i am curious to know the general consensus on people's feelings regarding going to work as a FA at one of the big wire houses or working as an investment consultant for a small regional bank.
I started out in the bank channel and am looking to get into one of the wirehouses because of more independence (meaning no bank staff egos to stroke everyday); higher payouts, no "hair-cuts"; a better opportunity to make 6-figures.
I have a friend looking to get into the business and also wants to look at the wirehouse side. The trainee programs in the wirehouse are much better (in my opinion) than he would ever get on the bank side.
Do you guys/gals feel the same or do most feel like the bank is a better place to work because at least you have an easier chance to see clients through the bank staff giving referrals?