UBS to Sell Small Branches?
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Although I left UBS to go indy a year and half ago, I still have some great friends left at U been screwed. I hope they don’t get screwed. I don’t know anyone whose gross hasn’t taken some hit over the last 12 months. I did 400k before I left. 300K is the new 400K. Given Ubs’s bad PR they should be giving all their FA’s 100k gross of slack.
“Live long and Prosper”
Well said!Horrible call. Hoekstra was contradicting himself left and right. Used to be a fan of the guy, but he came off as condescending and out of touch. At one point, I kid you not, he said FAs should be challenging recruiters who call them by asking them if American firms that are cutting heads and overhead are planning to exit the US market too (speculation has been rampant that UBS is preparing to sell the WMUS business and recruiters are exploiting this). Are you effing kidding me?!? He’s expecting us to defend the firm when he can’t give us any assurances about our job security? WTF?!? It’s one thing to take away our support and all our resources and then fire us because the firm is moving in a “new strategic direction,” but to expect us to sit there and pick arguments with recruiters who can potentially secure us spots at competing firms where our services will actually be valued is effing ludicrous. I guess this behavior shouldn’t be a surprise (he’s an exec, not an FA now), but I expected a bit more tact and a bit more of a clue from a guy who used to be in our shoes.
FOR THE 3RD TIME, WHAT LEVEL PRODUCTION IS LEVEL 3 OR 4. pLEASE?
Levels arer by LOS so there is no one specific production number for a level/tier.
Actually, what we asked for was a low rent journalist… and I think I see Geraldo’s moustache approaching in the distance.
I am going to call the reps at the wires and offer them a way out. The smaller reps and maybe the ones that are close to retirement 5 years or so.
I will offer them an earn out over several years. It may not be great but they get nothing if they stay at there firm and wait to get starved out @ 20%. I have a feeling some of the reps just want to leave and this will give them some income from there work. It cannot hurt to ask. .Feel free to contact me: [email protected]
I have talked several reps at UBS & MS.
No takers yet? But the UBS reps are not even concerned about the future of there firm! Either they are in doubt or they feel they are above the cut. Small office 5 reps. MS reps I talked to are more concerned not ready to try any thing yet, they want to see what the SB merger will look like.Wrong way UBS. pay 270 on highest t12 ever cut at bottom
UBS wanna be dumb and dumberIs there a specific reason you keep repeating yourself over and over again.
We heard you the first time.[quote=S&P low 666]sorry, lost my head
F UBS[/quote] S&P, has puberty got you down? You seem a bit more moody than everyone else. By the way, any time you're ready to add some real value to this forum, then feel free. LA[
S&P, has puberty got you down? You seem a bit more moody than everyone else. By the way, any time you're ready to add some real value to this forum, then feel free. LA[/quote] Your the one that seems a bit testy. I hope you make the cut brother.Talk of proposals has emerged following a UBS management meeting in Sydney last week, Data Room has learned. One would see UBS offload its entire wealth management arm, with Bell Potter Securities a possible landing pad. Commercial property professionals across the UK - agents, chartered surveyors and property owners - currently advertise over 40,000 commercial properties and land for sale on Right move. UBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland. It provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland.