Career Path for new CFP

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Jul 23, 2016 9:16 pm

Hey guys,

I've been working for BAML for 4 years now as an advisor and am at a crossroads in my career path. I have completed the CFP education requirements and the next step is to sit for the exam. The thing is I'm not sure if that's what I want to do. This is merely from a lack of education on opportunities for CFPs. What's the typical career path for a new CFP at one of these large brokerages? I would like to get off the phones and actually do more hands on meeting/planning with clients. From what I've heard, the PMD program may not be for me. The constant prospecting is not for me. 

Anyone have experience they can share?


Aug 15, 2016 3:12 am

So whats for you? People calling you to do business? How do you plan on having meetings and planning for clients if you dont go out there to get them?

Nov 2, 2016 8:09 pm

Just starting out myself. In my area CFP fee only planners are doing well (sample size of two). From their experience the best thing you can do is join a network, such as Garret and/or NAPFA. If you are not a fee-only planner (hourly rate / %AUM) the same applies. However, nothing replaces your ability to communicate your integrity through personal engagement (putting yourself out there).