the most disappointing thing about this forum is people like you.  Listen, I have a family and would not be wasting my time spreading lies.  Get a life. 

[quote=bigboy]the most disappointing thing about this forum is people like you.  Listen, I have a family and would not be wasting my time spreading lies.  Get a life. 

Just because your wife is size XXX doesn’t mean everyone else’s wife is large.

[quote=bigboy]the most disappointing thing about this forum is people like you.  Listen, I have a family and would not be wasting my time spreading lies.  Get a life. 

You gonna let him talk about your wife like that bigboy?

I think someone should put their tootsie roll in a keyhole (i’m sure it will fit) and let some EIA annuity wholesalers play with it.

The truth is they ML is firing 1000 POA/PMDs.  My branch told all but one  of us on Friday that we are offically gone on Feb. 6th and to go home and look for a new job and get paid untill then.  A medium broker left Thurday night and forced managment to tell us early becuse they could not reasign us any accounts.  The official day for all the firings is Feb 6th.  After we left they had a second meeting explaing why they had to send us out early.  They should not distibute our accounts untill Feb 6th.  I dont know what they would be able to tell my clients before then.  I am not fired and I have not resigned yet.  My e-mail, mobile terminal and voice mail still work.

We have a POA/PMD meeting this week. At this point, I have convinced myself that it is time to move on, regardless of their decision. Prospecting for this firm has become tedious, and that’s putting it nicely.



Merrill’s reputation is beyond the point of repair, especially in the short term. For POA’s, timing is everything. Now I don’t care when or if they are able to rebuild that reputation. I will choose to grow my business elsewhere.



Thanks for all the training, ML. Hopefully I won’t have to reveal where I was trained as I gather assets somewhere else…LOL



Premiere wealth management business? I think not.

I am a PMD for ML as well. I heard that you can get the axe at any time between now and Feb. 6. It's disappointing to know that I am well ahead of my goals and they are putting me on the street anyway. My manager has basically stopped speaking to me over the last week. If that's not a slap in the face, then I don't know what is. I was also told by one of my coaches at the beginning of the week that they are not going to use anymore resources or put anymore energy into PMD/POA's.

[quote=MacPhisto]

I am a PMD for ML as well. I heard that you can get the axe at any time between now and Feb. 6. It’s disappointing to know that I am well ahead of my goals and they are putting me on the street anyway. My manager has basically stopped speaking to me over the last week. If that’s not a slap in the face, then I don’t know what is. I was also told by one of my coaches at the beginning of the week that they are not going to use anymore resources or put anymore energy into PMD/POA’s.

Good luck to all of those ML POA/PMDers who are getting their walking papers.  View this as an opportunity.  If you were bringing in assets and those assets will follow you, find another company or go indy.

–WM

No I was an assistant at SB for 3 years and have been in ML’s program for 6 mos.

I went to MS on Friday and it has been great.  I was hired under the POA program and now I am in the MS program.  I got a nice sign on bonus and they have been extremely helpful.  Best part is, ML is running such a skeleton crew, they havent contacted one of my clients yet.  If you have a chance, I would reach out to MS.

I went to MS on Friday and it has been great.  I was hired under the POA program and now I am in the MS program.  I got a nice sign on bonus and they have been extremely helpful.  Best part is, ML is running such a skeleton crew, they havent contacted one of my clients yet.  If you have a chance, I would reach out to MS.

I’m not sure I agree.  My payout is locked in for several years and MS is an easy sell right now against the disgrace that is ML.

I’m not sure I agree.  My payout is locked in for several years and MS is an easy sell right now against the disgrace that is ML.

I go to the office every day not knowing whats next, I think anyone under 500K could be cut at any time. These are bankers were dealing with, not a brokerage firm. They don’t understand thats a good producer.

[quote=kappa1997]I go to the office every day not knowing whats next, I think anyone under 500K could be cut at any time. These are bankers were dealing with, not a brokerage firm. They don’t understand thats a good producer.[/quote]
Well said. Thats the whole crux of the problem. Bankers.
Its Bankers that took down WS and SB. Now they are taking down ML

Can someone who has been informed that on FEB 6, ML trainees will get cut, why in the world would you want to continue to go to work and stare at your computer and act like you still work there? What kind of contact can you have with clients and when would your accounts be reassigned to senior FAs?

They are full of it.  You have 75% chance of being on the list and cut. They say anyone who has missed 50% of their hurdels is gone but they have axed people who have just begun and people that have met every goal.

[quote=nyhavn17]

Can someone who has been informed that on FEB 6, ML trainees will get cut, why in the world would you want to continue to go to work and stare at your computer and act like you still work there? What kind of contact can you have with clients and when would your accounts be reassigned to senior FAs?