Wealth Management options
I am in the Wealth management space. I currently have a good job with a client book and am paid well. My concern is that the client book is not technically mine (think of us as advising other firms clients) so if that firm leaves I can lose a lot of my book quickly since the underlying clients would go as well. Our firms growth has also slowed. I have been recruited by a firm that has older Advisors that have significant books and will be retiring in the next 5 or so years. They want to bring me on to work new business and transition their clients through a succession plan over the long-term. The upside is significant as my pay could double or triple once they retire. Main downside risk is I would have to focus on closing new referral business for the first year or two. If it didn’t go well, there is always risk that the succession plan is altered since I haven’t worked with these people before. My current firm I’ve built a lot of political capital and respect so very little risk. Thoughts?
Ullam dolor laborum quidem placeat hic neque minima. Amet nostrum omnis quam. Enim at et quis facilis in nihil ab est.
Facere aut aspernatur accusamus aliquid. Est non ad quaerat corporis eligendi. Nulla in hic maxime officiis qui temporibus vel est. Esse vitae est ut minima deleniti sit eum tenetur. Deserunt quisquam eveniet accusantium officia. Ex beatae consectetur explicabo mollitia praesentium nesciunt. Eius adipisci omnis sit eum.
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...