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OT--second career as a financial advisor?
Posted on 7/19/16 at 7:30 am
Posted on 7/19/16 at 7:30 am
Retiring from USAF effective 1 August and have been recruited by Wells Fargo and Country Financial in the last few days. Had not thought about financial advising prior to their interest in me. Any FAs on the board who can offer some "go for it" or "run away" advice? I'm retiring as a Colonel and the thought of full on starting over, 2 years of school and taking 3-4 years to get back to my current salary level "maybe" is scary. That's a long time to try and figure out if I'm any good at it or should've stuck with manufacturing or something.
7
Posted on 7/19/16 at 7:41 am to Brick67
Are you good with people and can gain someone's trust relatively quickly? That's the stuff that can't be taught. You can learn the fundamentals.
Posted on 7/19/16 at 8:11 am to Shepherd88
Judging from 20/20 hindsight and feedback from my personnel--yes. My people skills has been my strength and is what got me to O-6. I was never "the best" at my career field but my Airmen always liked me and responded very well to me so my airmen have always validated my people skills. I've been in the "people business" for a very long time even though it was an industrial environment--it is people that make everything happen. I guess I have a lot of it naturally and I honed it as a teen and college student in the hospitality industry working country clubs and resorts.
Posted on 7/19/16 at 10:17 am to Brick67
First off Colonel, thank you for your service.
What was your specialty in the USAF? You mentioned industry as a post-career option, would this be in management or consulting? Or do you have flight engineering experience?
I know someone that was a naval aviator - test pilot - and he retired as an O-6. Left that career to sell airplanes. Did really good but the company had issues, so we decided to sell life insurance. He has made a hell of a career selling life insurance and financial planning to retiring military officers. He targets them in the year -two before retirement and helps them transition to the civillan world and does planning regarding their retiree benefits.
What was your specialty in the USAF? You mentioned industry as a post-career option, would this be in management or consulting? Or do you have flight engineering experience?
I know someone that was a naval aviator - test pilot - and he retired as an O-6. Left that career to sell airplanes. Did really good but the company had issues, so we decided to sell life insurance. He has made a hell of a career selling life insurance and financial planning to retiring military officers. He targets them in the year -two before retirement and helps them transition to the civillan world and does planning regarding their retiree benefits.
Posted on 7/19/16 at 11:29 am to LSUFanHouston
Aircraft Maintenance Officer
Posted on 7/19/16 at 1:26 pm to Brick67
I have always pondered doing life insurance sells as a 2ndary income to my daily job. I have held my Life& Health license in the past but let it expire a few years back.
Any thoughts on if doing life insurance as a side gig as an independent agent would be worthwhile?
Any thoughts on if doing life insurance as a side gig as an independent agent would be worthwhile?
Posted on 7/19/16 at 1:29 pm to Brick67
quote:
Aircraft Maintenance Officer
Gosh, it seems like you would have so many opportunities here with private industry.
Posted on 7/19/16 at 1:38 pm to Brick67
If you are a people person and considering your military rank/leadership level, Human Resources at big companies can be a great opportunity for you. I've seen several that fit in really well due to their military background in banks(one I work at now) and other companies. Depending on the size of the company/organization, they make very nice salaries. I would suggest you look into HR management.
Posted on 7/19/16 at 2:25 pm to Brick67
Maybe consider selling capital equipment for a large corporation as in airplanes for Boeing, or industrial, medical equipment for someone like GE or Siemens. GE especially likes to hire former military officers for the positions. The training process is reasonably short and the compensation can be well beyond that of the FA jobs.
Posted on 7/19/16 at 4:26 pm to EA6B
Go apply at Stryker and sell medical equipment
Posted on 7/20/16 at 11:55 pm to Brick67
Boeing, BAE, or Lockheed Martin will snap you up in a heartbeat for Business Development with the skills you acquired in the AF. Have you ever thought about commercial sales/BD for one of these large corporations?
Posted on 7/22/16 at 5:39 pm to Breauxsif
I've got a resume in to Lockheed. So far it's been crickets. Job board application process suuuuuuucks!
Posted on 7/22/16 at 5:42 pm to LSUFanHouston
I'm finding in my immediate area (Athens) that positions are filled or there's a hire freeze with some companies.
Posted on 7/22/16 at 6:45 pm to Brick67
Can you go back as a civilian contractor at some place like Warner Robins, or are you looking to do something different?
Posted on 7/23/16 at 2:11 pm to EA6B
I could. However, trying to stay in the Greater Athens, GA area we moved to. Wife/kids are settled/love it and don't want to move--again. So I'm trying to make it work in a 1-hour commute ring around us. Atlanta is the furthest I'll go (~1hr 20mins)
Posted on 7/23/16 at 5:25 pm to Brick67
Lot of uncertainties right now in the financial services area. Move to fiduciary standard is going to affect the business model of a lot of FAs, already has actually. Not saying there isn't money to be made but may be tougher for those starting out. Im not an FA but follow the business pretty closely.
Posted on 7/25/16 at 4:46 pm to dirtsandwich
Interesting you bring that up. Wells Fargo is talking to me and so has Country Financial. WF I believe will have to adjust. However, Country Financial has been operating the way the change is directing for a long time so they are already in compliance. Makes CF a little more appealing.
Posted on 7/25/16 at 5:47 pm to Brick67
have you thought about managing a call center? Its very similar dynamics to the military. I worked at capitaleone in the 90s, and our mid level managers were straight from the military. Lots of young people to manage and encourage.
I would assume you have a degree, what is it in?
Also, athens is tough as its in the middle of nowhere.
those FA jobs with the banks are a chew you up type thing. If you can do well at it, the next level are nice well paying jobs. but the entry level shite is really hard. Usually a lot of cold calling.
I would assume you have a degree, what is it in?
Also, athens is tough as its in the middle of nowhere.
those FA jobs with the banks are a chew you up type thing. If you can do well at it, the next level are nice well paying jobs. but the entry level shite is really hard. Usually a lot of cold calling.
This post was edited on 7/25/16 at 5:48 pm
Posted on 7/25/16 at 7:59 pm to Hawkeye95
quote:
athens is tough as its in the middle of nowhere.
You act like its in the middle of South Dakota.
Posted on 7/25/16 at 9:56 pm to Brick67
Where were you stationed?
Have you thought about teaching at Georgia?
Have you thought about teaching at Georgia?
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