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is it bad time to be considering a career in mortgage or financial advice?

2

Comments

  • dunstonh
    dunstonh Posts: 120,015 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    1) Edward Jones is a so-called IFA position, but...it is extremely noted as a hard-sell company! It is almost like working from someone's home! You can actually search the people within your postcode. Feel free to phone them. However, alot of bad reviews out there. Basic is really good for a graduate. Can expect around £22,500 - £25k if you are smart at haggling. But definitely telesales job. They have customer contact lists, and you shoot out to their houses. This company is more well know in america.

    I dont believe they are allowed to call themselves IFAs as they dont offer a fee option. Whatever though, they are hard sales. Very slick normally but a modern day Allied Dunbar.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    koexelek wrote: »
    Selling raincoats in the Sahara desert would probably be a better career option at the moment

    Is this on a self-employed basis?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • TEDDYRUKSPIN
    TEDDYRUKSPIN Posts: 1,528 Forumite
    Wutang wrote: »
    Is this on a self-employed basis?

    No one knows! No one knows!

    My brain is humming the 'go compare!' song for some reason. The big fat guy with the moustache is irritating me.

    Go compare! Go compare!

    :mad:
    Motto: 'If you don't ask, you don't get!!'

    Remember to say thank you to people who help you out!

    Also, thank you to people who help me out.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    No one knows! No one knows!

    My brain is humming the 'go compare!' song for some reason. The big fat guy with the moustache is irritating me.

    Go compare! Go compare!

    :mad:

    I see the next christmas number one in the making...

    Go Compare!

    Go Compare!!
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • TEDDYRUKSPIN
    TEDDYRUKSPIN Posts: 1,528 Forumite
    Arghhhh!!!! Just forgot about this!

    Go compare! Beat the meerkat advert face down!

    Go compare!!!!
    Motto: 'If you don't ask, you don't get!!'

    Remember to say thank you to people who help you out!

    Also, thank you to people who help me out.
  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    I think this is a great career direction - rather than advising on financial products:

    gio-compario.jpg
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Wutang wrote: »
    I see the next christmas number one in the making...

    Go Compare!

    Go Compare!!

    Sung by those twins from X-Factor ?
    Space available for rent
  • TEDDYRUKSPIN
    TEDDYRUKSPIN Posts: 1,528 Forumite
    edited 22 October 2009 at 7:53PM
    Sponsored by moneysavingexpert.com.

    What a brilliant no. 1! Come on!!!!!!!!!!!!!!!!!!!!

    Go compare!

    Sorry for this. Had to add it!

    http://www.youtube.com/watch?v=mJ-6clXHMEw

    In HD!!!

    http://www.youtube.com/watch?v=F_-9QFvhQWo

    TA9396.jpg

    creosote.jpg
    Motto: 'If you don't ask, you don't get!!'

    Remember to say thank you to people who help you out!

    Also, thank you to people who help me out.
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    dunstonh wrote: »
    I dont believe they are allowed to call themselves IFAs as they dont offer a fee option. Whatever though, they are hard sales. Very slick normally but a modern day Allied Dunbar.
    I believe they've just been bought by Towry Law. The feel seems to be that the salesforce will be significantly reduced, and that they will basically be recommending the Towry Law portfolios (apparently that's how they do business?) for a fee from now on.

    All in all, not a good time to be an Edward Jones rep, in my view.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • dunstonh
    dunstonh Posts: 120,015 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Aegis wrote: »
    I believe they've just been bought by Towry Law. The feel seems to be that the salesforce will be significantly reduced, and that they will basically be recommending the Towry Law portfolios (apparently that's how they do business?) for a fee from now on.

    All in all, not a good time to be an Edward Jones rep, in my view.

    Towry Law are a pet hate amongst most IFAs as well. They claim a fee model and criticise heavily commission. Yet their fee is higher than the commission paid on investments. There is no fixed fee option. Most wouldnt have a problem with that if it wasnt for the highly vocal anti commission stance.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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