Vantaggi
Unlimited income potential. Professional. High-Quality Training. ETHICAL! The client is always first, not "I sell what is best for my pocketbook" mentality, which is rare in this profession. I have been in the insurance industry for 20-years and this is the group I chose to work with for the rest of my career. This is one of the ONLY groups of its kind to take on part-time and/or inexperienced agents and offer unlimited training.
Svantaggi
Everyone starts out at a 25% commission level (instead of 100% which is attainable if you are fully licensed and experienced if you go independent)*. Commissions top out around 65% (plus overrides and bonuses). Despite this, I went to this firm because of the integrity of the agents and trainers AND because I can recruit agents with little or no training responsibility left to me (due to the system in general and the "mapping" system). Since I would rather have 1% of 100 people's efforts rather than only 100% of my own, I have signed up with this company and have never regretted it. *Commisions are split, based on the full amount of the commissions in this industry. If a full commission were to be $1000, a brand new agent in WealthWave would earn 25% (or $250) until being promoted to a higher compensation level. An independent agent outside of WealthWave at 100% can potentially earn the entire $1000 (100%). The problem for me was that I could never afford that pay cut to take time off of personal sales and train a new agent in other groups outside of WealthWave. Although I started @ 25% here, it has been MUCH EASIER for me to recruit, train and retain agents inWealthWave than it has been for me in others where a 100% commission was offered from the beginning.