[quote=Sportsfreakbob]Thats a good point - can any of the indy guys comment on the availablity of bond inventory at their firms? How does that work. How do you service a large muni buyer who always has bonds maturing?

You and Us.



A way to decide whether to join this firm is to decide what business model you desire beyond the upfront enticement. In evaluationg this firm, there seems to be a strong emphasis on ensuring clients see the relationship is with the firm itself over the individual advisor. While all firms like this, the Swiss have a different culture. If you want to sell the wealth planning capabilities of the firm and the management of assets by the firm, the this is a great choice. I will not post negative comments here but like any firm, the management will try to convince you otherwise that their firm puts an FA 1st. If you need the money, I hear this is the place to be, but accept the fact that you are joining a European bank. You can appreciate the honesty of JayMc as he has candidly stated a perspective of an advisor. You are always better off to hear from other FA’s as opposed to someone who get’s compensated to lure advisors to their place of business. Good luck.

why is UBS paying so much?

why the heck are they buying these brokers?

they have to be for sale

Swiss had us brokerage

[quote=short it]why is UBS paying so much?

why the heck are they buying these brokers?

they have to be for sale

Swiss had us brokerage[/quote]
There is little doubt in my mind that that is the case

[quote=JayMc] We moved to UBS from wachovia securities in nov.

I have been in the business 14 years and as doing about 1.7mm.

We have about 90% fee based

I loved (love) WS.

I would never have thought of moving.

Im moved because i was (am) scared.

I moved because NO ONE can tell us what firms will loook like or what this business will loook like down the road.

I basically sold out for the money and for added security for my family.

I think UBS is insane giving out that kind of money in this economy.



Im sorry but the reality is that UBS is basically a joke compared to WS.

The tech and operations are a nightmare.

There is no flexibility in operations

There is no commen sense in operations or actually in anything.

The personnel are numb. its not their fault

leadership seems to be bean counters and lawyers.

actaully, there doesnt seem to be any leadership.

it reminds me of the federal govt.



We will be ok.

No firm or manager has ever giving us anything anyway

You earn what you earn in this business based on YOUR efforts

We have gotten over the majority of our clients and we will make it work

we hired a full time extra person on our own JUST to try to keep up with the crap systems and all the BS this place puts in your way.



i dont regret a thing

we are big boys

i make a choice and i will accept anything that comes our way



they couldnt get all these decent FA’s without the big money

i appreciate the BOM posts here and his loyality and excitment

he is just flat wrong and probably doesnt have the perspective of what a great firm is.



final thought, we run our own business

period.



Danny Ludenman is a wonderful human being and THE BEST ALLY of the broker.    

The WS model is awesome. It is a true broker driven model.

Sadly, there is just TOO MUCH uncertainty in this business to know what ANY firm will look like. I am hoping that Danny comes out on top.



Am i a who^%$?    yes   a scared one.



UBS is a rudderless joke.    I hope we sell out. [/quote]







well put.   scary times.   

just out of curiosity does anyone know what the new ubs deal is since their 165% upfront deal ended a week ago. 

just out of curiosity does anyone know what the new ubs deal is since their 165% upfront deal ended a week ago.

depends on your numbers vs. your market area based upon your LOS.  It is still up there for quintile 1 and 2

JayMC…I take it you are part of the Kurt Sylvia team?

no.    

man this operation stuff is insane here.

so much time wasted

no commen sense

no flexibility



oh well

LOS 8 years T-12 600k.  what am i looking at upfront 

What percentage of production is annuitized?

not a whole lot i would say 1/3 of the book.  i used to have more but have moved many wrap accounts into other products in the last quarter.

120% up front with some back ends.

ShotIn the Dark and Jay Mc:

thanks for the insights.  bancofamigo. 

my pleasure.  good luck!

UBS to buy WS?    wtf