Commonsense
Miami,#2UPDATE Employee
Sat, August 08, 2009
you do make some good points. However, the financial services industry, including JP Morgan, New York Life, Met Life, Northwestern, Mass Mutual, etc. all have similar structures and "tier" compensation. Go ahead and go on some interviews for those companies and you will see. The difference is that you would have to wait to be a broker and get the overrides, which is where the big money is. If you are looking for a "job" then WFG, Northwester, met life, ameripris, and so on ..basically the financial services industry is not for you. There are very few companies that offer a salary. The majority of companies pay you a strict commission or a draw. A draw is a loan that the company gives you until you make a commission, then they take the money back out of your pay. Also, you mentioned liability. Well, that means you have control over your business and better know what your doing. All companies have something called E and O insurance which protects the agents. WFG has that as well. go ask all successful people in financial services and see how they made their money. They will say they recruited agents and got overrides. Im not talking about a basic $100k plus income. Im talking $500 or abouve. The thing is, when the word recruiting comes up, people think MLM, then MLM is viewed as BS. WFG is not a juice company, or a phone company or anything like that. You have to know what your doing! It is not for everyone, so people that don't fit within the company should not bad mouth the company for not understanding it. The industry may not be for them. Yes, it is an interview because they don't work with everybody. Granted, that if they pass the background check they will get the coded book of business, that doesnt mean that they will be mentored and trained if they are lazy and have no work ethic. Before i went on any interview, i knew more about the companies and the industry than the interviewer did. And no matter what i found, i still went to make sure that i fully understood, and then made a decision from my own conclusions. Years ago, I also interview with a radio station, Clear Channel. The position required you to be on 100% commission, drive your car and use your gas to go meet clients and accounts (without reimbursement or compensation), maxing out about $115k a year. No residual. No override. Just a commission for keeping an account. WFG sounds a lot better to me. I dont know of any MLM that requires a background check, state and government licensing, and the seriousness of the products. A 65 year old mans retirement is in your hands. Who cares about juice! Compare apples to apples
Commonsense
Miami,#3UPDATE Employee
Sat, August 08, 2009
you do make some good points. However, the financial services industry, including JP Morgan, New York Life, Met Life, Northwestern, Mass Mutual, etc. all have similar structures and "tier" compensation. Go ahead and go on some interviews for those companies and you will see. The difference is that you would have to wait to be a broker and get the overrides, which is where the big money is. If you are looking for a "job" then WFG, Northwester, met life, ameripris, and so on ..basically the financial services industry is not for you. There are very few companies that offer a salary. The majority of companies pay you a strict commission or a draw. A draw is a loan that the company gives you until you make a commission, then they take the money back out of your pay. Also, you mentioned liability. Well, that means you have control over your business and better know what your doing. All companies have something called E and O insurance which protects the agents. WFG has that as well. go ask all successful people in financial services and see how they made their money. They will say they recruited agents and got overrides. Im not talking about a basic $100k plus income. Im talking $500 or abouve. The thing is, when the word recruiting comes up, people think MLM, then MLM is viewed as BS. WFG is not a juice company, or a phone company or anything like that. You have to know what your doing! It is not for everyone, so people that don't fit within the company should not bad mouth the company for not understanding it. The industry may not be for them. Yes, it is an interview because they don't work with everybody. Granted, that if they pass the background check they will get the coded book of business, that doesnt mean that they will be mentored and trained if they are lazy and have no work ethic. Before i went on any interview, i knew more about the companies and the industry than the interviewer did. And no matter what i found, i still went to make sure that i fully understood, and then made a decision from my own conclusions. Years ago, I also interview with a radio station, Clear Channel. The position required you to be on 100% commission, drive your car and use your gas to go meet clients and accounts (without reimbursement or compensation), maxing out about $115k a year. No residual. No override. Just a commission for keeping an account. WFG sounds a lot better to me. I dont know of any MLM that requires a background check, state and government licensing, and the seriousness of the products. A 65 year old mans retirement is in your hands. Who cares about juice! Compare apples to apples
Commonsense
Miami,#4UPDATE Employee
Sat, August 08, 2009
you do make some good points. However, the financial services industry, including JP Morgan, New York Life, Met Life, Northwestern, Mass Mutual, etc. all have similar structures and "tier" compensation. Go ahead and go on some interviews for those companies and you will see. The difference is that you would have to wait to be a broker and get the overrides, which is where the big money is. If you are looking for a "job" then WFG, Northwester, met life, ameripris, and so on ..basically the financial services industry is not for you. There are very few companies that offer a salary. The majority of companies pay you a strict commission or a draw. A draw is a loan that the company gives you until you make a commission, then they take the money back out of your pay. Also, you mentioned liability. Well, that means you have control over your business and better know what your doing. All companies have something called E and O insurance which protects the agents. WFG has that as well. go ask all successful people in financial services and see how they made their money. They will say they recruited agents and got overrides. Im not talking about a basic $100k plus income. Im talking $500 or abouve. The thing is, when the word recruiting comes up, people think MLM, then MLM is viewed as BS. WFG is not a juice company, or a phone company or anything like that. You have to know what your doing! It is not for everyone, so people that don't fit within the company should not bad mouth the company for not understanding it. The industry may not be for them. Yes, it is an interview because they don't work with everybody. Granted, that if they pass the background check they will get the coded book of business, that doesnt mean that they will be mentored and trained if they are lazy and have no work ethic. Before i went on any interview, i knew more about the companies and the industry than the interviewer did. And no matter what i found, i still went to make sure that i fully understood, and then made a decision from my own conclusions. Years ago, I also interview with a radio station, Clear Channel. The position required you to be on 100% commission, drive your car and use your gas to go meet clients and accounts (without reimbursement or compensation), maxing out about $115k a year. No residual. No override. Just a commission for keeping an account. WFG sounds a lot better to me. I dont know of any MLM that requires a background check, state and government licensing, and the seriousness of the products. A 65 year old mans retirement is in your hands. Who cares about juice! Compare apples to apples
Commonsense
Miami,#5UPDATE Employee
Sat, August 08, 2009
you do make some good points. However, the financial services industry, including JP Morgan, New York Life, Met Life, Northwestern, Mass Mutual, etc. all have similar structures and "tier" compensation. Go ahead and go on some interviews for those companies and you will see. The difference is that you would have to wait to be a broker and get the overrides, which is where the big money is. If you are looking for a "job" then WFG, Northwester, met life, ameripris, and so on ..basically the financial services industry is not for you. There are very few companies that offer a salary. The majority of companies pay you a strict commission or a draw. A draw is a loan that the company gives you until you make a commission, then they take the money back out of your pay. Also, you mentioned liability. Well, that means you have control over your business and better know what your doing. All companies have something called E and O insurance which protects the agents. WFG has that as well. go ask all successful people in financial services and see how they made their money. They will say they recruited agents and got overrides. Im not talking about a basic $100k plus income. Im talking $500 or abouve. The thing is, when the word recruiting comes up, people think MLM, then MLM is viewed as BS. WFG is not a juice company, or a phone company or anything like that. You have to know what your doing! It is not for everyone, so people that don't fit within the company should not bad mouth the company for not understanding it. The industry may not be for them. Yes, it is an interview because they don't work with everybody. Granted, that if they pass the background check they will get the coded book of business, that doesnt mean that they will be mentored and trained if they are lazy and have no work ethic. Before i went on any interview, i knew more about the companies and the industry than the interviewer did. And no matter what i found, i still went to make sure that i fully understood, and then made a decision from my own conclusions. Years ago, I also interview with a radio station, Clear Channel. The position required you to be on 100% commission, drive your car and use your gas to go meet clients and accounts (without reimbursement or compensation), maxing out about $115k a year. No residual. No override. Just a commission for keeping an account. WFG sounds a lot better to me. I dont know of any MLM that requires a background check, state and government licensing, and the seriousness of the products. A 65 year old mans retirement is in your hands. Who cares about juice! Compare apples to apples