Personal Banker to start
Does anyone have any insight, advantages or disadvantages to starting out at a bank such as Chase or Bank of America as a personal banker vs. a wirehouse such as ML, or UBS as a FA trainee? How quickly can someone become a FA at a bank if you start out as a personal banker?
Thats where I started and I wish I wouldnt have. The reason is that you have many other "hats" you have to wear working as a PB. If you want to be an FA dont start out as a PB. The banks like to drag their feet with getting you the licenses and make it really hard for you to focus on your investment business while a PB. The only advantage I can think of is that you are sitting on the assets working at a bank......
Isn't sitting on the assets the hardest thing to get? Why not deal with the other issues as a PB, but have access to the assets and build relationships that way? And move on to a FA in a couple of years? Just looking for others ideas.