Does anyone have any insight into the job satisfaction and future growth of SWA (Schwab Wealth Advisory)? There are so many job postings open around the country for advisors and managers. Is this a relatively safe division to work in at Schwab?
7 replies (most recent on top)
@593 Correct. WA is also the most likely customer facing role to be 100% AI. Reps would present materials.
Depends on your manager and team you are on. Avoid WAVE at all cost. 90% of WAVE enrollments are from FSB. They throw po-p against the wall and 25%+ will unenroll once they realize what SWA offers.
SWA Wealth Advisor 100% not a sales job. Your role is to create a financial plan, build portfolios and manage the relationship. Absolutely no sales. The FC/BDO sell. The client will come to you enrolled.
Contrary to what the other poster said, the Wealth Advisor role is not a sales job. They are salaried and eligible for a bonus. Bonus is driven by various metrics such as the percentage of clients you have that have a financial plan.
As far as safe, it is the one of the safer jobs in the company as Schwab has a goal to grow this offer as it is their internal advice offer. It is how they make money and compete on the wealth management front. The day SWA goes away is the day the company goes under.
I mean, it's a sales job. So as long as you make the required amount of sales then you should be good
Alex, name two things that don't exist in SWA.