MSSB FAA vs WFA FAA program

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Sep 28, 2012 4:21 pm

I'm looking for some feedback in order to make a decision on where to plant my feet and would appreciate input.

Recently left the PMD program at Merrill Lynch - passed my S7, but (oops) missed the 66 by one point!  After interviewing widely have received offer letters from both MSSB and Wells Fargo Advisory locally.  I have an idea of which way that I'm leaning based mainly on the impression that I've had of one of the Branch Mgr's.  Both are good guys but one seems much more proactive and hands on, whereas I've heard that one of the two promises much support but it's lacking once you start.

Training salary seems a little more regressive at MSSB but the same for the most part; brand has positives and negatives at both.  

I'd welcome others thoughts.  Thanks.

Sep 29, 2012 4:06 am

Besides you missing the 66 by one point why do you want to leave ML? Did they not give you a second chance?

MSSB is more of a wirehouse compared to Wells it all depends what you feel comfortable doing.

Commission wise MSSB would prob pay more because it would be harder to get clients.

Oct 3, 2012 12:06 pm

Thanks for the feedback ccon2000. Didn’t want to leave ML, but did not get second run at 66. Complex Dir. was very fair and tried to come up with a “partnership” alternative but req’d a Sr. FA to be on the hook for my minimum hurdles throughout program… not so objectionable in month 6, but if I threw up a goose egg in month 32, that was too ugly to ask; so - out the door.

Very hard decision but I’ve gone with WFA. Still have to retake the 66, but now that I can choose a new program instead of ML’s (whole other story) I should be golden.