How much until you're a BSD?
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What’s with the childish forum ID?
Depends on the firm.
It's $2MM at Bear Stearns, a little higher at LEHman, and even higher at Goldie Lox.
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.
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.
[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.
[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?
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.
I was referencing the original poster. He has many threads going where he has referenced the BSD idea.
It stands for big swinging d***. The dude that started the thread is obsessed with becoming one.
[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?