Help with job offers! (Insurance vs Investments)

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Jul 27, 2009 1:47 am

Hi everyone,



I'm ElectricSqueak. I'm 20 years old, female, and recently graduated college. I'm new to this forum and to the financial services industry, and have a few questions. Any help would be appreciated!



1) Who the f*** is Windy? Seriously, 75% the threads on this forum seem to involve this guy in some way. I wanna know!!



2) I've received a bunch of offers and have narrowed down my top 2. One is an insurance/"financial planning" company, and the other is a full-service brokerage firm. Can someone tell me the pros and cons of selling for an insurance-based company versus an investment-based company?



Thank you!!

Jul 27, 2009 6:05 am

It depends on the specific company.

Jul 27, 2009 8:22 am

20 year old recent college graduate? I'm sure you are about to tell us you took college classes in High School.  Windy is your brother I think.

Jul 27, 2009 8:33 am

I hate to defend someone who could very well be a troll, but that is very doable. I have a couple of friends who have done this, with a combination of graduating High School at 17 and taking college courses in high school. At our schools, they have college credit high school classes starting out sophomore year. You can have 25 credits easily before graduation, and that is through nothing supplemental to the high school courses. Add in summer courses during the college years and it's completely doable.

Jul 27, 2009 8:49 am

I think if you put yourself on the fast track through college and finished by age 20 you would kinda be throwing that away by entering this industry right now. Its not as much a bash on my profession as much as it is thinking someone like you should be an astronaut or nuclear physicist or something. Some companies don't even require a college degree in this industry.

Jul 27, 2009 8:54 am

Can you please post a picture to prove your age?

In my opinion, most investors will not be excited to give a 20 year old female their money - so EDJ will be a tough ride.  You better choose a company that LOVES cold calling so you can sit behind a phone.

Jul 27, 2009 8:55 am

Some guy graduated this past June from both high school and college at the same time.



I agree with 3rd - I'd find something you like better than this. You obviously value education, most people in our industry are more worried about the next sale than actually managing clients' portfolios.

Jul 27, 2009 9:50 am
BioFreeze:
ElectricSqueak:

Hi everyone,

I'm ElectricSqueak. I'm 20 years old, female, and recently graduated college. I'm new to this forum and to the financial services industry, and have a few questions. Any help would be appreciated!

1) Who the f*** is Windy? Seriously, 75% the threads on this forum seem to involve this guy in some way. I wanna know!!

2) I've received a bunch of offers and have narrowed down my top 2. One is an insurance/"financial planning" company, and the other is a full-service brokerage firm. Can someone tell me the pros and cons of selling for an insurance-based company versus an investment-based company?

Thank you!!



Hello, Windy.

 
Seriously, a 20 year old girl using the term "full-service brokerage firm"?  Squeaky, can you explain to me the difference between a full-service brokerage firm and a brokerage firm that is not considered "full-service"? 
Jul 27, 2009 2:42 pm

Whoa, most of you people are useless. I really should've just skipped the intro about my age and just asked the damn question.



anonymous- That was almost helpful. Thank you.



hotair1 - Yes, I did take classes in high school.



MsBroker- That's pretty much how it happened, thanks for clarifying that for people. =) Also, what about my post indicates that I might be a troll? I asked a legit question, it's not like I posted a picture of a c*** or something. 8===D~~ There. Now I'm a troll. Someone ban me before I can continue to desecrate the forums.



voltmoie- Trust me when I say that posting a pic would further distract the jerkoffs on this forum from answering my question. You make a good point about the cold-calling, though. Thank you. =)



Moraen- I've already considered other career paths. I almost became a doctor, until I decided I didn't want to be in school until I was 30. It's a long story, but I have thought this through.



BioFreeze- Yes, it's me, Windy! In my spare time, I enjoy pretending to be a 20 year old female on the internet. It's how I get my sick kicks. Let's have cyber sex.



3rdyrp2- Why is that weird? A full-service brokerage firm provides investment advice and information to the client whereas a discount firm will only perform transactions.







Please disregard the part about my age and/or gender unless it somehow relates to a legitimate answer to the question.

Jul 27, 2009 3:07 pm

Electric Squeak,

 
Because you are young and new in the industry, you don't know what relates and doesn't relate to your question.  Your age and gender is of importance to answering the question.  My response was very helpful.  You just don't know it.   You can't get a good answer without people knowing the firms involved.
Jul 27, 2009 3:22 pm

How does someone new to the boards know what a troll is? Just wondering...

Jul 27, 2009 3:30 pm
ElectricSqueak:

Whoa, most of you people are useless. I really should've just skipped the intro about my age and just asked the damn question.

Please disregard the part about my age and/or gender unless it somehow relates to a legitimate answer to the question.

 
Trust me honey, your age is 100% critical to whether or not you should not only be in THIS industry, but what company you should work for in this industry.  If you want it right between the eyes, your best bet would be to work for TD Ameritrade as a back office person where you will only deal with clients (ahem, customers) over the phone so they don't see how green you are to the world.  Come back in 6 years when you've started to grow some leg hair and then we'll talk about dealing face to face with clients.
Jul 27, 2009 4:09 pm

Windy has a sister!



I'm calling BS until we see a picture. Just PM me your facebook link and I'll vouch for you.



Way too sassy for a newbie with no life experince. I'm in love.

Jul 27, 2009 4:20 pm

anonymous- Your first response was fine, it just didn't tell me anything new. I should probably elaborate on the firms. The brokerage firm is Hennion and Walsh. They are a smaller firm and specialize in tax-free municipal bonds. They have an 18-month paid training program and have you do a lot of cold calling in the beginning. You don't actually meet with clients until your third year. The insurance company is International Planning Alliance, which is a general agency of Guardian. They're very selective about who they hire and have a low attrition rate for the industry (40%). They don't cold call. Most of the business is done through networking and face-to-face meeting.



3rdyrp2- I understand my age and gender are important, but most people were just like "wtf you graduated at 20" and didn't actually acknowledge the question. Thank you for your answer!

Jul 27, 2009 4:23 pm

Liar

Jul 27, 2009 4:48 pm
ElectricSqueak:

The insurance company is International Planning Alliance, which is a general agency of Guardian. They're very selective about who they hire and have a low attrition rate for the industry (40%). They don't cold call. Most of the business is done through networking and face-to-face meeting.

 
Tell me this, as a 20 year old are you prepared to tell a 43 year old man making half a million dollars per year that he needs an extra $3,000,000 of life insurance?
Jul 27, 2009 5:03 pm

3rdyrp2- They wouldn't let me do that. IPA starts you out with younger people making entry-level salaries. You don't meet with high net worth individuals until you are more experienced. If I were to meet with someone like that, it wouldn't be without the supervision of a senior adviser.

Jul 27, 2009 5:10 pm

What you need now is sales experience.  I don't know anything about Hennion and Walsh, but you can get great experience at Guardian.


However, you do have some misconceptions about them.    You will do some cold calling or whatever is necessary to fill your calendar.   They would prefer that you cold call than not have an appointment. 
 
You'll meet with high net worth individuals as soon as you have the ability to set an appointment with them.
 
IPA won't start you out with anybody.  You will have to do the work.  Set lots of appointments and do everything jointly and a 20 year old can make some nice coin in her first year.
 
 
Jul 27, 2009 5:15 pm
voltmoie:

Windy has a sister!

I'm calling BS until we see a picture. Just PM me your facebook link and I'll vouch for you.





You my friend are an expert at cyber flirting. What a way to cover it up. Seeing this woman's picture will do nothing, except give you a boner or nightmares.
 
Next thing we know, Squeak will be calling harrassment because volt is trying to meet her an Jose's Inn and Auto Repair for a midnight rendezvous!
Jul 27, 2009 5:18 pm

My guess is Squeak is hot. Cybersex comment was great, btw.



Good luck Squeak! I think you'll do just fine.