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Sep 2, 2012 8:26 pm


Hey guys,



I am looking for a job as a FA.What would be a good place to start with?



I know this is a sales job and I'm not afraid of the phone (in fact, part of the reason why I am looking into this industry is precisely because the financial iindustry cold calls), I have setup a boiler room in the past, I can get B2B leads no problems. I can setup an call centre type autodialer for cheap. No college or anything, dropped out of a math undergrad (regretfully).



I'm in montreal, but I'm willing to move if there's a sureshot opportunity. I'm young and hungry so to speak. What is the best way to present myself? What is the best strategy to adopt?



Thanks gents, it's quite a long shot, but any help is appreciated. 

Sep 26, 2012 4:22 am

Most companies won't take someone without Sales experience. I have a BA Econ from UCLA, 2 years experience as a market risk analyst and I was unable to land an FA job for 2 years. Ended up at Primerica. They've paid for my life & health and series 6/63. The commission rips are not very good for entry level reps but if you're willing to recruit, you can last.

You might want to try an indy/smaller firm. They'll make you pay for everything though. So I'd recommend you have atleast 10-15k just to weather through the first 12 months. You're looking at about 1-2k for your licenses/training, and then probably $500-1000/month for their FNA/Client management tools/office space etc. Don't expect to earn a lot in the first year.

At Primerica, you will only pay $25/month for FNA/Client account management tools.

Companies that'll take you:
Waddell & Reed
Primerica
World Financial Group
Northwestern Mutual
MassMutual
MetLife

Some of those companies are more insurance focused. All will make you pay for your licenses, period.

I can vouch for Primerica. They have a solid online training program(scripts, flip-book presentations, books, videos). But you have to recruit and build a team to survive there. Unless you focus heavily on sales, you can earn about 50k/year. I currently make 36k/year selling just life insurance. Not a lot but you've got to start somewhere. I'm transitioning into a full-time recruiting role to build a team. Getting tired of sales and would rather teach people to sell for me.

Sep 26, 2012 9:34 am
Daffy:


Hey guys,



I am looking for a job as a FA.What would be a good place to start with?



I know this is a sales job and I'm not afraid of the phone (in fact, part of the reason why I am looking into this industry is precisely because the financial iindustry cold calls), I have setup a boiler room in the past, I can get B2B leads no problems. I can setup an call centre type autodialer for cheap. No college or anything, dropped out of a math undergrad (regretfully).



I'm in montreal, but I'm willing to move if there's a sureshot opportunity. I'm young and hungry so to speak. What is the best way to present myself? What is the best strategy to adopt?



Thanks gents, it's quite a long shot, but any help is appreciated. 

I would try to get a job as an FA's assistant. Often times they'll pay for you to get registered and then you can learn the business. I wouldn't go in for the pyramid scheme mentioned above. If a company is willing to hire anyone, it tells a lot about their investment in you and their belief that you’ll be successful.

Sep 27, 2012 12:43 am
Ulairi:
Daffy:


Hey guys,



I am looking for a job as a FA.What would be a good place to start with?



I know this is a sales job and I'm not afraid of the phone (in fact, part of the reason why I am looking into this industry is precisely because the financial iindustry cold calls), I have setup a boiler room in the past, I can get B2B leads no problems. I can setup an call centre type autodialer for cheap. No college or anything, dropped out of a math undergrad (regretfully).



I'm in montreal, but I'm willing to move if there's a sureshot opportunity. I'm young and hungry so to speak. What is the best way to present myself? What is the best strategy to adopt?



Thanks gents, it's quite a long shot, but any help is appreciated. 

I would try to get a job as an FA's assistant. Often times they'll pay for you to get registered and then you can learn the business. I wouldn't go in for the pyramid scheme mentioned above. If a company is willing to hire anyone, it tells a lot about their investment in you and their belief that you’ll be successful.

You've officially classified yourself as a troll. Congratulations! Call me when you can price a derivative like you said. I'll be waiting for years.