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Mfsa is a shit show vs other firms and that’s my only contribution
Rising Star
I can absolutely tell you the difference. A FSA 1 is a Financial Advisor that sits inside of a Bank of America branch. They send you for your licensing and then if you prove yourself, by hitting your monthly and quarterly goals, you have the option to become a ADP MFSA where you are housed inside of a corporate Merrill Office. There you no longer have customers that are coming in and asking for advice and providing guidance, you are making phone calls all day to set appointments to sell investment solutions and financial plans. It’s a comprehensive FA role, that is a traditional method. Pound the pavement, but they give you leads to work off of.
My MFSA cohort started with 37 of us. When I left last year, there were only 9 of us left. Everyone either left the firm for a different role or got coached out.
It’s a tough gig… but hey go for it. I wouldn’t give back the experience. It made me that much more successful as an advisor outside of Merrill…