Failing out

Thank you very much. I can do that. 

To add to what Hacksaw said, we don't know you. What is a good fit for one personality, might not be the best fit for another. You need to decide

Iamlegend wrote: Of the big firms WFA should be your first choice.  Better training than the other wires and more realistic goals. Next is Raymond James & Associates then EJ.   Apply and get an interview and sell yourself.

knockknock whoever you are I have never once made a phone call to anyone here. this is a thread I started and people have been incredibly helpful here. really just wonderful. you might consider starting your own thread and get advice specifically for your own needs and cheese it down or up however you like. k? 

Edited by trueindigo - Feb/19/2013 at 5:18pm

KK, I do recruit, but not on this forum. I don't know who you guys are or where you're coming from, so frankly no thanks.

I suggested Indigo have a CONVERSATION with his local WR manager for intel purposes only...

NewMgr wrote: knockknock wrote: trueindigo wrote: Actually SF this is exactly the kind of direction I've been looking for. I'm really not one to spend tons of time trolling and chewing my nails. I would far rather be doing exactly what you've written, just been looking for that one mssg w clear concise advice. I have zero fear of being fired for non-performance, none at all. Tomorrow I'm starting exactly w what you advised. I'll be bahck.  Indigio - I hope you cheese it down a little on the phones and in your emails...as i love your enthusiasm, some of your posts are kinda over the top...just being honest. it's good to get feedback in a non pressure 'forum' if you will  Guys - my wife is on board.  she thinks i can do it no problem and i've told her time and time again what a huge risk it is.  she still is almost pushing me.  i like it.  i've always wanted to do this and i just feel that the time is right.  my market area is good.  REAL good.  i think if i get offered the job i'm going to take it.  i'm pretty pumped about it no matter how many times i ask on here to how many different people and they say, don't do it, i'm still looking forward to it.  weird. i've also come to thinking that some people on here are recruiters and if they aren't going to have you, then why not talk them out of the industry to cut down on competition any way possible.  makes sense to me.  i would do it.  i recently had a face to face interview with a guy at W&R, he was telling me i can go take my series 7 without being sponsored. just using that as an example to display his intelligence.  he was about 80 years old and basically talked me out of the industry.  it was a really weird feeling.  so, i'm thinking some people on here do it to. KK, you HAVE to have the support of your family. It took my spouse taking me by the shoulders, looking me in the eye and telling me this is what I should have been doing all along to get me to make the jump to production. If your wife is behind you on this one, you should do it. (Oh, wait, since I'm not going to have you shouldn't I be talking you out of the industry???)

What Ice said. This place is extremely unique, and i don't think anyone is here to recruit, let alone to cut down the body pool.

JYD wrote: knockknock wrote: Iamlegend wrote: Of the big firms WFA should be your first choice.  Better training than the other wires and more realistic goals. Next is Raymond James & Associates then EJ.   Apply and get an interview and sell yourself.   How close together would you rank these 3 places?  Relatively close together or way far away from eachother? I know this was for someone else, but I would rank wfa and rj pretty close to one another from a capabilities standpoint. WFA will have more national reach and wells has better brand recognition than RJ, but RJ is smaller and likely a smaller burocracy to go along with that.   Each would have its strong points. Both also embrace open architecture on the investment front. I believe this would allow you to build a more sophisticated practice, if that is what you are looking for, especially from an investment perspective. Edward Jones is a completely different animal, and there is a lot of detail about that on this board. Very marketing focused, lots of relationships, limited product. Advisory is 20 years behind the rest of the industry at Ed Jones. Then again, who is to say advisory is the only way to do it. If you are looking to market to mass affluent (100 k to 1 million) this could be the best fit. In general, if you are looking to eventually be a million dollar plus guy, it can be done at ej, but it is a lot harder as a result of the number of relationships you will be encouraged to bring in. Depends on the pool you swim in

What he said

JYD wrote: knockknock wrote: Iamlegend wrote: Of the big firms WFA should be your first choice.  Better training than the other wires and more realistic goals. Next is Raymond James & Associates then EJ.   Apply and get an interview and sell yourself.   How close together would you rank these 3 places?  Relatively close together or way far away from eachother? I know this was for someone else, but I would rank wfa and rj pretty close to one another from a capabilities standpoint. WFA will have more national reach and wells has better brand recognition than RJ, but RJ is smaller and likely a smaller burocracy to go along with that.   Each would have its strong points. Both also embrace open architecture on the investment front. I believe this would allow you to build a more sophisticated practice, if that is what you are looking for, especially from an investment perspective. Edward Jones is a completely different animal, and there is a lot of detail about that on this board. Very marketing focused, lots of relationships, limited product. Advisory is 20 years behind the rest of the industry at Ed Jones. Then again, who is to say advisory is the only way to do it. If you are looking to market to mass affluent (100 k to 1 million) this could be the best fit. In general, if you are looking to eventually be a million dollar plus guy, it can be done at ej, but it is a lot harder as a result of the number of relationships you will be encouraged to bring in. Depends on the pool you swim in

Regarding the pool you swim in comment, it really has a lot more to do with who you are and who your existing contacts are than it has to do with where you are in the country. If you have a natural market and lots of significantly influential contacts, you could build a practice that is more focused on higher net worth clients. This would mean fewer clients, very high touch and a need for more sophisticated investment product. A wirehouse would be a good fit for this. You wou ld be swimming with the sharks in a competitive environment. If successful you would be more likely to achieve revenue levels above a million a year (you'd get about 45% of that) with this set up because you would have a more manageable book from a service perspective (purely on number of clients). This is very very hard to do by the way.

If your contacts are not as deep, and you don't have a ton of investment expertise yet, Ed Jones might be a good fit. You will have a lot more clients because of the way the "make" you market to survive. You will take 5k IRA accounts and average a much smaller household value. As a result it is hard to break above mass production thresholds because you are servicing so many relationships after 10 yrs or so. Oh, this is also very very hard to do.

Depends on what you want, and who you can get to say yes!