How much until you're a BSD?

Sep 28, 2006 1:32 pm

What’s with the childish forum ID?

Sep 28, 2006 1:39 pm

Depends on the firm.

It's $2MM at Bear Stearns, a little higher at LEHman, and even higher at Goldie Lox.

Sep 28, 2006 1:49 pm

A well adjusted human being who puts his or her clients’ interests above his “BSD” status.  The “BSD” just happens to take care of itself.

Sep 28, 2006 2:00 pm

Are you Bob from the Enzyte Commercial?

Sep 28, 2006 2:18 pm

On the BSD stuff at Bear, the reason I know is I once asked what the dif was between a managing director and senior managing director in private client.

Reply: $1MM more in gross annual production.

Sep 28, 2006 2:30 pm

[quote=Soothsayer]A well adjusted human being who puts his or her clients' interests above his "BSD" status.  The "BSD" just happens to take care of itself.[/quote]

Well said. 

Sep 28, 2006 2:33 pm

[quote=ymh_ymh_ymh]

Depends on the firm.

It's $2MM at Bear Stearns, a little higher at LEHman, and even higher at Goldie Lox.

[/quote]

The same holds true wherever you are.  The wirehouses really have a natural affinity to the $1MM producers, while Bear, Lehman, Goldman, etc. are higher still.

If you are at a lower-tier firm (when it comes to production standards) - ie., Ameriprise, EDJ, and some of the regionals, this number could vary from $300k-500k.  Simply will depend on the company. 

Many FAs have their credentials listed on their business cards - CFP, CPA, CFA, etc - will you have BSD since you seem to be obsessed with that acronym? 

Sep 28, 2006 3:58 pm

Hey, I didn't start the BSD question, was just replying to it and telling the guy/gal who did what the criteria was at Bear for MD and SMD.

Sep 28, 2006 4:04 pm

I was referencing the original poster.  He has many threads going where he has referenced the BSD idea.

Sep 28, 2006 4:45 pm

Sorry, thought you meant me. I only post under this ID.

Sep 28, 2006 5:17 pm

No problem. 

Sep 28, 2006 6:30 pm

What’s a ‘BSD’?  Some kind of director position I assume?

Sep 28, 2006 6:39 pm

It stands for big swinging d***.  The dude that started the thread is obsessed with becoming one.

Sep 28, 2006 6:44 pm

You’re born with one.  It’s a gift.

Sep 28, 2006 7:53 pm

[quote=BrokerRecruit]It stands for big swinging d***.  The dude that started the thread is obsessed with becoming one.[/quote]

I hope that's what he tells his prospects.

Where do these idiots come from anyway?

Sep 28, 2006 7:55 pm

Isn't that a term from "The Boiler Room"? 

My God kid........wake up.