Which Firm for 40 yr old, 1 yr as FA?

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
May 20, 2014 4:13 pm

Have been in the business as an advisor for 1 year.  Have series 7, 66, insurance license and have passed CFP coursework, planning to take the exam in November.


Supervisor is 300 miles away, never see him, minimal input on anything.  Brought in to work on a team with existing business and leads.  That is not the reality; leads are slim, record keeping is non-existent and splits are routinely falsified.  Not making it financially.


Two questions:

Can anyone recommend firms that will hire a rep to work on an experienced team to learn the business for 1-2 years and pay a reasonable salary?


Is any bank or wirehouse particularly known for outstanding advisor training?


Thanks in advance,



May 29, 2014 12:47 am

Hi Needacareer!

Where are you located? I have a pretty big network at a variety of firms and I would be happy to help get you connected with the right people in your area.



May 30, 2014 4:55 pm

Get out now. The business is going to robo advisors anyway.

Jun 20, 2014 6:06 pm

Hi Needacareer -

Outstanding training and support - Best is WFA, but good luck finding someplace where the company is actually interested in hiring you onto a team and supporting w/salary while you learn the business. It’s just not out there unless you join a relative, same as it ever was. You find it? Let me know.

Jun 24, 2014 12:38 pm

Needacareer, you should check out Edward Jones. They’ve revamped their compensation recently understanding that its a difficult industry to survive in as a rooki (both in pay and in building a business). They’re known for their training and ongoing support as well as being #4 on Fortune magazine’s “100 Best Places to Work”.