Financial Advisor In New York

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

Bradford Pine is a Wealth Advisor in New York City providing personalized financial planning and wealth management services for affluent ...

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

Price: $29.95

What kind of education background do I need to become a financial advisor. Do you know of any good online schools? I just got my life licence and will be learning more about investing through New York Life... in a few months I want to get my securities licence... so I do want to further my education in this area. what degrees do I need if I were to go back to school... THANKS

TWO SUGGESTIONS:
-Get a Bachelors Degree from a recognized College, with a major in Finance or Financial Management. Do not just rely on training from a Brokerage House or an Insurance Company. These will only equip you with enough knowledge to sell their products & services. You really need a broader understanding of the financial World. Once you have that, then the training from an insurance or a brokerage can equip you with product knowledge and teach you how to sell their services in answer to a prospects specific needs.
-While training with an insurance or brokerage, begin studying to get a CFP designation. That will really round out your professional education.
Also, begin reading Forbes & Business Week magazines and the daily Wall Street Journal newspaper.

2007-11-26 10:37:05 by katrina g

So I am wondering...if your a great salesperson and have a gift in regards to people skills would you make a stable and comfortable income in the financial advisor/sales business? I am thinking about applying but want to be sure it is not a scam...companies...new york and prudential etc?

As long as it is a legitimate company it is a good job.If not they will be a horrible place to work.

2009-01-27 15:08:13 by ForThoseSickofLifeLoveIsTheCure!