Totally Rookie and need advise

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May 13, 2015 3:18 am

I have been interested in investments and investment business for a very long time. I am a full time accountant and a Rep. for Primerica. I love my full time job and I joined Primerica recently because I wanted to make some money on the side selling securities. After joining Primerica I realized the company primarily focus in selling insurance and not securities. Training in security side of the business is almost non existential and I am a little frustrated because I fell like I am not gaining anything valuable. All the training that are available are more about how to be a better sells person rather than training about the actual product and services. However, even with that said, I am not trying to criticize Primerica for what it is. I have friends that are making decent money selling insurance and recruiting. 

I have a series 6 license right now. I need advice as to what I should do. I don't want to be a pushy insurance person. I want to sell investments - set up retirement fund, college funds, sell stocks, mutual funds, insurance (if need be) and others. Like I said before, I love my full time job as an account. I want to be able to do both - accounting and investment. I know soliciting investment is tough. However, I have huge social circle that are really keen in setting up some shorts of investment plan. I will be happy if I can make just few hundred dollars each month by setting up investment. Extra money each month is what I am looking for. Can somebody please advise?

For a brief moment I was also wondering about Registered Investment Advisor. But with the very limited knowledge of the industry, I am little hesitant. I don’t have as much of an investable assets some of these companies are looking for. And with limited knowledge of the industry, I don’t know if RIA will be a fit for me.

Any advice will be appreciated. Thank you.

Jan 3, 2016 1:30 pm

If you don’t want to learn how to be a pushy insurance salesman, you have definitely chosen the wrong path. Im not sure, but if you can get your securities license thru Primerica, and then leave after, that might be the route to take. Im not sure, with your level of intelligence, that you will have the patience or lack of moral fibre to wait it out tho. You will have to sit thru two weekly meetings about learning how to recruit, as well as them hassling you to line up sales appointments with your family and friends. Frankly, Primerica has the reputation of being the Amway of financial services, so that may hurt the credibility you have with your existing accounting clients even.