I know 5 guys that are forming a group and going ind. with RJ.  I left 18 months ago to buy into a small ind. firm.  The largest hitters and their team members will not go anywhere.  It would be dumb for them to move.  I just can’t imagine the top 3 or 4 guys leaving.  They are all over 50 and doing large #'s and have been in that system 20-25 years.  Some of the over 50 gang that are middle of the road producers don’t want to leave either.  I can see some of the younger guys that are not on a team leaving, as they have told me it is just becoming too hard to make a living, and do business the right way.  I had one call me the other day to ask me what being an RIA was like.  He doesn’t even like me that much, but I got the sense he was fishing.

I left last week to a small indy firm also.  And I agree with DixieK9–the larger producers won’t be leaving.  But if you’re a producer under $500k who will be treated like the chaff under new MS management, I think you have to be very carefully looking into your options, NOW.

I left roughly one year ago.  Went indy.  I was at SB for ten years and grew to hate the place.  I am VERY happy with my decision but I did a lot of work in prep to leave. 

Well, I for one, am gone, good by and good riddance…LOS 9, T-12 = 714…

I’m sick of paying all the overhead for the fools in NYC!!! The only thing they’ve done sucessfully is to wreck a once great firm and loose a lot of people money.  C management at both middle and upper level are a joke…GREAT EXAMPLE OF ABLE WEALTH MANAGEMENT!!!

I honestly feel like a sucker for having waited so long to go…

[quote=Bodysurf]I left last week to a small indy firm also.  And I agree with DixieK9–the larger producers won’t be leaving.  But if you’re a producer under $500k who will be treated like the chaff under new MS management, I think you have to be very carefully looking into your options, NOW.
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Sounds like you’ve been talking to a few managers. I’m hearing the same from folks I know. I hear much has already been discussed on conf. calls. Retention will be clear and swift. <$500k unless LOS 2 or 3 or less I hear need to saddle up and ride fast.

C–No longer are they sinking.  They sunk.  It’s great to know all the morons in NY have “or had” a good amount in C stock.  You get what you deserve.  You treat people like garbage…like disposable assets, make poor strategic decisions time and time again and