Is it best to go regional or with a MSSB/ML type?
I am currently in the interview process with MSSB, but have talked with a RJ advisor from the west coast that LOVEs his firm. I know I know, he’s probably drinking the kool-aid. Seems however, that RJ is not as strict about sales quotas, and would let me built a business around retirement plans more so than individual families?Any input on what I am looking at for a starting salary at either? Drastic difference? Thanks
Build your book at wire, then move to a regional. Regionals are better when you know what you are doing. If you are starting out and have a clear understanding of what you want to do and how to do it, then maybe a regional will work- but most new entries into the business have not gotten that far. Base salary and lenght of salary support will likely be higher at a larger firm.Good Luck.
What are the issues with moving your book? I know that at ML, they make you sign a contract saying you can’t contact anyone in your book for one year. Pretty sure that would be impossible for anyone given that a certain percentage of anyones book will be with friends and ex collegues.
You can be successful anywhere with almost any firm. See what firm/culture fits you best and go there.
I know I’m a newbie to the forums, but have you considered going with a truly independent firm? I work with recruiters who have some great leads into the indie world.Just a thought.