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Jan 20, 2005 9:56 pm

Can anyone tell me what they know about Wachovie FiNet? Good, bad? Anything. Thanks. Fenderbroker

Jan 25, 2005 11:15 pm

I've been there for over a year now, and it is everything they tell you it is.  The only thing that caught me off guard is the amount of compliance stuff, but after a few months, you get the hang of it...

its a great decision for my practice...

Feb 4, 2005 9:48 am

I’ve heard that you need a pretty big book just to get in the door with any respectable treatment at Wach.  Is that true?  I have about $10 million under management, but only about half of that would wind up coming with me when I move from my current place.

Feb 4, 2005 10:19 am

I doubt you’d get much repect anywhere with a $5M book.  I don’t know your situation, but the standard line here is that you should build your business some more before making a move. 

Feb 4, 2005 10:43 pm

I wouldn’t exactly call a 10M book a large one… A nice start maybe.

Feb 5, 2005 2:44 pm

If you are not hitting $250K gross, then don't even think of the term Finet or Indy for that matter.

Jun 7, 2005 3:03 pm

Does anyone know the type of product offerings that Wachovia gives its brokers?  Is it similar (money managers, etc) to SSB and MSWD?

Jun 9, 2005 4:44 pm

All the Wachovia chanels have just as many if not more money managers, managed programs no load funds.  Nice comp plan if you do a decent gross.

Jun 9, 2005 11:20 pm

get at least 30m in assets and 300k before you move.