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WFA compensation changes?

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Dec 21, 2009 10:21 pm

Wow … NO I repeat NO pay cut this year. Not only that I got over $10k in bonus, 3% of gross, money due to growing my business more than 15% for the year. So few brokers did nobody talked about it.

  Yep it sucks but it sucks less than like firms. On top of the regular payout I've gotten well over $80,000 in bonuses this year. If I can get to $450k gross in 2010 I'll get it again.
Dec 22, 2009 12:28 am

Correct - no change.

Dec 22, 2009 1:17 am

How is the bonus paid?

Dec 22, 2009 1:33 am

Deferred Comp. if you're talking about 15% growth bonus that is.

Dec 22, 2009 1:35 am

When did you learn of it?

Dec 22, 2009 1:49 am

Today.

Dec 22, 2009 1:54 am

Nice. Thanks for the info.

Dec 22, 2009 10:23 pm

[quote=AGEMAN][quote=Gaddock]

Today.

[/quote] Was something on Infomax?  Wondering where you got the info since the call is tomorrow??[/quote]   A little birdy told me.
Dec 23, 2009 10:31 pm

All in All it looks like a pretty fair deal to me now that it’s out in writting.

Dec 23, 2009 11:12 pm

[quote=Ferris Bueller] [quote=AGEMAN] [quote=Gaddock]

Today.

[/quote]
Was something on Infomax?  Wondering where you got the info since the call is tomorrow??[/quote]

Managers had it yesterday. As usual, the people here were misinformed. [/quote]   We're pretty well known here for temper tantrums based on inaccurate information and illogical speculation.
Dec 24, 2009 12:11 am

you sorry ponds.

Dec 24, 2009 12:43 am

factor in the 6% match on 401k and its the best comp plan on the street. also, when you consider all your options, finet, profit formula isg etc. not a bad place to be as of now…we will see where it goes from here

Dec 24, 2009 1:21 am

I am very happy with the plan, I agree best on the street

Dec 24, 2009 1:57 am
BE PATIENT:

I am very happy with the plan, I agree best on the street

  Shut your ignorant mouth. I don't think anyone can stand your opinions.
Dec 24, 2009 2:15 pm

What is the new plan and changes if any?

Dec 24, 2009 7:50 pm

No changes. 24% first 10k then 50% anything above. Everyone here should be happy with this grid. Also, they avtually paid forefront!!! That is truly UNBELIEVABLE!!!

Dec 25, 2009 3:56 pm

Or they can join Stifel Nicolaus and get 25% on the first $8000 and 50% on anything above that.  Oh and no 25 basis point haircut on fee based.  Oh and no splitting sales credit with the bond desk.  How about no ticket charges.  I’m sure I’m getting annoying now, so I’ll stop.

Dec 26, 2009 3:08 pm

Yep, only one office in my state, seven hours away and it’s staffed by three goofy looking dudes.

Dec 27, 2009 5:40 am

Give them a call.  Rumor is that many more brand new branches are in the process of being built right now.  With the UBS acquisition, one may be close to you.  Or better yet, gather a few million in production w/ you and some buddies and open your own.

Dec 28, 2009 3:55 am
AGEMAN:

[quote=CommonSense]Give them a call.  Rumor is that many more brand new branches are in the process of being built right now.  With the UBS acquisition, one may be close to you.  Or better yet, gather a few million in production w/ you and some buddies and open your own.

Stifel has said they are not opening new branches for awhile while digesting the UBS offices.[/quote]   With all due respect, my little birdy says differently.  UBS is mostly digested.  They are ready to open more up now.