Glad I left before this hit the fan, Ned would be rolling in his grave, this is going to bring a storm of departures and layoffs. There wasn’t an executive who wasn’t into pushing tier 3 managed accounts, guilt AF, subpoena them all. https://www.thinkadvisor.com/2024/05/31/will-an-ex-fidelity-advisors-reg-bi-suit-catch-the-secs-eye/?amp=1.
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Agreed, 2 weeks rto, no 1-4 level jobs posted, telling remote people they must leave, pay that won’t keep up with inflation, incompetent new people all over the place, etc.
Many things indicating that is what the company wants, mass departures
toilet company
David Coyne retiring coincidence? Or was the fat man the bag guy?
I had a branch manager that would walk into rep's offices every afternoon and ask: "You ringing the cash register today?" That was his way of asking if we "sold" any annuities or managed products. I wonder what clients would think of their hard-earned retirement assets being referred to in such a way?
Just like selling crypto to kiddies, there is nothing in the investors best interest in that. It’s all about the basis points and maximizing profit margins… it won’t be long before we get into “buy now pay latter” preditory practices.