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german
Oct 2nd, 2008, 10:01 PM
Anyone work in Bank as a Financial advsor? Do they have quote for sales? Do they need to find customer by themself?
I work in a insurance agency now..... I really like to help client to find their needs and sale product to them, but what I dont like is I have to find customer myself, I hate to calling my friend and ask for refferal. Sometime the mamager push us to sell some high commission product...... That's really not a Financial advisor.
I am wondering if it is the same situation in the Bank?
lucky5000
Oct 3rd, 2008, 01:39 AM
Anyone work in Bank as a Financial advsor? Do they have quote for sales? Do they need to find customer by themself?
I work in a insurance agency now..... I really like to help client to find their needs and sale product to them, but what I dont like is I have to find customer myself, I hate to calling my friend and ask for refferal. Sometime the mamager push us to sell some high commission product...... That's really not a Financial advisor.
I am wondering if it is the same situation in the Bank?

some of my friends, they started as personal finance advisor.. and they have to meet the targets.. otherwise it will affect their performance evaluation
german
Oct 3rd, 2008, 10:09 PM
no banker here?
UrbanPoet
Oct 3rd, 2008, 10:52 PM
yes. You have to meet sales targets by selling people that are referred to you, and cold calling (sort of). You only call clients that are clients of the bank.
monty613
Oct 3rd, 2008, 11:15 PM
Sometime the mamager push us to sell some high commission product...... That's really not a Financial advisor.


i lol'd
marlendi
Oct 4th, 2008, 01:02 PM
Financial Advisor = Sales Person. You better get use to it. You can give the best advise, but if you don't sell - you won't last long. It does not matter if you work for a bank or a brokerage (on commission).
Grant you , it is a lot easier by working for a bank especially if you are just starting out, but you still have to push the products of your bank. The advantage is that people are comming to see you (especially for credit) and then once you gain credibility and if you are not trying TOO HARD to sell (people can smell desperation) you can advise and cross sell. You have to give them some value.

The banks are a great place to gain some experience and once you have some loyal clients and get to know some Centres of Influence you can branch out for the big bucks.

Good Luck !
german
Oct 5th, 2008, 09:15 PM
that's some thoughts, thanks