Maximum age for stock broker trainees?

I inherited an Edward Jones account. When I went in to discuss it, I felt kind of sorry for the guy. After him giving me a 30 minute sales pitch, I thanked him, left and transferred the assets to my fidelity and vanguard accounts. In fact, he had done a good and honest job managing my mom's account, but I didn't want the complication. Later when I collected a tax document from him, he said he knew the moment he met me that he was losing that account.

There is a place for people like him. My mom had zero ability and interest in managing money when my dad died and I was too busy. I think if you go into that line of work as an older person, you should approach it as if you will be providing a valuable service to people like my mom. I have no clue how one obtains clients like her, but maybe they just walk in the door and the job is to retain them. That doesn't sound hard and it is a worthwhile service.

Ghost of Igloi wrote:

BlimeyMate wrote:

You are out of touch OP.

Very few people use stock brokers now because they can trade on their own through that there Interweb or through an investment house such as Vanguard or Fidelity.

This type of thinking is one characteristic of the third equity bubble in the past eighteen years.

Are you saying that a broker would warn you ahead of s self off? If so, you're dead wrong.

A broker never says sell and go to cash. They put their sales commission first, not the client.

You think Barney Madoff ever sold and returned money to his investors?

I don't think that there is a maximum age.

There surely isn't a maximum age for brokers. If a broker works perfectly then no one will dismiss him. I, for example, use https://fbs.com/trading/specs/forex fbs trading, and I am sure that brokers which are working there aren't all 20-30 years old only there must be also people who are older, and who surely know how to work better than the guys who have 20 years old and don't have any experience. The age isn't important, the most important in a broker's work is to good analyze the shares market, and to be able to estimate the company. I will better base on an old person with experience than on a 20 years old person who doesn't know what he or she is doing. This is only my opinion, you can think another way.

Facing a possible job change wrote:

Anyone in the business: can you get a job at Fidelity or Edwards or merrill lynch after age 45?

I know someone who did that. He was an "intern" who lived off of just comissions. After one year, he, and all the others that started around the same time, got canned. Its a scam.

A year later, he hung himself in his garage at 3 in the morning.