Anyone know anything good about

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jan 27, 2006 4:56 pm

Smith Barney wants to hire me, does anyone know the pros/cons about this company (and benifits)?

Jan 27, 2006 5:08 pm

A better question is what kind of vibes do you get?  Do you like the branch manager?


I've never worked for them, but they do good work in my market and enjoy a fine reputation.

Jan 27, 2006 5:14 pm

As good a firm as any...but let me tell you, if you're young and have little to no contacts, it's next to impossible to survive top level brokerage's hurdles.


It's one thing to SAY your gonna work (not just be there) 12 hours a day every day...it another thing to do it.


The best advice I can give you...dress sharp, be there early, stay late, and after a couple months there volunteer your time to a senior FA or a team.  If you can work your way in to a partnership, you increase your chances of survival exponentially. 


Regardless, good luck.

Jan 27, 2006 7:13 pm

Agree with BankFC.  It's a great firm if you are established and a top producer.


They don't want small brokers (even the trainees they originally hired) or small clients.


The bank push is a little much - by Citibank and Citimortgage - to do CC and mortgages that are not competitive locally.  It's also a one-way referral system.  They want your clients, but will not share theirs (the banking clients).  You'll also have CitiFinancial competing with you, but they're not in the same league.


Be prepared to work 12 hr days 6-7 days a week, for about 3-5 years.  Also agree about the partnership angle.  If you can do it, it will help you.


Be prepared for alot of bureacracy and favoratism to the top producers.


A huge factor is the manager, but don't base your decision entirely on that.  Managers come and go.  We're on our 4th in 8 years.



Jan 27, 2006 10:11 pm

All responses were right on.............


"I've never worked for them, but they do good work in my market and enjoy a fine reputation"


Agreed... they are a top tier firm.....


"As good a firm as any...but let me tell you, if you're young and have little to no contacts, it's next to impossible to survive top level brokerage's hurdles."


3 people left our training program today after about 16 months.... 2 were canned for horrible production and one left to take a check and survive... Seems like every month were are losing people... It is what it is.... I keep a running (and ever- increasing list) of people who flame out.... Keeps me motivated....