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Vault Message Board: Charles Schwab

Topic Name: Income at Sch for FCs
Message Name: Chose a diff company to place your bet on
Date Posted: 02/26/2006
In Reply To: i can live with it. I'm just trying to get as much info as i can to make an educated decision. Trust me i'm fully committed, i just want to make sure that i get the support i need once i go ahead with my decision.
Message: Doing your due diligence is impressive. However, no matter how many different answers you receive on this board there is one thing true of life and certainly of schw - uncertaintity. The brokers might be making $100k - $200k right now, but they were all making peanuts 3+ years ago. While schw has bettered the comp plan, schw truly looks after itself. From continual layoffs to constant comp changes. I know of no other financial services firm that makes such drastic changes with such frequency. schw is in a competitive industry and the industry is ever changing. Go to a wirehouse or RIA to cut your teeth and think of yourself as self-employed. You could be out of a job in weeks after your hire at schw.

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