MLM structure leads to poor work environment - Sales Champion Lemnis Capital Employee Review

Wow. Night and day difference after partnering with Charles Schwab and leaving their previous relationship. The people there are resentful if you look at the recent negative reviews this month. To be honest, I’d be upset too if all of my clients followed the CEO so I don’t blame them. Training was just ok but seems to have taken a huge step in the right direction since the transition. Career pathing is awesome and they have plans to expand into multiple markets by the end of next year which takes things to another level too. They even pay for leads to help supplement building our book and we can use AI now!!

Don’t come here if you are negative or lazy.

They recently left a large corrupt company to go independent and I noticed a lot of reviews this month specifically trying to tank their ratings shortly after they left. I think most people can put two and two together which in my opinion, highlights many of the reasons why the CEO ultimately made the decision to leave but thank goodness they left and went independent. They left so they could offer better compensation structures (yes, they have a base option), increased payouts, more stability to Advisors, offer better products for clients, and are no longer held captive. They now have multiple companies that allow Advisors to have additional ways to help clients and give new leads to Advisors which is nice. The CEO is a genuine guy who invests a lot of time leading trainings himself to make sure you are successful.

Being a Financial Advisor at any company requires a lot of hard work early. Be careful not to join big insurance companies or companies who only sell annuities. Many companies will also make you pay a bunch of money in expenses after a few years (Lemnis does not) so make sure you ask blunt questions.