Had an interview with A.G. Edwards

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May 21, 2006 10:55 pm

Met with the BOM and two partners who do $900k in production.


Here's my situation, I'm currently at a b


d firm and just got my 7 (you've seen the topic im sure) and am close to testing for the 66. I am highly confident my options for a career path with my current b/d are narrow and I'm looking to moving on.


So this AGE branch, they don';t let anyone in. Outside of 3 people in the rbanch I believe, everyone in it (16 total) have their masters AND CFP/CFA. They have to have a minimum of $350k to sit in that branch and they rarely ever bring anyone in with no experience.


They want to make me an offer. One catch is that I work for this team in a marketing role for TWO YEARS. I would like your opinions on this. Second (and I will address this with them on my second interview) I want stability and I need assurance that AGE is going to be around in the next few years (talk to a handful of their brokers and you'll hear them talk about a sure thing buy out or merger).


Granted, their rep has been hit with the mutual fund fine last year and i'm learning bagby isn't a popular fella. The polictics perse don't concern me, but it doesn't in the bigger scheme of things if it hurts the company enough.


What is your take on this? What questions ought I be asking. These guys are highly impressed with me enough to make me the first person to get an offer in the last few years to come into that branch and help a team of 50 yrs combined experience (which frankly has me sold on that alone).


Thanks and let Monday be the start of a great week!

May 21, 2006 10:58 pm

I would just like to add that the interview was one of the best experiences i've had. it was solid, they had the reactions of "damn i can feel this kid's enthusiasm" and overall just very well laid back intelligent guys (we also know a lot of the same people). Based on the interview alone I would take the job in a heartbeat but for me it has to make sense to make the move. I'm not moving out just because it looks right to.

May 21, 2006 11:05 pm

Have they made a monetary offer? If the $$ is OK, I would jump at the chance if I was young and starting out. I wouldn't worry about AGE stability, same issues face all firms. (Where DO you go for a stable environment?) I would inquire about your contract. What happens if it doesn't work? What happens after 2 yrs?  

May 22, 2006 9:28 am

if it's the memorial office in houston i would take the job.

May 22, 2006 9:50 am

No contract as far as I know of and their starting pay is very comfortable for a guy my age (so long as I get the work done). They're getting back with me soon methinks (I hope)

May 22, 2006 11:37 am
anabuhabkuss:

Met with the BOM and two partners who do $900k in production.


Here's my situation, I'm currently at a b


d firm and just got my 7 (you've seen the topic im sure) and am close to testing for the 66. I am highly confident my options for a career path with my current b/d are narrow and I'm looking to moving on.


So this AGE branch, they don';t let anyone in. Outside of 3 people in the rbanch I believe, everyone in it (16 total) have their masters AND CFP/CFA. They have to have a minimum of $350k to sit in that branch and they rarely ever bring anyone in with no experience.


They want to make me an offer. One catch is that I work for this team in a marketing role for TWO YEARS. I would like your opinions on this. Second (and I will address this with them on my second interview) I want stability and I need assurance that AGE is going to be around in the next few years (talk to a handful of their brokers and you'll hear them talk about a sure thing buy out or merger).


Granted, their rep has been hit with the mutual fund fine last year and i'm learning bagby isn't a popular fella. The polictics perse don't concern me, but it doesn't in the bigger scheme of things if it hurts the company enough.


What is your take on this? What questions ought I be asking. These guys are highly impressed with me enough to make me the first person to get an offer in the last few years to come into that branch and help a team of 50 yrs combined experience (which frankly has me sold on that alone).


Thanks and let Monday be the start of a great week!



Marketing position = prospecting for someone else.


Cold calling, cold walking, prospecting is hard enough to do for yourself.  But, to hand over 50% or 100% to someone else would stink.  Unless you get a piece of the pie IN WRITING skip it.


They are possibly bringing you in as fresh meat to prospect for those fat brokers who want to grow their books, but are too lazy to prospect.


Good luck.

May 22, 2006 12:33 pm

If they pay you a living wage, I can't think of too many other relatively risk-free ways to learn the business.