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marcfx
Greenhorns Joined: Nov/28/2014 Status: Offline Points: 10 |
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Posted: Apr/04/2018 at 7:59pm |
New to financial advisory. Not new to sales. I've had a successful career in sales thus far.
I'm not happy where I am and I've always wanted to be a financial advisor, so I'm going to do it. I'm between two options: Small firm: get sponsored for my license, start as an advisor, get a couple hundred orphaned clients. Firm has roughly 15 advisors and 5000 clients in total and are backed by a great b/d. OR Merrill Lynch: start as a client associate, get registered, work for a few years to learn the ropes, and move up or on when the time comes. What do you think is a better start? My gut instinct says to start off with the small firm, but my personal financial advisor says that the Merrill lynch experience would be invaluable. |
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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1
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Braedo
Greenhorns Joined: Nov/01/2017 Location: Midwest USA Status: Offline Points: 25 |
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option 1, no brainer
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marcfx
Greenhorns Joined: Nov/28/2014 Status: Offline Points: 10 |
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Braedo: Thanks, that's what I thought too.
Missionshooter: congrats on being first! Not sure if you also meant that one was the better option Edited by marcfx - Apr/04/2018 at 8:50pm |
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B24
Moderator Joined: Mar/09/2010 Status: Online Points: 25763 |
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"my personal financial advisor says that the Merrill lynch experience would be invaluable."
Really? Ask APAC about his experience. #1
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"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16
"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18 |
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luvindy
Moderator Joined: May/17/2010 Status: Offline Points: 25773 |
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Your personal financial advisor is hoping you will fail so he can pike your accounts. He's probably a piker himself. Fuck him and his bad advice.
Option 1. /end thread |
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8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
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Moraen
Admin Group Resident Sage Joined: Mar/09/2010 Status: Online Points: 30787 |
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Option 1. No doubt about it.
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I come in peace. I didn’t bring artillery. But I’m pleading with you, with tears in my eyes: If you fuck with me, I’ll kill you all. - General James Mattis
Fiduciary as Fuck - iMo |
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SometimesNowhere
Gold Member Joined: Mar/11/2010 Status: Offline Points: 13989 |
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Hidden option #3 - go back to your old sales job. You're clearly not cut out for this.
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luvindy
Moderator Joined: May/17/2010 Status: Offline Points: 25773 |
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Well said.
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8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time." Dow 13,090 S&P 1406 5/23/13 UC:Dow 20k before 20% crrectn Dow 15, |
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marcfx
Greenhorns Joined: Nov/28/2014 Status: Offline Points: 10 |
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That's a possibility too, but I'll never know if I don't try. My current sales job is selling life and annuities but it's definitely the opposite of comprehensive financial planning.
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Failing from ML means other opportunities - strangely enough.
Want to go work for a bank or CU as an advisor? They'll LOVE that you were with ML.
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marcfx
Greenhorns Joined: Nov/28/2014 Status: Offline Points: 10 |
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DHK, I know that would apply to PMD opportunities, but they don't do those in my area anymore. This would be the first step to joining a team of FAs, and I wouldn't do anything advisory related. It's a client service position. I wouldn't be an advisor for at least 3 years. Edited by marcfx - Apr/05/2018 at 12:09pm |
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UserNamey
Greenhorns Joined: Apr/05/2018 Status: Offline Points: 14 |
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Welcome!
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