So, What Happens When
I've never worked for a B/D during a buyout, so I was just wondering...
With the AGE / Wachovia future convergence, what might happen when a broker from each firm has the same client? Say brokers in the same city? Or brokers in different states, but with the same client?
It happens all the time. The client chooses… are doesn’t!
[quote=Ashland] It happens all the time. The client chooses… are doesn’t!
[/quote]
What on earth does that mean?
When I worked at AGE there were clients that actually had 2 brokers in the same office for different accounts. <!–
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[quote=Philo Kvetch] [quote=Ashland] It happens all the time. The client chooses… are doesn’t!
[/quote]
What on earth does that mean?[/quote]
Meant ‘or doesn’t’. The client can choose to change to just one rep or he/she doesn’t have to. Many clients want two or more reps because they want a diversity of ideas, or want someone to manage to a specific goal.
Weird. Most firms have a non compete agreement among advisors meaning you cannot prospect another co workers clients.
I would think if you did not have that it would make for a ruthless office atmosphere.
the overlap issue of clients with accounts at both firms could get sticky
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