Can anyone tell me what they know about Wachovie FiNet? Good, bad? Anything. Thanks. Fenderbroker
I've been there for over a year now, and it is everything they tell you it is. The only thing that caught me off guard is the amount of compliance stuff, but after a few months, you get the hang of it...
its a great decision for my practice...
I've heard that you need a pretty big book just to get in the door with any respectable treatment at Wach. Is that true? I have about $10 million under management, but only about half of that would wind up coming with me when I move from my current place.
I doubt you'd get much repect anywhere with a $5M book. I don't know your situation, but the standard line here is that you should build your business some more before making a move.
If you are not hitting $250K gross, then don't even think of the term Finet or Indy for that matter.
Does anyone know the type of product offerings that Wachovia gives its brokers? Is it similar (money managers, etc) to SSB and MSWD?
All the Wachovia chanels have just as many if not more money managers, managed programs no load funds. Nice comp plan if you do a decent gross.