I have been licensed (7 & 63) for 21 years and decided I was tired of making money for Big Corporate. I wanted to work for "me" and decide what clients I wanted to work with.
When Equitable Advisors contacted me, they sang me the song of how they would help me get my personal business off the ground. I did they whole PEP, contracted as "commission only" because I believed in their Mission Statement. The training is a big joke. You are assigned a manager who's compensation depends on the amount of business you bring in. Endless cold calling and if that's not happening you are in mandatory Zoom meetings listening to speeches from a bunch of higher ups bragging about their success and how they did it my making 500 calls a day for 2 years. They even make you come into the office just so they can watch you personally make the dials. It's not character building what so ever.
Your clients aren't actually your clients like they claim. You're not running your own business, Equitable is running you. When you leave, they force surrender of all of your clients and leave you starting again from the ground up. Then, 2 years later, they come after you for frivolous fees, that you never new existed and threaten your livelihood if you don't pay by having a collector send threatening letters & calls.
What a huge mistake, after I contracted I was left cold with a list of "dials" to make.
With a lot of effort (on my own) I managed to build up a modest book, just to have it all taken from me when I resigned 2 years later.
