I have heard about this, but where was Tad when he was next in line to run the company before Bagby took over?? My understanding is he didn’t have the capability to run the company.

1st office just jumped to Tad’s new place yesterday…a Missouri office

I believe.

Springfield MO lost their top 2 producers.  One over a million, not sure where the other FA fell in production, but he was #2.

I have not heard about the “buy in” but I did hear there is no signing bonus and they will consider giving you equity in the new company as a partner.

Well, if the new firm is selective, they can become a nice fit for $500M and above producers.  Again, if they want to seperate themselves from EDJ and Stifel, that would be the route I would go.   I hear there is more top producers (AGE Legacy) on the way to the new firm.  If they get the qaulity they got in Springfield MO, they might get some traction.

That is great I hope Tad does well!

I am AGE legacy and can confirm that Tad is not a leader. There is no doubt that Bagby ran him out of his position, but that was only due to Tad’s inability to manage and show true leadership. Once Bagby took over it was obvious that AG was on the selling block. If you review Tad’s Bio you will see that his claim to fame is being a “lucky sperm”. I am not faulting him for his legacy only for his inabilty to pick up the pieces after Ben left.

Tad looks pretty good now. Say what you want about his leadership back then but if you thought  Bagby was the guy to run the show you were sold out. Tad would not have done that. Tad is older and wiser as we all are.  Look at the employee roster of his new firm and you will see some talented people that you knew in another life.

I am AGE legacy and can confirm that Tad is not a leader. There is no doubt that Bagby ran him out of his position, but that was only due to Tad’s inability to manage and show true leadership. Once Bagby took over it was obvious that AG was on the selling block. If you review Tad’s Bio you will see that his claim to fame is being a “lucky sperm”. I am not faulting him for his legacy only for his inabilty to pick up the pieces after Ben left.

A 13…not a leader…let me ask u…can u start a firm from scratch

and draw those types of folks…I’ll ask another question…can Bagby do what Tad just did…say what u want that takes alot of perseverance

and work…good luck to the Edwards family…they are very fine people…my guess is before the yr is out they will have a half dozen branches or more

Heard you can buy equity and there is a comp pkg.  Good luck Tad!

A brokerage with a familiar sounding name is opening in Clayton.

Benjamin “Tad” Edwards IV launched Benjamin F. Edwards & Co. on March 17, a day after receiving an approval from the Financial Industry Regulatory Authority (FINRA), a non-governmental regulator for securities firms.

Edwards is the son of former A.G. Edwards Inc. chairman and CEO Ben Edwards III, who retired from the investment business prior to its 2007 sale to Wachovia. Tad Edwards stayed with the company until last May when he resigned.

His new business is at 10 S. Brentwood Blvd., near the corner of Brentwood and Forsyth boulevards. Joining Edwards are at least three others: Cindy Becker, Allen Cole and Kurt Longworth.

Becker formerly worked for Edward Jones and, in years prior, worked for A.G. Edwards. Cole was with Wachovia in St. Louis until last October, and Longworth was with A.G. Edwards until March 2007, FINRA records show.

“There will be additional people,” Edwards said. He declined to elaborate on the new venture, in part because it awaits approvals from other regulators, including the Missouri Division of Securities. A spokesperson for the division of securities could not be reached for comment.

Missouri Secretary of State records show Benjamin F. Edwards Co. Inc. applied for recognition as a new corporation Aug. 19, 2008, and filed an annual report with the secretary of state’s office Nov. 25, 2008. The annual report lists Edwards, Becker and Longworth as directors and officers.

Benjamin F. Edwards & Co.’s Web site lists eight additional positions that it expects to fill once it receives all its necessary licenses

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I had heard they were actually asking people to pay to join them.  To buy into the firm–I guess to help get it going.  Can anyone confirm if this is true.  I was told this by a 25 year AGE vet who went to a meeting about Tad’s firm.

I heard he was going to open an office in California but had bigger fish to fry in New York. A quick look at the website shows Bill Forrester as a regional manager. He grew and ran the biggest office in the firm. Nice hire Tad.

It was a shame to see A.G. Edwards go. I hope the best for Tad.

Any word on plans for Texas?  I have been miserable for the last two years, and now it feels like I can finally go home.  I hired in under Ben, and was honored to know both him and Tad.  I would pay in a hearbeat to work for Benjamin F Edwards.

Call 314-726-1600 and talk to Tad, Marty Altenberger or Kurt Longworth.  You'll be happy you did.  Go sit with them in St. Louis.  You'll swear you were back at AGE!

A.G Edward reps did get screwed and they do deserve a chance to get away from that piece of $#!T firm that bought them.

Thanks - I called today.  My T12 isn’t quite enough by myself, but I spent the afternoon calling my friends to try to get a group together.  We are in North Dallas if anyone wants to join in our branch.