I don’t know if I’m at a good point in my career. I have an MBA, B.Sc, FINRA S7, S9, S10 and S66 with 5+ years experience in wealth management and banking and management but making below $100k. I am passionate about wealth management and being in a leadership role, and I’m driven to grow in my career with a great company. Would highly appreciate some advice and I’m open to referrals for better opportunities. Currently in ATL.Morgan Stanley JPMorgan Chase Bank of America Citi Wells Fargo Truist Financial Corporation
Chief
Where are you located? Is your MBA from a top school? You should definitely be making at least $150k even in a cheap market
Community Builder
I had gone to Kean University. I definitely understand that and would hope I can connect with someone who is motivated to help me also
Apply to anything at Chase! We’ve literally got thousands of openings! I can’t keep my team staffed. I’m not in AWM so I can’t provide a referral :(
Community Builder
I’m currently in commercial and institutional banking solutions for employees retirement and brokerage accounts
PM me. I can refer your resume. I'm not in Wealth Management, but I can pass it along.
CCB
Wealth Management is not what it used to be anymore. I’m pretty much in the same situation as you and am just clearing $100k, but was making way more than that at my last firm 4 years ago before they sold the business and laid us all off. I wouldn’t bother with banks or wirehouses for wealth management anymore, their businesses all got destroyed from REG BI and the DOL. If you want to keep your 7 you can go to a discount brokerage like Schwab or Fidelity, otherwise consider RIA’s and just say bye to the 7. FINRA doesn’t want to see commissionable business anymore, so at this point the 7 is doing us more harm than good.
No, because nobody can do anything anymore and Advisors are made to feel like common criminals now for every little thing that they do and nobody can get anything done.
Banks want revenue at the end of the day, they want commission and that’s why Reg BI destroyed them and most places weren’t prepared for how to efficiently and effectively make this transition. They pretend to be all about Financial Planning now, but it’s all smoke and mirrors to make it look like they’re doing their job from a compliance standpoint. I been in the bank channel for a while, I know the deal.
Rising Star
Do you want to get your CFP? I would suggest that if staying on the wealth management side
I have my CFP. It’s good for interviews, but I wouldn’t say you’ll make bank after. Our industry is all about how big your book is and what you can bring over to the next firm.
Do you want mgmt? Lots of roles I can refer you to at MS
Community Builder
That would be amazing. I would gladly take you up on a referral
Pro
Are you open to consulting ? Our FS consulting team is hiring !
Community Builder
Of course, I would love to get into consulting
DM me if you are interest in Bofa Merrill