Financial Advisors

I’m great once I’m with the client and my clients love me but apparently I suck at prospecting. Going to get fired any day now. What roles are non-sales like but will allow me to stay in the business?

like
Reaction Icon Like
Arrow Icon
works at

You could get a junior planner role at big firm or you could look to get job at a calling center for Fidelity or Schwab.

Reaction Icon Like
like
Arrow Icon

Tough position to be in. I’m sorry to hear this. Have you thought about quitting before they fire you? Getting fired will make in harder to get another job in this industry. Not impossible, but harder

Reaction Icon Like
like
Arrow Icon

Banking industry with a retail advisory division or trust department may be a good option to explore!

Reaction Icon Like
like
Arrow Icon

How you describe yourself is like saying I’m a great painter, as long as I pick the colors by the numbers or I’d be great at basketball if I were only taller. The only really valuable skill in this industry is the rainmaker. Just about anyone can service accounts which is why service FAs work for Producers FAs, and get paid less. Either find the discipline and drive to develop a practice or candidly, get out. Yes, there are ways to hang on but you’ll always be beholden to someone else and never make the sizeable income you think is achievable. Do it now while you can still find a satisfying career. This isn’t for everyone

Reaction Icon Like
like
Arrow Icon

Where you located and what licenses do you hold?

Reaction Icon Like
like
Arrow Icon

Agree that finding something else before you’re fired is best. Some companies won’t look at someone with a mark on their U4. As an aside, being in such a heavily-regulated industry that assumes you’re guilty until proven innocent is a pain in the damn ass.

Reaction Icon Like
like
Arrow Icon

Quit before you get fired. A bad U4 entry could prevent you from being employed in this industry. Then look at the above suggestions

Reaction Icon Like
like
Arrow Icon

Fidelity has a huge call center in north Fort Worth (Southlake), Texas. A friend of mine works there and loves it. No prospecting. No taking client issues home to worry about. 8-5 job and makes salary plus reasonable bonus.

Reaction Icon Like
like
Arrow Icon

Don’t get in role as non sales. Unless you are liked pay lousy and offices very clickish. Find someplace that really values your intellect and put it to good use.

Reaction Icon Like
like
Arrow Icon

Be a junior at a firm like us where I am the one who is The Rainmaker and the team around us does the actual real work.

Reaction Icon Like
like
Arrow Icon

Check with Edelmann Financial. From what I can tell, they do all of the prospecting and marketing and only expect their advisors to do client service. Sounds like it would be perfect for you. I believe they have offices all around the country.

Reaction Icon Like
like
Arrow Icon

Go to a bank. I am the same way. Clients love me. I can take burned clients that refuse to be back in the market or trust anyone and earn their trust and have the market make sense again. I liken the bank channel to getting to be a Financial Advior 95% of the time and only prospecting 5% of the time. I never carry a business card and just get to know people for the sake of getting to know people. I don’t have to prospect them. I am also very picky as to who will be my client. Makes life great knowing you have an endless stream of potential clients and you don’t have to do things the clients way. If it’s not a good fit they would be better served elsewhere.

Reaction Icon Like
like
Arrow Icon

It is a dilemma. We are in a contact sport and for business to happen,you need contact. Look for better ways to prospect. I think we in the industry who mentor people have it wrong. Knowledge comes from doing. Knowing product is vital but way down the food chain from prospecting. All our knowledge is worthless if we have no one to share it with. How we share it is the real magic here

Reaction Icon Like
like
Arrow Icon

OP, I am looking to hire someone like you to work for me! I ONLY want to prospect and am looking to partner with someone like you who will do everything else. Please send me a message!!

Reaction Icon Like
Arrow Icon

OP, please contact me!!!! You are perfect for me!

Reaction Icon Like
Arrow Icon

Related Posts

Looking for ideas for a gift from our new baby to our toddler daughter. I hear this is a good way to help the toddler adjust to the new member of the family. What did you all buy?

Reaction Icon Like
Arrow Icon

Heeeeellllllpppppp i called MD “dad” 😨

funnylike
Reaction Icon Like
Arrow Icon

Freelancers, say you get booked at hourly rate. Before your start date, they send you a brief, background info on client, etc. to “get up to speed” before you start. Do you charge for that time or no?

like
Reaction Icon Like
Arrow Icon

Does anybody else have the community builder badge? Or do people just not use it? Important Thursday questions!

like
Reaction Icon Like
Arrow Icon

Has anyone ever used a career coach? I’m not sure this is the field for me due to my bipolar inconsistent nature and would love to talk with someone about how I can apply my skills somewhere cont....

like
Reaction Icon Like
Arrow Icon

Where can we find our employment contracts ?

Reaction Icon Like
Arrow Icon

Doing a workshop soon and trying to come up with some funny consultant themed team names. Any suggestions? i.e. excel monkeys, frequent flyers, PowerPoint posers, conference callers

like
Reaction Icon Like
Arrow Icon

It’s taken years of effort, but I’ve finally made it to six figures.

Post Photo
likefunnyupliftinghelpful
Reaction Icon Like
Arrow Icon
Reaction Icon Like
Arrow Icon

My EM only picks Italian places for team dinners

Post Photo
likefunny
Reaction Icon Like
Arrow Icon

Any non-consulting exit opportunities in the Baltimore, DC, VA, general MD area?

like
Reaction Icon Like
Arrow Icon

What does a Facebook Creative Director......do exactly?!

like
Reaction Icon Like
Arrow Icon

First time at DU and have to say its amazing...perhaps the only thing missing that could make this place wholesome is a CASINO!

likesmartfunny
Reaction Icon Like
Arrow Icon

Anybody who lives in Astoria / LIC and looking for some new buddies to hang? Haven’t really met anyone in the neighborhood. 24m

like
Reaction Icon Like
Arrow Icon
like
Reaction Icon Like
Arrow Icon

Is there an option to do ONLY HSA as an insurance plan?

Reaction Icon Like
Arrow Icon

MBA 🐠- do employers look at GPA from B school? Is it on your resume?

like
Reaction Icon Like
Arrow Icon

What exactly does EY’s Real Estate advisory group do? What would a staff’s day typically look like?

like
Reaction Icon Like
Arrow Icon

How to overcome trust issues? Past experiences have made me skeptical and I want to give new people the benefit of the doubt. Sometimes I panic over tiny things or jump to conclusions...

like
Reaction Icon Like
Arrow Icon

When does tax find out about the comp?

Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s 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 with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview