Skip navigation
Menu
Search Forums
The Advisor Forums

Bye Bye Upfront Bonus Checks

or Register to post new content in the forum

3 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jan 12, 2009 11:48 pm

Vin Diesel

Joined: 2007-04-18Offline

  Seeing all the changes in our industry; its hard to imaginefirms paying upfront cash to reps. This is sad cause it was nice knowing that if things got really bad - you could get bailed out by taking a deal. Unless you're producing $1mill+ you're sol.
Jan 12, 2009 11:51 pm

fritz

Joined: 2006-01-12Offline

[quote=Vin Diesel]

  Seeing all the changes in our industry; its hard to imaginefirms paying upfront cash to reps. This is sad cause it was nice knowing that if things got really bad - you could get bailed out by taking a deal. Unless you're producing $1mill+ you're sol.[/quote]   heard today in my area over 1000 reps have talks going with UBS and  all their branches pretty much full.  Would hate to be the 1001st guy to call them up be looking for a nice check if your doing 400k or below
Jan 13, 2009 1:29 am

Sportsfreakbob

Joined: 2008-08-24Offline

Vin, you are dead on. I guess the only place left to go is Merrill. UBS is full, mssb is 20,000 brokers strong. Oh, i guess Wachovia.
Hardly enough competition to keep the deals up.