[quote=kap39]Looking into the possibility of joining a firm as a member of a senior

advisor’s team or in an “apprenticeship”. Obviously this has great benefits

for the new FA, but besides being able to prune your book and pass on

lower new worth clients to the newbie, what’s in it for the senior advisor?[/quote]

I don’t have to walk all the way to the break room to get a fresh cup of coffee…

i knew there must be something

kap, you are wise.  Joe is just joking with you and you have to have a tough skin.

The Senior advisors are usually looking for someone to:

-cold call for them

-cover their phones while they travel, golf, etc.

-bring in the family and friends accounts of the trainee to the Senior

These Senior Advisors who are very successful, have alot of money and power.  NOONE is going to give you that.  You have to WORK for it or TAKE it.  They are very self centered and self serving.  They usually pass their books down to family.

And that's the fact Jack.

[quote=kap39]Looking into the possibility of joining a firm as a member of a senior 
advisor’s team or in an “apprenticeship”. Obviously this has great benefits 
for the new FA, but besides being able to prune your book and pass on
lower new worth clients to the newbie, what’s in it for the senior advisor?[/quote]



I get to keep the accounts when you leave.

I let the Senior Advisor I worked for pay for my licenses/training, mentor me a year, then left to go out on my own (really more to it than that, but it’s complicated).

I think working for a Senior Advisor is an oustanding way to learn the ropes, and depending upon the Senior Advisor you work for, it could lead to long term success (inheriting entire business etc.).          

Should someone (me) looking for a mentor look for someone with a similar style as theirs?  Or maybe someone with a totally different style so they can learn different methods?

[quote=ChrisB]I let the Senior Advisor I worked for pay for my
licenses/training, mentor me a year, then left to go out on my own
(really more to it than that, but it’s complicated).

I
think working for a Senior Advisor is an oustanding way to learn the
ropes, and depending upon the Senior Advisor you work for, it could
lead to long term success (inheriting entire business etc.). 
        

[/quote]



Exactly.  I started out the same way oh so many centuries ago.



All joking aside, even if you end up carrying his bag to go to
appointments and fetching coffe now and then, you will pick up more
wisdom at the foot of the throne of a successful producer than you will
wasting hours away in the corporate training sessions.  They’re
all run by refugees who couldn’t make it as brokers.



Just my frank opinion.

Joe is right.  those who can’t succeed teach.