re: Life as a Financial Advisor

I am not a CFP, but have been in the business for a little over 10 years. I believe that the ML route for the training, followed by a stop at a bank as a junior broker is a great route. It will allow you to build relationships and get in front of clients. After you feel like you have a good understanding of being an advisor, then you should look at getting CFP and going on your own. The first 3-5 years will be extremely long hours but you will be fairly compensated. After that you will dictate your schedule and income. If you go the managed money route you will be selective of clients, but will probably work with the majority of ideal clients. If you go the commission/transaction route, you will have more clients and will always be chasing new clients. Hope this helps.