Pros
- Very flexible schedule: you pretty much choose your hours. - Unlimited vacation: the only caveat is that you work on commission, so if you don't work, you don't make anything. - The ability to sell insurance and brokerage products from pretty much any major company
Cons
- Management is way out of touch. They expect 25-26 year olds who have been in the business all of 3-4 years to be able to lead a team of new advisors effectively. It just doesn't work. - Extremely high turnover: you see advisors leaving for other companies on what seems like a monthly basis. - Not very competitive pay. There is a "salary" but it's only $24,000 and that is dwindled after paying for pretty much every thing you have to use to be successful at the job. Expect closer to $14-15,000 after taxes and expenses. Obviously there is commission, but at a reduced rate - You're told you can do anything at all in this job, but then once you're hired you're pushed into selling one or two products (mostly insurance and some annuity) because that's what the company needs to hit its benchmarks. - The company pays for NOTHING. You have to purchase your own computer that has to meet their specs (ends up being well over $1,000) and place outdated and clunky hardware on it that rarely works. On top of that, any additional services you want to be able to use are charged to you and can end up costing more than it will bring you in.