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Vault Message Board: UBS Financial Services and UBS Global Asset Management

Topic Name: Sucess for New FA
Message Name: re:
Date Posted: 12/24/2005
In Reply To: It's totally possible, but the odds are against you. Your key to success will be a very, very thick skin, and your ability to hone a few niche product pitches. It's unfortunate to have to start a career being a commodity salesman, but the fact of the matter is that there are certain products that high net-worth people/institutions buy. You may wish to learn a lot about munis for HNW individuals and ARCS/APS for cash-management situations. What you have on the plus side is that UBS is the undisputed king of munis, so you will have access to better offerings than folks starting elsewhere.
Message: If you dont already have contacts how do you find clients? About what is the salary for new FAs? How easy or hard is it to make a lot (Like over 100k) off the commissions?

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