Part time advice

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Apr 4, 2006 2:06 pm

I have been in the business part time for about 18 months. I am also a full time teacher. I love teaching, and don't anticipate leaving education for all the money in the world. However, I do enjoy the supplemental income that my financial work provides. I am not out to be a millionaire, which I know is probably not a popular attitude in the field, but my goals and objectives are quite different since I already am a part of a fulfilling profession. My goal is to help friends, family, and friends of friends, and I have been quite successful at that so far. If something big comes along, great. If not, I am quite content to keep "plugging along". My problem is that e&o, affiliation fees, rent, and most of all production requirements from my current broker dealer are killing me right now.

My question is this:

Are there any broker/dealers out there that are sympathitic to the part timer/little guy like me? (i.e. no production requirements, low e&o/affiliation fees, etc.)

Apr 4, 2006 2:11 pm

I think you described the nitch that Primerica owns.  Hopefully someone else will come up with a better choice. Good luck.

Apr 4, 2006 2:27 pm

There are many BDs that will allow it.  Most will be small to mid-sized.  Some will be jokes and some will be strong value-players in the industry. 

Apr 4, 2006 3:28 pm

Keep in mind that you may also be able to join a B/D under an existing branch office who would be HAPPY to have a part-timer on their team…

Apr 4, 2006 7:54 pm

Quest Capital is a broker/dealer that allows their reps to work part-time. I have no personal or professional experience with them, so I can't offer an opinion. Caveat Emptor.

Here is their website:

Good Luck!