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Dec 3, 2010 10:13 am

I currently excepted a position as a Financial Advisor Associate at MSSB.  I have read a lot of reviews with negative things about the training program and the amount of people that "make it" and how they have this process of "throwing spaghetti against the wall and see what sticks" .  I've been at a boutique for about a year and a half  but will most likely not bring a large amount of assets there if any at all.  So my question is how much more difficult is it really to be an advisor at this place.  Preferrably if someone is in the program or has done the program previously.

Any thoughts would be greatly appreciated as I don't want to leave where I am now...and go there....just to get fired again.  I am confident in my abilities but the people with the right experience will know what i am asking.

Thanks in advance for you thoughts

Dec 3, 2010 10:14 am

...I am also young by the way.  Like I said...only in the biz for a year and a half

Dec 4, 2010 5:03 pm

Was just let go a month or so ago from MSSB.  No doubt it is tough.  you can't believe what they tell you, if you go bust a**, I thought I was busting a** with $6.5 million in assets and $50K gross after 9 months but that still did not save me.  Think long and hard.

Dec 5, 2010 8:39 am

The goals for all FAA's who have started after October of 09  in the first 12 months to hit the top tier bonus level is $50k gross and 3.8mil in net aquaired assets. Either your exagerating your production prior to being terminated or you were given assets and did a lousy job getting your own clients.

Dec 5, 2010 3:07 pm

Why would i try to exaggerate??  I was hired in the fall of 09' in the old RFE program before October buddy!  Guess I should of said got laid off a few months ago.  Was given 0 accounts,  did some lending,  one big manged money acct anyway don't care if you believe me or not just trying to provide some honest insight.

Dec 6, 2010 9:10 am

Topnotch,

thanks for the insight.  I'm a little confused about that too though.  Maybe the program that you were in is that much different?  From what I can see in the Comp plan you need 50k within the first 12months of production and for the 1st tier (top tier) you need 3.5AUM ..... were you in the older program?  Where were you based out of?  How did you feel abou the branch you were at/the training?  Any other insight you have would be great.

Thanks

Dec 6, 2010 3:28 pm

MSSB Trainees??  Give me a call!!!  You joined  firm who will do nothing to support you and I have a major WIREHOUSE client who will love you and support  you!!!!

DG

(480) 361-9490!!!

Dec 6, 2010 3:48 pm

My goals in old program 12 month:

$70k gross

$7 mil AUM mostly manged money

Dec 6, 2010 4:02 pm

[quote=burtonfinancial1]

MSSB Trainees??  Give me a call!!!  You joined  firm who will do nothing to support you and I have a major WIREHOUSE client who will love you and support  you!!!!

DG

(480) 361-9490!!!

[/quote]

You are a recruiter??