zeitgeist57 Posted March 6, 2015 Report Share Posted March 6, 2015 (edited) Part of my job at Bank of America involves working with Merrill Lynch financial advisors. This year, there is a HUGE focus on developing the "next generation" of advisors through their TFA (Team Financial Advisor) program. EDIT: Apply here! http://careers.bankofamerica.com/job-detail/1500001432/united-states/us/merrill-lynch-team-financial-advisor-program-business-developer-polaris-oh In a nutshell, you'd be in a 2-year program, making $50k/year to start plus benefits. Linked up with a team of experienced financial advisors that take you into their group to work with their existing clients and prospect for new ones, your first year sales goal is $100k in fee-based business (which I can also help you achieve) and you'll get $10k. Second year you need to get $200k, but you'll make a $20k bonus. Then, you're off to the races with your team. No existing financial advisor, FINRA licensing required: truly, they only care about self-starters that want to learn what's right for investment clients and delivering...they will take care of the rest. If this was ever an industry you'd want to break into, I really can't think of a better way to shack up with some serious FA's and help them grow their book of business and make your own success story at the same time. Please let me know if you're interested. www.ml.com/publish/mkt/campaigns/careers/ARD5YR7G.pdf Edited March 6, 2015 by zeitgeist57 Quote Link to comment Share on other sites More sharing options...
wagner Posted March 6, 2015 Report Share Posted March 6, 2015 PM sent Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted March 6, 2015 Report Share Posted March 6, 2015 If I were to start over, I'd do this. Lots of my friends have done similar with the big name co's and done very very well over the years. Great offer! Quote Link to comment Share on other sites More sharing options...
carl1647545492 Posted March 6, 2015 Report Share Posted March 6, 2015 What would the top 10% make yearly...serious question. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted March 6, 2015 Author Report Share Posted March 6, 2015 40% payout in top bracket...say you've got $100-200MM in AUM (assets under management) and your fee is 1-1.5%...$500k-600k+ a year? That's not even the top 10%...that's like the top two quintiles... Plus, there are "kicker" bonuses for making referral goals to product specialists like myself, AI (Alternative Investments), Insurance, mortgages, etc... FYI, I'm not a financial advisor anymore, but some of the ones I cover through BoA are some of the finest business professionals I've ever worked with. Quote Link to comment Share on other sites More sharing options...
oh8sti Posted March 6, 2015 Report Share Posted March 6, 2015 Clay, Im pretty interested in this. Can you PM the details? Thanks! Quote Link to comment Share on other sites More sharing options...
MattKatz Posted March 6, 2015 Report Share Posted March 6, 2015 If only I didn't hate people? Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted March 6, 2015 Author Report Share Posted March 6, 2015 Guys, I updated my OP with a career-site application page. No one is pulling credit reports or anything fancy; just the "official" way to get your contact info and resume through the process. PLEASE PM ME if you post for the position!!! I'll be sure to let people know who's coming through the application system. FYI: College degree not required but certainly preferred. This is a position for people who will be taught the inner workings of the financial world and go out to get companies/individuals to help them. If you're halfway interested in making this a career I really suggest going through the application process. I know I sound like I'm drinking the Kool-Aid but I've been doing this for 15 years and there aren't a lot of in-roads into this industry for newbies that pay a salary while you learn AND get you on an experienced team to prospect...great opportunity for someone that wants to run with it. There is a 60-year old ex-business owner that's in his second year TFA in Michigan and killing it; it's a second career for him and the financial advisor team he's on helped him a lot. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted March 8, 2015 Report Share Posted March 8, 2015 This is seriously a great career to get into. One of my best friends was just 'accepted' into the Edward Jones program and leaves next month for a 6 month training in St. Louis. FA's can make some serious fucking money. Good luck! Quote Link to comment Share on other sites More sharing options...
Bam Posted March 8, 2015 Report Share Posted March 8, 2015 Hmm....this is along the lines of what I went to school for.....but nothing similar to what I actually do for a living...decisions, decisions. Quote Link to comment Share on other sites More sharing options...
carl1647545492 Posted March 8, 2015 Report Share Posted March 8, 2015 After googling around about this opportunity this guy gets it,mr sweaters. http://wealthmanagement.com/forums/rookies-trainees/merrill-lynch-pmd-trainee-program Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted March 8, 2015 Author Report Share Posted March 8, 2015 Here's the thing, Carl...the PMD program is a LOT different that the TFA... TFA you're on a team. You're developing yourself and your book, but you're not totally on your own! Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted March 10, 2015 Report Share Posted March 10, 2015 Mornings at work like today make me want to say fuck it, take the pay cut and come do something like this....sigh... Quote Link to comment Share on other sites More sharing options...
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