I agree, some do post during market hours.  I just know that the one time I tried to visit these boards while at Jones, it was blocked by Jones. 

Maybe you have to take a "kool-aid" test, and if you score high enough, they'll give you full access to these boards!  That could be why almost all of the Jones posters are pro-Jones...

(Pretend this is being read very fast) The above statement is meant as a joke, not as a direct slam on any Edward Jones employees.  now_indy does not speak for the owners or affiliates of this forum. Please do not attempt this humor at home. No animals or small children were harmed in the making of this post.

That's a problem when you are your own boss, both management AND labor are idiots!)

Now that's funny   

Finally received my Bank Investment Consultant magazine with the B of A story.  Basically, three Merrill brokers moved (with their families and pets) from Cleveland to San Diego with the promise of access to $3 billion in bank deposits.  Turns out it was only $300 million, which is horrible in the B of A system when divided between three brokers.  Pathways brokers (trainees) get more than that when they walk in the door after passing their Series 7.

B of A ordered to pay $1.6 million in compensatory damages and also forgive the $1.4 million upfront loan.  The spouses are also suing in state court (non-NASD) for damages.

I wonder if the $3 billion deposit was in writing. I can't imagine B of A losing an arb just because they "promised" deposits or leads.

Holy Dropped decimal Point, Batman!

Where in San Diego? Ocean Beach?

A mil a piece ain't bad... But from Cleveland to San Diego? They're on the short end of that realestate trade! Sell an 8 bedroom mansion in Cleveland and buy a Efficiency Condo in San Diego! Hey, it has a pool view! Seasonal.

Mr. A

Took me a couple readings to decipher all the jokes.  Funny!

I’m just loving the goals we must hit on our “scorecard” or else we earn a wopping 25% payout! Gone.

So what is your trailing “RPM”?  That is the new term for Revenue at BAI - RPM stands for Relationship Management Growth…  They are so going away from brokerage that at this point it is just funny!

nope....very true, I worry how this program looks in 2-3yrs. I think your RPM's will be driven by the type of biz you do with an accelerator (1x, .5x , 2x)

equity will be GDC x .5

CSG will be GDC x 1 etc,etc and then it flows to your RPM times your payout.

scary.

leave.

I did

There will be many leaving in the next few quarters. Myself included.

I’m not being sarcastic  - you will LOVE being independent.  You will wonder why you didn’t do it earlier…

Who’s being sarcastic? Are you now indy nofx??

$,

u  need to make decision, do the math....300k @ 33% x the 25% penalty = 75k...right?

if u can live on 75k put your head down and work your ash off, if not figure out how much of your book comes if u go indy. Multiply that by 90% back out your expenses and see what u net. BUT remember it is soooo much easier to raise money at a bank than an indy that u might be better off staying. my 2 cents.

[quote=$$$$$]Who's being sarcastic? Are you now indy nofx??[/quote]

No - I was - blew up my book (reformed stock jockey) and cut a check to a regional - now at BAC.  Exit strategy in 5 - 10 years is to go back independent.

here's my math as an indy. take 50% of my aum, thats 15 mill, take half that fee based, thats 7.5 mill or 75k at 1% plus another 12k trails, thats 87k- 30k expenses= 57k before any additional business. Add another 100k gross @ 90% in additional business and my total wages are 147k net

stay at the bank and every dollar I bring in I stand a 50% chance of moving down the road. Go now with the above math, and every $ I bring in is 100% mine.

Also, I think doing biz under RJ’s name is just as good as BAC

[quote=$$$$$]Also, I think doing biz under RJ's name is just as good as BAC[/quote]

Does Ray jay have a retail facility on every corner ?  Are they a MLB sponsor?  Does everyone you know have a Ray Jay credit card?  Is someone going to push the Ray Jay investment program on you when you go for a home equity or have a problem with your ATM card?

I'm all for you going Indy and Ray Jay is a great choice but don't kid yourself - the only way to be successful is to rely ENTIRELY on yourself.  If you think it is about the name on the door (as an Indy) you are sunk.  It is ALL ABOUT YOU!  Get your head around that concept.  Have a business plan to grow your business there.  No one will knock on your door to do business as an aimdy - wether Ray Jay or Wachovia or LPL.  You need to be out there.  You are the brand name.

SB, MS, ML BAC ALL firms are pushing out sub 300k producers. If your at a bank doing less than this LEAVE the business and let the account go to the real advisors that know how to generate a return on them! Every rep above 350k should see this as an opportunity.

An opportunity but not at BAC. Btw am o.k with leaving it up to me to get the biz. I’ve done it before and I did well.