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I have 6 YOE in. Net+Angular and got an offer from Legato Health Technologies with 20 LPA Fixed, i joined Infor just 11 months ago with 12LPA Fixed and i will get the hike in August. If i resign now i will not get hike and i am a critical resource in the project, i guess Infor might try to retain me by matching offer. What should i do? Should i resign ASAP and not negotiate with Infor . I have all these doubts because Infor is a product based company.
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I’ve been in the industry for 16 years and work for a company that appreciates family. I have 4 kids, 2 rental houses and a joint owner of husband’s engineering firm. If you find the right independent firm, you make your own hours. Financial advising, if done right, is not “selling”. It is helping motivate people to implement solutions to improve their financial lives! When you think about is this way and help your clients tell you their needs, wants and wishes, it doesn’t feel like selling at all. Mother’s are excellent FAs! We help motivate little human beings and support them through difficult times.
My current advisor truly has been great with the work life balance of kids/school/Covid. He just doesn’t see the need for me to grow independently.
If you find the right firm that gives you the respect a working mother deserves, the time is now.
Mentor
Author Assostant Manager—You’re being fleeced. First of all, I would question why you’re salaried. Review what’s required to categorize an employee as salaried to see whether you fit. On the face of it, it would seem you’re salaried so that he/she doesn’t have to pay you overtime.
Second, it’s unhealthy to be working that number of hours a week, especially if you have no choice in the matter.
Finally, you have power you don’t realize, or you are choosing not to deploy. If you’re good at what you do, you are an integral part of that practice and key to the adviser’s success. There are plenty of advisers who would be ecstatic to have someone like you. So, you need to ask for what you want, what you deserve. And of you don’t get it, you need to find another job that will give it to you.
Start with thinking about what you want/need to make the job work for you, write it out, then have a serious conversation with him/her in which you’ll spell out what you need to have happen. Part of that strategy is to have a contingency plan for what you do if you don’t get what you want.
I feel being an advisor will give you more freedom for kiddos. Just have to create an ideal calendar
I am having the same thoughts. I’m a single mom of a 6yo, and I’m really scared to take the leap. I’ve decided I’m going to go all in because I know I’ll regret it down the road if I never tried. We need more women in this industry, that’s another big motivating factor for me.
I’d be glad to talk you through this. Not trying to recruit (I’m in MN), I just feel your pain, hold the same beliefs about service and money, and have had the same doubts in my career, which I began as a second career at the age of 50.
Message me if you’d like to talk.
My fear drives from not being a born seller. I currently have one advisor with 160M AUM and 400 households. The work load I can handle. I am client focused. I care more about the making the right decision than making money. I just don’t know if I have it in me. Been in the industry since college when I managed my sole parents estate. I have the passion.
If you would be teaming up with the $160mm book with 400 households; it may be worth it. Those 400 households probably have a lot more assets. I manage like $500mm and I don’t think I have 400 households. My largest household is $20mm with most in the $3-5mm range. Those 400 household probably have a lot of hidden assets.
Where do you live?
Indianapolis.
Community Builder
Women make excellent FA's! Just make sure you find yourself a firm that puts family above time in the office. Here is a great article that talks about this and the importance of championing women in our industry. feel free to reach out if you want to chat more.
https://www.advisorhub.com/resources/rfgs-spotswood-highlights-opportunities-for-women-in-wealth/