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Any fc's from RBC?

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Sep 30, 2008 12:13 am

They’ve called on me in the past (actually Ferris Baker Watts did) and now with the Wachovia debacle I am looking at options. Any input on the firm would be helpful, especially regarding their exposure to mortgage asbestos or any other financial wizardry that could screw them over down the road.

Sep 30, 2008 12:27 am

Yeah.  RBC is a very solid company with very little exposure to bad assets.  They are AAA rated, not sure how far that goes anymore. 

We recently moved and I have been very pleased.  They also have a great product line and back office support.   PM me if you have specific questions.
Sep 30, 2008 12:45 am

I just did, thanks ahead of time for your input!

Sep 30, 2008 4:56 am

I left them 9 years ago to go indy & it was the best decision of my life… PM me if you’d like.

Sep 30, 2008 3:46 pm
OldLady:

I left them 9 years ago to go indy & it was the best decision of my life… PM me if you’d like.

  You can be indy and use RBC.  Just not the Dain side. 
Sep 30, 2008 3:50 pm

Snags - yes, that was an option.  But I will tell you that their indy side didn’t even come close to providing what I was able to get from a BD that focused solely on independents! 

Sep 30, 2008 3:54 pm
OldLady:

Snags - yes, that was an option.  But I will tell you that their indy side didn’t even come close to providing what I was able to get from a BD that focused solely on independents! 

  I understand exactly what you are saying, we just clear through them.  Our BD is a great independent BD as well.
Nov 3, 2008 5:58 pm

If anyone works there or is looking, how does the grid compare to Wachovia Securities’ “New & Improved” grid?

  Most places seem to have a "you get shafted if you have an awful month but above that number (8k, 10k, whatever) we'll pay you a bundle" policy.