New grid

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Nov 17, 2009 8:20 pm

anyone hear the new grid @ merrill?


 
I hear it's not bad.
Nov 17, 2009 10:08 pm

i've seen the bai legacy version...  it appears to be same as 2009. Conf call tom. morning to go over details

Nov 17, 2009 10:42 pm

What is it for the Legacy BAI?  I thought we all were on the same plan for 2010?

Nov 17, 2009 10:58 pm
mlgone:

mmmmmm tasty thread

 
Just like me.. Ask MLGONE. You can stand up now ML.....No NO NO, Ricelo you stay down there.
Nov 18, 2009 9:15 am

sorry,, meant to say the 2010 bai legacy grid is the same as ML 2009 grid..  I believe there may be a couple of slight differences for legacy bai guys verses legacy ml guys in the comp plan,  but BAI legacy 2010 grid portion of the plan is identical to ML 2009 grid

Nov 18, 2009 7:56 pm

I liked what I heard.

 
I could care less about not getting paid on households under 75k and then 100k. As long as they give me a channel to dump them, which it sounds as if will be true come systems day one.
 
The payout to me seemed straightforward, except for the fact that they could of just said you start one grid lower than where you end this year, instead of cutting it in half plus one grid rate. Would have made it less confusing.
 
I see it as a substantial raise for the time being as households under 75k generated next to nothing for my book.
 
I've averaged a little under 29% with the trailer haircuts and other bs. It appears at Merrill I'll be getting a flat 37% with the potential for more. That is a substantial difference and I'm happy they didn't screw with it. That is a first in my years in the BAI system.

This will make the holidays much better than the last 5 years of having to read over the BAI How Can I Screw the FA Plan I & II.
Nov 18, 2009 8:24 pm

I'm looking forward to it, should be very broker friendly lol.

Nov 18, 2009 8:28 pm
southcampus:

I liked what I heard.

 
I could care less about not getting paid on households under 75k and then 100k. As long as they give me a channel to dump them, which it sounds as if will be true come systems day one.
 
The payout to me seemed straightforward, except for the fact that they could of just said you start one grid lower than where you end this year, instead of cutting it in half plus one grid rate. Would have made it less confusing.
 
I see it as a substantial raise for the time being as households under 75k generated next to nothing for my book.
 
I've averaged a little under 29% with the trailer haircuts and other bs. It appears at Merrill I'll be getting a flat 37% with the potential for more. That is a substantial difference and I'm happy they didn't screw with it. That is a first in my years in the BAI system.

This will make the holidays much better than the last 5 years of having to read over the BAI How Can I Screw the FA Plan I & II.


 
Um....you might want to look at what you get paid when you try to sell a bond now.  They might not have mentioned that on the dbs.  Sorry to spoil your kool-aid.
Nov 18, 2009 8:28 pm

I am all for going after qualified clients(above 250K) but what is wrong with the $75K crowd with potential?

 
Don't most $250K accounts start smaller?
Nov 18, 2009 8:36 pm
Squash1:

I am all for going after qualified clients(above 250K) but what is wrong with the $75K crowd with potential?

 
Don't most $250K accounts start smaller?




Stop thinking that way.  They'll hear you.
Nov 18, 2009 8:39 pm
Squash1:

I am all for going after qualified clients(above 250K) but what is wrong with the $75K crowd with potential?



Don't most $250K accounts start smaller?







Well, if you are at a 37% payout, a $75k fee based account that generates $750 a year in fees, isn't going to cut it. After income taxes, what are you really pocketing? Maybe a couple hundred bucks?



Of course, if you get 90% as an Indy, things look much better