our freedom to gain referrals from the bank tellers…
5 dollars -
Couldn't be better. My lazy CM just got canned and I am getting 2.5 new CMs starting 1/1. I was trying to be sympathetic to those of you who are always whining that someone else isn't feeding you enough.
Meanwhile you are convinced that the grass is greener (and it is for the right person) and you troll this board looking for someone to guarantee you that going indy will work for you. Only YOU can make you successful and therefore your failure is on your shoulders as well. Refocus yourself where ever you land.