22 year old financial advisor
I would like to hear the community's take on my situation. Im a 22 year old with a Bachelors working for a independent fee based firm with about 70m AUM in Miami FL. Its a firm consisting of 2 senior advisors and 2 junior advisors. As a junior advisor I assist my senior advisor with all aspects of the business (including management of client portfolios). My situation is particular because I have taken the opportunity to be a fully licensed advisor with my own book of business (80-90% pay out). Sounds great but remember I'm only 22 years old. Age has been a huge obstacle. Two thirds into my first year I have gathered 1.1 mil in assets leading to a salary of 25k a year. From everywhere I have looked, a first year advisor has to gather at least 2-3 mil a year to show any promise of a future in the industry. However, other reps at our Broker dealer are impressed with me given my age. My own pool of possible semi-warm prospects is shrinking and with colder leads, the age barrier becomes a bigger issue. Both senior advisors agree I have the right personality for the job and that I do great with clients. Closing a client is not a worry when compared to getting appointments to meet prospects or getting leads in general. What would you guys do? Am I over confident in the ability to make a career this early? Should I be focusing on something else in the meantime? Any feedback is appreciated.
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