Which firm to start out at in Texas?

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Feb 7, 2011 3:43 am

I've been a Registered Client Associate since 2006 in both Jacksonville, FL and Honolulu, HI.  My husband is getting out of the military in April and we'll be moving to Texas to put down roots. I am now considering becoming a financial advisor in either Houston (my hometown) or Austin.

Here is my deal: my husband will be using the GI Bill to go to school for 3 years so I am a little concerned about going 100% commission while we're living on a single income. Which companies offer the longest training programs and best benefits?

Feb 7, 2011 9:21 am

Hello Lauren,

In your case I would try to go with a major wire (ML, MSSB) as they will pay you a base salary while you build your book of business.

Feb 7, 2011 5:43 pm

Wells Fargo would be a place I would consider. ML is hiring if you want to join a team (not a bad decision).  Don't know about the other large firms. Check with RBC. They may be hiring new advisors?????

Feb 8, 2011 12:42 pm

If I were you I would take a look at Chase or other bank programs.  I believe Chase will pay you a salary in the first two years while you build your book and also have the advantage of the banks clients to prospect from.

In my expeirence the number of reps who meet the goals at the major wires is minimal and in 2 years there is a strong chance your looking for another broker dealer.