Hell, I knew a CFP who loaded her book up on firey dot coms and rode it all the way to Hades.  When the markets came up from the bowels of hell for a breath (the fire consumes all the oxygen) Her book was too crispy to make any use of.  Needless to say she burned out of the business.  It was only a matter of time before they fired her.  Man, were those clients (I inherited some) hot under the collar.

Dude- Those are the kind of advisors that keep us in business, huh?

Whatever you do, stay the F away from UBS.  The pressure is on after the re-org and the pay here sux.  Their cutting bonuses this year because they are using the new number system.

[quote=noggin]Dude- Those are the kind of advisors that keep us in business, huh? Not really. Those are the kind of advisors that give us ALL a bad name.         & nbsp;         & nbsp;         & nbsp;         & nbsp;         & nbsp;         & nbsp;  

"bankrep,



I still think the bank is the best place to build a book from scratch, if you have years of experience then consider indy or a wire. Rookies who are young have a .00001 % chance of success at a wirehouse unless they’re family is wealthy and give them a bone. A more established rookie who has connections from a prior career has alot better chance of success."



I think odds for success are lower at wirehouse starting from scratch, but not quite that low! I bet the odds are 15% if you really want it. I made it, but have had a lot of support from my company and family.

I will buy that.  But for someone in their 20’s it is .0001% I think the place to start would be doing something like an internal wholesaler or a paraplanner.  Trying to be an advisor to people of 40-60 when your 20 is a lost cause the older I get the less resistance I have from people I am in my 30’s now.

I agree it is more difficult, but not that hard. I was in my mid 20s when starting at wire house and made it. Everyone has obstacles, mine were my pimples and being 1/3 my clients age, for you it may be your strange perspective on how wonderful bank brokerages are. Just kidding.

[quote=JonesIR]"bankrep,

I still think the bank is the best place to build a book from scratch, if you have years of experience then consider indy or a wire. Rookies who are young have a .00001 % chance of success at a wirehouse unless they're family is wealthy and give them a bone.

I really appreciate this statement from bank rep. I recently got my 7. I was working with an insurance firm, so I se the difficulty of prospecting. It would be better for me to get a job in a bank. Build a book. then maybe move on.

Thanks Bankrep....

Brokr1

[quote=JonesIR]I agree it is more difficult, but not that hard. I was in my mid 20s when starting at wire house and made it. Everyone has obstacles, mine were my pimples and being 1/3 my clients age, for you it may be your strange perspective on how wonderful bank brokerages are. Just kidding.[/quote]

Jones IR, you started and made it at a wirehouse and moved to Edward Jones?

I'm not trying to criticize your decision; it's just that I don't think I've ever met or even heard of a broker going TO Jones from a wire.