Navigating a Challenging Work Situation
I’m seeking advice on a frustrating situation at my investment company. I’ve been in the industry for quite some time and have progressively worked my way up through various roles with different franchise advisors. Currently, I’m an Associate Advisor, focused on growing my network and building my own client base.
However, I’m facing some challenges with my boss. Whenever I ask if I can be the servicing advisor for clients I bring in, he insists that “all clients are everyone’s clients” and becomes visibly upset. Moreover, he frequently requests to call my prospective clients under the guise of introducing himself. I’m also asked to manage my prospects on an Excel spreadsheet instead of using the company’s software, which seems like a way for him to disconnect my efforts from my name.
Additionally, I was recently invited to join a prestigious networking group, but instead of supporting my participation, my boss has asked if he can take my spot. It’s clear to me that my boss is undermining my growth and opportunities, and I’m starting to feel trapped.
I have over a decade of experience and hold my CFP designation, and I believe I can successfully go out on my own within the company. However, I’m hesitant to approach others in the company for guidance, given that they’re friends with my boss. As a parent, I’m also concerned about financial stability and the need for a base salary. I’m really tired of feeling like my potential is being stifled by those in positions of power.
Any insights or advice on how to navigate this situation would be greatly appreciated!
One response
It sounds like you’re in a frustrating situation, and it’s clear you’re dedicated to building your own client base and career. Here are some options and considerations for moving forward:
Document Everything: Keep detailed records of your contributions, including prospects you’ve brought in, and any communications related to your work. This will help you if you need to provide evidence of your efforts later.
Explore Internal Options: While it may feel risky, consider having a candid conversation with someone in HR or a trusted mentor within the company, if you have one. They may offer insight or guidance on how to navigate your current situation or help you find a more supportive environment.
Consider a Transition Plan: If you decide to leave, create a transition plan that includes your financials, potential clients you can carry with you, and a timeline. Since you have experience and a CFP designation, you may have more options than you think.
Build Your Brand: Start creating your personal brand outside your current firm. Establish a presence on professional networking platforms, join industry groups, and consider speaking engagements or writing articles. This can help you gain visibility and credibility.
Look for Another Position: You might want to explore job openings at other firms that have a culture more conducive to your growth. There are firms that prioritize mentorship and support for associates looking to build their books.
Consider Going Independent: If you feel confident in your abilities, going independent could be a viable path. Research what it takes to start your own practice, including the costs and regulations, and weigh the pros and cons carefully.
Network Outside Your Current Circle: Engage with other professionals outside of your current office. Attend industry events, seminars, and workshops where you can meet potential mentors or partners who can support your career aspirations.
While making these decisions, remember to prioritize your financial stability, especially with your family’s needs in mind. Take time to think through your options carefully before making any major moves, and trust your instincts—you know your worth and capabilities.