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Signs someone is not cut out for this industry?
Is it me or did they just scrap the DOL law?
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Financial advisor is on the JP Morgan Advisors side and is basically commission only eat what you kill.
Private client advisor is salaried plus a little commission and is on the Chase branch side.
Oh wow!
Im not fully sure but I believe its a position that former bear sterns and frb advisors transitioned into.
With that being said, I did see a position that was open, which made me curious too.
Yeah same here, I thought those were old positions until I seen a position open this week lol
PCA is for new advisors or transitioning advisors who don’t have a fully established book of business. JPM is for advisors with a fully sustaining book of business with a typical average HH size of 3M. Typical book size is $100M+.
Similar to Merrill Lynch FA, eat what you kill. Financial Solutions Advisor on Merrill Edge side is salary/ commission. Locations for both are a huge difference.
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