Intro Myself and Questions-

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Jul 11, 2009 3:15 pm




Hello All



By way of introduction-



I am looking at trying to get on as a trainee.



I previously was with MSDW from 1996 to 1999. Got National Sales Director Award, exceeded all production, asset and account goals- was doing quite well. Left to take a job with a client for 2 1/2 times my MS compensation, with a dot com- remember those- and was going to be a multi millionaire....hah!



Since then have been in senior management with start ups, raising money.



Looks like I will get an ok payout from sale of our latest venture,



I am attracted back to brokerage because I know if you make it, it is a great business, and I know I can do it, because I did it before.



Questions



Where to go?



MSSB has ads up for hiring here in the Raleigh-Durham area.   Anybody know their current production milestones for trainees, and the training program. I went to NY for I think 6 weeks back in the 90s for training, and the training was pretty mellow, of course I had a great Branch Manager.



Any issues re the merger?



It sounds like UBS is absolutely not an option for new hires, in light of the shakeups?



Is there anyplace else to look at? AG Edwards is basically gone now, isn't it?



I would prefer a aire house to a bank or say and Edward Jones (no offense to EJ people).



Any other suggestions?



THank you ll very much.



Jul 11, 2009 3:58 pm

Call some LPL offices in your area and find out if somebody will give you a desk and a phone .... Ask around about insurance companies, too.


Jul 11, 2009 4:05 pm

Go to Everest 1 , if you want to make some money .......BIG MONEY>>>>>

Jul 11, 2009 10:21 pm

I like your attitude and believe you can again be successful in this business. Good luck. 

Jul 11, 2009 10:27 pm

Thanks to all for the replies I hope they keep coming.



Borker Boy- any recommendations where to go? BTW where are you?

Jul 12, 2009 12:23 am

Seriously bro there are not that many wire's left if that's where you want to go.  How hard is it to figure out?  You've crossed UBS and Jones.  So you have MSSB, ML, and Wells Fargo.

Banks you have all the locals and  nationals. If you can get in I'd suggest BB&T or RBC.  Stay away from First Citizens or SunTrust.

You could always go insurance as well? They'd hire a cat if it had a natural market.

Jul 12, 2009 12:46 am




Volt



RBC Dain is a good tip. Yes, you are correct, there are not that many left- I guess the AG Edwards, Paine Webers (I am really dating myself) are all gone.



From what I have read ML is sort of an uncertain gig right about now, and with the layoffs at UBC I don't know if they are hiring.



Maybe my thinking is wrong but Insurance sounds like sort of a drag- and limited potential, I think- but I may be wrong.



I am, hopefully, not too thin skinned, so fire away with anything you may think is relevant.



I appreciate any responses.



Jul 13, 2009 9:59 am

I'm not offended, but curious about why you don't want to look at EDJ. 

Jul 13, 2009 10:18 am

Because no one does..

Jul 13, 2009 10:54 am
chief123:

Because no one does..

 
Good going, chief. NOW Spiff's offended...
Jul 13, 2009 11:02 am

ZING! Yeah man those EJ guys are so dumb with their kool-aid and feel good about their job/future mentality!

Jul 13, 2009 11:23 am

sometimes it is fun to aggravate the EDJ guys on a monday morning, and as a former EDJer to do it in fun. Good place to start if you have never been in the industry.

Jul 13, 2009 12:30 pm

RBC, Raymond James, and Hilliard Lyons all regional options. If you are looking for an AG Edwards type of firm, RBC is a bigger better version. Hilliard is a great little firm.


The large wires are pretty hard on the product push. That product being fee biz.
 
 
Jul 13, 2009 2:05 pm

Boy this thread would be a much different and angry thread, if it were EDJ guys bashing indy's.

Jul 13, 2009 2:22 pm
I would suggest trying to figure out which firm has the best reputation in your market and also has access to products/services that you want to use.
 
The product/service aspect would be the pitfall for Jones.  However, they do have pretty good reputations in many markets.  But it also depends on the client base you are trying to serve. 
 
You never know, it may mean hopping on to a well-respected RIA in your area that wants someone with your background (if they are willing to hire someone without a book).  Since you have the background in this business, you are not a "newbie" in the traditional sense.
Jul 14, 2009 2:17 am
MJ:

Boy this thread would be a much different and angry thread, if it were EDJ guys bashing indy's.



Ain't it the truth Windy!