I have been visiting this forum on a regular basis but never quite registered to post. I recently joined Edward Jones quitting a job which paid a six figure salary. The reason was I was looking for a career change in the investment world. I have been managing personal and family portfolios - worth more than $1M since last few years and I dare say that I do a pretty darn good job. I am a self-taught investment junkie and have led investment clubs in undergrad and grad school. I was getting a little bored at my previous job so decided to make a switch. There was no way that I could jump to a Chief Investment Officer job without a formal financial background. So I thought that maybe, starting with a Financial Advisor would be a good idea since I would at least get my foot in the door, get licenses and get training.
I researched and researched and found that Edward Jones is No. 1 in providing training. So I started my journey with EJ in Janaury - got my Series 7 and Series 66 licenses. Three weeks ago, I went to KYC. I have to say, the training was just amazing - no doubt about it. However, it was a little bit of an eye opener. I have no problem with door knocking really or sales. But I am not a salesman. I am very analytical minded and I want to do investment management. I want to be an investment manager who can also do sales. I do not want to be a salesman who can also manage investments. If I become a mere salesman, my mathematical, analytical and investment managemet skills will be wasted - that very thought is giving me sleepless nights.
Am I going overboard with this? Is Edward Jones the right firm for me? Are there firms which will hire you for your investment management skills and not send you door to door trying to sell investments? I do not doubt Edward Jones model but its difficult to see myself fitting in that model and essentially becoming a salesman. I am also planning to take CFA level 1 in December. Please help me out here. Give me suggestions. Feel free to steamroll me in the process. Trust me, I am used to working very hard and I know I am very smart - not trying to be overly pompous here - but laying out the facts.
Also, are Financial Advisor positions in national and local banks worth anyone's time? Do they make anywhere close to what some EJ folks make?
Thank you everyone.