Explanation of wholesaling job

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Jan 4, 2011 4:05 pm

I'm a college student exploring options and I'm not 100% sure what investment wholesalers do. Can somebody explain this in more detail versus selling specific fund products through bank platforms?

Jan 4, 2011 4:13 pm

You take overdressed ego obsessed folks to sporting events, lunch, golf, and then you give them brochures about places that are likely to provide meaningful tax losses to their clients. You get a cell phone, a car allowance, and every 3 months or so, you get to have a paid underling called an "internal" call and introduce themselves to all the folks you do business with, or provided tax losses to in prior years. 

You don't need to do too much, and if you have to speak, the company you work for is kind enough to provide you with a powerpoint presentation that cannot be seen by anyone that has less than perfect vision. Since most clients can barely see, this bewilders and confuses those folks, so you have to pick up the food tab at said venue. 

Sounds awesome doesn't it?