How do you decide whether to stay in a private bank role in the US with a $225K salary or move to a firm like Morgan Stanley or UBS, where you can own your book but forgo a base salary?

My book generates around $1M in annual revenue, but we’re heavily micromanaged—call logs are recorded, meetings are tracked, and we’re expected to hit annual goals. The idea of owning my book and gaining more freedom is incredibly appealing, but leaving behind a solid salary scares me!

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Posting as :
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I did exactly that 11 years ago. I was an investor head and worked at the GIO desk, but I wanted to own my own book, and made the move. Best thing I never did professionally.

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You bring 1M yearly. You can do it. Just trust yourself. Choosing your own book, you can do better. and rewards will follow.

Much lower risk if you already have some clients you can bring along. But private banks have super strong non competes and they are the banks clients and they will TRO and sue you in a heartbeat.

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Sounds like JPMorgan

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It’s scary. To work as a financial advisor?

Be careful as you step. That is solid pay you could come to miss. Those clients may be tied to the bank and may not leave with you. Be careful. Do you have trading skills? That could make up for the lost income whilst you are waiting for a pickup in business.

I once left this kind of role because the environment was toxic really and as i was waiting, i fell into trading. That brought in much more than financial advisory. I have been trading CFDs ever since.

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