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Newb

Printed From: Advisorheads
Category: Introductions
Forum Name: Greenhorn Introductions
Forum Description: MAKE YOUR FIRST POST HERE!
URL: http://www.advisorheads.com/forum_posts.asp?TID=3005
Printed Date: Mar/26/2026 at 11:16pm
Software Version: Web Wiz Forums 12.03 - http://www.webwizforums.com


Topic: Newb
Posted By: Thanasi
Subject: Newb
Date Posted: May/10/2011 at 11:04pm
Hello everyone,
I'm a recent college graduate excited to become a financial advisor and looking forward to putting in the hard work.

My question is ria or wirehouse? I currently have an offer from Merrill lynch as well as an opportunity to work for a friend who is independent and would be a mentor to me which I feel would be a great asset to have.

Thank you !



Replies:
Posted By: RIArules
Date Posted: May/10/2011 at 11:43pm
Welcome!
 
You will get different responses here, and really alot has to do with your personality, financial situation, and knowledge.  I suggest you talk with LSUalumn.  He is BY FAR the most knowledgeable FA on this forum.


Posted By: Thanasi
Date Posted: May/11/2011 at 6:06am
Thank you


Posted By: Iamlegend
Date Posted: May/11/2011 at 7:52am
If you eventually want to be independent anyway and you are fine with the terms of the deal with your friend, go the RIA route from the beginning.


Posted By: moneyguy
Date Posted: May/11/2011 at 3:49pm
It sounds like you may have two good options there.  I would want to know more about what your friend is offering you, and how it compares to ML.  It is hard for most independants/RIAs to match what ML will provide in salary.  Depending on your own financial situation, it may be the necessary avenue. 
 
 
FWIW,I started at ML, and went RIA 3 years later.  I moved all the clients that I brought TO Merrill Lynch away, except for 1.  Most inherited clients stayed behind.  Looking back, I think that was the best possible route I could have taken.  Getting paid 70k per year, plus bonuses (ended up with around 30k in bonuses) during training to grow a business that I turned around and left with.  I almost feel bad about it...almost!


Posted By: Ron 14
Date Posted: May/11/2011 at 7:22pm
Originally posted by RIArules RIArules wrote:

Welcome!
 
You will get different responses here, and really alot has to do with your personality, financial situation, and knowledge.  I suggest you talk with LSUalumn.  He is BY FAR the most knowledgeable FA on this forum.
 
LOLLOLLOLClap



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