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Mutual Fund Wholesaler

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Jul 29, 2007 6:32 pm

I have been talking to a mid size Mutual Fund Co. about a Wholesaler position.

Appreciate any input on the Pros and Cons of this position.

Jul 29, 2007 7:19 pm

Call them immediately and tell then you’ll take the job.

Jul 29, 2007 7:23 pm

and make sure you bring bagels to my office. I never see the wholesalers

that bring donuts.

Jul 29, 2007 8:37 pm

In other words, you dont think being a wholesaler is EASIER than being a broker, do you?

Jul 29, 2007 10:34 pm

[quote=Bobby Hull]Call them immediately and tell then you'll take the job. [/quote]

Why did you say that?

Jul 29, 2007 10:35 pm

[quote=pratoman]In other words, you dont think being a wholesaler is EASIER than being a broker, do you?[/quote]

I think they make 200k for serving breakfast and lunches.

Yes I think it is easier than being a broker.

Jul 30, 2007 12:03 am

[quote=NaySayer]

[quote=pratoman]In other words, you dont think being a wholesaler is EASIER than being a broker, do you?[/quote]

I think they make 200k for serving breakfast and lunches.

Yes I think it is easier than being a broker.

[/quote]

You still have to hit numbers. If you dont, you wont be in the job for long. And I dont know about you, but as an FA, a wholealer has to really make a clear case to convince me to replace one of the funds I use with his fund, and thats if he gets to talk to me. They all serve breakfast and lunch, and they all sound the same

Jul 31, 2007 1:29 am

Get ready for rejection…again…and again…and again. 99% of wholesalers never get past my assistant, and if you think I’m tough, wait until you try to meet with a producer with serious numbers.



Tell me what fund company you’re talking to and I’ll tell you whether or not I’d see you…deal?