Who makes the most money?
Ask a rookie question:Who makes the most money over same period of 5 years, retail stockbroker, wirehouse financial advisor, or an insurrance guy? What I really try to ask is who has the potential make more money in a long term projection?
The guy that works the hardest, opens the most accounts, gets the bigget clients, has the most relationships, etc. I am not being flippant. This is the gods honest truth. We could all sit here and debate all day long, but it REALLY comes down to what you do between the walls, not which firm or which channel you pursue. We could each highlight all the extreme highs and lows in each business. Honestly, for the average person in the average market, I think insurance offers the msot potential. It takes a lot to be a “big” producer in the investment world. You need either time, money, or connections to money. In insurance, literally EVERYONE with ANY money is a potential client.
Thank you B24.Two more rookie questions: What's a seasoned broker? What does RIA stand for? My English is indeed not sophiscated enough, that's why I found this forum extremely helpful. Thanks everyone! You guys really got me into this whole FA career.