Discover Training that Landed a Magazine Cover Story
At First Clearing, we believe the historic approach to firm growth isn’t enough in today’s environment. Instead of focusing on recruiting established professionals with sizable books of business, financial firms can experience meaningful growth by engaging up-and-coming FAs. With the average age of advisors at 53* and the pool of established professionals shrinking, now is the time to train and prepare the next generation of financial leaders.
To support our correspondent firms with relevant solutions for today’s economic environment, we now offer exclusive access to Wells Fargo Advisors’ New Advisor Training Program. This innovative tool for supplementing your hiring efforts or renewing your existing talent uses a high-touch approach to help trainees improve their financial and relationship competency. The results are so meaningful that On Wallstreet magazine profiled the program as their February 2011 cover story.
A Curriculum Designed for Developing High-Performing FAs
Licensing Phase
Unlicensed advisors who complete this phase have a 93 percent first-time pass rate on their Series 7 exam, compared to the industry average of 66 percent.
- 10-week training program
- Series 7 and 66 exam prep
- Computer-based training in the firm branch, with guidance provided by a home-office coach
Business Building Phase
New advisors who have completed the program average first-year production of $63,000 with $7.6 million assets under management.
- 7-week training program
- Focus on business development, as well as sales and prospecting
- On-site training for two weeks at the 250,000-square-foot Wells Fargo University in St. Louis
- In-depth exposure to core products and services through briefings by product experts
- Guided practice in cold calling, real-world networking assignments and sales presentation training
Note: Program available only to First Clearing correspondent firms.
*Source: onwallstreet, February 2011