Part-time rep

May 16, 2005 4:30 am

Is it possible to become a part-time rep while working for another full-time job? I recently resigned from a brokerage firm but if possible, I want to be able to manage my family and relatives' accounts.

Thanks.

May 17, 2005 12:47 am

This broker allows you to work part-time, from your own home or office. I don't have any opinion about them. Do your due diligence!

http://www.qcwelcome.com/

May 18, 2005 3:17 am

go to Waddell and Reed

May 26, 2005 6:48 pm

Avoid W/R - they suck from my experience. See my post worrying about them as a resume killer. They try to act like a real place but just gave me the creeps.

Jun 8, 2005 3:03 am

It is possible I do it right now. I hold a seminar every other Sat and see clients during weeknights. Most of my clients are looking to add 1or 2 dividend paying stocks, I do some Munis and Immediate Annuities to Seniors ,and I also work with people that are looking to add something that they can't get in a 401k like a Reit Fund , Prescious Metals, etc. Keeps me in the industry and most of the people are low maintanence. They have financial planners already or work with the feebased type.

Jun 10, 2005 8:04 pm

Rader

are you indie?, or associated with 1 of the above frims?

do you work another gig as well?

Jun 11, 2005 1:13 am

theres nothing wrong taking a part time job when you are currently working as full time… im also having my part time while working full time…its just time management

Jun 11, 2005 5:50 am

[quote=radernation-1]

It is possible I do it right now. I hold a seminar every other Sat and see clients during weeknights. Most of my clients are looking to add 1or 2 dividend paying stocks, I do some Munis and Immediate Annuities to Seniors ,and I also work with people that are looking to add something that they can't get in a 401k like a Reit Fund , Prescious Metals, etc. Keeps me in the industry and most of the people are low maintanence. They have financial planners already or work with the feebased type.
[/quote]

Yah I would trust you to invest my money....you can't even spell man!

Jun 11, 2005 6:33 am

Thats why they have spell check. Sometimes I forget to use it! by the way Yah is not a word! Now do not make Raider fan angry joe da brkr !!!!!!

Jun 11, 2005 6:33 am

Jun 11, 2005 6:41 am

Hey Price , I work for Quest Capital and I work about 30 hours a week at a regular job.It can be done. I just don't wanna end up like my broker friends that got burned out in 99-00. They would work have a couple of drinks and then proceed to hit every bar here in Scottsdale and by the time we would get in it was 3 or so then they had to be at work at 5am .They ended up looking like crap after awhile. And of course they saw their income drop with the crash.

Jun 11, 2005 6:52 pm

[quote=radernation-1]

Hey Price , I work for Quest Capital and I work about 30 hours a week at a regular job.It can be done. I just don't wanna end up like my broker friends that got burned out in 99-00. They would work have a couple of drinks and then proceed to hit every bar here in Scottsdale and by the time we would get in it was 3 or so then they had to be at work at 5am .They ended up looking like crap after awhile. And of course they saw their income drop with the crash.

[/quote]

Then maybe they should drink less and get more sleep?

Jun 11, 2005 11:26 pm

radernation-1,

I have posted the website for Quest Capital (QC) numerous times, for those looking to work parttime as a broker. And I have urged them to do their own due diligence on the firm. However, I've never spoken to anyone who worked with (QC).

Is your experience with (QC) similar with how it's explained on their website?

Does compliance have a fast turnaround on submitted ads/letters/etc. and are they reasonable on what's approved/disapproved?

How's their trade execution?

Are their account statements understandable?

Any particular problems with them as B/D?

If your experience is mostly negative, I will no longer post their website in response to any future requests. Thanking you, in advance, for your responses.

Jun 12, 2005 3:39 am

I agree with you .

[quote=joedabrkr][quote=radernation-1] Hey Price , I work for Quest Capital and I work about 30 hours a week at a regular job.It can be done. I just don't wanna end up like my broker friends that got burned out in 99-00. They would work have a couple of drinks and then proceed to hit every bar here in Scottsdale and by the time we would get in it was 3 or so then they had to be at work at 5am .They ended up looking like crap after awhile. And of course they saw their income drop with the crash.
[/quote]

Then maybe they should drink less and get more sleep?
[/quote]

Jun 12, 2005 8:38 pm

Yo, radar. You posted, but didn't answer my questions, a couple posts back.

Jun 13, 2005 3:39 am

Hey Dob heres the deal. You can do transactions online or call in to the trading desk. As far as compliance goes depending on what you want to do it can take 1-2 weeks. I live in Tempe so anyone that is a plane ride/drive away from their home officein Ca I would recommend they go to there to meet the staff . In addition if you produce $2000 per month you can get an 85% payout. Now ticket and clearing charges are paid by the rep so that can eat into your income. Also the business cards can take time as well to get from them. But overall they have a good program and if you ever leave them you take your clients no questions asked! All in all a good company to work for as an Indy.

Jun 14, 2005 12:41 am

[quote=radernation-1]

Hey Dob heres the deal.

-------------------------------------

Hey Radar,

Thanks for the response. I was just curious.

[/quote]

Jun 14, 2005 1:28 pm

Raider

thanks alot for your input. I had sent for thier info, but some of the brochures were kind of vague. I appreciate your insights.

Jun 15, 2005 4:04 am

Your welcome I believe you will like them.

Jun 15, 2005 10:25 pm

Question -

After ticket charges and such - what is your actual average payout
rate? Do you get any help with your clients from the firm?
For example, if they want help and you aren’t available, is anyone else
going to help them or are they stuck?

I run an investment firm and we have taken on some almost retired and
part timers in the past and we pay out a straight 50%. The
difference is that we only handle locals and we are a lot of help
working with the clients. Most of our brokers take 1-2 months of
vacation per year and I’m (and my assistant) the point man for the
accounts when they are away. The broker still gets his 50% even
if I do all the work. It’s worked out well for all of us.

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