Wanna-be Regional Smack Talk

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Jun 28, 2009 1:17 pm
 
Nothing has changed:
 
Regionals=Triple A.
 
would you bad-ass $300k rainmakers please chill.
Jun 28, 2009 3:10 pm

This ought to be fun.

 
 
Jun 28, 2009 3:58 pm

Someone is suffering from little man syndrome...what happened did another client ACAT to a regional?

Jun 28, 2009 4:10 pm
nestegg:

Someone is suffering from little man syndrome...what happened did another client ACAT to a regional?

 
seems to be a theme lately.
Jun 28, 2009 5:59 pm
WORLD PEACE:
 
Nothing has changed:
 
Regionals=Triple A.
 
would you bad-ass $300k rainmakers please chill.
Another big swingin d*** hits the forum! Welcome, BSD!
Jun 28, 2009 7:36 pm

Nothing has changed


WORLD PEACE = Delusion
 
would you idiots quit thinking that you have the lock on large production?
Jun 28, 2009 8:06 pm

Let World Peace with his 6 total posts have fun.  Although when I saw triple A I thought he meant credit rating.

Jun 28, 2009 8:46 pm

Based on his avatar, I'd surmize he's ticked that the rate on his $4,713 balance hanging out there on his Countrywide HELOC got jacked up to Prime plus 1/3 of his T12.

Jun 28, 2009 9:59 pm
Gordon Gekko:

Let World Peace with his 6 total posts have fun.  Although when I saw triple A I thought he meant credit rating.

 
 
You know, triple A ball is a bad example.   Those guys cant really make much of a living.
 
Regionals are more like hoops in Europe.  Thats it. 
You can make it in the real NBA show (wirehouse) so you go to Greece (Steifel) or Ubekastand (Jones)and play.   Perfect
 
Jun 28, 2009 10:15 pm
WORLD PEACE:
Gordon Gekko:

Let World Peace with his 6 total posts have fun.  Although when I saw triple A I thought he meant credit rating.

 
 
You know, triple A ball is a bad example.   Those guys cant really make much of a living.
 
Regionals are more like hoops in Europe.  Thats it. 
You can make it in the real NBA show (wirehouse) so you go to Greece (Steifel) or Ubekastand (Jones)and play.   Perfect
 
 
Did you mean "can't" instead of "can"?  And you can't spell Uzbekistan?  Are the wirehouse standards so low?
Jun 29, 2009 7:37 am

World Peace, do you care more about your firm or supporting your family? 

 
I'm asking because I think that based upon your analogy, I must be playing double A ball or playing hoops in the now defunct 6 foot 4 inch and shorter basketball league.
 
However, my "team" pays me 80%+ on GDC, over 100% on insurance sales (no grid + overrides), 401(k), pension, free rent, health insurance, etc, and 4 free trips a year.
 
I could go to the NBA show anytime that I wanted.  Please explain why I would want to have my pay cut in third to do so.
Jun 29, 2009 9:52 am

I think the analogy he makes was true back in the 90s... However with RIAs, larger independents, Wirehouse selling locations to regionals, Stock options being worthless... there is a change..



Like high school kids skipping college to go to get paid in europe instead of not getting paid to play in college.



A better example would be Josh Childress, who played in the NBA(so had the talent to do so) but was offered 3yrs $20million net income(not taxes, and doesn't have to pay for where he lives or what he eats) as opposed to the 5yr $33million gross deal(taxes alone would kill him). Not saying he won't come back, but for now the pay is worth it.

Jun 29, 2009 10:35 am
WORLD PEACE:
Gordon Gekko:

Let World Peace with his 6 total posts have fun.  Although when I saw triple A I thought he meant credit rating.

 
 
You know, triple A ball is a bad example.   Those guys cant really make much of a living.
 
Regionals are more like hoops in Europe.  Thats it. 
You can make it in the real NBA show (wirehouse) so you go to Greece (Steifel) or Ubekastand (Jones)and play.   Perfect
 
 
You mean the "real show" like Merrill or Smith Barney?  Where are they now?  Right, they were soooo successful at playing in the "show" that they had to have some other minor league team pick up all those contracts.  Yeah, that sounds like success to me.  Funny thing about the "show" is the fans.  Seems the fans don't like to watch the show much anymore.  Makes their stomachs hurt to think about paying those high ticket prices to get in, see their wonderful team losing the game, all the while raking in the big bucks for doing it.  Seems they'd rather see what watching AAA or even A ball is like.  Certainly those guys can't perform any worse than the big dogs.  Especially when some of the stars from the big leagues decided to voluntarily move down to AAA ball.  So record numbers of fans are now going to AAA games than the pros.   
 
You guys in pros looked more like the Harlem Globetrotters recently than a really competitive team.  Actually, I gave you too much credit.  The Washington Generals are more appropriate.   
Jun 29, 2009 1:52 pm
Gordon Gekko:

Let World Peace with his 6 total posts have fun.  Although when I saw triple A I thought he meant credit rating.

 
LMAO good one Gordo!
Jun 29, 2009 5:58 pm

I chuckle when I see the CitiMorg commercial that says the two firms came together to solve tough problems or some BS like that. Nothing about Citibank almost going out of business. My regional doesn't have tv commercials but apparently I am not missing out on much.

 
Does anyone else feel dumber every time they visit this chat board?
Jun 30, 2009 1:02 pm

[quote=

 [/quote]
 
You mean the "real show" like Merrill or Smith Barney?  Where are they now?  Right, they were soooo successful at playing in the "show" that they had to have some other minor league team pick up all those contracts.  Yeah, that sounds like success to me.  Funny thing about the "show" is the fans.  Seems the fans don't like to watch the show much anymore.  Makes their stomachs hurt to think about paying those high ticket prices to get in, see their wonderful team losing the game, all the while raking in the big bucks for doing it.  Seems they'd rather see what watching AAA or even A ball is like.  Certainly those guys can't perform any worse than the big dogs.  Especially when some of the stars from the big leagues decided to voluntarily move down to AAA ball.  So record numbers of fans are now going to AAA games than the pros.   
 
You guys in pros looked more like the Harlem Globetrotters recently than a really competitive team.  Actually, I gave you too much credit.  The Washington Generals are more appropriate.    [/quote]
 
Yep.   Even the bigs have some lean times.  
 
1978 NBA finals were not on national TV
 
Then came bird and magic.
 
Look, little regionals are nice.  They fill a need for smaller FA's to survive.  
A place to handle your smallish accounts and do your business.
They make it a nice envirorment for this.
If you do 300k you can feel good about yourself.
All I ask k is that you dont get carried away.
 
(And those peanut accounts need good service also!     Its all good)
 
Just dont think you can take Chris Paul on 1 on 1. 
 
 
 
Jun 30, 2009 2:16 pm

My Regional has about the same avg annual production as Wachovia, and my office has a higher avg prod than my old Wachovia office....I guess all those small accts add up.


 
As someone who has seen both sides I can honestly say that the Wirehouse has nothing different to offer than a good regional, expect extra overhead and BS, no different products and services, no more flexability, no better pricing for clients and no better payout for brokers.
Jun 30, 2009 2:42 pm
nestegg:
...the Wirehouse has nothing different to offer than a good regional, expect extra overhead and BS, no different products and services, no more flexability, no better pricing for clients...
 
And most clients now know this as well.
 
 
Jun 30, 2009 4:16 pm
WORLD PEACE:

[quote=



You mean the "real show" like Merrill or Smith Barney? Where are they now? Right, they were soooo successful at playing in the "show" that they had to have some other minor league team pick up all those contracts. Yeah, that sounds like success to me. Funny thing about the "show" is the fans. Seems the fans don't like to watch the show much anymore. Makes their stomachs hurt to think about paying those high ticket prices to get in, see their wonderful team losing the game, all the while raking in the big bucks for doing it. Seems they'd rather see what watching AAA or even A ball is like. Certainly those guys can't perform any worse than the big dogs. Especially when some of the stars from the big leagues decided to voluntarily move down to AAA ball. So record numbers of fans are now going to AAA games than the pros.



You guys in pros looked more like the Harlem Globetrotters recently than a really competitive team. Actually, I gave you too much credit. The Washington Generals are more appropriate. [/quote]







Yep. Even the bigs have some lean times.



1978 NBA finals were not on national TV



Then came bird and magic.



Look, little regionals are nice. They fill a need for smaller FA's to survive.

A place to handle your smallish accounts and do your business.

They make it a nice envirorment for this.

If you do 300k you can feel good about yourself. [/DI

All I ask k is that you dont get carried away.



(And those peanut accounts need good service also!     Its all good)



Just dont think you can take Chris Paul on 1 on 1.





[/quote]



I just ask that you don't think you can make on your own. You need Mommy and Daddy to make it in the world. I hope they take real good care of you at the wire. Stars are stars no matter where they are. I think it's ok that you need to use someone elses name to be successful. Really it is. Just don't get carried away and think you are good enough to survive without momma bac or daddy mssb to help you.

Jun 30, 2009 4:18 pm
WORLD PEACE:
 
Yep.   Even the bigs have some lean times.  
 
1978 NBA finals were not on national TV
 
Then came bird and magic.
 
Look, little regionals are nice.  They fill a need for smaller FA's to survive.  
A place to handle your smallish accounts and do your business.
They make it a nice envirorment for this.
If you do 300k you can feel good about yourself.
All I ask k is that you dont get carried away.
 
(And those peanut accounts need good service also!     Its all good)
 
Just dont think you can take Chris Paul on 1 on 1. 
 
 
I don't know if you've been paying attention or not, but the Chris Paul's of the investment world don't work for the wires anymore.  Many of them jumped to places like Stifel when the ML ship started to stink.   
 
Your contention that doing $300K at a regional makes you a big hitter is laughable.  That doesn't even get you to Seg 4 with Jones.  I would imagine that it's not all that different at other regionals. 
 
You can keep living in this fantasy world that says the big wirehouses have a competitive advantage over the smaller regionals if you want.  But excuse me if I continue to call you delusional.  Do some research and figure out how many regionals had to get bailed out by the government, a bank, or another brokerage firm to stay alive.  Clients noticed.  Then they acted.  With their feet.  As did a lot of FAs.  And Nero fiddled while Rome burned...