Citi Morg Commercial
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Thunder - I hear you. Vin Diesel was right. It doesn’t matter, as long as you trying to help clients. There are crooks everywhere in this business, even the RIA channel. I think the percentage is the same no matter where you work.
I say good luck. I’m different than wires, but can’t do everything a wire can do. I’m ok with that. I’m also ok not having $20 million dollar clients.
Clutch, your right it is closer to 55 on 1mil, I was looking at 1.5 mil for 58%, this includes los and dc levels.I think that 60% number is high. I just came from SB and at $1m, you are probably getting 43% payout. If an FA is getting a LOS award and other deffered comp at $1m that is maybe another 10%.
I think you're off track here. MS sure didn't need to combine to survive and in a way, neither did SB. Citi needed the cash, but the other two were doing just fine, thank you.
If they are so wonderful, why do they feel the need to lie as to why they are together?
“How many Indy firms needed TARP money? How many Indy firms sold their clients into off-balance sheet investments and auction-rate securities that they later walked away from?”
RJ, for one.
Since you've been complaining about MS for years and now they're a "total joke", do you plan on finally leaving them?What a joke. If you believe this crap fools one person in the public you are mistaken. Most of the industry is now a joke but this firm is a total joke.
No dog in fight
John mack looks pretty damn smart MER is NCNB's little bithc WS a shell of what it was with conservative WFC UBS same old losers GS and MS came out the best (ps: large wirehouses have gone through hell with bank blowups-no doubt. But its still doesnt change the fact that regionals are what they have always been: wanna-be shops when guys doing 300k think they are the deal) Like, say Triple A. Not bad but u aint in the bigs.....sorry just some tough loveI made the transition from a wire to an Indy just over 2 years ago.
The timing was perfect. 97% of my clients came with me. Best of all, I got out of a firm that is now in a "shot gun wedding" with another wirehouse and surviving on the government teat.. I am not taking sides, I think that the wirehose is right for the "corporate types" and indy for the "Entrepenures", I am just very happy I did not have to explain to my clients the fact that the reason they were hearing so much about the Firm in the news is because they could not properly assess risk or manage their money :)