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Feb 6, 2009 3:09 pm

I was recently laid off from an independant financial broker/dealer. I started working at the firm as a technical support rep on the help desk for advisors. During my 5 years there, I worked my way up to the training department where I taught the end user (advisors & staff) how to use our software applications. I also obtained my Series 7 during that time.

 
I would like to make the transition over to the financial side of things and work at an office. Does anyone have any recommendations on where to start? I have not found that many entry level or junior positions (if any) are ever advertised on websites like Monster.com or Dice.com. Are there any sites specifically for my needs?
 
Thanks in advance!
Feb 6, 2009 3:45 pm

www.brokerhunter.com

Feb 24, 2009 10:40 pm

Thanks. This was definitely a good start, but I am finding it hard to locate any real positions here for someone just starting out in the industry. It appears that all of the job ads are looking for established RR's.

 
Any other tips?
Feb 24, 2009 10:44 pm
joshuah:

I was recently laid off from an independant financial broker/dealer. I started working at the firm as a technical support rep on the help desk for advisors. During my 5 years there, I worked my way up to the training department where I taught the end user (advisors & staff) how to use our software applications. I also obtained my Series 7 during that time.

 
I would like to make the transition over to the financial side of things and work at an office. Does anyone have any recommendations on where to start? I have not found that many entry level or junior positions (if any) are ever advertised on websites like Monster.com or Dice.com. Are there any sites specifically for my needs?
 
Thanks in advance!



Put on a suit and start walking into local branch offices.  Ask for the branch manager.

Feb 24, 2009 11:06 pm
 
 
You could try calling existing brokers. Why go talk to the branch manager, when you can talk to the brokers direct? The BOM might know of someone interest in teaming, but maybe not. They might also have politics in play that would keep him from opening up about things.
 
Google advisors in towns you want to work in. Call them directly. Tell them what you would like to do. You will impress them with your courage and willingness to cold call. Then, you have a producer (you hope to have a bigger producer put some weight into bringing you on board) pressuring the branch manager to bring someone on. Now you are cooking. You've also shown an ability to leverage and use influence.
 
If a broker isn't interested, they MIGHT know someone who is OR be willing to ask a Wholesealer to hunt someone who is for you. That's how I'd do it.
 
Kickin and Takin
 
Feb 25, 2009 5:49 pm

Primerica.  I had 5 years of experience, as a favor to a friend I went and listened to the area v.p.  (whatever the f that is)  and when I asked what I'd get because of my experience and existing book of business, he actually said "that's the beauty of our company, we all start off at the same level".    Turns out it's like selling Amway, get someone beneath you and you get a spiff off of their sales.  OR  Madoff Ponzi scheme. 

 
After writing this I realize I offered no relevant information to your question.  So, go look at Ed Jones, look at a bank, try to network and find a rep or team that might let you come on.  You could go to a wirehouse and be a Sales Assistant for a while.
 
Good Luck and you must have "Balls as Big as Church Bells"  to becoming in right now.  No where to go but up I suppose!  Of course we could keep going down. 
 
Feb 25, 2009 7:16 pm

With all due respect, I couldn't think of a better time to be coming into our business. Every broker has clients that are dissatisfied with him/her, rightly or wrongly, and that's just some low hanging fruit for prospecting.

Feb 25, 2009 8:06 pm
jkl1v1n6:

Primerica.  I had 5 years of experience, as a favor to a friend I went and listened to the area v.p.  (whatever the f that is)  and when I asked what I'd get because of my experience and existing book of business, he actually said "that's the beauty of our company, we all start off at the same level".    Turns out it's like selling Amway, get someone beneath you and you get a spiff off of their sales.  OR  Madoff Ponzi scheme. 

 
That's funny you should mention Primerica. Shortly after posting my resume on several websites last week, I got a call from a local Primerica agent. It sounded fishy the way the person pitched it on my VM. That and the fact he never returned my phone call made me think something was up.