Bac
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[quote=whalehunter]How do you see the #'s?[/quote]
My region emails them to all the FAs - she's right. 200 over 100.
yep they may have 200 over 100 but remember jan is when fee based is paid for the whole QTR. most firms pay monthly
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If you look at the monthly numbers of some of those brokers over $100K, you'll see that they'll do $10K in Feb. and March.
[quote=badmove?]so they only annualize @ 440k....that's pathetic.[/quote] Just curious why is 440K GDC "pathetic"? I think most would be happy with that kind of production.
scrim
badmove bac has around 2300 producers. only 2-300 will do over 440.
BAI has just over 1800 FA's with the plan to keep the number there. MD's can only recruit to fill in for losses, either termed or recruited away.
I thought mgmt had a headcount goal? Did that change?
So your saying they want to keep the headcount where it is now?
[quote=overhead]
badmove bac has around 2300 producers. only 2-300 will do over 440.
BAI has just over 1800 FA's with the plan to keep the number there. MD's can only recruit to fill in for losses, either termed or recruited away.
[/quote]
It is not that they CAN'T hire except to fill vacancies. The goal is to maintain headcount. That being said, if a manager finds good hires, they CAN add headcount.
There is no focus on growing the brokerage unit - However there is a goal on growing the Premier side. BAC does not care about brokerage! They care only about the bank side.
[quote=nope]There is no focus on growing the brokerage unit - However
there is a goal on growing the Premier side. BAC does not care
about brokerage! They care only about the bank side.[/quote]
Funny that a company called “Bank of America” would care so much about banking.