So, What Happens When
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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?
[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.