Question by chris s: Which is the best firm to start out as a CFP?
Would it be with an independent company or a Edward Jones, John Hancock, or Merrill? I have no previous experience but am taking the CFP exam soon.
I am currently taking the prep classes. I have a Master’s in Finance and it’s something I’ve always been interested in doing.
Answer by Sue
Have you read the work experience portion of the CFP requirements? This is a huge endeavor for having no experience, it’s one of the hardest certifications in the financial world. Where did you get the idea to take this particular exam?
**Edit: A masters in finance and you want to go into wealth management? Why not portfolio management? That’s where the real money is. However, if you really want to go to wealth management, the best starting point would be a place like Merrill that has a strong history and name behind it. John Thain’s interview in the journal this morning emphasized that Merrill will be “going back to basics” which for them is their wealth and asset management divisions. Once you have a bulge bracket bank name on your resume, investors will be more inclined to trust you with their money. Good luck.
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