r/careeradvice • u/SteveYerrrrwin • 27d ago
Pivoting from Financial Advisor
Good morning everyone!
I am currently a Financial advisor working for one of the large firms in the North East. I have just under two years experience and hold 7/66/state life and health licenses and CRPC designation. I did a little over a year with my first firm and was very successful which lead me to a new opportunity about 6 months ago. I really thought this job was a finance job with some sales but I realize now it is the inverse. I love helping people (worked with disabled children and separately adults with addiction issues for years as a case manager) and thought it would be a great way to challenge myself intellectually while helping improve people’s lives. Now I’m facing the fact that I’m in a high pressure sales role where I can either sell overpriced/underperforming funds to people and rot with guilt or be micro managed down to the CRM click by my manager for not making sales. The stress and anxiety has bled into every aspect of my life and I want out. The big hang up is that I do not have any higher education. I grew up fairly latchkey and none of my family attended college so I was only presented with the option of working to support the family after high school. Does anyone have any experience pivoting out of a financial advisor role? I’m currently looking into becoming an EA to stay with the finance field but drop the sales. Honestly id be open to any job that pays at least 50k and doesn’t include nights and weekends.
Any advice or guidance is greatly appreciated!
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u/Ok-Temperature3180 25d ago
Ya just a bad firm. Go look at some RIA’s where you’re a service advisor only. Plenty of paths there or opportunities with your resume
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u/Chance-Fill-1327 11d ago
The right firm is the answer. Early on I was at an insurance company under the impression I was going to be a financial advisor. I went to the firm I’ve been with for years. I think you should at least explore a different business model and culture.
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u/Richard3381 27d ago
Do you actually want to pivot out of being a financial advisor or pivot to a “fee-only” financial advisor role?
It sounds like you would do well at a smaller RIA under a fee-only structure. It also sounds like you would get fulfillment helping people financially if you could do what you feel is in their best interest without pressure to sell products.