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Merrill Lynch - TFA program


zeitgeist57

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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 by zeitgeist57
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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.

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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.

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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!

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