I'm attempting to leave my current FA job with Fidelity and move over to State Street as an ETF Sales Consultant. I've already got the interview and they seem interested, but I was curious about what my prospects are with a job like this in the future.
Ideally, I'd like to be more hands on in the asset management side of things at SSGA down the line and on paper it looks like the ETF Sales Consultant is the starting point for working your way up.
In reality though I don't know if that's the case. How would you rate this position with State Street?
Hi GWillis, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...
I hope those threads give you a bit more insight.
Bad if your goal is asset management. Given your experience as an FA, you’re best bet would be to move to a wealth management firm that gives you experience with managing client portfolios. Ideally they have an active component to it, be it dynamic asset allocation or single name company investments.
I haven't been on since posting that, but yeah turns out you were right. When I learned more about the position it became clear that wouldn't really lead me in the right direction. I just posed a new question on my profile about what type of position I should be looking at with AM firms. I don't have my CFA and only have my S7 and S66 so I'm nowhere near ready to be a Portfolio Manager in terms of credentials/experience. That raises the question I posed though, what type of position am I qualified for at an AM firm?
Frankly? None, aside from your current position. You have no relevant experience I think. Do you pick stocks and build models? Try the advice I gave in the previous comment.
I already do what you mentioned in the last post. I don't push cookie cutter portfolios, neither does my firm as a whole. We deal with a lot of institutional clients so they know BS when they see it. We customize their portfolios and allocations accordingly depending on a variety of factors.
I'll probably just start the road to getting my CFA. Without it I don't think I stand a snowballs chance in hell. With it I'd at least have a shot. Granted it's going to take a long time to get it and countless hours studying, but it will be worth it.
Kk. Only other thing I can think of is doing practice investment write ups and models and posting on seeking alpha. Then networking and asking for critique/help breaking in. I’d imagine that you should be able to pick this up since you’ve got experience thinking critically with regards to portfolio allocation. The best and hardest investment thesis is one that’s easy to understand, concretely defendable, and completely novel. Thinking through a different lens is usually what it takes. Good luck. Feel free to PM me your write ups if you need some help.
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