Vantaggi
You get a ton of kickback for selling annuities and life insurance as opposed to traditional wealth management investments.
Svantaggi
I was recently asked by management to write a review on Glassdoor about my experience at Equitable due to the amount of negative feedback they were receiving. To my disappointment, instead of trying to rectify the prevalent issues, the management team was only focused on brushing the feedback under the rug to try to feed in as many new employees as possible. This proves to me that this organization is indeed just a pyramid scheme whose end goal is to take your clients when you inevitably leave. I have also come to find out that the management team receives significantly higher compensation for proprietary annuities and life insurance sold, which is why their trainings and everything they sell is focused around these. I wish I noticed these differences earlier in my career so I could have made a change. Instead I feel like I have wasted my time. Before you make the same mistake I have, please consider how you may be taken advantage of.