I'm an FA at a BB in Los Angeles, just seeing what my exit ops are. I've been here for about 7 months and have had enough of cold calling (so no sourcing deals in IB in my future...). I'm fully licensed and love the research side of things but I'm no excel wiz. Just testing the waters to see where other former advisors leave to.
| Private Banking or RIA? | 11 | 3h | ||
| +12 | JPM Private Banking Superday | 20 | 2w | |
| +6 | Can I break into Wealth Management? | 2 | 1w | |
| +4 | Wealth Management Superday | 3 | 1w | |
| +3 | Does UBS have a PWM SA in home office? | 2 | 1w |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
hang in there
if u see urself successful so far, fa is a better job long term in case of stress, work/life balance and money
If you have been thinking of possibly going the MSF route I would definitely suggest looking into that
I have thought about this, but it would have to wait a few years. I already have an MA in Geopolitics and am currently paying off the debt from that.
As for networking I don't have much contact with our other departments or other offices because my office is significantly disconnected from our regional headquarters (Downtown LA). So that might be an issue.
The most important thing for you at this point is to figure out if this is something you want to do for the long term, and if its not then start being extremely proactive because the longer you stay in your current position the harder it will be to get out... there really aren't any exit ops or doors that are opened for FA's, you have make things happen for yourself.
What would be your top choice to transition into? IBD, ER, S&T, Corp Fin, other?
If you go into MSF you can definitely sharpen your excel skills. I think also, consulting or something in that area may be within reach, or AM. Although I'm not too sure about those.
Background as a Financial Advisor - any exit opportunities? (Originally Posted: 12/02/2015)
Hi, I'm currently 27 and have been a financial advisor/broker/sales guy for the past three years (first at Morgan Stanley, and then now at JP Morgan Chase). I didn't graduate from a prestigious university (only undergrad at UC Irvine with a degree in Business Economics), but I've done pretty well as an FA these past couple years. I've built a book from scratch to about $20 million ( which I know is really small still), and not sure if I want to continue this path. I know there's a lot of heavy hitters who make millions, but I've always had a doubt if this was really for me, so I'm here to explore other options.
If any one here can give me the truth and tell me what my options are or what the best thing to do right now given my current situation to break into other areas, more specifically real estate, private equity, hedge funds, or high end sales, I would really appreciate it.
Thanks.
An easy exit-op would be wholesaling. Having experience as an FA would be a major upside given your industry/product knowledge.
Definitely try networking internally first. Some BBs have their Wealth Management Research divisions and when I worked there, the new associates were former FAs.
Prospects for Financial Advisor (Originally Posted: 03/28/2012)
There are lots of demand and job positions for FA or FP in Canada, but my goal is to end up in institutional banking, S&T, or PM.
Should I try to become a financial planner and then wiggle my way into other jobs in banking? or is FP too specialized in to the retail/sales side, and it would hurt my chances of getting the roles I really want.
No
Virtually zero chance to make that transition.
You will have a hard time getting to the sell side from FA, and it's almost impossible for you to become a PM. Depending on what year of school you are in, you should have a PWM or boutique internship, Summer Analyst your Junior year, and get a FT offer. If it's too late for all of that, you may want to look into MSF at a target school for OCR.
lolllllll
Best Buy hires former FA's from what I've heard. You can make a killing if they place you in the Television department.
I'm in complete agreement with a lot of the information in the following paragraphs. You certainly are a special article writer have real profit put your own views directly into apparent phrases. Anyone will be able to understand why.
Exiting Financial Advisory (Originally Posted: 08/17/2013)
I'm trying to get an idea for possible paths of being a financial advisor. I know mainly they stay as an advisor and build their book, but I'm wondering how easy it is to transition into analysis.
What kind of analysis are you talking about?
You picked the wrong career to get into, FA's seldom get good exit opportunities.
Aside from being 5.5 years late to this post, you're just patently incorrect.
Iusto neque ad facere sit. Sit molestiae voluptates corporis sed quas cumque delectus. Voluptatem ut corrupti doloribus iste. Autem rerum aut quos quam sint ipsum eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Sit inventore dolorum a deserunt assumenda. Ducimus soluta provident sit est quia voluptatem temporibus cupiditate.