Gaddock:

[quote=Redpen]Gaddock,  I would have responded sooner but I was busy f**king myself. You leaving out that you are on a different payout is material. Sounds like from your numbers that you so proudly hail , that you might make it. You are coming in to the business at great time. Learn all you can and don’t be so sure that you know so much.

  I made one simple accurate statement. The fact that it seems to stimulate you in some sort of negative way is your issue not mine. Yes I am proud of the success I've had from starting out with nothing but 25000+ cold calls.   Sour Grapes??????????   [/quote]    Wow, I had no idea. I apologize. I admire what you have done.

Delusional…Correct me if I am wrong, but didn’t DL seek out Wheat First’s merger with Wachovia? He wanted to be a banker.



WFC bought WB at a fire sale. WFC got WB’s share of Wachovia Securities (I think WB owned about 65% give or take) for a grand total of zero. What do you think the combined market cap of all the regionals that were bought by DL would be if they were still independent?? I don’t know of a single person who has done more damage to the independent regional brokerage model then DL. He has been touting scale, scope and the universal bank model for years, and he has been dead wrong. His vision has cost shareholders and the employees that worked for regional brokerage firms 10’S OF BILLIONS. WS offers nothing to it’s customer or employees that you can’t get at any regional firm, except higher fees, more haircuts, and more BS. Wachovia Securities and UBS were probably the two biggest payers of upfront money, and now both of them have imploded. Crappy firms have to pay the biggest up front, because that is the only reason somebody would go work there. That model doesn’t work.



Dl didn’t build a brokerage firm, he bought one. It take a differrent kind of leader to grow a business organically then to build one through nonstop mergers. [/quote]



You AGE guys are such a bunch of whinning pussies.   OK, you got a terrible deal by getting bought out by WS-no doubt. These are some CRAP times.    But guess what, you have options to change this…   Why dont you grab some balls and LEAVE instead of posting on here over and over how much you hate it and how screwed you got?

If you dont have the book or the nads to bolt then just STFU. Thats YOUR fault, not DL or WS.    You guys go on and on like a bunch of GD women. DL did this, WS did this, AGE was so great.

MAN UP or go back in your hole and take your medicine.

[quote=S&P low 666]

Delusional…Correct me if I am wrong, but didn’t DL seek out Wheat First’s merger with Wachovia?  He wanted to be a banker. 

 

WFC bought WB at a fire sale.  WFC got WB’s share of Wachovia Securities (I think WB owned about 65% give or take) for a grand total of zero.  What do you think the combined market cap of all the regionals that were bought by DL would be if they were still independent??  I don’t know of a single person who has done more damage to the independent regional brokerage model then DL.  He has been touting scale, scope and the universal bank model for years, and he has been dead wrong.  His vision has cost shareholders and the employees that worked for regional brokerage firms 10’S OF BILLIONS.  WS offers nothing to it’s customer or employees that you can’t get at any regional firm, except higher fees, more haircuts, and more BS.  Wachovia Securities and UBS were probably the two biggest payers of upfront money, and now both of them have imploded.  Crappy firms have to pay the biggest up front, because that is the only reason somebody would go work there.  That model doesn’t work. 

 

Dl didn’t build a brokerage firm, he bought one.  It take a differrent kind of leader to grow a business organically  then to build one through nonstop mergers.  [/quote]



You AGE guys are such a bunch of whinning pussies.   OK, you got a terrible deal by getting bought out by WS-no doubt. These are some CRAP times.    But guess what, you have options to change this…   Why dont you grab some balls and LEAVE instead of posting on here over and over how much you hate it and how screwed you got?

If you dont have the book or the nads to bolt then just STFU. Thats YOUR fault, not DL or WS.    You guys go on and on like a bunch of GD women. DL did this, WS did this, AGE was so great.

MAN UP or go back in your hole and take your medicine. [/quote]

[quote=S&P low 666]

Delusional...Correct me if I am wrong, but didn't DL seek out Wheat First's merger with Wachovia?  He wanted to be a banker. 
 
WFC bought WB at a fire sale.  WFC got WB's share of Wachovia Securities (I think WB owned about 65% give or take) for a grand total of zero.  What do you think the combined market cap of all the regionals that were bought by DL would be if they were still independent??  I don't know of a single person who has done more damage to the independent regional brokerage model then DL.  He has been touting scale, scope and the universal bank model for years, and he has been dead wrong.  His vision has cost shareholders and the employees that worked for regional brokerage firms 10'S OF BILLIONS.  WS offers nothing to it's customer or employees that you can't get at any regional firm, except higher fees, more haircuts, and more BS.  Wachovia Securities and UBS were probably the two biggest payers of upfront money, and now both of them have imploded.  Crappy firms have to pay the biggest up front, because that is the only reason somebody would go work there.  That model doesn't work. 
 
Dl didn't build a brokerage firm, he bought one.  It take a differrent kind of leader to grow a business organically  then to build one through nonstop mergers.  [/quote]

You AGE guys are such a bunch of whinning pussies.   OK, you got a terrible deal by getting bought out by WS-no doubt. These are some CRAP times.    But guess what, you have options to change this........   Why dont you grab some balls and LEAVE instead of posting on here over and over how much you hate it and how screwed you got?
If you dont have the book or the nads to bolt then just STFU. Thats YOUR fault, not DL or WS.    You guys go on and on like a bunch of GD women. DL did this, WS did this, AGE was so great.
MAN UP or go back in your hole and take your medicine. [/quote]   This issue has nothing to do with me personally, I have not been at AGE in years.  It is a critic of DL's univeral bank model.  I find it interesting that you guys result to personal attacks but don't seem anxious to debate the facts.  Do you want to have a debate of the facts?  Let's start with WB's stock price.  

[quote=S&P low 666]

Delusional...Correct me if I am wrong, but didn't DL seek out Wheat First's merger with Wachovia?  He wanted to be a banker. 
 
WFC bought WB at a fire sale.  WFC got WB's share of Wachovia Securities (I think WB owned about 65% give or take) for a grand total of zero.  What do you think the combined market cap of all the regionals that were bought by DL would be if they were still independent??  I don't know of a single person who has done more damage to the independent regional brokerage model then DL.  He has been touting scale, scope and the universal bank model for years, and he has been dead wrong.  His vision has cost shareholders and the employees that worked for regional brokerage firms 10'S OF BILLIONS.  WS offers nothing to it's customer or employees that you can't get at any regional firm, except higher fees, more haircuts, and more BS.  Wachovia Securities and UBS were probably the two biggest payers of upfront money, and now both of them have imploded.  Crappy firms have to pay the biggest up front, because that is the only reason somebody would go work there.  That model doesn't work. 
 
Dl didn't build a brokerage firm, he bought one.  It take a differrent kind of leader to grow a business organically  then to build one through nonstop mergers.  [/quote]

You AGE guys are such a bunch of whinning pussies.   OK, you got a terrible deal by getting bought out by WS-no doubt. These are some CRAP times.    But guess what, you have options to change this........   Why dont you grab some balls and LEAVE instead of posting on here over and over how much you hate it and how screwed you got?
If you dont have the book or the nads to bolt then just STFU. Thats YOUR fault, not DL or WS.    You guys go on and on like a bunch of GD women. DL did this, WS did this, AGE was so great.
MAN UP or go back in your hole and take your medicine. [/quote]   I liked this speech better when you gave it as CDO2.  Didn't you make yourself a whore for the check at UBS cause you were scared?

[quote=mnbondguy][quote=S&P low 666]

Delusional...Correct me if I am wrong, but didn't DL seek out Wheat First's merger with Wachovia?  He wanted to be a banker. 
 
WFC bought WB at a fire sale.  WFC got WB's share of Wachovia Securities (I think WB owned about 65% give or take) for a grand total of zero.  What do you think the combined market cap of all the regionals that were bought by DL would be if they were still independent??  I don't know of a single person who has done more damage to the independent regional brokerage model then DL.  He has been touting scale, scope and the universal bank model for years, and he has been dead wrong.  His vision has cost shareholders and the employees that worked for regional brokerage firms 10'S OF BILLIONS.  WS offers nothing to it's customer or employees that you can't get at any regional firm, except higher fees, more haircuts, and more BS.  Wachovia Securities and UBS were probably the two biggest payers of upfront money, and now both of them have imploded.  Crappy firms have to pay the biggest up front, because that is the only reason somebody would go work there.  That model doesn't work. 
 
Dl didn't build a brokerage firm, he bought one.  It take a differrent kind of leader to grow a business organically  then to build one through nonstop mergers.  [/quote]

You AGE guys are such a bunch of whinning pussies.   OK, you got a terrible deal by getting bought out by WS-no doubt. These are some CRAP times.    But guess what, you have options to change this........   Why dont you grab some balls and LEAVE instead of posting on here over and over how much you hate it and how screwed you got?
If you dont have the book or the nads to bolt then just STFU. Thats YOUR fault, not DL or WS.    You guys go on and on like a bunch of GD women. DL did this, WS did this, AGE was so great.
MAN UP or go back in your hole and take your medicine. [/quote]   This issue has nothing to do with me personally, I have not been at AGE in years.  It is a critic of DL's univeral bank model.  I find it interesting that you guys result to personal attacks but don't seem anxious to debate the facts.  Do you want to have a debate of the facts?  Let's start with WB's stock price.  [/quote]       Don't bother asking to debate the facts with this idiot.  He is the one who thinks DL is the greatest friend of the broker, but he left for UBS for the check because he was scared.  If I felt the management at my firm was the best available, I would not leave for a nine year handcuff.  The biggest issue AGE guys have with WS is that we were lied to.  Similar cultures.  The cultures could not be more different. Transparent pay structure.  No one in our office got the full payout last month, good luck trying to figure out where you got the haircut and the home office can't answer that question either.   Software makes it easier to do business.  The burden of administrative work has been shifted from the home office to the branch support and broker, lots of busy work.  Retention.  I don't think I need to say more.  Best practices.  There were many things at AGE that were better (Brokervision anyone) and none of them were kept.

[quote=Sam Houston] [quote=mnbondguy][quote=S&P low 666]

Don’t bother asking to debate the facts with this idiot. He is the one who thinks DL is the greatest friend of the broker, but he left for UBS for the check because he was scared. If I felt the management at my firm was the best available, I would not leave for a nine year handcuff. The biggest issue AGE guys have with WS is that we were lied to. Similar cultures. The cultures could not be more different. Transparent pay structure. No one in our office got the full payout last month, good luck trying to figure out where you got the haircut and the home office can’t answer that question either. Software makes it easier to do business. The burden of administrative work has been shifted from the home office to the branch support and broker, lots of busy work. Retention. I don’t think I need to say more. Best practices. There were many things at AGE that were better (Brokervision anyone) and none of them were kept.[/quote]



Im a bit confused but I guess your dissing me. Your calling me scared? I left ubs last year-not a scared pussy like you.   I didnt like the place so instead of whinning I took action.   Looks like I hit a nerve with you?    Why dont you just admit you dont have the stones to move and save the tap dance?   

[quote=S&P low 666] [quote=Sam Houston] [quote=mnbondguy][quote=S&P low 666]

Don't bother asking to debate the facts with this idiot.  He is the one who thinks DL is the greatest friend of the broker, but he left for UBS for the check because he was scared.  If I felt the management at my firm was the best available, I would not leave for a nine year handcuff.  The biggest issue AGE guys have with WS is that we were lied to.  Similar cultures.  The cultures could not be more different. Transparent pay structure.  No one in our office got the full payout last month, good luck trying to figure out where you got the haircut and the home office can't answer that question either.   Software makes it easier to do business.  The burden of administrative work has been shifted from the home office to the branch support and broker, lots of busy work.  Retention.  I don't think I need to say more.  Best practices.  There were many things at AGE that were better (Brokervision anyone) and none of them were kept. [/quote]  

Im a bit confused but I guess your dissing me. Your calling me scared? I left ubs last year-not a scared pussy like you.   I didnt like the place so instead of whinning I took action.   Looks like I hit a nerve with you?    Why dont you just admit you dont have the stones to move and save the tap dance?   
[/quote]             DL created the greatest firm ever in WS.   He was the brokers best friend.   WFC (and economic meltdown) wrecked it and I am surprized DL is still trere.   WFC doesnt want a non-bank brokrage firm.   They want bank broker bithces they can control.    PF will be gone and so will DL.  he will eventually see that he cannot fight the Borg that is WFC.  Sad but true.  FA's still there that dont belive this are in denial.   Retentention, cutting their recruiting deals, stopping PF recruiting,moving ISG to mother ship are all just the tip of the ice berg. If you have a book you can move you nuts not jumping off the titanic.   keep giving then the benefit of the doubt, you will see         S&P low 666     Your fighting a losing battle. DL et al are THE finest people I have EVER met in this business (26 years).
I will always love and respect them.
WFC doesnt want non bank FA's
WFC thinks brokers are way over paid
WFC thinks you cross-sell THE BANKS clients via the branch (read their bs).
DL is a pawn now.
sad but the reality of this nasty, sad recession/meltdown

Im VERY surprised that DL and his loyal group didnt resign.
WFC plays with real bullets.                    CDO Squared
    Leave Wachovia Securties or STFU


Im so sick of your whining


Pussies.                                                      JayMc
  WS was the best firm I ever worked for. Danny L and his team is the best management team I ever worked for. Its sad to me that Danny is now being looked at as a goat instead of a hero. His goal was (and is) to create a FA focused firm.
I left in nov.   I didnt want to leave but I did because it was teh logical thing to do for myself and my family. There is and was just too much uncertainity in the economy and in our business.   
I was paid 265% of 2008 t12. I think the firms are insane to pay this kind of money in this market.   NO ONE can tell you what any firm will look like or what our business will look like down the road. NO ONE.
I moved to a firm that I believed at the time was much worse then WS purely with the idea to "cash in" while i still could. Maybe I am wrong, I HOPE that I am wrong. If this market is a V bottom and WS becomes the bets firm on the street and things are back to normal I will NEVER regret the move that I made. It would have been MUCH easier to stay.   
The things that are now going on with WFC/WS is exactly the reason that I left-uncertanity.
Dont get me wrong, I am rooting for all of us to come out on top but I just think things are happening around us that have never happened before and if you dont think that the door could slam shut very quickly on these types of insane bonuses i think you are wrong. Bottom line, I think logically you must take these checks asap unless you are totally set financially and dont need the money.
NO ONE knows what any firm will look like down the road.
Did I sell out? yep   Was I a whore for the money and security- yep would I have EVER guessed in a million years that I would end up doing something like this? nope.   selling out or running is NOT my nature. I think these times throw all of that stuff off the table.
I put $2.1mm in the bank and we have made both back end bogies already (a boat load of UBS stock)
I did beyond my expectations in terms of getting people to come (basically pretty insecure).   I think the bear market in some sense made it EASIER to get people to come. I dont think they have the other places to turn like in normal times.
Thats my thoughts on all of this.
Moving was terrible.   It is the hardest thing in the world to do. I think you have to do it for your families.
You have to cash in to protect your elf form the CHANCE that this become a s and p 600 Japan 10 plus year protracted downtrend. Then throw on top of that a president that has flamed the class warfares fires to levels I would have never believed possible. They are CAPPING ceo pay for Gods sake.   If this is not enough of a warning sign for FA's I don't know what else could be.
I hope I am wrong.   I pray I am wrong.   
But I know i put myself in a position that I WONT be saying "Why didnt I move when I had the chance"
UBS is a joke.   Its no where near the firm WS was or is.   
I have been with crap firms before and teh firm or the manager has never REALLY done anything for me. Anything you get in this business you get for YOURSELF. So i just accept these Swiss pussies and their wanna-be organization and deal with it. I run my business and these are our clients-period.                              JayMc
    Here are some quotes from each of your aliases.  So now your saying you didn't go to UBS?  It must be tough to keep track of the lies.