Avis de : Financial Advisor Associate chez Morgan Stanley

Avantages

maternity leave. Support for women.

Inconvénients

dog eat dog atmosphere at times.

Avantages

Work your own hours. Very flexible. Can pay very well if you succeed

Inconvénients

Little training. Difficult goals. Many don't make it past the first 3 months

Avantages

Great base pay can be negotiated. Great training program. Great opportunities if you are hired as part of a team or given a team opportunity. Great benefits compared to many other companies.

Inconvénients

Goals increase quickly and if you don't have a good network or clients in line, you can quickly get into trouble. Some markets appear not to have teaming opportunities. Leadership at the national level tend to make it seem like you need a team to succeed. Not a lot of help on the local office level.

Avantages

Good benefits, good pay, lunch almost everyday

Inconvénients

No direction, very high fail rate, very little support

Avantages

Flexibility. Being your own boss almost entirely. Good pay while studying for licensing and building your book initially.

Inconvénients

Unrealistic benchmarks, especially for younger advisors who are fresh out of college. They expect you to bring in about $500k/month, which seems extremely difficult to do without luck and/or a prior network full of willing, affluent investors.

Conseils à la direction

Actually train your FAAs on the nature of the business and focus more training on financial knowledge, rather than almost entirely of sales practices. When you hit “production”, you are expected to hit the ground running when in all truthfulness inexperienced FAAs have next to no idea what they are actually doing. When reviewing many training videos, I found questionable sales practices being taught to us that would purposely...

Avantages

Freedom Incredible Opportunity for Growth Agency in how you work As long as you produce no one cares what you do

Inconvénients

Lack of Structure No one telling you what to do

Avantages

Ok Salary and resume builder

Inconvénients

No support Ridiculous numbers Everything comes out of your own pocket Nepotism

Conseils à la direction

Have an incentive for advisors to team up.

Avantages

Plenty of opportunities to increase compensation. You have the freedom to work whichever, wherever and wherever you want. Lots of resources at the firm to assist in meeting goals.

Inconvénients

Challenging career path nowadays. Price compression and increased regulatory oversight allows for less compensation in some regards. Competition is Fierce.

Conseils à la direction

Encourage teaming of younger advisors with senior advisors who are actually willing to help. Improve firms technological capabilities.