WFA doing away with BOM's in small offices

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Oct 25, 2009 4:27 pm

Anyone else hear anything about this?  I heard that in smaller offices they were going to branch supervisors.

Oct 25, 2009 4:33 pm

It's called a hub or CSU (central Supervisory Unit) but, there are still BOM's in the branch, they just don't have as much compliance issues to deal with.  Most of the supervisory stuff is done out of the hub.

Oct 25, 2009 5:56 pm
AGEMAN:

Anyone else hear anything about this?  I heard that in smaller offices they were going to branch supervisors.

 
Not to be redundant with the above post but yes, this is true in my complex. The full implementation of it was centralization. Got to hand it to the folks who bring in no business to make it appear like they are indispensable.
Oct 26, 2009 6:40 pm
shredder:

It's called a hub or CSU (central Supervisory Unit) but, there are still BOM's in the branch, they just don't have as much compliance issues to deal with.  Most of the supervisory stuff is done out of the hub.



Its either a market or complex depending on state. Ops.run from central HUB staffed with Admin. ,Operation managers and several liaisons and ops. specialists. They handle all the markets operations. CSU is the Central Supervision Unit. They handle looking at the dauly trade blotter, Annuity approval and pass daily compliance questions to the Admin, manager or Market/Complex manager.

Oct 26, 2009 7:53 pm

They are actually closing down some offices all together in my old region....

Oct 26, 2009 9:34 pm

Closing the offices, advisors are forced to move to other offices in the area...I assume all will be invited to move....maybe not...

Oct 26, 2009 9:43 pm

heard the same sort of thing may happen at u and us