Financial Advisor Exit Ops?

I'm an FA at a BB in Los Angeles, just seeing what my exit ops are. I've been here for about 7 months and have had enough of cold calling (so no sourcing deals in IB in my future...). I'm fully licensed and love the research side of things but I'm no excel wiz. Just testing the waters to see where other former advisors leave to.

 
The Kid:
If you have been thinking of possibly going the MSF route I would definitely suggest looking into that

I have thought about this, but it would have to wait a few years. I already have an MA in Geopolitics and am currently paying off the debt from that.

As for networking I don't have much contact with our other departments or other offices because my office is significantly disconnected from our regional headquarters (Downtown LA). So that might be an issue.

 
Best Response
kostcoguy:
The Kid:
If you have been thinking of possibly going the MSF route I would definitely suggest looking into that

I have thought about this, but it would have to wait a few years. I already have an MA in Geopolitics and am currently paying off the debt from that.

As for networking I don't have much contact with our other departments or other offices because my office is significantly disconnected from our regional headquarters (Downtown LA). So that might be an issue.

The most important thing for you at this point is to figure out if this is something you want to do for the long term, and if its not then start being extremely proactive because the longer you stay in your current position the harder it will be to get out... there really aren't any exit ops or doors that are opened for FA's, you have make things happen for yourself.

What would be your top choice to transition into? IBD, ER, S&T, Corp Fin, other?

 

An easy exit-op would be wholesaling. Having experience as an FA would be a major upside given your industry/product knowledge.

 

You will have a hard time getting to the sell side from FA, and it's almost impossible for you to become a PM. Depending on what year of school you are in, you should have a PWM or boutique internship, Summer Analyst your Junior year, and get a FT offer. If it's too late for all of that, you may want to look into MSF at a target school for OCR.

 

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The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.

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