I am seasoned FA ... been licensed in the insurance and financial industry since 2004. I was forced to resign from a salaried position and looking for anything until I get hired on another firm.

like
Posting as :
works at
You are currently posting as works at

Sounds like a tough situation and I know your world is suddenly upside down. Have been there myself years ago, and while it sounds cliche I can honestly look back and say that it turned out to be ultimately for the best. It didn’t feel that way at the time, but it opened up opportunities that I likely wouldn’t have explored otherwise and I ended up much better for it. At this point it is what it is; try to only look forward. Onward and upward. The nervousness and uncertainty will give way to more positive and exciting things. All the best to you.

likeuplifting

Ok ... well, everybody has an opinion ... and u are entitled to that opinion. I wish I could tell you exactly why ... god knows I tried to get them to tell me ... I almost begged them to. Verbatim I said ... “please can u tell me what I did so that I don’t do it again in my next position...” HR said ... “look we don’t have to give u a reason or examples...we have made up our mind to dissolve this relationship. U can either resign or we will be forced to terminate your position and that will not look good on your U-4.” I have legal experience (10yrs with attorneys in my last life) so I should have been more verbal but my mind was BLOWN and I couldn’t think ... hindsight is always 20/20. My production was great, I had learned the system (smart station in less 4 months), I am VERY ACTIVE IN downtown Rogers (was lead person on a mini event for go downtown Rogers-also have references from board members that helped me along with small business owners in DT that are sponsors and participating in the event. I also am working with several small business owners (20 ladies in the community-entrepreneurs) on a women’s seminar that we are hosting in Nov. please before u judge or make comments about “skepticism” gather all the facts and then determine whether I “deserved” the forced resignation. Let’s JUST SAY, many of the folks downtown that I have worked with, on the mini-event, were FLOORED and QUITE FRANKLY EXTREMELY disappointed in their decision. I have been in the industry series 7 licensed for 9 yrs, managed a book of 50k, have NEVER had a complaint from my clients or prospects. I value my integrity in my professional life and would NEVER DO ANYTHING to spoil that reputation. With that being said ... “thank you for all your responses...”

likeuplifting

Here in lies the problem. You need to request your U5 from your old firm. That will tell you the reason. Without that, it will be tough to give you any input.

If you were forced to resign and it says “resigned” on your U5, you should have no problem.

I do have to ask, how could they force you to resign and you not have any reason. Usually when someone is forced to resign, they are given an ultimatum, “you either resign or we fire you for XYZ.”

like

Look at Bok Advisors position there in Rogers I was with them for several years and it would be a smooth transition potentially.

uplifting

Thank you financial Advisor ... the encouragement is welcomed. Yes, this shook me to the core, no doubt. Especially because most people believe the worst (FA’s, including myself, are realist and skeptics ...) I pride myself on industry ethics, clients happiness, and my production for my employers/BD’s. As u said, “it is what it is ...” my determination, fortitude, and people like you encouraging me, I will come out on top. I’m looking forward, staying positive, and doing everything in my power to stay positive. Thank you again!

like

If u have anything ... call 4796445281 ... Amanda

Where are you located?

Rogers AR

Forced to resign for what reason?

Call me and I will tell u ... 4796445281 ... it would be hard to convey on fishbowl

In a nut shell ... they wouldn’t give me a reason (which I was told that they had too-honestly, I was in shock so I was caught off guard and dumbfounded) had just passed a compliance review with flying colors, the last 4 weeks I brought in 32k gross commissions, heavily involved with the local community etc etc ... so, I don’t have a definitive answer for u) ... i have several theories none of which would have anything to do with my character or work ethic

And the skeptic in each of us says that’s not the whole story...

That is exactly what they did ... said either resign or we will be forced to fire u. The only example that was given ... on the mini event, that I was directing along with a lady that was on the board of “go downtown Rogers” (I couldn’t be on the board due to bylaws, had to run a mini event and be a part of godowntown rogers for 1 yr) ...I sent an email to my task force (sponsors of the event and a few small business participating in the event that had an attachment for the “press release” in the BODY OF THE EMAIL I WROTE ... “please DO NOT DISTRIBUTE THIS PRESS RELEASE DUE TO FINRA RULES and I have to get compliance approval ...” highlighted and in all caps. I copied my regional leader along with our marketing department as well. When I explained that it was not advertising and that I wanted to make sure the sponsors and small business liked the way it “read” ... that’s when HR said ... “look, we don’t have to give u a reason and examples ... we have made our decision and we are comfortable with it ...”

Oh ... 1 more thing ... the lady on the board went back in her emails and found that we had been emailing each other on the mini event starting in Jan ... it was a poor example that was given ... and HR obviously felt that anything further that she shared with me could possibly be incriminating to the firm. I KNOW WITH all my will I can muster that it was a decision based on personal matters; not professional. I almost wrote a letter to HR requesting my personal file (patriot act) but a mentor that is a friend and trusted advisor recommended that I would move forward and let it go due to the size of the company and political affiliations in the community. I wish I knew ... I loved it there ... and I was immersing myself in the community (I still am), and I believe in my heart it would have been a incredible relationship

Wells Fargo ... I applied for that position online...is there anyone u would recommend me to talk to? Online is impersonal ...

Related Posts

I am a commercial banking analyst and I want to know what exit opportunities are out there. Any thoughts?

likehelpful
like

I'm thinking I won't be getting promoted if not laid off at the end Q2 or sooner. What are some good exit ops for an associate with 2 yoe in tech consulting? Exp in Cloud, PMO, IT Risk, and SoD.

like

Yet another town hall where all we hear about is hiring more senior leaders vs promoting talent from within (especially women of color)…

like

Anyone have recommendations for ADHD coaches, preferably focused on managing it in a senior-level role? Also preferably if focused on the female ADHD experience. Open to remote coaching with folks in other locations but I'm based in NYC.

like

Just got a verbal offer for experienced analyst position at a middle market investment bank in Chicago. What should I expect/negotiate for in terms of salary and bonus?

like

Hi Guys,

I am a ReactJS developer (frontend) with 3.8 years of experience. I currently switched my company but they don't have an opening for ReactJS and kept me on a bench for 3 months and they are telling me now to learn AEM technology and work on the AEM project for now.
They hired me for a package of 16 LPA.
So my questions are is it a good technology to learn? Should I say yes and have a career in it?
Will I get the same package like ReactJS or less? What is future if compared with React?

like

Two pending job offers as a Power Platform Developer, 1YOE in the specific technology, 2 total.

Role 1.
-95k base, no bonus, better benefits.
-Booz Allen Hamilton
-Senior Consultant.
-Similar position to now, better progression.

Role 2.
-95k base, 16% bonus, good benefits.
-National grocery chain.
-Slightly different role: more admin / training others / governance / custom coding connectors, etc.

like

Anyone in the planning consultant role at Fidelity? What is the starting salary for this position? And does the role require you to be fully licensed since I don’t have any atm. I’m getting my SIE, Series 6 and Series 63 at JP Morgan now.

like

I would appreciate your perspective.
I am currently working on my MBA in a professional evening and weekend program at a highly accredited university. I am thinking about transferring to a much smaller private online program, specifically because they offer a concentration in organizational health, which directly builds on my doctoral research. Does great depth and specialization outweigh the value of a highly respected generalist degree?

like

3 weeks in as an experienced hire and still struggling in terms of understanding my role on projects, networking, organization structure, firm initiatives and career development process. How long did it take you to settle in? Any tips?

like

I was interviewed at EY UK on 7th Sep. It was quite smooth. Since then I haven't heard anything back from them though interviewer claimed SLA to get back with outcome of interview is 48 hours. On portal it still says I'm in hiring team phase. It was level 1 interview.

Should I take this delay as rejection?

Hello Everyone,
Would someone be willing to refer me for a position in Salesforce at Hyderabad ? I am looking at Program Manager roles currently with 9 years of experience.

Many many thanks in advance

like

What would you suggest as a salary % increase to jump to another firm? I’m being recruited for a Sr Mgr role at EY which looks like a promising opportunity. Any comp sites other than glass door?

like

Need a referral for Audit profile at Bangalore location

I’m a CA with 6 years of experience in(Statutory and Internal)

Currently I’m living in Delhi, and willing to relocate to Bangalore

like

The Way to a Higher Salary? Leave.

If I had stayed in the role I was in originally and grown with it, I’d be making maybe $120k, best case. I also wouldn’t have broken 6-figures in under 4 years by waiting.

The biggest lie that companies tell you is you can grow in a firm, both professionally and financially. The only ones that grow are already the people a) getting the promotions, or b) on the sales side.

If neither applies to you, the fastest way to achieve salary growth is to leave.

likesmarthelpful

I was hired within the last year as a site supervisor. I did well my first few projects with the company. They asked if I’d be interested in transitioning into a construction manager role. I agreed. Now I still am the site supervisor on projects but I’m also doing all the construction manger duties on the project as well. Essentially 2 jobs for one salary. We have yearly reviews in December but no talks of raise have been discussed. Any help on approaching this to my boss?

like

Hi fishes,
I was selected for a l3 role via IJP in the 1st week of may and the hiring manager informed me via email that i had been selected for the role and requested confirmation to proceed with offer letter generation. I didn't hear anything from HM after that. When can I expect to receive an internal offer letter? Should I contact HM to know about the status ? Please provide some insights. TIA :)

like

How do you all role out your ERG

like

Comment below if intrested
Job post hiring

Post Photo

More Posts

What do you do to fight burnout? Got a raise yesterday and will get another in September, for dealing with a lot of stuff, but I can't shake the burnout.

like

Hello, first post here. Outside sales, merchant services/card processing. I’m primarily a welder but I work 4 10-hour shifts typically then I try sales the last three days. I’ve done it long enough to where I’m confident and comfortable going to new businesses, establishing some rapport with business owners. But it seems like a lot of businesses see this as a waste of time, even adding services and cutting costs. I guess either I’m looking for advice or considering not doing this anymore.

like

Anyone here travel solo to Ibiza? Would love to get recs on where to stay, which clubs and raves to go to, safety and such. TIA!

like

May not be the right bowl but I need insights. Guy likes me and vice versa, was over at my place helping with something, had a huge erection but said or did nothing. I can’t figure out why..

like
like

Has anyone been able to get the LVxNike sneakers today?

like

People who don’t submit their time daily, how do you remember what you did and for how long? I’ve always just submitted each timer as soon as I finish a task—“call with x re y” really doesn’t take that long even if I’m busy, and if I don’t do it immediately I’ll forget all those little I did in the morning by the time I go to bed. No shade at all to those with different systems, just genuinely curious because I see a lot about catching up at month end on here and I have no idea how that works??

like

Last associates committee meeting is coming up. Partners have asked each associate to come up with... not one... but FIVE marketing ideas. Other than reeling out “we offer competitive pay” in job postings, what are some good ones your firm does?

I’m struggling a bit. If I knew how to market well, I certainly wouldn’t be in this position.

like

How is it like to be in firmware domain. How is the growth, work life balance , benefits and pay. Should I remain in this domain or make a switch to software developer.

What will be the monthly inhand salary for this.

Post Photo
like

Anyone got salary today??

like

Any portfolio marketers for services firms in here? If so please send me a message!

like

One of our older advisors is about to retire so his book will be split amongst us junior advisors. What can I do to pitch myself to him and to management to earn the bigger accounts?

like

Can anyone from PWC refer me for this jobId - 290782WD. I'm looking for Salesforce developer position.
Any referral would be a great help to me!

like

Openings for Graphic Designer with 5+ yrs of experience.

DM for referral or Suggest your friends as well.

DM for Company name & Other details 🤝

like

Hi,can someone help me in this . What is going to be the in hand monthly salary after all deductions?Tia!!

Post Photo
like

I’d like to get off this island now.

Post Photo
like

What’s VCCP’s reputation? Would it be considered a top creative shop?

like

How you came into the company will define your path. That’s why you’ll never be successful switching departments.

likefunny

Revolut is the new Deloitte. Thoughts?

Post Photo
likefunny

Additional Posts in Financial Advisors

Looking to transfer into a client associate role (unregistered at the moment, but willing to obtain). Currently have ~1.5 YOE in valuation (financial statement analysis, modeling, etc.) I get that those skills could be unrelated to a CSA role, but I think there could be some similarities. Does anyone happen to have a referral or can anyone give DM me some insight into what a CSA role would look like? I appreciate it.

like

Is there anyone here who understands and / or believes in cryptocurrencies like Bitcoin and Ethereum?

like

What’s your definition of good work ethic? How important is it to you?

like

I currently use Skype for business. Debating about adding webex but also considering gotomeeting. Anyone here use the latter two?

like
like

Looking at starting the CFA journey. Schweser was recommended, but is it worth the added cost? If I'm subscribed to the idea that I am going to be spending 20hrs a week studying, is that sufficient?

like

Looking for some other options in performance reporting from fellow RIAs, who DON'T have integrated solutions with their custodian. Currently using IAS. They cost me about 6k-7k a year. Fed up.

like

Just lost out on two potential clients because they said they were concerned about how many clients I have. Currently have approx 250 households ( Ed Jones speak for mailing groups). I never thought that was a lot but now I am reevaluating. Curious as to how many relationships you all manage.

like

What is the most expensive thing you have ever bought? How much did it cost you?

like

One of our older advisors is about to retire so his book will be split amongst us junior advisors. What can I do to pitch myself to him and to management to earn the bigger accounts?

like

I met someone and their son is a director at Morgan Stanley. He told me to give him a call and potential have a talk about working there . How are Morgan Stanley advisors compensated. I ask because I left another firm and they have tried to charge me charge backs on commissions that have come back.

like

Signs someone is not cut out for this industry?

like

Anyone with LPL that uses an outside E&O carrier for your registered rep needs? Their shit is expensive

like

Dumb question: can I set up a solo 401(k) through my RIA? Or does that type of account always go through a B/D? Cont.

like

I am interested in speaking with FAs approaching retirement. Many have no continuity/succession plan. I want to help develop that plan and find them a successor. Do you know anyone I can assist?

like

What is your favorite stock screener and proposal tool? Advisor workstation is what I currently use

like

At Wells, we have a monthly email newsletter (automatic) as well as an email platform on demand. Do you guys think clients receiving a monthly newsletter is too much and would look like spam?

like

If you have an attorney who you're friends with and a doc who has a practice in the same town, what are the best ways to work with these guys to bring in clients if you're a rookie in the business?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal