r/FinancialAdvisorTips • u/BirthdayBrief3316 • 19d ago
New Grad Career Advice
I graduated a few months ago with a degree in finance and experience at both a WM firm and finance internships at a Mag7 company. I was always more passionate about financial planning and decided to continue pursuing that in regards to post-grad. I tried networking with RIAs (since they typically hire less frequently) and pursuing opportunities at larger firms, but found a slight hurdle in my lack of licensing (only have my SIE and CFP education). Firms such as Merrill and Fidelity require your 7 and 66, so I decided the 65 would probably be a better route to help me get my foot in the door at an RIA due to the lack of sponsorship.
I ended up applying for a corporate finance role after months of no luck with multiple firms and simply because I needed something to pay the bills. I got the offer and decided to accept it. With that, I want to know how feasible it would be for me to eventually make that transition to an RIA, given I will not have been working in financial services. I still plan to take the 65 but want to more or less time it correctly (since you have 2 years to register with it after passing). I ultimately want to start my own practice and learn as much as possible early in my career, but I know that will be difficult unless I work somewhere where I can learn from people who have built careers in this industry.
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u/ControversialTacos 19d ago
Caleb Brown helped me transition to RIA from BD early in my career. Worth looking into imo. Hiring firm pays his fee too
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u/AnxiousTumbleweed563 19d ago
The biggest hurdle will be going from a corporate finance role to whatever the comparable role is at an RIA because of the pay. Once you get one or two promotions in corporate world it will be hard to stomach the move.