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Potential Advisor

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    Posted: Jul/07/2012 at 2:13pm
I am a career changer looking to get into the advising world with a background in the auto industry.

Currently researching the best way to break into the business.  Leaning towards Edward Jones for all their training and support initially, but also curious about going independent. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MainStreet Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 2:16pm
good luck.
 
You can do worse than Edward Jones, and sometimes it seems like everyone here took a paycheck from St. Louis. Which tells you a lot, both good and bad.
 
Welcome/
Trouble is, you think you have time ~ Buddha
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 3:13pm
Welcome.
There may. Be 2-3 better places to start but certainly multitudes of worse places. Welcome!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EightOaks Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 5:15pm
I came from the insurance side.  Northwestern Mutual then MassMutual.  They are heavy on the insurance, but good with training / support.  You have to branch out on your own to do the investment side.  But then you have the best of both worlds for a full planning platform IMO.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 5:54pm
Originally posted by Iamlegend Iamlegend wrote:

Welcome.
There may. Be 2-3 better places to start but certainly multitudes of worse places. Welcome!


I assume you mean WFA, meh. Where else besides those 2 other than getting lucky and having an Indy hue u a salary or Indy and have already a sizable savings? Which even then I say EJ or WFA is better for training and having a brand to start.

Or were you talking about f he wanted to be more insurance or p&c based?

Edited by under_complicated - Jul/07/2012 at 5:57pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 6:25pm
I would say Wfa. Rja. Stifel then EJ
Or a large indy willing to train.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 6:37pm
Originally posted by nest nest wrote:

I am a career changer looking to get into the advising world with a background in the auto industry.

Currently researching the best way to break into the business.  Leaning towards Edward Jones for all their training and support initially, but also curious about going independent. 
Welcome, since you aren't licensed I am putting you into the "unlicensed" group - which means your access to this site will be partially restricted.  PM me when you get your licenses.
Ducati's Prediction (06/24/2022):

Ducati: The economy far outweighs blue haired women screaming about abortion this election.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 7:43pm
IAL do you have the details on stifle and RJ new FA comp and hurdles?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote stevuke Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 8:12pm
Some advice from an advisor who was just looking for a new home:
Talk to every single place that you'd be willing to commute to. You can find a gem almost by accident.
I think it's more about the branch and the people than the firm.

Insurance can be a good place to start; I did. It's easy, turn key. Usually tons of support. You can learn the ropes in an afternoon. Quick money. My only mistake is that I didn't leave THE SECOND I knew I wanted to be independent.

My advice, start at the place you feel has the best mentors. Then, if you don't want to be there for ever, as soon as your ready, don't delay!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jul/07/2012 at 9:14pm
Originally posted by under_complicated under_complicated wrote:

IAL do you have the details on stifle and RJ new FA comp and hurdles?

Stifel is 25% to 10k then 50%   
Rja not sure.
Not sure for those less than 5 years.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Charlie Six Quote  Post ReplyReply Direct Link To This Post Posted: Jul/08/2012 at 12:50am
Welcome. EDJ is a great firm to start as the training and support will equip you with the tools necessary to build a book of business.

Charlie Six
"Those who don't understand how money or government works will eventually become slaves to those who do."
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rather be golfing... Quote  Post ReplyReply Direct Link To This Post Posted: Jul/09/2012 at 12:44pm
IAL - Does Stifel have a training program??
...but I can make more $$'s doing this.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote supercoop Quote  Post ReplyReply Direct Link To This Post Posted: Jul/09/2012 at 10:16pm
EJ is not bad firm.  What I like is that they understand grassroots marketing (gorilla style).  Going through the uneasy paces might be good for you. Whether you will stay with the firm is another story.  That decision needs to be made before you build too much of a book of business.  I chose independent, but that is not for everyone.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nest Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 2:30pm
Bored during a conference call…I typed “A” I my browser and it auto filled advisorheads. It was like seeing an old college girl friend. Still hot, but in a different kind of way. 

I forgot how welcome a distraction you guys are. Really missed reading about EJ. Think I might stick around a bit now that I’m more of a mid career time waster instead of a knuckle dragger. 

Left EJ right before Covid hit. Currently a branch manager with another firm. 


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Post Options Post Options   Thanks (0) Thanks(0)   Quote CashFlow Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 2:36pm
Originally posted by nest nest wrote:

Bored during a conference call…I typed “A” I my browser and it auto filled advisorheads. It was like seeing an old college girl friend. Still hot, but in a different kind of way. 

I forgot how welcome a distraction you guys are. Really missed reading about EJ. Think I might stick around a bit now that I’m more of a mid career time waster instead of a knuckle dragger. 

Left EJ right before Covid hit. Currently a branch manager with another firm. 



Distraction….well that’s one way to put it. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BullishT Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 2:44pm
Originally posted by nest nest wrote:

Bored during a conference call…I typed “A” I my browser and it auto filled advisorheads. It was like seeing an old college girl friend. Still hot, but in a different kind of way. 

I forgot how welcome a distraction you guys are. Really missed reading about EJ. Think I might stick around a bit now that I’m more of a mid career time waster instead of a knuckle dragger. 

Left EJ right before Covid hit. Currently a branch manager with another firm. 



Producing branch manager?
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nest View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nest Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 2:54pm
Yes producing. 80% Advisor 20% manager duties. More a title than anything. Accountability partner and HR stuff. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BullishT Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 3:01pm
Originally posted by nest nest wrote:

Yes producing. 80% Advisor 20% manager duties. More a title than anything. Accountability partner and HR stuff. 

Sounds like it has been a productive 10 years for you!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 3:12pm
How many Assets did you take with you from EDJ?


"We probably have a 98% close rate." - Circlejerk 7-28-22

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Post Options Post Options   Thanks (0) Thanks(0)   Quote nest Quote  Post ReplyReply Direct Link To This Post Posted: Aug/17/2022 at 4:10pm
It all came over slowly so I never actually calculated it. Maybe 15 quick and some more dripped over? That’s a guess. Current book is 205 clients 47MM. 

For anyone interested in the career progression:
 
Series 65 RIA
Ej
Cetera
Ameriprise 


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