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Jun 5, 2009 10:13 pm

Seriously, if you are an FA ,I think the only approach to take with the firm you work for is that of a vendor.

 
I see everyone bashing or supporting firms on these forums. Most of the bashing is typically just an effort to convince yourself to take a deal and move.
 
Most BD's have all the goods and services that you will need for your clients, some have been designed to make a larger % of revenues than others and you should take the same approach as the BD's do. Work at the place that provides the best opportunity for your clients and you to be successful. If that is running your own shop so be it, if it means taking the biggest check and or payout...knock yourself out. The bottom line is your past, current ,or future broker dealer or clearing firm cares little about you and cares greatly about what you can do for them. So use the same attitude on where you work, make it an educated business decision...it's your business and your life.
 
Take care of your clients and your family, and the best of luck to you.
Jun 5, 2009 10:15 pm

Whatnow, change your name to Whatpoint

Jun 5, 2009 10:24 pm

Good one...I will change my name. :)

Jun 6, 2009 1:21 am
Whatnow:

Seriously, if you are an FA ,I think the only approach to take with the firm you work for is that of a vendor.

 
I see everyone bashing or supporting firms on these forums. Most of the bashing is typically just an effort to convince yourself to take a deal and move.
 
Most BD's have all the goods and services that you will need for your clients, some have been designed to make a larger % of revenues than others and you should take the same approach as the BD's do. Work at the place that provides the best opportunity for your clients and you to be successful. If that is running your own shop so be it, if it means taking the biggest check and or payout...knock yourself out. The bottom line is your past, current ,or future broker dealer or clearing firm cares little about you and cares greatly about what you can do for them. So use the same attitude on where you work, make it an educated business decision...it's your business and your life.
 
Take care of your clients and your family, and the best of luck to you.
Jun 6, 2009 1:31 am
Whatnow:

Seriously, if you are an FA ,I think the only approach to take with the firm you work for is that of a vendor.

 
I see everyone bashing or supporting firms on these forums. Most of the bashing is typically just an effort to convince yourself to take a deal and move.
 
Most BD's have all the goods and services that you will need for your clients, some have been designed to make a larger % of revenues than others and you should take the same approach as the BD's do. Work at the place that provides the best opportunity for your clients and you to be successful. If that is running your own shop so be it, if it means taking the biggest check and or payout...knock yourself out. The bottom line is your past, current ,or future broker dealer or clearing firm cares little about you and cares greatly about what you can do for them. So use the same attitude on where you work, make it an educated business decision...it's your business and your life.
 
Take care of your clients and your family, and the best of luck to you.
 
I still think AGE cared about me . But my current firm does not. You are right there. I think Wach/ Wells is not the place for owners but fine for employees. You are right again. Good post.
Jun 6, 2009 7:34 am
Ron 14:

Whatnow, change your name to Whatpoint




Jun 6, 2009 9:31 am

Whatnow,



You've simply restated what many on this forum already know. If you've just come to this conclusion, it's a good thing. As FAs, we soon realize what's important (client relationships) and what isn't (corporate BS). I think I remember you asking about where you should go next...sounds like you are in the right frame of mind to make a decision.



Good Luck!

Jun 7, 2009 9:21 am

Ron

 
The point I am making is one persons experience at a firm say like Merril Lynch is terrible, they leave...usually for a check. The next person just recieved a big check at Merrill ...they love it, best firm ever to them.
 
I just don't think anyone should ever feel bad about leaving a firm to get paid. The broker dealers all created the waffle monster and now have to live with it.
 
Same with going independent, if it's a better fit then congratulations. The bottom line is I could care less about what a firm thinks about a broker leaving, if you don't do the numbers they want they wouldn't hesitate to get rid of you.
 
I have not had any secrets about my upcoming move, I am going to make more money one way or another. I don't have to try and justify it by beating up my old firm It's just business.
My previous firm just sold all of the brokers books of business to Morgan Stanley, now lots of SB brokers are just doing the same.
 
With all that being said, the most important part of a move is that it doesn't negatively affect clients. In a perfect world they receive a benefit also.
Jun 7, 2009 9:47 am
Ron 14:

Whatnow, change your name to Whatpoint

 
You can't relate because you have an employee mentality. If I had been fired from Jones and worked for a bank, I'd feel the same way.
Jun 7, 2009 11:25 am

Alice, its unfortunate that your Dad didn't log off when he left the site and now you come up from your room in the basement to troll around and spread lies. Shouldn't you be out playing tee ball or something ?