BAI - New Reporting Structure

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Mar 14, 2009 1:25 pm

Calling all BAI FA's;


Now that you're 2 months in, how do you feel about the new reporting structure at BAI? 
Is your BOM up to the task?  What about the Complex Sales Manager?  What about the Complex Director? Do they have what it takes? Do they have the support they need?  Can they get you through the next round of lay-offs and into the ML offices?
Are they going to make it or just flounder until they fade away - become dust in the wind (like your BAC Stock Options)?
 
 

 
Mar 14, 2009 8:16 pm

Its all re-arranging deck chairs on the Titanic

Mar 14, 2009 10:35 pm

My BOM used to be my Admin manager and he's the best there is.

It's really business as usual in my new 'complex'. They are just really trying to structure our model to align with Merrill's until they roll us up into their operation.
 
Mar 14, 2009 10:40 pm

I love all this terminology lol..complex, admin, etc etc...and we wonder why this model has failed so miserably!

Mar 15, 2009 12:01 am

What does terminology have to do with the success or failure of a business model?  Last I checked, all firms had varying names for specific positions, etc.

Mar 15, 2009 12:12 am
ThatGuyML:

What does terminology have to do with the success or failure of a business model?  Last I checked, all firms had varying names for specific positions, etc.



Layer upon layer of management..overpaid deadweight that does nothing for the firm expect make it less nimble, cost more to do buiseness etc....Universal Banking Model is DOA.

Do you seriously like the fact you have a zillion layers of mgmt or BS between you and the CEO...how does that benefit the broker or client?

Having been in bothe settings...I can tell you more layers=more BS, less productivity, and a worse cleint expereince...hence why all teh companies with that model would not be in the business if it wasn't for gov intervention.

Mar 15, 2009 12:46 am

It's a fukin joke!