Wirehouse for new FA?

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.
Jan 14, 2009 3:21 am

With all the consolidation, is going to a wirehouse a good idea for someone starting out fresh as an FA?  Granted, I have a decade of experience in "the biz", but not as an FA.  If you think it is still a good idea, which wirehouse(s) would you recommend, and why?


Your input is greatly appreciated.


As additional background, I was considering SB, MS and ML, with a strong lean toward SB.  In addition to the uncertainty surrounding the new MS/SB venture, I am now reading about private discontent among existing SB brokers and that they, and their clients, are fleeing from SB like rats from a burning building.


Talk amongst yourselves!
Jan 19, 2009 1:26 am

Talk with the BOMs at the wires in you're town to get a feeling for where you think you'd have the best chances of succeeding.

Jan 19, 2009 4:51 pm

I would stay clear of any wires that have been in the news.  Prospecting is tough enough, when you mention that the firm you work for has needed a bailout...it's just one more hurdle you don't need to jump.

 
I would look at RBC Wealth, Jones, or a regional firm/bank.
Jan 19, 2009 5:25 pm
Baba Booey:

I would stay clear of any wires that have been in the news. 



I think that eliminates the wires!