Which Firm for 40 yr old, 1 yr as FA?

4 replies [Last post]
needacareer's picture
Joined: 2008-06-02

Have been in the business as an advisor for 1 year.  Have series 7, 66, insurance license and have passed CFP coursework, planning to take the exam in November.
Supervisor is 300 miles away, never see him, minimal input on anything.  Brought in to work on a team with existing business and leads.  That is not the reality; leads are slim, record keeping is non-existent and splits are routinely falsified.  Not making it financially.
Two questions:
Can anyone recommend firms that will hire a rep to work on an experienced team to learn the business for 1-2 years and pay a reasonable salary?
Is any bank or wirehouse particularly known for outstanding advisor training?
Thanks in advance,

Mike Langford's picture
Joined: 2014-05-21

Hi Needacareer!

Where are you located? I have a pretty big network at a variety of firms and I would be happy to help get you connected with the right people in your area.



sonofarep's picture
Joined: 2013-01-19

Get out now. The business is going to robo advisors anyway.

Me Is JJ's picture
Joined: 2012-09-26

Hi Needacareer -

Outstanding training and support - Best is WFA, but good luck finding someplace where the company is actually interested in hiring you onto a team and supporting w/salary while you learn the business. It's just not out there unless you join a relative, same as it ever was. You find it? Let me know.

jardav's picture
Joined: 2014-04-14

Needacareer, you should check out Edward Jones. They've revamped their compensation recently understanding that its a difficult industry to survive in as a rooki (both in pay and in building a business). They're known for their training and ongoing support as well as being #4 on Fortune magazine's "100 Best Places to Work".

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links
Practice Management Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×