Some BAC brokers quitting tomorrow
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[quote=NASD Newbie][quote=babbling looney][quote=NASD Newbie]
If it's not right for you, then why is it right for anybody else?
[/quote]
The same reason you don't wear the same shoes as I do.
[/quote]
Nah, it's a sign of insecurity with his own decision--coupled with the desire to never actually make a categorical statement.
[/quote]I can't agree with you there, Newbie. Everybody has different needs, work styles and expectations. Some people are best suited to independant practice, others are best suited to wirehouses, regionals or banks. And some simply aren't cut out for this business.
Besides, you'd look pretty silly wearing Babbling Loony's shoes.
[quote=NASD Newbie]
Why should we not be 100% behind our own decision?
[/quote]
Where did he every suggest that he wasn't 100% behind his decison made for himself, with his likes and dislikes in mind?
[quote=NASD Newbie][quote=babbling looney][quote=NASD Newbie]
[quote=joedabrkr]
Stupid bureaucratic crap. That's why I could never work at a bank.
Hey don't get me wrong...not meaning to take a cheap shot at those of you who do...it's just not for me.
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//–> [/quote]
If it's not right for you, then why is it right for anybody else?
[/quote]
The same reason you don't wear the same shoes as I do.
[/quote]
Nah, it's a sign of insecurity with his own decision--coupled with the desire to never actually make a categorical statement.
Classic Seinfeld, "Not that there's anything wrong with that."
Why should we not be 100% behind our own decision?
Did you "settle" for what you're doing--or do you know it is the absolute best approach. If it's the absolute best approach why would you not be behind it under all conditions?
[/quote]I have absolutely NO inescurity about the decision I've made. I'm completely happy with it.
You are correct that I'm not one to make sweeping generalizations(unlike yourself). I think that tendency is a sign of ignorance in an otherwise intelligent person.
Some are willing to put up with the b.s. in a bank platform(frequent meetings, tinkering with payouts, inept management, etc) in order to get access to clients of the bank. Not me. I simply don't have the patience to put up with it.
Different strokes for different folks. I'm satisfied with the path I've chosen. For others it might be a little too intimidating.
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Some are willing to put up with the b.s. in a bank platform(frequent meetings, tinkering with payouts, inept management, etc)
If you didn’t have these problems do you believe the bank is the best place to be?
No meetings, locked in payout, hands off mgmt, free to come and go, etc
[quote=bankrep1]Some are willing to put up with the b.s. in a bank platform(frequent meetings, tinkering with payouts, inept management, etc)
If you didn't have these problems do you believe the bank is the best place to be?
No meetings, locked in payout, hands off mgmt, free to come and go, etc[/quote]
Yes, banks are great places to get in front of a lot of prospects with virtually no effort on your part.
Having been there and said that, the above hypothetical is just too unimaginable to comment on. It's like saying, "If Hell had central air and satellite TV would you consider going there?"
[quote=Indyone]
[quote=bankrep1]Some are willing to put up with the b.s. in a bank platform(frequent meetings, tinkering with payouts, inept management, etc)
If you didn’t have these problems do you believe the bank is the best place to be?
No meetings, locked in payout, hands off mgmt, free to come and go, etc[/quote]
Yes, banks are great places to get in front of a lot of prospects with virtually no effort on your part.
Having been there and said that, the above hypothetical is just too unimaginable to comment on. It's like saying, "If Hell had central air and satellite TV would you consider going there?"
[/quote]Hear here!
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A decent broker finally left the pack here at BAC in the southeast. He went indy. We’ll see how many follow suit.
[quote=ezmoney]A decent broker finally left the pack here at BAC in the southeast. He went indy. We'll see how many follow suit.[/quote]
Two questions;
1) If he's left, why not tell us who and where...
2) If you still remain, with all the problems you see there, does that mean you're not a "decent broker"?
[quote=Biasedrecruiter]Another leaving this Fri. for UBS $500K Trailing 12[/quote]
Moving from BAC to UBS?
That’s like going from the frying pan to the smoking embers…
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[quote=ezmoney]yes, but biase gets paid.[/quote]
No; I do not get paid!! UBS is not my client. LOST ANOTHER ONE TO THEM.
Worst part was listening to the candidate for what seemed like an hour telling me the reasons for the choice of UBS over Smith Barney
Does anyone believe they are gearing up to sell the U.S. brokerage unit? I understand is is not very profitable.
[quote=BrokerRecruit]who is selling what?[/quote]
Is UBS gearing up to sell the U.S. brokerage division?
[quote=Biasedrecruiter]
[quote=ezmoney]yes, but biase gets paid.[/quote]
No; I do not get paid!! UBS is not my client. LOST ANOTHER ONE TO THEM.
Worst part was listening to the candidate for what seemed like an hour telling me the reasons for the choice of UBS over Smith Barney
Does anyone believe they are gearing up to sell the U.S. brokerage unit? I understand is is not very profitable.
[/quote]I find that lacking in credibility-
1.) Moving into the US was a major strategic move for them. It's a huge market for them and they wanted in.
2.) With all the cost-cutting moves they made after acquiring PaineWebber, I find it difficult to believe that they are not profitable. Perhaps not as profitable(relative to invested assets) as the Swiss would like, but profitable nonetheless.
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I think they’re positioned well in the US. Plus the acquisition of Piper would be a huge loss if they sold out now as I’m sure they would net much less than they paid for them.
[quote=BrokerRecruit]I think they're positioned well in the US. Plus the acquisition of Piper would be a huge loss if they sold out now as I'm sure they would net much less than they paid for them. [/quote]
Has anyone here reviewed their 10K?