Company: J-P-Morgan
Date: 2015-07-09
Overall rating: 1/5
Employment status: current

Financial Advisor
Pros: Company has Great benefits. Bankers get compensated to set appointments for you. You control your schedule.
Cons: In 2015, the pay structure for Financial Advisors changed dramatically. FA's don't get paid on trades that are less than $50K. That is no problem if your bank is in a wealthy part of town. Many banks are located in areas that have customers that are well educated and have great FUTURE income  potential, they are just not there yet. Their trades are often less than $50K. I have built my business on helping them with the small trades, knowing that as their income increases, so will the trades that I do for them in the future. So, the concept of "Location, Location, Location", is important to succeed with JPMorgan Chase. IF, you have a good location, (Bank location that is..), there is a better chance you will succeed. 
The company's comp policy says, "We don't want to mess with the small fish, we only want the whales". A bad business policy for the clients, financial advisors and banks that use to provide  a great service to their client. While the comp policy is expected to change a little every year,
this change is one that is great for the company and bad for everyone else.