Best Place to Begin a Real Advisory Practice
Pros
-Senior Advisors know their stuff and are willing to help you build your practice -Your practice is your own practice; you can build it however you wish with the clients you want and the business model that works for you -Ongoing training to help you keep up to date with markets, regulations, laws, and products. -Good comp compared to other companies -Plenty of room for growth -Entrepreneurial role
Cons
No sugar coating here; the job and industry itself is very, very difficult to start. Don't expect to ride a rocket ship to the top. This isn't really AWP itself but more the entire financial advising world. Then again, building a business from scratch is never easy. They have a lot of marketing materials to use but in my honest opinion, they are a little outdated. The firm also is a little behind on overall marketing strategies, but compliance makes it difficult to begin with (thanks FINRA). Learning how to sell products and your services is good, but there is no follow through in the training process on how to handle the steps afterwards. It's more of a "trial and error". This often delays pieces of business from getting done sooner. Also, potentially makes the advisor look foolish in front of the client.
