If you're a newer advisor and need help with sales, check out my upcoming masterclass:. www.jumpstartcoachinglab.com/masterclass

@cat_alyst6306

2 жыл бұрын

I have a request! I know you have talked a lot about entry level, I’m hoping if you could give some kind of guidance regarding someone with 10+years of retail banking/management and a career pivot to the CFP/CFA role? I am new to the channel and so far love your content!

@DominiqueHendersonCFP

2 жыл бұрын

Both will take about 2-3 yrs to complete. They are very different designations though. Why both?

I am currently enrolled at university of phoenix to get my BS in Business with a financial planning certificate as an extra side course. I am so excited to be able to follow my dream and eventually help people budget their finances. I have always loved money and numbers since i was a kid, I remember checking the news paper for ticker symbols. LOL Anyways. Thanks for sharing! Keep up the great videos.

@DominiqueHendersonCFP

4 жыл бұрын

Johnny Encinias Financial Freedom keep it up...we need more talent in this industry!

@RMIStore

2 жыл бұрын

Hows your time at university Phoenix.... I'm currently enrolled with the same aspirations

@InvestorMattU

2 жыл бұрын

I used to work at UoP Online as an enrollment advisor! That was a lifetime ago lol. Currently a Director of Research for an Outsourced Chief Investment Office managing money for institutions, family offices, and ultra-high net worth families. As previously stated by the video poster, we are in need of quality talent in the industry. The average financial advisor currently is about 10 years out from retirement. You are also coming into the industry in a unique time where the long-standing players in the space are being forced to change due to competition of Fintech-enabled advisory platforms who can provide a whole litany of services remotely for a fraction of the cost of traditional Bank Trust departments and wirehouses. It's also never been easier as an independent advisor to scale up your business back office with turnkey asset management platforms and other firms that save you the need to hire a bunch of people to support taking on a good amount of clients. They also automate things like marketing contact plans, administrative tasks, and other core functions that historically would have taken a bunch of your time. There are also platforms where you can bring in tax and estate planning professionals quickly to provide value added services to your clients. Some advisors even outsource their own financial planning! It's a great industry, and you can help a lot of people (especially since they can be harmed by either not participating in investing or learning poor habits-Tiktok comes to mind). Thankfully, if you are resourceful and don't get caught up in the "big firms = better solution" trap (This is true for advisors as well as clients), you can dually set up your clients and yourself for success. Best of luck.

Your videos are so so useful. As a recent undergrad of a financial advising degree this would have cleared so many questions I had back in my studies! Thank you, and keep rocking it 👍🏼

Thanks for sharing the numbers. Very informative!

@DominiqueHendersonCFP

3 жыл бұрын

👍🏽

Great video. I have a lot of respect for you and how you built your career.

Hey Dominique. Thanks for the great content. I appreciate the helpful and accurate information!

@DominiqueHendersonCFP

3 жыл бұрын

My pleasure! Be sure to check out the FREE community @Michael: www.jumpstartcoachinglab.com/community-resources

Thank you so much for this Dominique I just finished my Series 6 and building my book of business this is very helpful

@DominiqueHendersonCFP

4 жыл бұрын

No worries. You may be interested in the April trainings: www.eventbrite.com/o/jumpstart-coaching-lab-30004477342

Very informative video! I believe this will help many advisors find the route that works best for them.

@DominiqueHendersonCFP

4 жыл бұрын

Thanks Michael--I'm glad you found it helpful.

great content I am learning from you every day :)

@DominiqueHendersonCFP

3 жыл бұрын

Awesome, thank you! Have you joined the FREE community? www.jumpstartcoachinglab.com/community-resources

I needed this video. Thank you

@DominiqueHendersonCFP

2 жыл бұрын

Glad it helped!

Very informative as someone just starting in b12 with series 65

I see that psycho-cybernetics in the back! Love that book, and awesome content presentation thanks for sharing your wisdom!

@DominiqueHendersonCFP

3 жыл бұрын

You bet! Great read!

Dominique, thanks for sharing your story great to hear. I just started on with Northwestern Mutual as a Financial Planner mostly due to my interest and love of investing, i'm a career changer, 29 , worked in sales much of my career. Looking forward to checking out a few more of your videos.

@andrew8170

3 жыл бұрын

In the same position man, I just landed my first junior advisor role with an independent RIA. I came from a sales background as well and its been a journey to just break in

@kevalnagda9953

3 жыл бұрын

Isnt Northwestern Mutual just Insurance and no financial planning.

This was very, very helpful. I think my way in may be operations/back office to start and have a salary, then get proper licenses and move to salary w/ bonus as an advisor. As career changer with kids I need my income to stay the same as now or increase, not drop as it would if I did commission only.

@DominiqueHendersonCFP

4 жыл бұрын

Not a bad plan!

As someone who is currently in their third year of working as a Registered Rep, who has their 66, 63 & 7, this is very valuable information. Specially now that I'm looking at the Advisory role more seriously. Only thing holding me back is the 100% commission rate and my very low sales skills.

@DominiqueHendersonCFP

4 жыл бұрын

Keyword...."skills". Which mean it can be learned😁

@joeycaromano2347

3 жыл бұрын

I feel that completely

@teerich2011

2 жыл бұрын

Thierry are you an employee then?

@Stillthierry

2 жыл бұрын

@@teerich2011 I was at the time of the initial post. I have since moved into a different role

I'm very excited about this video is learning for me now . I'm now doing this so these videos are very interesting to me.

@DominiqueHendersonCFP

2 жыл бұрын

Tell me more @Marian Wright!

Looking into going back to school. I have a great job now, but the future is uncertain. I make about 70k now and I think I would have to take a pay cut for a little while until I build up my experience in the financial sector.

@DominiqueHendersonCFP

3 жыл бұрын

This why jumpstart was created😁! www.jumpstartcoachinglab.com/happy-300

Just started down this path! Or at least one of them. I'll be subscribing for further guidance and direction. In college, how early should I hunt for some of these certifications?

@jack633

3 жыл бұрын

SIE expires in 4 years I believe if you don't get hired at BD, so if you want to get a really early headstart you can get your SIE while youre still in school

The tough part with life insurance is the cancellations, I've had the $20k months but then also the $8000-$10000 in charge backs which makes it hard to sustain the business in slow months. The truth is just like real estate the money is building and running a team and if course coaching other advisors. I'm headed back to Dallas in March with a Mortgage license I'm not sure if I'll use my 7 and 66.

@DominiqueHendersonCFP

4 жыл бұрын

Dunn The Finance Guy Are you doing financial services full or part time?

@Dunn_mortgage_advisor

4 жыл бұрын

@@DominiqueHendersonCFP I was full time, I left my last company Massmutual. I'm sitting for the MLO exam weds, with my knowledge there is massive potential for earnings plus there is no restriction on social media marketing.

Final year of my bachelors in financial planning 😁. I want to get my CFP designation as soon as I can so that I can focus on getting my CFA. I'll probably do an MBA way later I'm in no rush to get my Master's.

@DominiqueHendersonCFP

2 жыл бұрын

Would love to hear of your progress that is a difficult path that most don't take.

I work for a big wirehouse and we're salary for the first three years. They consider you in training during that time. So it's less stress in that aspect, but if you don't make your sales quota then they fire you real quick. You never make it through the three years. That's where the stress comes from.

@DominiqueHendersonCFP

4 жыл бұрын

No doubt that is stressful!

I’ve watched a couple of videos and I’ve liked and subscribed.... Do you have any advice of which route I could take to break into finance without a college degree? I have lots of real world experience (I acquired my own portfolio of residential income properties (9 units) I’ve been studying and actively trading non stop for the last year (futures, options, stocks and forex) I’m familiar with traditional financial wisdom from personalities like Dave Ramsey and Clark Howard.... I’m 36 and I haven’t worked in about 2 years because I’ve been living off my own investments but I’m ready to re enter the work place and I think finance would be a good fit but I’ve only taken a single semester of accounting. I’m considering taking the series 7 & 63 Kaplan courses so that I’m more attractive but I’m not sure if this is a smart move or not. Any advice would be GREATLY appreciated!!

@DominiqueHendersonCFP

4 жыл бұрын

Hey Robert! I appreciate you tuning in and subscribing my friend! 1. You may also consider watching the video (kzread.info/dash/bejne/gIWj162Ae83SqqQ.html) I did with Ash Exantus. Perfect example of how you don't have to have a degree to be successful in this industry. I'd say the consumer banking route is a common "work your way up the ladder" route. It will take time but you will learn a lot. You will also get exposure to many facets of the business. At some point you will be able to be licensed to sell securities. By then you may very well know how you want to help people. Give yourself a good 3-5 years to figure that part out. 2. I'd also recommend downloading my 10 Tips to Jumpstart Your Career guide as it has what I believe all aspiring financial professionals need to be doing right now to help themselves break into the industry. djh-capital.com/jumpstart-career-guide Again thanks for watching!

Thanks for sharing your story I learned a lot from it. Could you give me some career advice? I want to work at a hedge fund or just break into the FA field while I'm in school (pre-bach degree). I graduate with a BS in economics next year. I'm going straight into master econ program / data program. The econ ms grad is fall 2024 and the data ms is spring 2025. I'm currently working at a well known discount BD and I'm I've earned the SIE and series 7. I'm testing for the series 63 next week. I'm considering the CFA, CQF and CFP seriously atm.

@DominiqueHendersonCFP

Жыл бұрын

Join the next challenge. jumpstartcoachinglab.com

Hi, where can I get sponsored for a series 7 exam in US where I don't have any sales quotas, no salary or any sort of pressure. All the roles I"m finding are sales scammy jobs where I heard they get people their health and life license and as soon as they find out you can't sell anything they let you go before you can have the privledge of studying for the series 7

@DominiqueHendersonCFP

2 жыл бұрын

You need guidance.😉 Join the community: jumpstart.mn.co/

I want to be a financial planner ! In canada its not like advisor you need a bachelors degree and be part of the financial advisor institute

@DominiqueHendersonCFP

4 жыл бұрын

Tedia Rosarion have a few of your countrymen on my Facebook group... djh-capital.com/jumpstart

Hi Dominique, I live in the Allen/Dallas area and I’ve been in the financial industry for over a decade as a banker and ventured out as a licensed insurance agent last year with NYL. It was a unique experience and since then I’ve went back to banking for financial reasons as a banker with BofA in hopes of getting over to the Merrill Lynch side as a FSA. However, I ideally rather would like to work for myself and the freedom that I had as an agent I value most. I am considering an opportunity at mass mutual. My question to you is company wise, what would you suggest is best for becoming a financial advisor? Lastly, I believe I’ve taken a step back coming back into the banking world as my Philosophy is really not centered around clients putting there money in a bank. I appreciate your response in advance.

@DominiqueHendersonCFP

Жыл бұрын

Company affiliation should be in alignment with who you are as a person. Good luck!

What if I am not good at financial stuff in high school but I would like to become a Financial advisor, do I need to be good or would I look HOW to be a financial advise thorough college???

@DominiqueHendersonCFP

4 жыл бұрын

It's like anything else...practice :-)

Hey! What are your thoughts of mlm financial firms?

@DominiqueHendersonCFP

3 жыл бұрын

“Does it serve the clients best interest?” should always be the prevailing question.

@kevalnagda9953

3 жыл бұрын

Probably not!

how do you make your words on screen during your videos?

@DominiqueHendersonCFP

3 жыл бұрын

Captions😉

I am currently employed at TD Ameritrade as a Retail Trading Specialist on our Trade Desk. I am currently looking at moving closer to my hometown and saw that Edward Jones is looking for a FA. I am going to be talking with some connections I have there, but am worried that this is going to be a pure sales position that focused on selling clients into high expense products (like front/back load mutual funds) and won't be looking for what is best for the client. So my question is: Is it wise for me to go towards an Edward Jones route or would looking for an independent RIA firm be better? Also, what would the minimum qualifications be for independent firms (I currently only have my series 7 and 63)? Thanks

@DominiqueHendersonCFP

4 жыл бұрын

Hey there😁! 1. Plug into a community. Definitely agree with leveraging your network to determine in that is a fit for you. Check out this video: Financial Advisor Survival Kit - 4 Elements to Succeed kzread.info/dash/bejne/pIt70MikpaauZco.html 2. Download my guide for free. In particular tips #1 & 7. Good luck! Thanks for watching

The big question is, how many customers can you bring in! Customers=$ So, how many customers are you going to bring in?

@DominiqueHendersonCFP

Жыл бұрын

Is that the "big"question? There is a limit on an advisor's overall capacity to serve "x" amount of clients. Then he/she must turn into a manager. So it is definitely not an simple answer.

Why is this always described as a sales job? I am discouraged. I am a career changer and really want to help people with financial planning. I dream about helping low and middle income families with their finances, doing workshops and teaching financial literacy, and coaching individuals. You are telling me I have to sell my soul and basically be an insurance salesman when I first start out doing this? I refuse. Why refer to an insurance salesman as a financial advisor? Please tell me there is plenty of opportunity to get paid doing actual planning work once I pass my cfp?

@DominiqueHendersonCFP

4 жыл бұрын

Here's your answer: kzread.info/dash/bejne/Y6umltSTpMKWgqg.html Thanks for watching!

@xchapix

4 жыл бұрын

In order to do financial planning work you need to bring in customers in order to do that work for. This requires prospecting which is what brings the sales aspect into financial planning. The only way around this is to work somewhere they provide you clients to work with but that means your income will capped to a salaried position. All the value and comp goes to those who are able to bring in business. Same thing applies to all professional fields.

@bjmcintyre5080

4 жыл бұрын

@@xchapix Makes sense!!

@DominiqueHendersonCFP

4 жыл бұрын

Very true!

I wish youd look me in the eye

@DominiqueHendersonCFP

2 жыл бұрын

I've gotten better at that :-)