Think Twice before becoming a Financial Adviser with them
Pros
They provide good training to pass series 7 and 66
Cons
It is strictly a sales position and you only get 38% of the overall commission, which is not very high. The rest supports a bunch of people in Saint Louis that does very little to help you make it. They make treats to fire you if you do not produce the magic numbers and they do carry them out. . They have a well managed public image and internet presence, which hides the true nature of the job. They make outsiders believe that it is heaven on earth with all the accolades that they claim, but as a financial adviser, you'll find them meaningless and useless because at the end of the day, they do not help you gather more business.. Expensive health insurance, which is hard to afford if you are new and you do not have an established book of business. They hire lots of people and truly they do not care who makes it. It is a number's game for them. My initial class had 46 people and only tree were left when I parted ways with the company. That's something to think about and you should consider other options or career choices. There is a very small chance of making it. The more senior regional employees have an incentive in your failure because they inherit accounts and can grow their book of business. Therefore, they provide ill fated advice and support. They do not provide the best investment advice. For example, they kept recommending big name banks such as City and Bank of America throughout the financial debacle. This sort of stuff can ruin your personal reputation and morale.