Laid off broker need advice

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Mar 11, 2009 2:32 pm

I recently was forced to resign from a firm tht I’d been working for around 1.5 years. This company was supposedly financially sound but started forcing people to resign or terminating people for the smallest things. Now I’m out of work and looking for options. I’m interested in tagging on with an indy or smaller firm as an assistant/associate so I can learn the business and build a book on the side.

  Any advice on where I can look for opportunities? I've heard of brokers doing that and becoming fairly successful after awhile. I'm willing to relocate too if that's necessary.   Thanks!
Mar 11, 2009 6:24 pm


I think the best way is to find a rep who has been in the business a long time and team up with them, easier said than done I know, don't expect much at first, you don't have much to offer.  You'd call all of their B and C clients, service the hell out of them, work them for referrals, maybe you could specialize, like you handle only LTC sales for an office of 3 or 4 planners split the comp.  This will allow the older more experienced rep to focus on his A clients (bigger tickets/ more revenue), and will allow him to live a better life (less service work/more free time, etc.) it also gives them an out if they want to retire, work part time, down the road etc.

How would I go about getting this position?  Go get an education, many schools now have a degree in financial planning or fufill the requirements to take the CFP exam.  No veteran is going to let some dumb rookie talk to his clients, show them your serious and committed.  Make a prospect list of older reps, ask to shadow rep for a day, tell them you'd like to take them to lunch for allowing you to spend time with them, or drink etc.  Tell them the above stroy about what your hoping to do and why. 

 If I had to start from scratch that is how I'd do it, no other way.  Now that I have some experience and creditials I have had some offers just like I mentioned above.