I already did a search on this topic and my results were very few. Can anyone tell me what they about starting as an int wholesaler with Franklin Templeton as a career path. I have 4yrs of banking/finance experience and want to get back into the mutual fund side, but build the relationships. Pro’s Cons? Young guy, single, nothing holding me back from working hard.Thanks
You can probably make around $65 - 95k depending on your territory- if you're new it'll be on the low end as you'll most likely get a less lucrative territory. It's a great career path if you like to travel and work hard. It's important to be thick-skinned and take nothing personally. The asset mgmt firms have turned the corner from hard sales to bringing "value" to FA's. Be creative and buy into whatever that "value-add" is and you'll do well.
Is your intent to become an external wholesaler eventually? I think deskdads salary numbers are a little high. I would say that it is between $55 - $85. In all reality your pay is usually base (1/2) + commission (1/2) - so the 55-85 could be higher or lower. I agree that these asset managers have turned the corner and are much more focused on adding value but you are still required to make 50-100 dials a day. As in all things in life it depends on your attitude and the environment you work in. For the most part the sales desk environment can be a lot of fun.