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BAI/ML FA's shared info

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Jun 13, 2009 8:46 pm

[quote=Greenbacks] Wildcat,



You sound like a real company man.



Hang in there.



I am sure ML BAC will never let you down.





[/quote]



Greenbacks - personally I do like Merrill Lynch as a firm and I’m just starting to build my book of business really, so I see no reason to want to jump ship at this point, despite several offers from other firms. Do I think everything at ML is perfect - absolutely not.



I do have a realistic mindset in that things can change and anyone’s loyalty can only go so far. However, I find much of the media and other talk about what’s “going on” at ML/BAC to be a bit premature from people who aren’t experiencing it first hand.



The whole media portrayal of ML and BAC for months has been nothing short of biased. Ken Lewis just went to Capital Hill, and if you actually read or saw his remarks, he had nothing but praise for the ML acquisition and how it’s helped BAC tremendously (most notably contributing to 75% of the firm’s earnings last quarter). If you simply read about the story in the media, you’d hear nothing more than news about how this was a forced marriage, and Paulson et. al were the devil that asked Lewis to sell his soul in this deal.
Jun 18, 2009 12:51 am

Attention BAI/ML reps.   Please excuse my dutch accent (ala BRUNO) but you are “fookentaken” 9 ways to Sundie.

  BAI will have you fretting, twittering about their gordian knot of a comp plan. It will change like a kaliedescope the minute you think you have it licked. They will have you on a full run tread mill re earning your trials every year, witholding monthly comp for wonderful bonuses at the end of the year that never materialize cause you missed it by a $50 charge back. You dont own your book anymore. You have lost your most valuable retirement asset which was your biz at ML.   The longer you stay the more you will be branded away from your book..and be a replaceable drone in the BAC machine. Do you qualify for spirit points as ML rep...Pshshaahwwwaahahahahaha!!!!!
Jun 18, 2009 12:55 am

Wildcat:  you will be declawed and limited to indoors after BAC gets through with you. Oh best way to accept  the locater chip is to bite down on that rubber mouse.

You keep whistling dixie like there is no brand gustapo only "minders who want the best for you and your clients" and you will wake up disoriented and broke in about 2 years.
Jun 18, 2009 6:13 pm

Maybe this time is different, maybe THE BANK will not leave their pi$$ stain on ML as they have every other firm they have bought.  However I do know that BAI is not part of the protocol so departing, beware.

Jun 19, 2009 3:22 am

[quote=daytradah]

Wildcat: you will be declawed and limited to indoors after BAC gets through with you. Oh best way to accept the locater chip is to bite down on that rubber mouse.



You keep whistling dixie like there is no brand gustapo only “minders who want the best for you and your clients” and you will wake up disoriented and broke in about 2 years.[/quote]



and your coming up with this information how?



your comments smack of jealousy, big time. Even the most novice business minds can figure out that BAC would be foolish to change much at ML. You ever notice that off all the business units, even our name remained the unchanged? Everything else has Bank of America written on it.



16,000+ pissed off Financial Advisors is not something Ken Lewis or anyone at BAC really wants. Why would they want to ruin a good thing?



Again, provide more than your opinion and people might actually take you seriously.
Jun 19, 2009 3:31 am

I don’t think BAC or Ken Lewis is worried about 16,000 employees with the employee mentality.  The ones with any cojones would have already left.

Jun 19, 2009 10:33 am

[quote=Moraen]I don’t think BAC or Ken Lewis is worried about 16,000 employees with the employee mentality.  The ones with any cojones would have already left.[/quote]

Or in your case, the ones who got tired of knocking on doors in hopes to get a $50/month SIP into an American Fund and working in a strip mall, right? Way to STICK it to the MAN!!


‘love you’




Jun 19, 2009 4:47 pm

Did you used to work at Jones too?! Wow, and took a step back it seems all the way to being a bank broker.



Jun 20, 2009 2:31 am

[quote=Moraen]Did you used to work at Jones too?! Wow, and took a step back it seems all the way to being a bank broker.



[/quote]

Yea buddy… Jones lol

That’s all you know isnt it? Jones’s and your ‘shop’. I’m sure you run a sophisticated and classy organization. Where do I sign up?

Bank Broker? never have been but Im curious of why you would think anything is a ‘step back’ from Jones. I do know a few though and they are solid individuals. I could care less where they work and who is the payer of their checks. Why does it bother you so much? hmmm I would say your insensate boasting is a ‘cover’ for something…  Lemme guess… You drive a Hummer

Jun 20, 2009 12:40 pm

Civic actually. I really have no need for flashy cars. Spend our money on traveling.



To be perfectly honest, I don’t think anything is a ‘step back’ from anything. I think wirehouse is a valid path in this industry. As well as banks. And Jones. I know a bank guy who couldn’t make it in other places and just destroys it at the bank. There are a lot of people that produce more than my entire firm at wires, and I wish them the best of luck.



RIA is for me. Running the show is for me. Advising pain in the ass clients is not.



And as for this thread and the other one (the one I started). I think we can all agree that the threads had gotten pretty boring. I was trying to pick a fight and see if it ballooned, but it looks like it just degenerated into a fight between me and you. So, really no offense. To each his own, I say.



Any way. Have a good one. I guess we can put a nail in the other thread’s coffin.

Jun 24, 2009 3:49 am

Great new book I just read....Wildcat's Revenge, by Claude Ballz.

Wild:   You are deeelusional if you think BAC is not going to bleed you out and then siphon their koolaid into you.....I will enjoy the tranformation from Optimus Prime to Sad Automoton.