Good training but unsustainable income - Recensione dipendente - Financial Consultant presso Legacy FA

1,0
4 mar 2019
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

-There are trainings every week to ensure adequate knowledge. - Call centre training is ok - Managers are friendly and approachable - Flexible timing

Svantaggi

- Low banding of commission - Allowance scheme only based on one company’s products and only the non-par plans are taken into consideration 100%, par-plan only takes in 10% for production. - Payroll updates are slow, inefficient assistance after leaving the company. - Mainly relies on cold-calling which can be quite unsustainable in the first few months (so be prepared for no allowance). - Roadshows are on the extremely high side for the industry given the location is not fantastic. - A lot of paperwork to be done and can be extremely troublesome unlike in tied agency. - CEO can be manipulative

Esplora altre recensioni su Legacy FA

1,0
9 dic 2025
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

No need to pay rental for office cubicle

Svantaggi

Many claw back if you never read contract

1,0
27 mar 2025
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Flexibility as an advisor to pursue the types of clients you want.

Svantaggi

In my opinion, these are the following: Compliance is a headache. Admin staff are poorly trained and often ask stupid questions. Management is stuck in the past and practices a churning turnover culture. They will fire you once you have exhausted your warm contacts. They will force certain products down advisors' throats and in turn expects it to be forced onto clients. When you are no longer able to generate revenue, you will be "forced" to go. Politics here is more colorful than a circus clown. CEO loves to use scare and intimidation tactics and doesn't know how to speak like a human being. Like Donald Trump says, this CEO lacked common sense. He would resort to screaming and raising his voice to get his way. Highly unprofessional human being. There is nothing much to learn besides selling. A waste of time company if you are looking for longevity. Like the late Warren Buffet says, rat poison squared. If you value your time and life and have a book of clients, you might want to consider somewhere else. This company is a one trick pony. Commission structure is also average.

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