Mutual Fund Wholesaler

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Jul 29, 2007 2:32 pm

I have been talking to a mid size Mutual Fund Co. about a Wholesaler position.


Appreciate any input on the Pros and Cons of this position.

Jul 29, 2007 3:19 pm

Call them immediately and tell then you'll take the job.

Jul 29, 2007 3:23 pm

and make sure you bring bagels to my office. I never see the wholesalers

that bring donuts.

Jul 29, 2007 4:37 pm

In other words, you dont think being a wholesaler is EASIER than being a broker, do you?

Jul 29, 2007 6:34 pm
Bobby Hull:

Call them immediately and tell then you'll take the job.


Why did you say that?

Jul 29, 2007 6:35 pm
pratoman:

In other words, you dont think being a wholesaler is EASIER than being a broker, do you?


I think they make 200k for serving breakfast and lunches.


Yes I think it is easier than being a broker.

Jul 29, 2007 8:03 pm
NaySayer:
pratoman:

In other words, you dont think being a wholesaler is EASIER than being a broker, do you?


I think they make 200k for serving breakfast and lunches.


Yes I think it is easier than being a broker.



You still have to hit numbers. If you dont, you wont be in the job for long. And I dont know about you, but as an FA, a wholealer has to really make a clear case to convince me to replace one of the funds I use with his fund, and thats if he gets to talk to me. They all serve breakfast and lunch, and they all sound the same

Jul 30, 2007 9:29 pm

Get ready for rejection...again...and again...and again. 99% of wholesalers never get past my assistant, and if you think I'm tough, wait until you try to meet with a producer with serious numbers.



Tell me what fund company you're talking to and I'll tell you whether or not I'd see you...deal?