Janney Montgomery fallout?
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Sep 18, 2006 5:01 pm
I've heard some things that this is happening. FA's are flying the coup. Any first hand info?
The 3 people I know there are extremely happy, decent payout, hands off mgmt and the ability to focus on whatever biz mix you want.
JMS is a company in transition. Management keeps cutting payouts to keep their bosses at Penn Mutual happy. Local management is extremely inconsistant. I know of three producers who quit because of the BS. One walked out on a long term deal in year two. Enough is enough.
I know about a dozen current JMS brokers. None is happy. I'd pass on them for now.
I know a few in the NE who bailed PRUSec/Wachovia for Janney. Will ask them and get back to you in a day or two.