Advisor Financial New York

whats the differece between a financial consultant/representative who works at a fidelity brokerage house (or any brokerage firm) and a financial advisor who works with New York Life, Met Life, Northwestern Mutual etc. I'm searching for financial consulting jobs with brokerage firms, but the searches always bring up financial advisor/sales jobs with many well known insurance companies. Help

Good questions, and the answers are rather complex. Terms such as "consultant" are thrown around a lot. What really matters is how you are regulated. If you work for a brokerage firm, you need what's called a Series 7--and possibly some others. This is a license to sell stocks on commission and work under the supervision of a brokerage house. You would be a "registered representative."

If you sell insurance, you will be license by your state, and again, work under the authority of an insurance company.

An "investment advisor" is any firm that offers investment advice for money. These firms are licensed by local state authorities, or, if they are larger enough, the SEC. An individual who offers advice on behalf of such a firm is an investment advisor representative.

You can be BOTH a registered rep and an investment advisor representative.

If you want to work for a brokerage house, find out who has training programs. Some may help you get your Series 7. I don't think the exam is very difficult but you have to be focused to succeed.

2008-04-17 09:00:29 by Micah P

A group of concerned citizens from around the country take to the streets of New York to draw attention to the spreading global financial crisis.

I have interviewed with New York Life for the position of an Insurance Agent/Financial Planning Advisor. I havent been informed of any base salary yet. I understand that most Insurance companies like Bankers give only commissions. I am not sure about this one. Also, If someone can let me know how New York Life and Bankers are in comparison with each other as employers cause I have an offer from Bankers also.

NYLife is a straight commission job (as are almost all insurance agent positions). How are they as an employer? They have a VERY high turnover rate, especially as most people can not afford to go 6 to 8 months with no income at all... which is the average time spent before the first commission check arrives.

Hope this helps!

2006-08-13 22:05:46 by gia

Price: $5.95 $5.95

I live in the suburbs of NY and I just got a Job offer in New York City as a Financial Advisor if my memory serves me correct, they are paid on a commission base. When I spoke to the recruiter on the phone about the pay whether if it is Salary or Commission he brushed me off saying just come to the interview next week and it will answer all your questions. I have worked as a Loan Officer before which is also commission based and with the way the mortgage industry is going, its terribly bad. So a commission based job left a really bad experience to me. And on top of it, the commute going to New York City is going to cost me money. On the other hand a local bank here in my area offered me a job as a Financial Specialist which offers a base salary and I am confused which one to take. Is it worth a gamble to take the job in New York City and hope for the best? Or play conservative with this local bank? On the other hand my wife and kids rely on me to make the right decision, please help.
Plus the way the economy is going these days looks like we're heading for a recession, so I doubt if a lot of people would be investing this year. Thus making a decent living.

Take the job that offers the base salary. If the employer is unwilling to answer your questions and instead insists on you coming to the interview, that should be a red flag. Desperate employees are one thing, but even more dangerous are desperate employers.

2008-01-15 20:25:28 by Charles Martin

Price: $29.95

in the Newark, NJ or New York, NY area. If anyone has any recommendations please let me know.

Why not try to go at it yourself.
Open up an account with Fidelity or Schwab
Buying stocks and mutual funds is easy if you watch the trends and CNN.
You can even buy cd's or bonds if you don't like investing.
Financial advisors might not always have your best interest at heart.
They like to sell annuities and other products that make them huge profits. Trust your self with your money and no one else.
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2009-01-29 10:03:34 by Vida

to work at the New York Life insurance company

How would you develop business?

How are you going to acheive your sales goals?

What is your previous work experience in fiancial services?

Tell me about your experience as a Fiancial Advisor?

Here are some good interviewing tools for you:

www.monster.com

www.mrinetwork.com

www.careerbank.com

www.hotjobs.com

www.careerbuilder.com

www.6figurejobs.com

GOOD LUCK! :-)

2007-06-30 08:57:37 by rainbow2