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Thread: 2nd career change..Advice needed (switched into wealth management)

  1. #1
    Junior Member
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    Mar 2010
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    2nd career change..Advice needed (switched into wealth management)

    I will keep this brief..

    - 30 year male, graduated with a diploma in Architectural Technology
    - Worked in the industry for 5 years and decided its just not for me nor do I believe its a stable industry
    - Turned to my true passion in life (found this out late in my college studies) I have a passion for the markets, forex etc.. secondary passion in wealth management.

    In preparation for this transition I have taken and completed my CSC course..

    Ideally I would like to work in a discount brokerage.. finding out its harder then it appears to get a job..

    I live in Toronto..

    Any advice is welcomed..

    PS: I plan to read how to make friends and influence people to help with my sales training..

    PPS: the image verification to post is really annoying
    Dodder


  2. #2
    Senior Member
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    Apr 2009
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    Toronto
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    Not sure why you want to work for a discount brokerage - I imagine most of the jobs there are back office/technical and marketing.

    If you are interested in wealth management, look at that kind of company - banks etc.

    You might want to look at getting the CFP.
    Mike Holman
    Money Smarts Blog Investing and Personal Finance

  3. #3
    Junior Member
    Join Date
    Mar 2010
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    FP: yes definitely CFP after I have a year of experience etc and I can start taking courses.. I am a full on believer of continually taking courses to improve at whatever you are doing in life.. "reach for the top" type stuff.. I just cant afford to go back to school for 4 more years to get a business degree (BCOMM) and then look for work..

    Working at a discount brokerage on the phones in their call centre.. you gain more experience then sitting as a teller in a bank somewhere..

    At least that is what I have been told by many people who work in the industry

  4. #4
    Senior Member
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    Aug 2010
    Location
    Vancouver, BC
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    I'm taking CFP right now.. $500 a course.. 6 courses over 3-6mo terms each depending on your pace.

    There are non-teller jobs available and/or you can use that to transfer to another position. Plus, working at a bank the benefit are good and they would likely contribute to your education costs.

    Some food for thought


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