Anybody a Investor Center Account Executive at Fidelity?

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Jun 17, 2010 3:13 pm

Being recruited for an Investor Center Account Executive position at Fidelity.  Pretty happy where I am at, but it never hurts to talk to them.

Anyway they want people who already have a 7 & 66 Life and Health and clean U4 5 or more years in the business.  Told me "you will inherit" a book of 300 to 400 clients and be compensated for growing and maintaining that business".  They pay all expenses.  You get base salary (a dirty word salary is)  and bonuses so that first year compensation is expected to be $140k.

What say you all???  I am independent now and the corporation BS, targets, business planning might be too much for me to swallow.  But for the right money, hey I can still do handstands.

Morean are you still out there?  How do you e mail privately in this new system??

Jun 17, 2010 8:43 pm

140k seems a little too good to be true.  If so, you should probably grab it.

Jun 18, 2010 7:58 pm

140k is way toooo good to be true.  In fact, mostly BS.

How much is the base salary that they are offering?

I have some friends who went to work to Fidelity after dropping from Ameriprise, and i am thinking they are clearing about 60k.

Same thing, indy vs being a number in the system where the clients are NOT YOURS!

Jun 21, 2010 2:57 pm

Base $46k.  Hey I am skeptical too, been in the business long enough and heard enough bull.

Actually not too concerned who the clients belong to.  I am turning 50 next year and this might be a good fit for the clients I have, and the clients they say they have.  We will see.  Job Fair coming up.  That already turns me way off.

Jun 22, 2010 12:36 pm

Decided to REJECT THE CATTLE CALL.  Hey I am at a great firm and I got a nice little book.  Let them come and get me with assets and revenue on paper if they really want me.  Jabronies

Sep 19, 2012 12:07 pm

I hate to tell maybeeee this but you blew off a great opportunity. My friend has been an account executive for 2 years now and is making 170k. His first year, he made 138k. They pay you a non-negotiable salary of 42k, but depending on whether you are starting with clients or from scratch, you can make an additional 100k in bonuses. Only 2 out of the 3 bonus buckets are based on sales, the other 2 are based on retention and customer surveys. You are almost guaranteed a 15k bonus at the end of the year on customer surveys. On top of that, if you get promoted to Senior Acct Exec your base pay jumps to 70k and you only work with customers above 1MM. My buddy has 450 clients now, so he’s done growing. Fidelity only asks that he continue to retain and grow those 450 customers. The account executive position at Fidelity is one of the best in the industry. I am trying to get in as we speak.

Sep 19, 2012 12:09 pm

And yes the Investment Reps top out at 60-70k, however, the account executives only work with clients who have 250k-1MM. In two years, he has a $400 MM book … YES, $400 milion. 80% of his clients are local, therefore, if he left, a good number of them would go with him.

Oct 15, 2012 5:15 am

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