'beabroker'

[mirons]

'beabroker' - Does anyone have any knowledge or experience with this company, the way it works is you pay them, do your exams, and they find you a job. Would prefer to hear from people who have some proper info about them rather than people speculating about how legit they might be.

 

[Skill Leverage]

'your si and your sii'? It's SII, and it's not Roman numerals.

Step into my office - you're f*(king fired.

 

[Technically Fundamental]

They don't look very kosher to me.

 

[mirons]

i've edited my post, stupid error

 

[Skill Leverage]

Easily done. I have no personal experience with them, but it would appear that you're paying them to do something you can very easily do yourself.

 

[mirons]

i know that you can pay to do the exams yourself for much cheaper, but the key thing with them is that they get you a job.

Obviously as with any job, if you're no good then you're going to be shown the door, but my reasoning is that just the fact that you are given the opportunity to prove yourself might mean it is worth the price.

From what I gather with a small firm that i would be placed with I might be cold calling for a while, but isnt this normal? How many openings are there out there for trainee brokers who have the exams done?

 

[Technically Fundamental]

Why don't you just write direct to a million firms?

 

[mirons]

Any idea where I would find a list of them all?

Do most people start off cold calling? And if so for how long

 

[Technically Fundamental]

Are you being serious? Try a yellow pages or something or a business directory service ffs:-S

I don't know what they do I'm an accountant. I'd assume you'd start off cold calling.

 

[marcusant]

When i was working at a small cap brokerage, the new guys would chase leads trying to open accounts all day. Then the brokers who opened the most accounts would get promoted to 'closing' deals, this was where the money was made.

Its was similar to a pyramid structure as all the new brokers would be competing for the single senior posistion, many of the brokers didnt make any decent money.

To get around cold calling they would buy shareholders details of the LSE or AIM and then send a coupon to them offering a free research report for their holding. On the back it would say by signing this you give us permission to contact you.

Hope this helps

 

[majicka]

I've seen this outfit's ads on job boards. They will help you pass the SII Certificate for an exorbitant fee, then place you with a broker which will be essentially a boiler room, paying you £15,000 basic.

The small cap brokerages are full of spotty spivs barely out nappies who all think they are 'Masters of the Universe' and whilst they earn good money for people with such low IQs, they have no idea that they are in fact the laughing stock of the City and are not 'real stockbrokers' at all.

They will also all be screwed when the FSA requires level 4 qualifications to advise clients in the next couple of years, as none of them are very bright and will no-doubt struggle with any exam that is not multiple choice.

Stay away from these clowns.