Wells/wachovia

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Jan 29, 2009 7:41 pm

Have been watching this forum for a couple of weeks,amazed at many of the personal attacks, many of you need to grow up. I have been in this business for more than 30 years and still do well over 1mill. in production. This firm is most certainly being shopped, have heard from a good source that Warren Buffet had been contacted, UBS maybe. Ludeman is not much of a leader and I am sure Wells is not to impressed I believe Wells was forced to take the firm by the Fed to get Citi out of the running initially. Wells has taken over ISG and really doesn't want the retail side. It will be sold, problem is more and more brokers are leaving every day, therefore the value continues to decline, not really our problem except that this firm could fold right before our eyes, could be pure hell trying to get acats out. Something to ponder.

Jan 29, 2009 7:43 pm

Warren Buffet LOL!!

Jan 29, 2009 7:48 pm

Read well over as in 1.7mill

Jan 29, 2009 7:48 pm
Ferris Bueller:

30 years to get to 1M in production? Talk about pacing yourself.

 
 "have been in this business for more than 30 years and still do well over 1mill"
 
Think you misunderstood..sounds to me like he came out like a rocket and and has dropping but still putting up the rips!!
Jan 29, 2009 8:32 pm

Ferris, you are such a jerk - there is quite probably merit in what Maxter thinks

Jan 29, 2009 8:39 pm

do think if nothing is said by the end of next week on name/retention that he is right about trying to shop it. Would think even the believers on here will really have to start to wonder whats up?

Jan 29, 2009 8:47 pm

How is it in reg rep land, everyone is a million + dollar producer?  We have 30 producers in our office and not 1 million dollar man.  1 is in striking distance and 1 is another buck off.  What are the statistical odds that all the million doller men post here?  I would think it would have to be in  the millions since the national average income of a stock broker / financial planner is between 60 & 70 k per year.......Hmmmmmmmmmmmm........  Kinda looks like Al Gores fuzzy math....

Jan 29, 2009 8:53 pm

Well Bud it is true.  I am also a multimillion dollar producer just keeping up on the news.  I would like to know where the rumer got started that UBS has some big announcment  on Friday? 

Jan 29, 2009 8:55 pm

Don't forget Mr. Buffet, is I think, one of largest shareholders of Wells, probably only reasonable that Wells would at least talk to him about sale, spin off etc. I would tend to agree LOL, however we are in very strange times.

Jan 29, 2009 8:57 pm

Thanks for your approval I really needed that.

Jan 29, 2009 9:00 pm
Bud Fox:

How is it in reg rep land, everyone is a million + dollar producer?  We have 30 producers in our office and not 1 million dollar man.  1 is in striking distance and 1 is another buck off.  What are the statistical odds that all the million doller men post here?  I would think it would have to be in  the millions since the national average income of a stock broker / financial planner is between 60 & 70 k per year.......Hmmmmmmmmmmmm........  Kinda looks like Al Gores fuzzy math....




And why is it that all of these million + dollar producers always feel compelled to tell all of us lowly average producers that they are "million + dollar" producers. It's as though they wear that production as if it's some badge of honor.
Jan 29, 2009 9:00 pm

 No Problem Maxter, got your back!!

Jan 29, 2009 9:06 pm
Registered Rep:
Bud Fox:

How is it in reg rep land, everyone is a million + dollar producer?  We have 30 producers in our office and not 1 million dollar man.  1 is in striking distance and 1 is another buck off.  What are the statistical odds that all the million doller men post here?  I would think it would have to be in  the millions since the national average income of a stock broker / financial planner is between 60 & 70 k per year.......Hmmmmmmmmmmmm........  Kinda looks like Al Gores fuzzy math....




And why is it that all of these million + dollar producers always feel compelled to tell all of us lowly average producers that they are "million + dollar" producers. It's as though they wear that production as if it's some badge of honor.
 
Knew a manager and he would always talk about his old brokers he had under him in the past..he would always mention their gross (assume the high water mark gross) before telling me about the broker..and he only knew guys above a million it seemed.  Kind of goes with what your saying, I almost think some of these guys should legally change their name to their gross.  Wonder if their kids call these guys "Dad" or "1.3 million can we go to the movies this weekend?"  It is sad, but at the same time its hillarious.
Jan 29, 2009 9:11 pm
Bud Fox:

How is it in reg rep land, everyone is a million + dollar producer?  We have 30 producers in our office and not 1 million dollar man.  1 is in striking distance and 1 is another buck off.  What are the statistical odds that all the million doller men post here?  I would think it would have to be in  the millions since the national average income of a stock broker / financial planner is between 60 & 70 k per year.......Hmmmmmmmmmmmm........  Kinda looks like Al Gores fuzzy math....



LOL!

WS office of 45 and we had 7 over 1 Million of those 2 over 2 Million, plus one of these is up 15% over 12 mo average so far this year. They are not that rare at WS.

Jan 29, 2009 10:40 pm

1 million

is 1 million

again

i think (like pre 1995 and then again 2002)

Jan 29, 2009 10:42 pm

and Max



Danny is the GREATEST ally to independent brokers EVER.

i root for the guy big time

he didnt create all this crap

30 plus years in the biz and u dis DL?    ur just plain STUPID

Jan 31, 2009 5:43 pm

Danny is the man

the universal bank model has been a huge success
Go  Danny
desk does not mark up bonds
I love Danny
Scale and Scope
Trust Danny
Retention is next week
Danny is your best friend