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Hi everyone! Does anyone in here work for Omada Health ? I have an interview next Wednesday for a PT Member Support Agent role and am unclear on what the pay could be. Glassdoor has the pay estimate at 42k-48k, but I found a comment where someone in the same role mentioned only getting paid $12/hr. I have 8 years of experience as a CSR but I’ve had a couple year gap in between now and my last job. TIA Any advice helps .
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Reminds me of Amber Heard
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Is it me or did they just scrap the DOL law?
Signs someone is not cut out for this industry?
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I’m going to be very honest with you; vet to a vet!
FA doesn’t pay very well anymore. Legacy advisors in large wirehouse, or the ones who took the golden parachutes years ago to go independent made a killing. No joke! However, these days, we are all competing with each other to lower our fees on the way to 0. In fact, 20 years ago, charging 2% on a in-house managed portfolio was customary. Today, you’d be lucky if you can squeeze 1%. Guess what, the guy down the block will beat you to the punch and offer his services at 0.90%. We are cannibals. We eat our own! If you are making 200gs a year, which is very good pay, stay where you are. If you are suffering from a burnout, go on sabbatical but stay where you are as the verticals have become really limited. Besides, unless you have a large book of business, you’d have to sacrifice for years. You need to pay your mortgage and put food on the table. This is not an option!
Look at that poor lad right above who is pitching his services in this thread! I rest my case.
I think they meant in your area, not in your industry.
When you enter the industry, you will likely be taking a step back for a while, in terms of earnings. Most places are going to want you to prospect and build a book. Very few are going to hire you off the street and put you in a position to make that kind of money. The ones that will give you a group of clients to work with will likely put you on a salary with some bonus potential, but even then it will take a while to build up to 200k under that scenario.
Where do you see yourself in 5 years? Working for/with a team, or working as a solo? Do you want stability or do you want to own your business and your book… or somewhere in between? Basically, what’s your goal? There are many ways to enter the industry and become a financial advisor.
I am definitely looking for somewhere in between for sure. I understand I wouldn’t be making the kind of money I make for a while and I can accept that for long term earning potential, I’m 39 years old so I plan to work until I’m 65-70. I don’t even know where the best places for me to look are based on what would give me the best shot at success.
I realize in Virginia the cost of living is very high, but there are a lot of financial advisors that don’t make 200k.
If you want to make near that amount of money look at ria, bank, maybe schwab /fido can eventually
Enthusiast
Reach me for career advice.
Might be worth looking at Bernstein. Strong DC office, great training program. Base for training is $150k, I believe.
Could be a good opportunity though
Meet a few wholesalers for mutual funds and have them introduce you to teams looking to bring on a new advisor. They know the players
I’m not sure a mutual fund wholesaler is going to take a meeting with a non-registered person
If you are interested of the loan please write me...
What loan? Are you in the right thread?
A bit late here but you need to look a lot at the opportunities around you. Reach out to RIAs near your and branch managers at wirehouses. J.P. Morgan private client advisor role gives you leads and is a pretty sweet gig too. There are a lot of opportunities, but you have to look for them.