New trainee with opportunity

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Oct 24, 2010 7:32 pm

So my problem is that I just signed on with a firm a little over a week ago and while it has been a good experience, it's a small national firm that does ZERO marketing and no one I've talked to has ever heard of them despite the firm being around for decades. I've been studying for my series 6, 63, and insurance licenses at this small firm for almost 2 weeks and am a week or so away from taking my series 6 exam.

A friend of mine works at New York Life and I was interested in that company initially, but it didn't seem like they were hiring and this smaller firm was, so I got hired and so on and so forth. Now however, I've been told there might be an opportunity at NYY from a family friend and was going to try to meet with this contact this week.

Obviously I am not worried about client retention because I don't have any, and I haven't told anyone that I've been hired by the small firm so no one will know I've switched. I am okay with the small firm but they have been treating me like I'm not really an employee until I pass my exams, as in they don't want to get too attached in case they have to fire me. (Talk about a confidence killer)

How much of a pain is it going to be trying to switch firms? I don't even know if they've submitted by U-4 yet, but should I stay until my series 6 exam is passed and than go (since I've already given the firm money to register me for my exam), or should I try to leave immediately if NYY offers me a position that I feel more comfortable/confident in? 

Sorry, if I seem overly conflicted. I am looking for a career job to settle into for the next few decades so I want to make sure I made the right choice. I am a hard worker and consider myself intelligent and really want room to move up in a company.

Thank you in advance for any advice.

Oct 25, 2010 12:52 pm

Unless the small firm is a boiler room op that is forcing you to pay for your licenses etc there is no reason to move. Technically, every independant on this forum works for a small no name firm. Yet, on average they make much more than your average NYL agent.

I started with a small high end firm without national name recognition. I won't say the big name isn't going to help, the truth is I only know what my experience was. And that was, the small no name firm wasn't a hindrance.

Oct 25, 2010 1:07 pm

This biz does not lend itself to wishy washy, I changed my mind, the grass is greener...

You made your choice, stick with it.

There is no firm in the world today with a good enough reputation to greatly assist you in opening new accounts, gathering assets. It's tough as nails, no matter where you work. And if you can conquer that, then you get paid the big bucks.

Oct 26, 2010 5:52 pm

slowtec, the firm you are working for is not First Investors is it?