Vantaggi
I have been in the financial industry for 7 years. From banks to tied agency to FA firms. Legacy FA is the 2nd FA firm I'm in. So I believe my advise would be more beneficial and relevant. Trainings are good. Though slightly outdated but better than the banks and a few firms I have been in. Interesting call centre where they hired visually impaired persons to call for them. Brilliant idea as it gives jobs to the less fortunate and a good way to keep telemarketers. Company (not employees or agents) is definitely sustainable for long as they will make a lot money from the commissions of those agents that left. (Half of company strength, 80% of top producers) That's about the pros of the company. The rest are just standard throughout the financial industry.
Svantaggi
Ugly politics. One of the worse politics I have seen in my 7 years of experience. Biased management. It happens everywhere but this place is also one of the worse I have seen.. And I thought bank would be worse... Looks like I'm wrong. Lacks support to move to management. Directors in the company makes a lot of money from agents. Therefore you are always obstructed to move up as its a disadvantage to directors. Unless of course as mentioned, you backstab your colleagues or bosses and get deep into politics with them. Little talents left in the company. Half of the company has left.. That consist of a good 80% of the top producers. Those who stayed on are either stuck with liabilities with the insurer supporting legacy fa or just boot lickers of the management. There are also a handful of Non producers stuck too. There must be a good reason for agents to leave legacy fa. (Bear in mind you lose all the commissions and flow over of commission that you made last year and few years ago when you leave) the simple reason is the company is slowing down and with the ceo and team focused heavily on kicking out talents (with no idea why) One of the lowest producing FA Firms I have seen. You can count the number of MDRTs with one hand. CEO is nice to the visually impaired telemarketers (I think everyone should be) however he shouts not only at other staffs in front of everyone, but also disrespect business development managers from the insurer in front of everyone. Can you imagine the support you will be receiving from the insurer in future if you scold the managers from the insurer? That's probably the reason why insurers don't really support this company.. Many non producing agents left. Reason is training is quite outdated. Not focusing on building relationships with clients or prospects. Management too focused on recruitment than good relevant Trainings.