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?

4 Comments
 

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?

 

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