Company: J-P-Morgan
Date: 2010-06-14
Overall rating: 3/5
Employment status: former

retail bank Financial Advisor
Pros: access to thousands of bank customer
prospects will take a call (or return a call) when it comes from their bank
ability to compensate bankers for referrals
tremendous flexibility of schedule
Cons: extraordinarily high turnover in management
low payout percentages and routine haircuts
high monthly revenue goals
disincentive to build book of managed money
equality of sales expectations, but great disparity in opportunity set (income potential dependent on affluence of customers in branch assignment - don't accept an offer if it's tied to a branch in a low-to-moderate income neighborhood... doomed to fail)