Opinions on Financial Advisor

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Sep 5, 2008 6:12 pm

What are wholesalers? I know people call them to sponsor events or something of that sort?

Market research - I was told to do this when not prospecting (hours). Do I have to figure out what they should invest in and what they should do with their money? (looking at large firms like ML, SB, MS). Actually how much influence do I have? Do I tell them to invest in certain stocks or just simply Aggressive, Moderate, etc and sell products from the firm and asset allocation (like %% in index funds, mutual fund, bonds, etc)?

Why do I never hear anything about JPMorgan Chase and their Financial Advisors?

Do firms like Goldman Sachs, Deutche Bank, Credit Suisse, Lehman Bros hire FA?


Sep 6, 2008 4:46 pm

Anyone? 

Sep 6, 2008 8:33 pm
BoilerRoom:

What are wholesalers? I know people call them to sponsor events or something of that sort?




Wholesalers are sales reps with limited technical knowlege who are paid to convince you to sell their company's product over another.  They will, of course, suck up to you and try to convince you that they are your buddy and a trusted source of information.  In reality theyare pretty much a complete waste of time.  Avoid them.  Ask experienced advisors in your branch what they use, and do a little due diligence of your own.  Avoid switching products all the time...stick with what works.