Pros
Paid to be licensed (although at 70% of last two years' total W2).
Cons
Zero field support if not placed in an office with an experienced advisor. Door to door prospecting is a necessary evil. No client should be exposed to a Guided Solutions Fund that is managed by an inexperienced advisor. Yes they may be licensed, but would you trust your financial future with someone who is just out of college, a stay at home mom/dad, and had never done this kind of work before? Prospective clients need to ask new advisors how they have accumulated their own wealth. It's like selecting a junk bond - you might get lucky, but the odds are stacked heavily against you (cryptocurrency). In the beginning, EJ is trying to quickly recoup their training pay, and the strategy is to sell CDs or find old 401K's and IRAs that have been sitting dormant so the assets can be held and owned by EJ. This is not how you look at someone's financial future. The pillars/building blocks are to establish an emergency fund/liquid reserves, protect income/life, then look at assets and eventually on to estate planning. New advisors basically have to skip the first two pillars, supporting a client "spending money" versus "organizing money" strategy.