Life after Financial Advisor Career

2 replies [Last post]
BustedTrade0830's picture
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Joined: 2014-05-15

Hi everyone - hoping to get some perspectives on switching career paths after 7 years as a Financial Advisor/Investment Associate/Paraplanner.  I have a Bachelor's degree in Economics from a Big Ten school so I can't imagine I am "stuck" in financial services forever.  However, I feel like the experience I have gained in these roles has severely pigeonholed and handcuffed me to looking for another menial role in wealth management.  Sure Financial Advisors have prominent sales skills, but I learned that I don't nor care to improve them; this lead to my demise as a producer.
 
With that said, I'm looking to leave the business altogether and pursue something outside of sales.  Without an MBA and/or CFA, virtually all investment management jobs (even entry level) seem unattainable.  This is the part of the business that I excelled at and found most rewarding, so I enrolled in the CFA program.  But, I can't find anyone who is hiring a guy with his books and that's it.
 
I would imagine myself and the other 95% of failed new advisors over the past few years have run into this problem of skills-dislocation.  Bottom line is I'm struggling to find a career path that I appear marketable to so any suggestions are much appreciated!
 
Thanks!

buyandhold's picture
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Joined: 2008-09-23

Good question. I sometimes feel I'm in the same boat.
Unfortunately, this is a sales job, and if you don't like sales or don't do it well, the job doesn't provide an avenue for anything else (beyond maybe being a sales assistant.)
Wholesaling is a possibility, but that's a sales job, too, and very difficult.
Some have become analysts for fund companies, but that's a different job track and has many, many young people coming out of college ready to do that.

buyandhold's picture
Offline
Joined: 2008-09-23

Good question. I sometimes feel I'm in the same boat.
Unfortunately, this is a sales job, and if you don't like sales or don't do it well, the job doesn't provide an avenue for anything else (beyond maybe being a sales assistant.)
Wholesaling is a possibility, but that's a sales job, too, and very difficult.
Some have become analysts for fund companies, but that's a different job track and has many, many young people coming out of college ready to do that.

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