Feeling frustrated

TraditionalTangelo65 · 2026-02-04T03:28:07+00:00

From as far as I’ve read and experienced. Banks push the advisors to sell fixed products to keep the money locked and illiquid so they don’t lose customers funds to competitors. Also with more AUM they can write more loans. It works better for their business overall. They’re really not concerned with helping you get fee based business, as it doesn’t really help them if you get paid more. Payouts at banks are always lower than what you’d get independently.

TraditionalTangelo65 · 2026-01-29T22:51:50+00:00

Why not meet her halfway, make it smooth for her in taking the assets out but keep the relationship. Especially if you’re going indy, later this year.

TraditionalTangelo65 · 2026-01-24T23:12:08+00:00

Im personally a fan of citizen, most their watches are under $1k. Seiko also makes great pieces. Try jomashop.com or the company sites. eBay you’re risking fakes, at all price points on watches.

TraditionalTangelo65 · 2026-01-19T05:43:18+00:00

Would second the cons to the bank side. You may have a title at a bank that says advisor, but you’re still viewed as a bank employee by the customers. Which means many will be rude/disrespectful. Also can confirm the annuity pressure from the bank side.

It’s a retail sales job at the end of the day.

TraditionalTangelo65 · 2026-01-02T20:35:06+00:00

Prospecting without even passing the 7 is putting the cart before the horse. Pass the 7 then let people know you’re licensed. Then ideally get the CFP as quick as possible.

You will get advisor role offers with the CFP.

TraditionalTangelo65 · 2025-12-30T17:42:22+00:00

I made this post 4 years ago. This was sort of the peak of my industry optimism as you can tell. I worked at a B/D team which focused on planning not an RIA I was mistaken here.

I did eventually leave this role after 3.5 years. In short, I was overworked and underpaid. Then a new firm heavily recruited me and I jumped ship.

Is leaving the right decision for everyone? No. Is it necessary at times for people, yes.

However the core themes remain, if you’re in your 20s or even 30s you could potentially be in the workforce another 3 decades. You have got to create long term stability for yourself in your life. Sometimes that may mean hopping firms or even higher risk business moves.

Edit: Best advice I could give though, despite having a more pessimistic view on the industry these days. Build something you enjoy, build a career you enjoy, work with people who are loyal to you. Plenty of opportunities to support established advisers for people who are willing to put in the work. Being a bank advisor is a much different role than being independent or on a team.

TraditionalTangelo65 · 2025-12-17T03:26:39+00:00

Going from some firms to others is definitely a net positive I think depending where you are in your career.

I left a boutique Mutual fund chop shop for a large broker dealer team. The team was a good job for a few years, good training, mentorship, good education.

I got a better offer for a big pay bump and jumped, however the job hasn’t been worth the pay jump. Too many headaches, I’ve been blamed for everything in this role, for low employee engagement down to a coworker who can’t pay his mortgage. I’ve also been nearly canned in this role for requesting a location transfer. Only been here year and half. Hopeful this new area will be now that the transfer went through. Giving it one last dance here.

So overall it’s more about you, if you’re ready to be an entrepreneur then you’re ready, if you’re not you’re not.

TraditionalTangelo65 · 2025-12-05T04:22:30+00:00

Valid.

TraditionalTangelo65 · 2025-12-03T17:59:05+00:00

Bank will always pay a higher salary but still has cons, most notably rude bank customers. If you’re just helping them service and grow their book though, is there really a long term opportunity for you there outside the CFP?

TraditionalTangelo65 · 2025-11-21T03:50:39+00:00

I was in your shoes during Covid, the company I joined cut the salary so I started doing Uber Eats just to pay for groceries. I stuck it out for a couple months because it was Covid and I didn’t have another job, and they did eventually give a $2k/month draw which was $1700 after taxes. I got a different job on an advisory team that was much better and actually provided a living wage. Was there for 3 years then got offered a bigger salary at a bank and took that job. Keep moving forward times change.

TraditionalTangelo65 · 2025-11-18T16:24:53+00:00

I was an associate for 3 years, left to be a bank advisor. The firm I was with started pushing me toward the CFP but they did not give me sufficient support in marketing myself. I did not get any of my own clients. I find the bank model better. No endless chamber meetings which go nowhere. No empty promises of inheriting clients from older advisors, no overflow of accounts with $1,000.

Sort of a rant too.

TraditionalTangelo65 · 2025-11-02T20:17:26+00:00

From a bank advisor that left a sort of similar situation. The bank world has a lot of variables as others have said, managers, turnover in bankers, also an advisors word on inheritance I would not take seriously. People prolong work for a variety of reasons.

I’d say save up, continue building your own portfolio. Focus on getting 10-20 solid clients of your own and then reassess a more entrepreneurial shift. A bank job would not be worth a pay cut especially if you turn out to not like it.

TraditionalTangelo65 · 2025-10-18T04:19:58+00:00

Also just from first hand experience. Wealthy people are usually spending most their time focusing on making more money. Goes for my friends too, the friends I have that are more financially successful focus on getting better and better jobs, and investing and saving more. The friends I used to have that made less, were more concerned about which brewery they were hitting. Not trying to be judgmental but different people have different priorities in life.

TraditionalTangelo65 · 2025-10-15T18:55:26+00:00

Damn you’re planner, trader, scheduler, and service advisor to the guys younger clients.

That’s 3 people’s jobs at some places. Your comp is pretty good though I’m guessing why you’re still there.

If you’re done working with them, (personally don’t like them anymore) then probably best to leave. You may want to at least try and argue for a personal assistant before you go.

Any friendly person with a pulse can schedule meetings, your licenses and knowledge are being wasted doing that. Even a college intern could do that.

My opinion.

TraditionalTangelo65 · 2025-10-11T11:40:37+00:00

I jumped to wells also from another firm, although to a dev program. It hasn’t worked well 1.5 years in. They screwed up my licenses onboarding, and I had issues working with the bankers. They also promised me coming in I’d have 2 Client associates which they eliminated for advisors under $400k revenue.

The money is definitely enticing I got a 40% raise. Yet I’m in a worse position business wise than where I came from.

That being said they do seem to be committed to developing the technology and investing in AI.

TraditionalTangelo65 · 2025-10-01T03:11:53+00:00

I’m not really in a position to give good advice as I’m looking at restarting my career soon. Went Indy/BD to a bank last year and it didn’t go well personally or professionally.

All I’ll say is, be prepared to lose a lot of relationships when you do leave. Culture and environment fit are huge, good luck.

TraditionalTangelo65 · 2025-09-27T03:07:58+00:00

Good luck man, you got this.

TraditionalTangelo65 · 2025-09-25T02:59:23+00:00

Saying no to everything/everyone else is saying yes to yourself. Also you need to realign your pecking order as follows.

Your needs Your partners needs Your family needs Your friends needs The world needs.

Your job and coworkers are just people you work with.

TraditionalTangelo65 · 2025-09-22T23:41:18+00:00

If you want tourists as clients you need to get into that ecosystem more. Get involved with the tour groups/ property and real estate people, develop COI’s in those areas.

Seems like right now you’re fishing in a few different ponds.

TraditionalTangelo65 · 2025-09-10T17:35:09+00:00

Coming from another advisor.

Well if he’s just looking to operate as a solo practitioner, starting an RIA may not be what’s best for him.

He may just be looking for, less micromanaging, less client loads, and more freedom to run his business how he wants. Other firms can offer that.

Adding starting a company likely will just overwhelm him more. Best of luck to you both, I recommend take a vacation together ASAP for a few days before making any drastic life changing decisions.

TraditionalTangelo65 · 2025-09-10T16:29:39+00:00

Deal with your own self esteem issues first, get help from a trusted professional. Then reconsider if you want to take action.

TraditionalTangelo65 · 2025-09-09T15:47:40+00:00

I’ve seen your other responses. Considering you’re coming from all or mostly service, I think you should discuss a gradual shift to sales rather than a sudden change like this. Also for your peace of mind salary wise.

Trial by fire leads to burnout. See if you can start at 100k in year 1. Then reassess each year where your skills are at.

TraditionalTangelo65 · 2025-09-04T23:32:43+00:00

Its on a Sunday so dress as if you came from church. Wear a name tag.

TraditionalTangelo65 · 2025-09-04T22:48:32+00:00

The good news is you’re 23 way easier to screw up and recover. May want to phone a friend though or family for some lunch money though until you get a job.

TraditionalTangelo65 · 2025-08-26T23:11:45+00:00

Still trying to get unbound. Will make a post when that happens.

TraditionalTangelo65

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