New attitude at MS?

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Mar 25, 2007 9:02 am

Has the attitude really changed at Morgan? Or am I just hearing the

recruiting pitch? It all sounds pretty good, but I would rather hear it from a

couple of producers too.

Mar 28, 2007 11:54 am

I have noticed a major improvement in the attitude at MS the last 1-2 years.  The form went through a real tough patch, but that seems to be in the past.  The feeling I get is that this is only the begining of the up swing for the firm.

Mar 28, 2007 2:04 pm

The MS office in our town is pathetic!


MS fired all the reps for stealing cannot blame MS for that. The reps left and went to UBS & Wachovia or who ever would take them. In the mean time, MS transferred accounts to another MS office in another state. Then MS went out and talked to several bank reps. So the bank reps quit  to go to work for MS thinking they where walking into a office with plentiful  books of business already in place, only to find out the accounts had been moved to another state.


Therefore, the new MS reps felt lied to and cheated and they are now on quota. They will probably be on the street in six months and unemployed.


Well any way MS accounts have always been a slam-dunk to transfer now they are now even easier.


   The bottom line is this if you believe anything a wire house tells you. You are a gullible fool and deserve what you get.   <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Mar 28, 2007 3:20 pm

The bottom line is this if you believe anything a wire house tells you. You are a gullible fool and deserve what you get."


They told me I would be a guaranteed success, that I would be handed a $250MM book with satisfied, referral- happy clients. They told me that I would have a corner office with an ocean view, be able to work 4 hours per day, and work on my suntan and chase bikinis the remainder of the time.


It hasnt happened yet, but I am patient. Do you think they were lying to me?????

Mar 28, 2007 3:28 pm
Greenbacks:

MS fired all the reps for stealing cannot blame MS for that.



No doubt you have some evidence on this, right? I mean there should be some mention in the press of this.




Greenbacks:

   The bottom line is this if you believe anything a wire house tells you. You are a gullible fool and deserve what you get.   <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />




I'd say that's true of anyone who believes anything in your posts...

Mar 28, 2007 3:42 pm
Greenbacks:

The MS office in our town is pathetic!


MS fired all the reps for stealing cannot blame MS for that. The reps left and went to UBS & Wachovia or who ever would take them. In the mean time, MS transferred accounts to another MS office in another state. Then MS went out and talked to several bank reps. So the bank reps quit  to go to work for MS thinking they where walking into a office with plentiful  books of business already in place, only to find out the accounts had been moved to another state.


Therefore, the new MS reps felt lied to and cheated and they are now on quota. They will probably be on the street in six months and unemployed.


Well any way MS accounts have always been a slam-dunk to transfer now they are now even easier.


   The bottom line is this if you believe anything a wire house tells you. You are a gullible fool and deserve what you get.   <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Mar 28, 2007 3:48 pm

Greenbacks,


There is probably more to that story, but none the less, what ever the truth is, that  sounds like an issue with one local office, not a firm wide issue.


I can't believe they would transfer the accounts out of state if the intention was to keep an office open. That makes no sense.


Any broker who expects to have business handed to them has no business being at a wire house. 

Mar 28, 2007 4:20 pm
Greenbacks:

Well any way MS accounts have always been a slam-dunk to transfer now they are now even easier.



Then why are they still at MS and not in your book?

Mar 28, 2007 7:17 pm
ManagedMoney:
Greenbacks:

\

Well any way MS accounts have always been a slam-dunk to transfer now they are now even easier.




Then why are they still at MS and not in your book?


Sometimes it's hard to get stupid people to do smart things.