Junior associate for senior partner

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Sep 3, 2005 10:04 pm

Has anyone went this route? What did you do? How did you do it? I would think most would like someone who has at least a few years of experience before they just throw their retirement in their hands.


How would one be chosen to be junior associate for a retiring broker or become a junior partner in their business?


From what I see and hear going the route of a new broker with no guidance or a mentor is nearly impossible.



Previous post: Maybe you'll be chosen to be a jr associate for some retiring broker, and become a jr partner in his business.

Sep 4, 2005 5:54 pm

How many years have you been in the business now?

Sep 4, 2005 9:28 pm

Well as a PFA.. 0....


As a professional and someone who follows the market and invests 10...


I have as a broker of certain products among other things

Sep 4, 2005 10:33 pm

Spawn-(broker)? What do they call you? Lefty. Joey the Spat. Shakes. Half-pounder.



Tell me 10 things about your "business" or being a broker of certain things. 

Sep 5, 2005 1:58 pm

Executivejock,


You can't just jump on with a senior broker.  You have to pay some dues and build up your own business.  If you build a business that has a niche which the senior partner wants(ie.  retirement plans, doctors, etc...), he will ask you to come on as a junior.  The fact is, you have to bring something to the table.

Sep 5, 2005 9:13 pm

Thanks help. Yeah I suspected that anyone who developed a strong book would want an experinced and talented PFA/broker to take over business.


I am in a position to get extra business from a senior partner now. So I guess this is about as good as one could hope for when they enter the industry.


Sep 6, 2005 4:41 pm

executivejock-


Having an opportunity to work under a retiring Advisor, is like winning the lottery!!! It's the scenerio everyone wants. In my opinion, it is also really the only way to make large coin nowadays. It is very unlikely, that someone comes into the business, works really hard, and 10-15 years later has a book of 400 million under mngmt. Not to mention, the retiring advisor, usually has a successor in mind.