AXA again

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Sep 15, 2006 11:18 am

Hi  everyone, I  had  an interview at AXA Advisors
earlier during the week.  The manager told me that he would like
me to come on board.  I don't even know what the draw is. 
Does anyone know what the range for it is?  Also, they said they
are hiring me as a financial planner.  I think its just another
name for being a financial consultant right?  Any thoughts woud be
helpful.

Thanks

Sep 15, 2006 11:26 am

The manager and/or recruiter should have described the job and the compensation during the interview before making an offer.

Either you weren't paying attention, or this is a trap to see if you will make decisions without getting full information.

Suggest you call this manager immediately and say "Yes, I am interested as well.  Let's talk about the details...."

Sep 15, 2006 11:34 am

Financial Planner = Financial Advisor = Financial Consultant...


They're interchangeable terms.  Do what JC says and find this info out before you do anything.  You may end up taking it in the shorts if you make a decision without knowing the "black-and-white" details of the position.

Sep 15, 2006 11:37 am

Are they interchangeable terms?  I thought you had to have your CFP to call yourself a "Financial Planner", and either your 65 or 66 to call yourself a "Financial Advisor".  Financial Consultant sounds pretty generic, though.


Do I have this one wrong?

Sep 15, 2006 11:47 am

Yea...I  just  sent him and email .  I want to know the details about the job  before I do anything.....

Sep 15, 2006 11:53 am
gman123:

Yea...I  just  sent him and email .  I want to know the details about the job  before I do anything.....


Dude, you do not use email for things like that.  How will you be able to understand if there is nuance in his voice and other things that are critical to negotiating something like your compensation?

Sep 15, 2006 11:55 am

Got it...I will give him  a call right now

Sep 15, 2006 12:00 pm

I  just made another appointment to see him about the compensation. 

Sep 15, 2006 2:01 pm

Your job will be to cold call for other established advisors.


Run don't walk.

Sep 15, 2006 2:48 pm

Technically, the different licenses will give those distinctions, so you are correct, but in the blurred lines of what outisders view, it's all the same to them.

Sep 15, 2006 2:50 pm

And don't send an email about that stuff.  Set up a time to meet and say you want to cover some topics that have not been clarified.  I send emails about things that are not of an important matter, or those that are inconsequential.  Something like this is better handled face-to-face.

Sep 15, 2006 3:36 pm

Thanks everyone for their advice.  I will update everyone 
what happens when I meet the manager  again to discuss
compenstation....

Sep 15, 2006 4:03 pm

"I thought you had to have your CFP to call yourself a "Financial Planner", and either your 65 or 66 to call yourself a "Financial Advisor".  Financial Consultant sounds pretty generic, though.

Do I have this one wrong?"


Yes, you do have this wrong.  Surprisingly, with the Merrill Lynch rule, they are not making a big deal of titles.  Therefore, you can really call yourself anything that you would like if your B/D is ok with it.


As an example, I have a 65, but not a CFP.   INn my firm, I can call myself a "Financial Planner", but I can only do this if I am in an advisory position with my client.   On the other hand, even with a 65 and a CFP, I could not call myself "Financial Planner" if I'm engaging them as a registered rep.

Sep 15, 2006 11:54 pm
BrokerRecruit:

And don't send an email about that stuff.  Set up a time to meet and say you want to cover some topics that have not been clarified.  I send emails about things that are not of an important matter, or those that are inconsequential.  Something like this is better handled face-to-face.



Overall that is an issue I need to be more aware of.....too often I use email instead of making the phone call or setting up the meeting....