Morgan Stanley Financial Advisor

I'm sort of new to the business, but do have sales background. I'm sure it'll be demanding, but is there actually a good base salary involved? Or is it pure commission? Thanks everyone!
Any word on what the base salary would be? Is it worth it? I don't have any offers elsewhere, although I did apply for Edward Jones, and Raymond James elsewhere. Currently in central Ohio. Thanks!

As a trainee, you will get a (pretty low) base salary. But, the base salary phases out as your training progresses.

If you go to UBS, they will try to match their base salary to what you are currently making. For instance, before I started at UBS, I was already making pretty good money in another organization. So, they paid up to half of my salary as base salary for being a FA in their company, which was pretty good.

But, I don' t think MS has a program like that.

2008-03-31 11:01:53 by phantom5251

Morgan Stanley Smith Barney Financial Advisor Mark Curtis on Bloomberg discussing the merger between Morgan Stanley and Smith Barney.

Was 24k a couple years ago. If you don't pass your test you can get terminated immediately. 1 out of 3 make it after 3 years. Also, you get terminated if you pass your test and end up in the 4th quartile after 3 mos. If I were you I would pursue looking for a bank financial services trainee program. Hard to find but they are out there and they are less cut throat.

Morgan Stanley is good if you've already got a lot of connections with money who are willing to invest. My friend was a college football player for a division 1 school where a lot of players went to NFL. He did really well and got his name out there by word of mouth. Unless you want to be the cold calling king trying to find a needle in a haystack it really gets old quick. Look for a cush job.

2006-05-31 16:31:37 by nagwa_a

Price: $27.95

Do they have:
Series 6?
Series 7?
Series 63?
Series 65?
Life and health license?
Property and casualty license?
Long term care certification?
Do Morgan Stanley advisors focus on investments only or do they make insurance recommendations as well?

The following are the qualifications required for the post :-
Education :-Bachelor’s Degree (Bachelor’s Degree not required for candidates with more than 5 years of sales experience)
Requirements :-
Demonstrate ability to sell
Excellent problem solving, networking, communication, interpersonal and organizational skills
Interest in investment and financial markets
Demonstrate excellent work ethic and ability to multitask

2008-07-10 15:27:44 by hanniwl

Price: $25.95

completing it. Do you owe them money?

That really depends on the situation. You must read your contract very carefully. Typically there are reprecussions if you choose to leave in order to join a competitor. If you are struggling as an Advisor and come to the realization that it isn't the career for you, then that is another story. I would suggest discussing that question with a branch manager.

2007-04-15 06:31:35 by Killer Chick

Morgan Stanley-Smith Barney is aggressively attempting to recruit financial mavens. Based on your experience or observation, is this a real job or another sales fiasco, similar to Primerica or other such "opportunities"?
"Lucy Lu", I know WHO they are; I just didn't know anything about the position in question.

It's my belief that it is a real job, but you smell something afoul about the opportunity. Granted, it's the same schtick - you get your 7 and 63 licenses plus other licenses at the job requires. After they train you, you will have to spend a lot of time on the phone cold calling old people who mistakenly believe that you're their son or daughter and talk your ear off, or people who will hang up on you because you are a salesperson. the bottom line here is that there's a bunch of similar opportunities, but be sure to read the fine print. Get a job description before signing anything.

Note: Richard (above) said that MS-SB is one of the most respected brokerage firms in the country. True. But regardless of company, you're still going to be stuck doing the same thing. Regardless of where you build your sand castle, the sea will ultimately claim it. I'd stay clear away from this job. There are other opportunities out there. Go for it.

Good luck.

2009-08-24 08:01:22 by Ecks Dreeme