Pros
The place is run like a frat house, it’s is not conducive to a professional environment but a “fun” one. Happy hours with your fellow disgruntled coworkers are the highlight.
Cons
Despite what you may hear during an interview, this is not a wealth management company but an insurance company. This is reflected by their constant trainings on insurance and annuity products. Managers get paid more when their associates sell insurance related products, specifically AXA’s, so they heavily push these products. They will have freshly graduated college students go door to door at public schools selling expensive, ineffective annuities to unsuspecting teachers. The only thing management cares about is bloating their numbers by hiring literally whoever will accept the position. They will preach unlimited income potential and tote the (maybe) one new advisor that does well, but in reality if you make ~$40k+ in your first couple years, you get praised for being a high performer and fast tracked to becoming a “Regional Vice President”, a completely hollow title. This is essentially a MLM scheme, and there is so much turnover here once employees realize what the position actually entails. Be very careful of who your manager is, most of them do not care about bettering their associate’s careers, only about maximizing their corporate numbers. They will be manipulative and try to lock your “natural market” to insurance related products with the intent of taking your clients when you inevitably leave. Please be careful of what you are getting into prior to accepting this position.
