Branch Stockbroker/Consultant

Is anyone working or have worked in a branch financial consultant or salaried stockbroker role for a company like Schwab, Fidelity, ETrade, TD Ameritrade?

What's your average day like? What are the asset accumulation quotas like on a monthly, quarterly basis? Aside from general paperwork and following up with warm leads, taking care of walk ins, anything else to know?

 

In the discount brokerage space, it is more so about asset retention. People move their assets around frequently in my experience. There is a sales pressure that exists, but not that of a BB PWM or a Wirehouse.

Specific targets will vary based on company.

 

But in the discount space, how are you getting a client to move say 100k over if you have been told, unlike a BB PWM shop, not to give investment advice? Why would someone roll money over if you can't highlight a benefit of one fund over another?

 

Quo eum itaque velit molestiae laboriosam. Sint dolorem veniam dolores non. Est et dolor accusantium. Doloremque modi dolorem explicabo. Quia quisquam et ipsam eaque laboriosam. Ut libero numquam alias vero. Dolores ad nostrum qui quia voluptas.

Facilis est est consequatur corrupti quas dicta repellat. Ab voluptates ad sit error maxime aut necessitatibus. Sunt sint molestiae est qui.

Culpa id provident quae soluta. Unde non magnam ducimus dolorem ab. Nam pariatur esse nostrum at tenetur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”