I had someone (26 year old) apply for a non-advisor role on my wirehouse team who is currently an advisor at a bank channel. I don't think he is a good fit for the non-advisor role (wealth management associate) because he eventually wants to be an advisor again. Any reason not to explore him trying to move his book ($300k rev) to my team and see if he can make it as an advisor? I won't guarantee him completion of the FAA program but will mentor. Gotta earn equity partner in my opinion. Thoughts?

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

Wow... FA... that seems a little harsh FA... but maybe you know more about the wire house channel.
I think a 26 year old having already built a $300k revenue stream is impressive. If he is ready to leave the bank channel I’d recommend teaming up with some independent advisors. Bank clients average investment side may be too small for the payout at a wire house.

like

Related Posts

May not be the correct bowl, but: how much do chief of staff positions at Wayfair in Boston pay? I’ve always been curious what this position entails too

like

I've done so well in this new role within the company that they are hiring another person to assist with what I do. I've voiced to my boss that I'd like to manage this department and they indicated that this is the thought for the future. Now they are asking me to train this person while I have my plate full. Is it wrong for me to expect either a promotion or to be paid to train this person?

like

Whats the pay bracket for below
Y0e 10
Offered designation supervising associate 1 He is yet to confirm on the compensation part
Cuurently working as AM

like

Hi Fishes ,

I am an FE with 7.1 yrs of exp looking for a change. So far I've seen the packages are boxed at 30lpa at my exp and Angular framework, I Have some exposure to AWS devOps as well. Can anyone guide if there is something missing in my profile or if I am not getting the right opportunity (excluding MANG from this discussion)

like

Larsen & Toubro Infotech LTI vs Tech Mahindra which good to join for 7 yoe.
Both are offering almost same CTC.
Larsen & Toubro Infotech or Tech Mahindra

like

Hey guys
Can anyone help in letting know what is written in Experience certificate in TCS
Will my current role details (not designation)be written???

like

Anyone at BBDO willing to help push my resume / app along? Project Management role!

like

Full Stack .net Dev with exp 7yr. What type of work role can be expected from Infosys? What is scope of growth? And what could be the max expected salary offering?

like

Anyone have ideas for jobs that are a mix between administration and clinical work? I went to school for community health and have a lot of manager/patient coordinator experience under my belt, but I'm also a volunteer EMT and would like to start using those skills in my next job that I'm searching for.

Most titles I've found interesting are along the "medical assistants" role, but don't fit the bill cause I don't have an MA license

like

i’m a cpa with ~1 year experience in federal advisory, non-audit work...i really want to make the switch into transaction services that work in M&A. What skills/work experience should i get into now?

like

Hi all, I’m looking to learn about how one can transition from PwC AC to PwC India.
I joined PwC AC Bangalore as a fresher and have been working here for 13 months.
I was randomly assigned to SAP, but I’ve realised I really want to move away from this and move towards what I originally planned on pursuing i.e. data analysis, I was already well versed in ML and DL with python.
If anyone has made a similar transition, it would be great if you could help me understand how do I go about this.

like

What’s a good salary range in the dmv area for someone with 2 YOE in analytics and a TS/SCI w/ poly?

like

I got to know that PwC is hiring very aggressively for cloud roles.
Can anyone refer me please?

Hi Fishes,

Anyone from IBM. I need referral in IBM for below position.
Middleware - Service Delivery Specialist. Please ping me if anyone from IBM

like

Hi,

May I know what is a good salary for a R&D project engineer(2 YOE) in a semiconductor industry in Belgium?

Hi All,
Does any know more details on AM PPM role(HRST) at Deloitte.I got an interview call.requesting valuable insights and support please.

like

If You need a referral have Cyber experience and a clearance DM me!

like

Which one to.choose
1)deloitee role offered is "IAM developer" work.will be sailpoint or any other tool.
2)cognizant java developer with spring boot

Please suggest

like

Anyone have any experience with ID firms in Massachusetts? I’m looking for a civil litigation position to gain some experience.

More Posts

Just heard EY is about to make more layoffs in audit too

like

Y'all leaving upper deckers in the toilet stalls need re-examine your life. How can it be so tricky to hit a12inch hole while sitting down? Bathroom is out of commission thanks to a serial squatter.

like

Having the moment that you just want to smash that excel and call a day.

like

Can someone please let me know what is the maximum salary that Deloitte India offers to Consultant?
YOE : 4.5
Current offer from Deloitte: 16 fixed
Offer from another MNC: 18.9 fixed

Will Deloitte India be able to match the offer if I renegotiate?

like

Last year I moved internally from a
Paralegal level 11 w/ 14 yrs exp at
$100k base + up to 8% bonus to my
current role as compliance manager
level 9 at $123k base + up to 35%
bonus. I was above cap in my prior
role and now my range is up to $138k
base. I'm being recruited to my old
team as a level 10
Manager with
same base/bonus as now but since it's
a lower level I will cap out within a
year. I always found the legal work
more interesting but limited in career
growth. Not sure what to do.

Finds over the last couple of weeks!

Post Photo
like

Senior Manager, specialty tax practices in NYC: what was your base salary and bonus for the first year? Please also mention your firm.

like

I'm looking to develop an app, I have the idea, the ifs and how's, just no experience building apps.
who are you and can we partner up ?

like

Bowl show and tell this Saturday at 12-1 EST! Put it on your calendar so you remember us brainy people 📆
Zoom details will be posted on this thread, FB team is working provide an account.

Bring a talking point: anything data or analytics related, from memes to case studies of your side hustle to firm stuff we should know about to anonimized work projects. This is DaTa bOwL LiVe!! I can't promise we'll get through everyone, but we'll see. We can go overtime if y'all are enjoying 🍿🦁🎪🤡

like

I practice litigation defense and recently started growing a plaintiffs practice on my own at my firm. I’ll probably bring in $300k to the firm just from that this year. Although I enter my time on these cases and they count towards my hourly goal, should I ask for a contingency % in addition to my salary moving forward?

like

Engineers with anxiety, are there any changes you’ve made at work that have helped you cope with job stress?

like

Want a job? Want to work at S&? Are you a manager or above? Send me a DM! We’re in a big hiring push… specifically for our digital strategy team, but can always direct you to your preferred team.

like

Hi Fishes,

I am trying to explore and obtain a career opportunity in UK or Europe. Could you all help me with how to go about it or any suggestion how to get an interview and move to UK for work.

like

Is anyone willing to give a referral to Atlassian? Happy to have a chat prior to referral if you would like. Thank you in advance!

like

Can I start learning DSA using JavaScript to get into product based company from service based ? Or I need to learn other language first like C or Java and then learn DSA in that ? I am working as a Frontend developer so I already have knowledge of JS. Please suggest how to proceed ?

like

Any idea why EY is not on the list of Vault 50 top consulting firms but it is on the prestigious list?

like

Planning to buy my fiancé a first luxury watch for a wedding gift. Budget of about 3k. Any suggestions? Additionally, how does one find a used watch dealer in NY if I am looking for something secondhand? Thank you!

like

I gave an interview in Accenture and the manager wants me to move to Hyderabad,but I'm comfortable with the Kolkata location. I've cleared two rounds and now the Hyd manager is telling me that if I move to Hyd otherwise they will not proceed with my application any further. Can anyone suggest to me what can be done here?

like

Hi fishes, How Risk Mitigation team is in Citi?? I will be working on Global CRM financial application. How is the work here? Is there WLB ?

like

EY India folks - are you allowed to take up GDS assignments? Like wise is GDS also allowed to take up India assignments?

like

Additional Posts in Growing the Team

How's everyone doing? Im a Private Banker, doing my homework to become an advisor. But I might not take the bank road. I spoke to EJ and PRU. Will you give me an advise on where should I start???

like

I've interviewed three possible additions to the team as new FAs. I liked the sliding pay scale we had at Edward Jones. Anyone willing to send me a copy of the current EDJ PDF showing the current scale they use, i.e., pay starts high & commission low the scale moves pover 5-6 years to where the pay goes to zero and the commissions (fees) go to max?

like

Team Financial Planning Specialist or no?
My team is growing more and more to specializations with investment products. (Insurance, alts, ESG) I’ve been wondering if the Financial Planning role could also be a specialist in our client experience. We have two competing ideas; A financial planning specialist would be able to develop intimate familiarity with the planning software, processes, and human nuances. But would a newclient feel 'bait&switched’ to be handed off for this important process?

like

I’m looking for an advisor that wants to work with a team in Tampa, Florida.

likehelpful

Hi everyone, need some advice.
A local b d / ria has an opening for an Advisor. We provide the leads in the form of current abandoned brokerage clients and the advisor just needs to build relationships and grow the business.
In addition he/she would have the opportunity to build and lead a team of other advisors.
For a candidate with 12+ years of experience what would be an appropriate compensation structure (base plus commission %)
Thank you in advance for your help.

like

Looking for a FA preferably a CFP to join our team in Columbus Ohio.

like

Young ambitious female looking to join an FA team in the St. Pete/Tampa area. I currently transition advisors in their move to Raymond James. Previously was an assistant. Series 7 licensed. Open to relocating in Florida.

like

I’m looking to add a paraplanner to my team and have a candidate in mind - those with a paraplanner or with paraplanner experience - what does your compensation structure look like?

Are you paid by the hour? By the plan? Other? And how much?

like

RIA in Hauppauge, NY (Long Island) is looking to ad a service advisor to our practice. We are interested in speaking with advisors that have and do not have their own clients currently.

I’m looking to hire a junior advisor whom is fully licensed and preferably has a book of business in the Plano Texas area. Compensation DOE.. PM if interested.

like

Interested in hearing about anyone who has added a second full time staff person. Current setup is two main advisors (have a few licensed solicitors) and one main admin. Getting to the point where she has too much on her plate. We have been bringing on paid interns to alleviate some of the stress. Thinking about adding another person but unsure that we need an additional full time staff person. Recently heard an employee per every 350-400k of GDC (advisors included) was a good guideline.

like

I’m looking for a fully licensed FA with 3-5 years experience in the North Dallas,Tx area. Small BOB preferred.
The position is salaried with discretionary bonus. The advisor must be people oriented and desire to obtain the CFP designation.

like

Looking for a newer fully licensed (with some training and at least a small book) junior advisor/associate financial advisor to join team. Please message if interested or have lead. Thx

like

Hi there, I’m looking to become an Advisor. I’m not sure where to start. I’m currently a Relationship Manager with over 8 years experience looking to jump to the Securities world. Any suggestions???

like

Actively seeking growth-driven Advisers in NY and across the U.S. in one of our eleven branches. If you’re an Independent IAR or a brokerage/wire house Producer desiring positive change, reach me.

like

Older, successsful FAs: How do you suggest a younger female in the business approach you and talk about joining your team? What areas do advisors like you need help with?

like

Best study guide for CFP?

Opening for a advisor to join an existing vertical team in Columbia SC.

My wire-house team ($2M production across 2 advisors) is looking to expand. We want to hire a Wealth Management Associate ("WMA") and Client Service Associate ("CSA"). Pay for the WMA is $80k plus discretionary bonus. Pay for the CSA is $50k with discretionary bonus. WMA would be licensed (3-5 years experience) and CSA would be unlicensed with no experience necessary. Any general advice or advice on how to best find candidates would be appreciated.

like
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