High degree of stress that is not reflected in compensation
Pros
-Supportive BOA Community -Flexibility in booking time off
Cons
If you want to do the job to the degree expected by the firm it is incredibly overwhelming and quite frankly, impossible for one person to manage effectively unless your advisor has a small book or just starting out. It’s not a “hard” job, but you’ll be climbing sand hills to get everything done in the work day and it can be very stressful; you are dealing with peoples money, there is a lot of pressure and it’s absolutely nauseating whenever problems arise - it is also a highly regulated industry and fear of making any mistakes is very real. The BOA role is very undervalued and appreciated despite the fact they’re the ones doing a lot of the heavy lifting when it comes to managing client relationships and accounts. The training does not adequately prepare you or even encompass the role & expectations, and you are forced to learn many things the hard way. Benefits and pay are lacking If you want a job you don’t take home with you, this is not it, work stress is almost 24/7 and if you end up working for a crappy FA (there are A LOT of them) you will be miserable.