Newly licensed career changer help

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Jul 21, 2010 2:56 pm

I have run my own small business for the last 9 years that is heavily dependent upon sales.  Although I have been successful, I am looking to take my skill set to the next level in hopes of greater fulfillment along with greater income.  A family friend who is a BD sponsored me to get my Series 7 and I will sit for the 66 next week.  Goal is to become CFP.  What are some of the best options for me.  My business is currently under contract which will provide a nest egg of sorts, but not interested in going from making 90k to 20k.  I have read the EJ and MSSB threads, but I am not a new college grad, and have already been working 60-65 hour weeks doing sales and cold calls.  Family friend will mentor me, but no salary or benefits.  I am confident in my abilities, but would also like some dough in the short run.

Jul 21, 2010 9:08 pm

If you eventually want to be Indie just start that way with your friend otherwise you will be tied in for years with a training agreement with another firm.  Keep in mind the salary goes away after 2 years so IMHO you should just start indie and get a higher payout in lieu of a training salary at a large firm.