Change of pace

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Apr 23, 2006 11:43 am

taking all suggestions......i left the bank channel because of internal politics reasons that worked adversely to my favor and i went to an insurance co. that WANTS to be considered as a financial services company, but they are DREAMING.....i am looking to get back into the full service brokerage channel but have really only worked in the bank channel. I have heard from ML and M/S and was referred between friends to check out Lincoln Financial. I have never worked in a wire house and not opposed to the idea, but i am wondering probably where is the best place for someone to go who is looking to start up a book because i couldn't bring over my clients from my previous bank because of the non-compete clause they made everyone sign. In essence, i am starting back over. Your suggestions are greatly appreciated. Thanks..

Apr 23, 2006 3:45 pm

Your decision as to which direction to take will take some introspection on your part. In other words, which best suits your personality:


1) The bank channel? You already know what that entails.


2) Wirehouse? Highly competitive. High failure rate. High income potential. Long, long hours.


3) Indy? With no book, you'll have to partner with someone already established.

Apr 23, 2006 11:20 pm

bjack...one other thing you may wanat to consider is seeing an attorney...many folks have left with a non-compete in place and still moved a lot of business.  Other than that, the big dog's post was right on target.