Financial advisor for RIA

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May 29, 2009 12:41 pm

I am currently in pwm for a discount firm. I am thinking about a move to an RIA as a financial advisor. Is anyone familiar with this type of role. Is it part fnancial palnning part new client or asset development? I am used to a nice salary but am tired of selling poor in house wrapped product. Have CFP. Looking for role with smaller firm

May 29, 2009 9:41 pm

Not knowing much about your professional expertise, it appears to me joining an existing RIA Firm as an Investment Advisory Representative (IAR) appears the best option for you at this point.  Feel free to call me as I may have several RIA Firms I support who might be interested in speaking with you.  My email address is:  [email protected]


Jul 9, 2009 6:00 pm
iceco1d:

PHIA - Joining ANY type of firm, besides a discounter, is going to be about 1 thing:  Sales.  Nobody cares about your CFP.  Nobody cares about your "Book" at Chuck.  Not bring a prick, but if you think your experience at a discounter translates at ALL to what you'd be doing at an RIA, Indy B/D, Regional, Wire, or Insurance shop - you're wrong.



I have to second Ice's sentiment. It's not just an apples to oranges comparison, it's more like apples to elephants.

If you want to get into a commission driven sales environment, you can look at the FAA opportunities in your area with majors and regionals or even the bank options. Not that I'm equating bank FAs with wire FAs, but it's much closer than the discount business. As for CFP, it won't get you a job or make you a buck my friend, but your hard work will in this biz.