They Only Want You For Your Friends and Family Business
Investment Counselor (Former Employee) – New York – July 21, 2015
You're much better off at a big brand B/D like Fidelity, Merrill Lynch, Scwab, Edward Jones, etc... most of these pay you a base salary and have a 3+ year training regime. You also have the benefit, particularly in the case of Merrill Lynch/Bank of America, of walk-in clients or existing clients looking to start or change their investment strategy. I'm not saying new clients will be throwing themselves at your feet, but I would imagine it has to be much better than this. When they're one farming you for your friends and family, they hand the accounts to their favorites and fire you for "lack of production."
Free licenses you can then take with you elsewhere, great training on what NOT to do.