Super-Basic Questions

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naterd00d's picture
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Joined: 2010-02-08

I've been reading over these forums and have learned many things, but other things i've read contradict much of what i thought.

As for background, im a Junior in college with a Major in Philosophy and a Minor in Business, I used to be an economics major, but set that aside as i lost interest in learning about it any more. I have experience working as a middle man selling textbooks to students, but set that aside as making 6.5 percent on 50 dollar sales isn't exactly my idea of a good job. luckily i do IT work on campus, so that keeps me happy.

First i'd like to ask, what is the difference between an FA and a Stock Broker (besides the fact that the FA does more than deal with stocks)

Also, lets say I decide to work with EJ, am i, essentially, working from home? I've heard some people talk about offices, then i've read that one guy worked out of his kitchen before they gave him his own office a year later. Are Trainees/Rookies essentially franchising?

Seeing as how I am a junior, i am thinking of interning with an EJ FA but this won't be too soon.

Thanks

Baba Ganoush's picture
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Joined: 2009-11-19

AGEMAN wrote:naterd00d wrote:
FA vs. stockbroker. 
FA=new name
stockbroker=old name
 

Not Exactly. There are those out there who carry only a Series 6 who have "Financial Advisor" on their business cards, etc. and they CANNOT sell stock.

DeBolt's picture
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Joined: 2009-07-12

Both are salesmen,
 
Investment Representative (stock broker) typically has a "valuable" product and is looking for a buyer.
 
Financial Advisor typically has a buyer and is looking for a "valuable" product.
 
disclaimer: value is in the eye of the salesman

chief123's picture
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Joined: 2008-10-28

Baba Ganoush wrote:AGEMAN wrote:naterd00d wrote:
FA vs. stockbroker. 
FA=new name
stockbroker=old name
 

Not Exactly. There are those out there who carry only a Series 6 who have "Financial Advisor" on their business cards, etc. and they CANNOT sell stock.

Yeah but in general... most firms switched from stockbroker to financial advisor because it sounds nicer...
 
EDJ use to be Investment Rep.

SometimesNowhere's picture
Joined: 2008-12-22

"Stock Broker" is what I call my profession to the girls at the strip club because it is too complicated to explain what a "Financial Advisor" is. 

Baba Ganoush's picture
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Joined: 2009-11-19

 

Not Exactly. There are those out there who carry only a Series 6 who have "Financial Advisor" on their business cards, etc. and they CANNOT sell stock.

Yeah but in general... most firms switched from stockbroker to financial advisor because it sounds nicer...
 
EDJ use to be Investment Rep.

I agree. Financial Advisor sounds better. It is too bad that there is not some distinction in title to separate the Series 6 from the Series 7. "Stock Broker" of course does that, but sounds very 80's.

Baba Ganoush's picture
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Joined: 2009-11-19

"Stock Broker"

Baba Ganoush's picture
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Joined: 2009-11-19

Sh!t I gotta get me some of dem suspenders

anonymous's picture
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Joined: 2005-09-29

"Financial Advisor" is a term that has no meaning and can be used in almost any manner."stock broker" is someone who has a Series 7 and can sell stocks.

rsinvestor's picture
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Joined: 2009-12-21

yes, Bud Fox (Charlie Sheen) was the stock broker, along with that hilariously sarcastic doctor from Scrubs. Although Baba is on to something. After that movie came out, stock brokers started dressing like Gordon Gekko.

CORR's picture
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Joined: 2010-02-02

DeBolt wrote:Both are salesmen,
 
Investment Representative (stock broker) typically has a "valuable" product and is looking for a buyer.
 
Financial Advisor typically has a buyer and is looking for a "valuable" product.
 
disclaimer: value is in the eye of the salesman+1

Lawrence's picture
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Joined: 2010-01-04

Baba Ganoush wrote:
"Stock Broker"

Is that dual TRS-80's on his desk???

We're talking big money!

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