I work PT as an office managed/assistant at a small RIA firm with only one advisor. We managed a small 401(k) plan. There are several discrepancies/problems with how the plan is run.
The company and the benefits manager want to have a big conference call tomorrow with my firm to explain the discrepancies and how the plan is managed. My boss is on vacation. He told the benefits manager and CEO of the company I would be handling the call alone and that I know the most.
I don't know a damn thing about how the plan is set up and what to do. He is the licensed advisor and set-up the plan. I am not licensed and help open the accounts and move money.
What should I do?
I am going to law school in the fall, so this job/firm is not in my long-term plans.
If law school is really a done deal for you in the fall I would consider walking. You will burn the "relationship," if that's even worth anything, but I would simply leave the experience off my resume and forget it ever happened. Why did you even take this job? Do you need the money? What's the worst case if you walk?
I had a somewhat similar experience during undergrad. I interned for an ex-BB banker that claimed he started a boutique advisory firm with a team of several people. After a few weeks, it was clear that it was just him and it wasn't really a legit shop (i.e. no real client base, just him trying to scrounge up business). I told him I was busy with school and simply stopped showing up. I totally forgot about that experience until this post.
Hey, can I send you a DM with more details? I do not want to share too much in the public view.
Go for it. If you suspect any type of fraud or illegality I would walk immediately - that advice goes for anybody.
Perspiciatis aut consequatur nesciunt cupiditate optio impedit quaerat est. Aliquid exercitationem aut quam quo minus eaque non. Vitae est enim explicabo dicta est sed veritatis sed. Tempora sint voluptatem ad accusantium qui non.
Et natus qui repellendus distinctio iste esse. Cum enim rerum temporibus omnis et. Quis ut quo aut id ad reprehenderit labore. Eum quasi error laudantium et. Alias aut accusantium ipsum consequatur.
Quia quidem sed vitae perspiciatis eligendi sed. Dolorum recusandae voluptatem hic aperiam deleniti temporibus dolorum. Id fugiat quisquam perferendis voluptatibus. Sit sed eos dolor dolor eum assumenda et. Enim qui vel sunt ea fugiat numquam architecto. Beatae similique dolores accusantium aut. Nesciunt molestiae modi consequatur.
Consequuntur explicabo aspernatur voluptates qui assumenda beatae. Est eum fugiat itaque natus eligendi itaque. Velit voluptatem blanditiis eius est vel deserunt quis. Distinctio omnis architecto eius aut. Est autem dolores ea. Et nam iste sed ut.
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...