employees churn and burn - Recensione dipendente - Financial Consultant presso Equitable Advisors

2,0
16 set 2016
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

I had a great manager that really took his time to teach me everything he could. He was by far the best part of the job. His name was Marc and I can't stress how great of a guy he was.

Svantaggi

Each division operates under its own manager and its own way of doing things. The head of the office was an old school Life insurance guy and thats eventually how he wanted the office to be run. The company first said that Salary and bonus or commission and bonus were options. After I go hired they then told me that Salary and bonus really didn't exist. To make a long story short. They will hire you and you pay to take your exams, then they will want you to sell to your family and friends, you will pay all expenses, phone, computer, etc. then if you don't hit your quota they will let you go. It doesn't matter to them because they don't have any skin in the game. If you do sell a life policy you get 55% of the first years premium however i had to get leads from older employees so I then did all the work and had to give them 1/2 of the 55% - Don't work for them you can have a happier life do something else.

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5,0
2 apr 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Compensation structure, product availability, brokerage system, overall tools, open structure to do best for your clients

Svantaggi

Support staff are more hands off, not a lot of in house support staff members.

1,0
26 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Complete freedom to build your book of business anmd schedule.

Svantaggi

Horrendous place to start. Managers run their own practice and have little to no time to actually help you outside of your joint meetings so you're on your own. They only give you 2 options to get clients, cold calling or their retirement benefits group through schools. Basically the whole advising piece is to just to sell life insurance and annuities. The support staff is thin so you're kind of on your own with paperwork and compliance docs. They just genuinely offer you nothing. No help with covering costs (you pay for all your licensing and marketing materials), they even charge you for using the company laptop and fees for programs you will never use. They will mislead you about the commission payouts and you only really get something if you get them to buy an annuity or life insurance. If you also have a remaining balance of any fees when you leave, they will literally sending you threatening letters demanding the money and threaten you with claims court if you don't pay it back.

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