It seems like many tenured branch reps are flocking to Schwab for what appears to be the same deal (comp, role, etc.) Any idea what’s going on over there?
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Because fidelity is not the same company it was under Ned. Abby is out to get richer at all costs. Replacing tenure with cheap interns.
They have much better systems. You know how you use rwoe for some stuff and icp for other stuff, and 10 other systems Fidelity uses that make your life hell? Its not like that at Schwab.
Cuz Schwab doesn't put a bullseye on its most tenured and well-paid reps. Also, consider the positioning of the business model and regulatory environment for the next decade vs the last decade. As Fido managers love to say in those canned power point decks, skate to where the puck is going to be. Fid reps need to educate themselves beyond the corporate line that rolls down.