Deutsche Bank (Alex. Brown) Is The Greatest (Private Client Services Division Of A Securities Arm Of A Corporate and Investment Bank Unit Of A Colossal German) Bank In The Whole Wide World

Posted by Bess Levin, Nov 27, 2007, 1:55pm

Some of you might call that favortism but A. Oh, it is? I wish I had a problem with that and B. You'll be singing a different tune when you behold the glory that awaits you after the jump. All I will say is that it was sent to us by the greatest reader of all time, who "ripped it out of a glossy mag that was in [his] South Beach hotel room" and that when I called Deutsche to make sure it wasn't a joke, there was a good ten seconds of stifled but totally professional giggling on the other end before the magical pronouncement: "I'm embarrassed to tell you this, but yes, it's real. Enjoy."

deutsche bank alex brown.jpg

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Posted in: Deustche Bank

Comments

Posted by thank you bess, Nov 27, 2007 2:01PM

oh my god

Posted by Ramblin' Wreck, Nov 27, 2007 2:03PM

Does the guy in the white just have really hairy arms or are those tats? It looks like he has some Nick Nolte DUI mugshot hair underneath that hat too. I would not trust those douches with my money.

Posted by Reed, Nov 27, 2007 2:03PM

a boy band guy and a mobster ?

Posted by explain it to me, Nov 27, 2007 2:04PM

I still don't understand homosexuality

Posted by HAM'05, Nov 27, 2007 2:06PM

The Sugarman caption is a missprint, that's actually Mike Mayo. They were onsite for the south beach remix of p-unit's tea partay

Holla back, tell Buffy to chirp me

Posted by tf1, Nov 27, 2007 2:08PM

joey bagadonuts and tony walnuts in one office? bada BING!

Posted by , Nov 27, 2007 2:09PM

how can this be real?

Posted by , Nov 27, 2007 2:14PM

Holy shit. I wish my firm was badass like that. Alas, private equity is too straigh-laced.

Posted by , Nov 27, 2007 2:18PM

Tea in da parlor makes the ladies holla

Posted by just me, Nov 27, 2007 2:20PM

I hear they're looking for the Blues Bros to run private banking

Posted by EE, Nov 27, 2007 2:21PM

I wonder if they really drink Raw Tea or if they just posin'

Posted by Jman, Nov 27, 2007 2:21PM

Crockett and Tubbs managing money. Two biggest tools ive ever seen, what an embarrassment

Posted by SugarDaddy, Nov 27, 2007 2:24PM

Yo, you bitches just jealous you ain't rollin in a Bentley in the 3-0-5 like me and my homey G-Money Planck. DBA.B for life!

Posted by , Nov 27, 2007 2:24PM

u really mean tools? or fools

Posted by jman, Nov 27, 2007 2:29PM

Tools, fools, whatever. Guys are prob two back office chumps from Canarsie

Posted by jman, Nov 27, 2007 2:29PM

Tools, fools, whatever. Guys are prob two back office chumps from Canarsie

Posted by , Nov 27, 2007 2:32PM

I am still having a hard time believing that this is real, but google says that these guys definitely work in the Miami branch of Alex Brown.

Its like the Icy Hot Stunnaz went out and got jobs.

Posted by Calgary Schmooze, Nov 27, 2007 2:35PM

Tools have positive functionality. These guys clearly don't.

Speaking of Sugarman, how is Stuart doing?

Posted by jman, Nov 27, 2007 2:41PM

Planck: You call the guy about the thing??

Sugarman: The first thing or the second thing??

Planck: Fugeddaboudit

Posted by , Nov 27, 2007 2:41PM

the only david sugarman i see on bloomberg is at Barclays

Posted by , Nov 27, 2007 2:43PM

lol icy hot stunnaz

Posted by , Nov 27, 2007 2:45PM

this just made my entire month

Posted by Finn, Nov 27, 2007 2:46PM

I feel like I should be walking up to them with a suitcase full of either cash or cocaine, depending on what side of the deal I am on.

I am betting I am selling them the 'cane (actually flour), and they are giving me the cash (client's money) and they will be saying, "Oh crap, it's high grade baking flour... were fucked!!" when they get back to the office.

If authentic, the ad does have a really impressive cloud way back in the distance.

Posted by , Nov 27, 2007 2:47PM

I can't believe this guy is for real:

http://www.wireimage.com/gallerylisting.asp?navtyp=gls====280480&source=rss&nbc=1

Posted by , Nov 27, 2007 2:48PM

I can't believe this guy is for real:

http://www.wireimage.com/gallerylisting.asp?navtyp=gls====280480&source=rss&nbc=1

Posted by I live in Miami, Nov 27, 2007 2:49PM

This is why I love Miami

Can I get a color print so I can make copies and pass them out all over South Beach?

Posted by hahahah, Nov 27, 2007 2:49PM

re: 2:47/48

"Alfonso Ribeiro & David Sugarman during the Deutsche Bank Presents 3rd Annual DJ Irie Weekend"

Posted by , Nov 27, 2007 2:52PM

I agree its hilarious, but doesn't anybody understand private banking? You gather assets by making a connection with the client. That means putting a blond in pearls in the Stamford office and this type in Miami. Lots of flash sports and entertainment money (also latin money, but these guys arent gettin any of that) that falls hard for this type. As for the notion that these guys are dummies, they could be MIT for all we know. Do we need to send you all back to diversity training (that session where they teach you to not to be so quick to judge a book by its cover).

Posted by , Nov 27, 2007 2:53PM

this is right up there with that online dating WBS alum /actor /banker/athlete/goon/body builder everyone tore up a month ago

Posted by Anon, Nov 27, 2007 2:53PM

these guys are actually true biat**es -

http://findarticles.com/p/articles/mi_m0OQD/is_6_11/ai_n19312475

Posted by anon, Nov 27, 2007 2:56PM

First, can't be real ... no relation to Stuart Sugarman?

Second, I pimpified it and got
Sweet Chocolate sugarman Love

Posted by strong black man, Nov 27, 2007 3:01PM

sheeeit...niggas got whips

Posted by Abe Froman, Nov 27, 2007 3:02PM

It is probably a decent marketing approach get clients in the music/entertainment industry in Miami.... Admittedly, it is a different market than Greenwich

Posted by Abe Froman, Nov 27, 2007 3:03PM

It is probably a decent marketing approach for bringing in clients in the music/entertainment industry in Miami.... Admittedly, it is a different market than Greenwich

Posted by 1-2, Nov 27, 2007 3:08PM

2:52...I agree that in PWM you make money by connecting with clients and gathering assets, but you gotta wonder how (if) that ever got through corporate communications. I'm pretty sure the button-down boys in IBK don't want that image associated with them...especially ze germans!

In true prussian manner, they build up an empire (a stretch i know) only to lose it because of someone's ego.

History repeats.

Posted by Bad Muther F'er of a broker, Nov 27, 2007 3:08PM

Listen up Biatches (translation clients), I got some dope CDOs to sling so pony up some of that bling bling and get you some of this AAA rated paper paying 12%

Posted by Anonymous, Nov 27, 2007 3:10PM

John Carney signed by Chiefs --

http://sports.espn.go.com/nfl/news/story?id=3129760&campaign=rss&source=ESPNHeadlines

Posted by , Nov 27, 2007 3:11PM

Greg Planck is on Bloomberg, listing Sugarman as a contact. These are real people, perhaps very aggreeive in palladium futures?

Posted by , Nov 27, 2007 3:11PM

Greg Planck is on Bloomberg, listing Sugarman as a contact. These are real people, perhaps very aggressive in palladium futures?

Posted by , Nov 27, 2007 3:14PM

I'm glad to see K-Fed landed on his feet. Kudos!

Posted by Harry Paratestes, Nov 27, 2007 3:16PM

I wish I could find Mirant's old annual report with the 800 pound gorilla on the cover. Double Jeez.

Posted by , Nov 27, 2007 3:17PM

High quality color photography of the douche-tastic duo

http://www.contactmusic.com/photos.nsf/main/golf_09_wenn1409471

Posted by , Nov 27, 2007 3:20PM

me again from 2:52, rethinking the boys being smart or not. Doesn't really matter cause they're only there to gather assets. The funds are of course managed by some nerdy people that they can trot out every so often to impress the client (but not so often that the client will be scared). Brillaint model that's used everywhere.

Posted by Compliance Officer, Nov 27, 2007 3:22PM

Broker History- How many times have you switched?
Deutsche Bank -09/2006 until the compliance officer sees this add.
Morgan Stanley 03/2005-09/2006
Citigroup- 10/2003-04/2005
UBS- 04/2000-10/2003
CIBC-02/1998-05/2000
PHD Capital- 01/1998-04/1998

Posted by 1-2, Nov 27, 2007 3:23PM

3:11,

yes, they are very long Palladium, but it's the club in Acapulco (come on, i know 3/4 of you guys have been there) not the metal.

Posted by Mr. 2:52, Nov 27, 2007 3:25PM

Comon Mr. 2:52. Just admit your name is Sugarman and that you are trying to defend yourself on this website. This add speaks nothing about the client which is what it really is all about. It is look at how much fees I charged you so that I can roll in a Bentley.

Posted by , Nov 27, 2007 3:26PM

I'm in the wrong job, I need to get transferred down there.

Posted by cc4, Nov 27, 2007 3:26PM

these guys are such hitters that 4 of them share a bloomberg. google planck and see sugarman col'chillin' with luther campbell at the bd golf outing. david is simply respledent in his all white ensemble. is that a terry kangol?

Posted by jman, Nov 27, 2007 3:29PM

I would love to DDT this Sugarman toolbox. Flashing peace signs, is he kidding me??

Posted by Dudley Do-Right, Nov 27, 2007 3:33PM

Florida, besides being America's wang, is the eventual and natural home of reprobates and scoundrels.

OJ Simpson
Lou Pearlman

I'm sure the readers could add some more to this list.

Posted by , Nov 27, 2007 3:40PM

3:25 Agree that what they're sellin is not for you and me, but there are clients who fall hard for havin the Bentley in the background. Tells them that these boys know what they're doin. Not that they're gettin rich on the fees (which, unless you call Vanguard, are about the same everywhere).

And remember my other point: all they need to do is bring in the dough - the heavy lifting is being done elsewhere. Works the same way in PE, hedge, Institutional, state/muni... Some one signs the dinner check (or plays golf, or gets hookers, whatever), someone else manages the money.

Posted by anon anon anon, Nov 27, 2007 3:50PM

some cool dudes, I bet they were at this gig for the bank:
THE ROLLING STONES played an intimate gig for 500 bankers in Spain - and were paid $5.4 million (GBP2.7 million) for their private stage show. The rockers' two year A Bigger Bang tour is said to be one of the longest and highest grossing ever, having pulled in over $436 million (GBP218 million) to date. But that didn't stop the musicians supplementing their income with an 80-minute set at a party organised by Deutsche Bank in the Catalan National Art Museum in Barcelona, Spain last week (12Jul07). And frontman Mick Jagger admitted he was delighted to be earning so much from the wealthy bankers. He told the crowd, "Thank you for having us. The best part is, it's coming out of your bonuses."

Posted by Redwood Street, Nov 27, 2007 3:50PM

Is this what has become of the Alex. Brown I used to work for in Baltimore?

Posted by WDE, Nov 27, 2007 3:51PM

This is the S. Florida version of Timmay Sykes style career suicide...except these guys are probably tougher than Timmay.

Posted by MC Rupert M, Nov 27, 2007 3:53PM

Yo. All the sucker emcees call them sucker emcees...Peace. Out. Word. Rollin' VIP.

Posted by cc4, Nov 27, 2007 3:55PM

when we look back 20 years from now and try to find signs that the bull market was over and the great crash was imminent they will point to 3 things:
chuck prince "we are still dancing"
blackstone ipo
planck/sugarman escalade/bentley.

Posted by Mr. 2:52, Nov 27, 2007 4:05PM

2:52, you have no idea what this game is about. If a client invests the money with a guy who has changed firms 6 times in 7 years just because the add has a Bentley in it, then this client is probably an idiot himself. The old saying is a fool and his money are soon parted comes to mind.

I can't wait till Sugarman gets a complaint filed against him and the client's attorney throw this add in front of the arbitration panel and says, "Mr. Sugarman, does this add represent your fiduciary duty and commitment to managing your clients assets?"

Posted by Johnny Lawrence, Nov 27, 2007 4:27PM

I can't wait for their next ad that'll surely have 'em posing infront of "Positive Carry."

Posted by , Nov 27, 2007 4:30PM

Mr. 2:52 I can assure you that I understand the game as well as you do and play it cleanly too (with a CFA charter over my head). My view however is less idealized and I understand that, like it or not, many achieve great success in financial services by prying money in a totally legal fashion from clients, many of whom should be more cautious and fee conscious. Sugarman's approach is no different than a blond private banker in Stamford having tea with rich widows. Its just less tasteful which is why everyone is finding it so offensive.

Posted by nm, Nov 27, 2007 4:30PM

"Some of you might call that favortism but A. Oh, it is? I wish I had a problem with that "
Haha

Posted by miami Elisa, Nov 27, 2007 4:30PM

it's Icy Hot Stuntaz, you guys couldn't even get a back-office job rubbing Bess' corns at One Biscayne:
http://www.famouspictures.org/index.php?title=Icy_Hot_Stuntaz

Posted by , Nov 27, 2007 4:34PM

Sugarman recommended I put 10% of my portfolio in cocaine

Posted by , Nov 27, 2007 4:41PM

Anonymous 4:34

I think you mean cocaine futures. Or rather, cocaine forwards.

Actually, there should be a market for cocaine futures. The one good election promise Bolivian socialist Evo Morales made was a pledge to make Coca legal in a limited way.

So, not cocaine futures, how about agricultural futures on Coca, like tobacco or pork bellies?

Posted by LBhO, Nov 27, 2007 4:54PM

And if DB needed even more reasons to call them Douche Bank

Posted by , Nov 27, 2007 5:02PM

did anybody call the # shown in the ad?

305-329-2200

Posted by crazy, Nov 27, 2007 5:05PM

yup. they answered "good afternoon, deutsche bank."

Posted by , Nov 27, 2007 5:14PM

guess this group would be equally offended by a houston based private banker wearing a cowboy hat.

how dare anyone not fit your vision of a penciled necked pinstripe suit wearing new yorker i banker.

Posted by , Nov 27, 2007 5:18PM

according to his NASD report, sugarman is also the president of Sugartime Records

Posted by , Nov 27, 2007 5:22PM

What just happened here?

Posted by houston, Nov 27, 2007 5:25PM

uh, i'm in houston and don't say we're all cowboy hats and wranglers...

http://www.slimthugthaboss.com/

Posted by houston, Nov 27, 2007 5:25PM

uh, i'm in houston and don't say we're all cowboy hats and wranglers...

http://www.slimthugthaboss.com/

Posted by Anonymous, Nov 27, 2007 5:29PM

quit hatin and step your game up
we be gettin that paper layin down with shaq in miaaaaaaa

Posted by Dr Victor von Doom, Nov 27, 2007 5:30PM

wedding pics...

http://www.pbase.com/rfsuarez/monica__david_sugarman

Posted by Aleksey Vayner, Nov 27, 2007 5:30PM

PCS is no better than equities in Dallas. Who in their right-mind would hand a check to these fools. Sugarman desperately needs a towel and a phone book on the driver's seat of the Bentley. He's obviously microcephalic as well. Sock puppets.

Posted by , Nov 27, 2007 5:31PM

5:14

Private Banker > I-banker.

I guess those people working as loan officers in Houston mtg banks really do moonlight on the side at Rick's.

Posted by there was a model walkin out of the jet, Nov 27, 2007 5:47PM

this isn't nearly as bad as a local countrywide ad I saw a few months back of
these two clowns out of Aventura, FL (15 min from South Beach) had a full page ad of them arms-folded, posted up against two benz's (E-classes, not quite GT continentals) with a jet in the background. They were twins, and bald, wearing blazers, jeans, and tall collar white dress shirts. of course sportin some fresh stunna shades.

Posted by Alexsey Vayner, Nov 27, 2007 5:51PM

Miami Spice

"If you wanna be my banker, you gotta get with my friends..."

Posted by EHS, Nov 27, 2007 6:09PM

oh man, this made my day.


http://img514.imageshack.us/img514/3866/14409773brasilmiss62520cx3.jpg

Posted by yeesh, Nov 27, 2007 6:34PM

I was about to ridicule Sugarman's white outfit until I saw the pics of him getting married in late-90's-era jeans.

Posted by Calgary Schmooze, Nov 27, 2007 6:51PM

What are those? white sport slip-ons with tassels? WTF?

And from the size of the quads, that might be Maximilia in the back on the extreme left.

Posted by , Nov 27, 2007 6:56PM

I guarantee those 2 meatballs probably make more money then every loser posting on this board combined.

Posted by Anonymous, Nov 27, 2007 7:32PM

that is the fresh prince's cousin and TO?? that, my friends, is quite a powerful 1-2 punch.

Posted by , Nov 27, 2007 7:38PM

True, not that any of the losers posting here (me included) would admit it. If you're making money, you don't have time for this crap but somehow find time to throw feces at anyone passing the cage.

Posted by , Nov 27, 2007 9:49PM

At first glance, the fold in the magazine page made it look like the guy on the left was holding a gun. It just made it so much better

Posted by SlashAndBurn, Nov 27, 2007 11:46PM

Anyone who would drop $170K on a Bentley is a poser douche. And then posing in front of it -- worse yet.

If he was a real man he'd be driving an M5, and NOT posing in front of it wearing Carlos Justo hand-me-down pajamas.

The guy with the Escalade on the left, though, he's money.

Posted by , Nov 28, 2007 9:16AM

The bentley could be rented fools. I really doubt PCS makes that kind of money (look at Barrons for top 50 PCS people in the country and could not find thier names). Maybe at the max 500K which I guess is very good for miami

Posted by , Nov 28, 2007 9:40AM

9:16 Thats just wrong re the comp. If you bring in assets you'll take home a lot of comp. Do the math. Lets be conservative and say that the broker keeps 20 bps. All he needs is $25MM in client assets to take home $500K. Nab a few rappers and yr way past that. Also, the Barron's list is top 50 in perceived quality of service, not the top 50 earners.

Posted by , Nov 28, 2007 1:00PM

I've known Sugarman since he was at UBS. I'll earn more in this year's bonus than he's made in his life. He doesn't own a Bentley; last time I saw him he was driving a C class.

Please don't confuse WM with sales and trading.

Posted by , Nov 28, 2007 1:04PM

and no, 20basis is not the norm for PCS/WM. ML pays 10bp; or did in 2005, and payable at bonus time, so retention is key.

Posted by mspell, Nov 28, 2007 2:29PM

9:40 needs to check the keystroke on his HP12c...20bps on 25mm is $50k per yr kiddo.

Posted by , Nov 28, 2007 2:50PM

UH, I hope your not in the business 9:40, $25 million at .20 basis boints is $50,000 not $500,000. I actually think he probably only makes $50 k. You need about $250 million to make $500k at 20 bips.

Posted by , Nov 28, 2007 3:23PM

9:40 here: Duh, I did it (incorrectly) in my head. Yr right, of course. Plus, it occured to me that for EACH of them to make $500K they would need $500MM in assets (lets see, $250MM x 2 equals......). Probably not so easy.

On the other hand, I have a college bud who does HNW for Merrill and lives a real good life: RSD coop, private schools, EH house south of the hwy. Don't know.

Posted by Unbelievable, Nov 28, 2007 9:31PM

How do these guys still have their jobs?

Posted by , Nov 29, 2007 2:42PM

Its all about the Flash not the Cash

Churn and Burn Baby!!!

This same Guy asked to borrow a dollar in Starbucks!!

Posted by disgusted, Nov 30, 2007 1:06AM

OMG what a joke... Planck and Sugerman must be morons. This just proves that DB are the laughingstock of the PCS world. Keep it up, Deutsche! You guys rock! (you certainly make my job a lot easier!)

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