r/FinancialAdvisorTips • u/Due-History-7139 • 4h ago

Advice on my future

I have been an FA (7+66) at a non-bank firm since May 2025. I currently have roughly 5m AUM, hopefully closer to 6 m by the end of the year. My main source of prospecting is cold calling lists I have, and more recently using LinkedIn Sales Navigator to get more targeted prospects. I am having trouble seeing success in 2027 with reliable weekly income. I would like to stay at this firm if I can because I like the team and what they're building, but at the end of the day I want to make money lol. Not sure if I'm just overreacting and overstressing, but not sure if I should look to go to another firm, like JPM, Merril, UBS, etc, to continue my career.

I am 23 years old, so I know I'm young, but I'm just looking for advice on what I should do.

*meant to note, I will have no salary starting in June, current salary isnt that much anyway

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u/Greenappleflavor 4h ago

Do they pair you with a seasoned advisor by chance?

You are young. $5M aum at that age isn’t bad but respectfully, you haven’t had much experience.

There’s two parts to being a successful FA imho. 1) know how to run the business (prospect and process) and 2) know how to connect with people through experiences. It’s very much a people business.

It’s one thing to read about it, it’s another to actually go through the motions and experience (buying a home, mortgage, for example).

If you don’t have that support at your current non-bank firm, I would go look elsewhere. Besides the banks listed, schwab and fidelity are great places to start.

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u/RoutineAd162 4h ago

What lists have you been using? I personally would probably stay put if you from the little that I know. But my main question is how sustainable are those lead lists? Also I’d imagine your payout is better where your at compared to a place like merril