Vantaggi
- You’ll get very good at cold calls, living on very little money, giving product presentations, and parking in tiny stalls - More initial support for new hires than many other insurance sales companies
Svantaggi
- They’ll tell you you’ll make $100k+ a year, but you find out later that less than 5% make it past the first four years. You’ll eat dirt for those four years before you can even afford instant noodles, let alone rent. Be prepared to have your gf walk out on you when you have to move back in with your parents - Home office turns a blind eye to sexual harassment if the perp makes them enough money; they’ll just give you the number for their internal therapist and forbid you from talking about it to save their reputation (they’ll also take about two months just to address your concerns) - Never seen a company this prominent be so disorganized. They will lose your client’s checks, put client monies into other clients’ accounts, lose forms, etc., and of course it ends up being your problem not theirs. Don’t bother complaining to upper management either, they’ll just lose that too - There isn’t much training beyond the initial phase. The only way to learn how to do your job is to give experienced agents a cut of your business. - People don’t really know much about financial planning or their products, or anything really (yup, even the experienced agent that you just gave 50% of your parents 401k rollover to). Nobody acts in your best interest. If you want to be in the financial industry, join an RIA firm. - You’ll soon learn that “Financial Advisor” is synonymous with “Salesperson without a college degree” and that the CFP was created by the insurance industry to justify selling life insurance. If you need a pretend job to get your parents off your back, this is the one for you! - They’ll promise you refunds for things such as CFP classes, then change the rules after your requests were already approved. On that note, they’ll also “forget” to pay out bonuses such as recruiting bonuses, then tell you that you no longer qualify for them - After a while you end up seeing people as dollar signs and forget social interaction is for anything other than selling people stuff they don’t really need. Your friends and family might stop answering your calls a few months in