Executive Trade Associates AKA Parker & Associates LLC Ripoff Marketing... These people prevent Agents from earning a living Brick, New Jersey
WARNING! Insurance Agents!!!!! Steer clear of brokering medicare advantage & health insurance products thru Executive Trade Associates also known as Parker & Associates LLC.
They advertise for agents everywhere! They promise to schedule 5-6 appointments a day for you. What they don't tell you is that they will take 2/3 of the commission (approx $200) for a terrible $20 lead. Do yourself a big favor and schedule your own appointments and save a boat load of money.
I obtained a license to sell Medicare Advantage products for Secure Horizons thru them in November. Once I found out (3 days later) that they wanted to keep two thirds of the commission and pay me only one third I discontinued doing business with them without ever placing a piece of business thru them.
We had an "at will" contract...either party could cancel the contract at any time.
They have refused to sign a FMO release form. (former Managing Organization form)
This has prevented me from selling any Medicare advantage plans. I have been prevented from earning a living because of their spite.
Deal these crooks and you'll have to wait 6 months to get released and know that their hands will be deep in your pockets.
Jwh
coolville, Ohio
U.S.A.
1 Updates & Rebuttals
Smuller1898
Brick,New Jersey,
U.S.A.
A Response to your complaint
#2UPDATE Employee
Tue, March 24, 2009
My name is Stephen Muller and I am the Vice President of Operations for Executive Trade Associates. Allow me to start off by saying that if the employee in question was upset in some way and they had complained openly to our company we would have done something to make it right. The truth is, in our six years of business and hundreds of employees, we have had only 3 problems with agents who have tried our system and failed. To address the person who filed this report, how is it possible to tell what value we add to the insurance business without trying our system? If you never went out on an appointment that we set, how would you know whether we rip agents off or whether we make it possible for agents to have steady income in an unsteady industry? The truth is we advance our agents at our own financial risk. We set good, qualified appointments on our dollar, and we are a company that prides ourselves on helping people succeed. We would have a tough time still doing business 6 years later if most agents felt the way this person feels. We have never taken 2/3 of any agent's commission and on the contrary have lost money on many agents who we work hard for and then quit before they are in the field producing anything. Our policy has been to not grant releases for agents. The reason for this is we put an awful lot of time in training and contracting the person for the business we do. We give our system to the person. Then to have a person leave and take our ideas and business practices with them to another company becomes a great loss to us.
The insurance business is a tough one. There are ups and downs and people do get burned by bad companies. I can only speak for the company that I helped to found when I say we have never taken advantage of an agent or a client. Our business has been a strong force in the insurance marketing industry because we help people succeed. I feel sorry for this person because they never gave it a chance. If they had, I'm sure they would have seen success as most of our agents do.