Nobody will care when your there if you are busy prospecting. That has been my experience thus far. If you are a self starter and need little to no supervision than this may be a good career for you. Good luck.
most people on here are “veterans.” i think it is silly to assume someone is going to bring you on and essentially let you run free with virtually no supervision. you will be expected to “report” your efforts at some point, especially if you struggle or do not meet req’s. day to day, or hour to hour there will be leeway, but you should expect weekly reporting to occur. if you are making your #'s, then yes, you will be given some freedom, but anything less than that and there will be supervision.
ok, thanks for the posts. makes a lot of sense to me!Of course this is a job of numbers and requirements are to be met and understandably so that supervision will take place. That leads me to another question. How is your performance measured. Is it by number of accounts you open during a cerain period of time? or some other measure like number of calls per contact? As you can see pharma. reps were measured differently. thanks again!
Sounds like you are really looking for freedom to be your own boss.....and an FA career will provide it...in about 5 years. But to start, you're going to have to work ALL THE TIME. And until you get to a reasonable level of production (and you can always do better, do more) the branch office manager, or who ever , is going to hold you to a pretty tight set of numbers.....they'll be looking for activity.I'm going to make a suggestion I've seen on here before....read "How to Build a Financial Services Clientele"...some of the info may seem dated, but it's not....and if you start thinking you can "make it" by doing things differently, you're setting yourself up for quite a bit of disappointment........lots of appointments, and an endless amount of phoning.....that's the ticket Good Luck
Success is generally measured by the amount of assets you have under management, as this shows how much you are producing for your respective firm. So essentially, if you bring in a ton of 100k accounts, to equal one big account, that may look good, but they still will want you to go after the big accounts.
“Building a Financial Services Clientele” by O. Alfred Granum, at National Underwriter’s website is a good resource. A lot of stuff in there is dated and has more to do with life insurance, but at the same time, it can help you greatly understand what you need to do in addition to being a great resource for writing a business plan.
2. Not sure.
3. Most firms don’t give above $40k base. If you get above $40k base, it you will get the salary for a shorter period of time than less than $40k (24 months vs. 18 months).