Becomming an Investment Advisor?? ps. Merry ChristmasMerr

[vipon]

Hey,
I was recently talking to someone who is President at a Wealth Management Firm in Winnipeg (Canada), and they were saying that the best way to get into the business is to become an Investment Advisor. The logic for this is to work at a big firm (where the best people are..) and gain as much experience as possible. From my job hunting experience, i have found that there are just a handful of jobs available for recent graduates (Im business-finance student currently): Financial Advisor, Financial Analyst and Investment Advisor/IA assistant. I’m not so sure i like the whole idea of cold calling and trying to build a portfolio from money of friends, families...

Do i just have to suck it up? Is this first step in career path to Wealth management? I would not want to be an IA for that long, hopefully there is good upward mobility...

Thoughts/opinions?

Thanks
Merry Christmas

[jively]

There are companies that might hire you on a salary to be a junior planner, planning assistant, or whatever. Maybe check out the Financial Planning Association (FPA). There are job listing there. You could join the FPA, find a local chapter, and go to meetings (usually monthly). That might be a networking opportunity where you can meet with hiring people in these small companies.

-Tom

[fun160]

[ QUOTE ]
They were saying that the best way to get into the business is to become an Investment Advisor.

[/ QUOTE ]

Just make sure you understand this is a sales position. The people you advise will be those you bring in. Long, hard, frustrating hours of cold calling. Many night and weekend appointments. Not saying not to go this path, just understand what it entails.