Is it best to go regional or with a MSSB/ML type?

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Aug 25, 2009 9:35 pm

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
Aug 26, 2009 8:48 am

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.
Aug 26, 2009 9:48 am

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.

Aug 26, 2009 10:16 am

You can be successful anywhere with almost any firm.  See what firm/culture fits you best and go there.

Aug 26, 2009 10:49 am

Appreciate the feedback!

Aug 26, 2009 3:37 pm

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.