Help with Banks

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Jul 13, 2007 11:12 am

Within the next couple of months I will explore opportunities with banks in Michigan. I would appreciate recommendations on banks that are flexible (as flexible as banks can be) with their reps and allow them to do fee-based business where the rep selects the investments rather than a third party money manager.


Jul 13, 2007 4:51 pm

Unless the B/D has a recommended list or individual stock models, I doubt you are going to find many bank management programs that are going to let you run investment models "naked."

For that matter, even a wirehouse will only back your recommendation if it was theirs also.

Jul 13, 2007 8:32 pm

Bankfc is correct on all counts.

Jul 13, 2007 11:27 pm

If you have your CIMA or CFA why don’t you become an asset manager & sell your services to reps?

Jul 16, 2007 11:04 pm

You could try trust departments.
A firm I used to work with had someone doing something
similar for fee-based accounts.

Comerica is the largest bank in Michigan…start pounding on doors.