Has anyone gone through/completed Morgan Stanley's Wealth advisor associate 1 year program? Just got a job offer that will Segway me into the financial advisor program afterwards. Currently licensed with bout 3/4 years financial services experience. If so what was the salary range paid. Thank you cheers!

Majority of Advisors fail out of the program and then the business you brought in goes to the advisors you worked under, so the fat keep getting fatter. That’s how it usually works at the wirehouses like Morgan and Merrill.

If you’ve never been an FA before but you’re licensed I’d shoot for the investment consultant role at Fidelity or Schwab or work under a team at an RIA and be their B!tch for a little while. You don’t want to go in a role where you’re expected to bring in a ton of business and you end up failing out, the odds are against you in those roles.

RB transitioning to FA here. I was on the same boat. Are you fully licensed? 7/66 After a ton of research and many interviews (IC, FA, Private/premier banking), I chose to start the FSA role with BoA/Merrill. It’s a branch FA role where you are getting the referrals. Warm leads only, and fixed base pay (no drop-down at any rate). Commissions are paid on a % to goal basis.. It’s a great way to start building your own book without the anxiety of knowing each year your base Rate will drop. Glassdoor reviews for this tale had great feedback, and other member here thought it was a great place to start. Good luck