I was hoping to get some advice from people with lots of experience here
in the business. I am comparing Ameriprise & Edward Jones.
1) Which FA opportunity of the two is better?
2) Would either of these opportnities weaken my B-school application
compared with my current occuption at a consulting firm? If I "miss" at
either of these co's, is this career suicide for one 2 years removed from
3) Will working on these small accounts and then getting an MBA provide
me any edge in landing a spot with a SSB, Merrill, UBS, JP Morgan Private
Client Services groups versus just getting my MBA at a good school first?
4) Does hard work just not cut it to live rather comfortably in this
industry, ie. if you lack country club pals or aren't a natural born
salesman from the start, is this the wrong biz for one who really would
like to perform this job function long-term but isn't sold on prospects for
my immediate success?
5) Any information on how one transitions from the small accounts I'd be
managing at these 2 shops to the Private Client Services, Private Banking
routes at other shops? Can I take some accounts with me from either of
these shops? What's all this business about EDJ lawsuits for training
6) Do I need to transfer all my assets to any financial services firm I work
for due to my possession of the 7? Can you negotiate any reimbursment if
there's significant financial consequences?
7) People talk a lot bout expenses at EDJ? Do you get railed on this? Do
they exaggerate the benefits of their assistance on these expenses? Am I
going to have to invest lots of capital in the business everywhere or at
these 2 firms in particular? Or is it just allocating enough money to get
you by on low commissions in the "early months-2 years?
8) If I'm fairly comfortable now financially and rather staisfied with my
pay, is there reason to pursue either of these just because they're the only
players with interest in me right now after other submissions?
9) Are you guys familiar with the payout structure at Ameriprise?
Comments? If you aren't I can address-just ask, cuz I have questions it
10) Can I negotiate salary at all if I'm making more at present job and
would make more than expected 1st year salary+ commissions for a
Any and all realism much appreciated. Please, no bias.