We at WFA have seen a number of FAs leaving for this startup founded by ex-WFA execs. Anyone have the scoop on this company? Worth looking into home office employment opportunities?
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Interesting 100% of the home office employees are from wfa. I notice none of them are from Wfa finet and were negative about independence while at WFA but now they are pushing it. I understand the recruiting package is heavy ownership interest in this new endeavor. Seems like smoke and mirrors and cartoons operation. Offer fake paper recruiting bonus to keep costs low, show how many FAs they have and then sell it down the road on the cheap while the executives pulling big salary all the time and the recruiting bonus but a fraction as promised.
Allegedly RG had some dirt which is why he left / was let go.
They have more executives on their homepage than they do Advisors!
You have to be friends of one of them before you get hired. And everything everyone is saying. Alot of dreamers there. TBD how they actually do.
Their website is very cartoonish. Not a good look!
You’d be better served looking at Benjamin F Edwards first. It is ran by a number of former AG Edwards execs. Frankly AGE was a far superior firm than Wachovia Securities or WFA.
Love Rich G, came up with him at Prudential Securities and spent a lot of time with him. A very down to earth person and I hope he’s successful in this venture.
They've already taken their hand-picked operational types. They need way more FAs before they start adding overhead. But if they continue to be successful, they will add more infrastructure slowly. Rich G is not an id--t like our management. He's actually a good guy and I'm rooting for him.
meh.
wf advisors were 'churners' to begin with to collect fees. even as an employee, I steered clear.
Are we talking about RG?
It's more of invitation only at this point. They have been successful with taking FAs though. If you're asking this question here, doesn't sound like you would get that invitation.
You would need to treat them like a start up though. They have creditors to pay and owe the FAs a lot.
Rumor has been they are in the red