I Investment Advisor Representative (Current Employee) – Torrance, CA – May 17, 2016
I would have done better had I been more connected to the community. You need a warm market to begin with and you need to develop your prospecting skills. I had difficulty because I was unemployed when I started and that makes things very, very difficult. One needs to have a steady source of income while learning and growing one's business. Otherwise it is a powerful system with great potential compensation and I would recommend it to anyone serious about starting a business who doesn't have a lot of capital or a million dollar idea.
Powerful "off the shelf" system.
You really need to know a fair sized group of people.
Registered Representative (Former Employee) – Los Angeles, CA – September 7, 2015
A well established provider of life insurance and financial services. Responsible for identifying prospects and converting prospects into policyholders. Often relied on telemarketing and face-to-face contacts.
Very engaging line of work with access to even upper management individuals who are ready and willing to assist you
Associate (Current Employee) – Lombard, IL – July 18, 2015
Although I have just started working for Transamerica, I already like the organizational culture and its incentives. Everyone always has a positive attitude and is willing to help each other out to achieve a common goal which is to help our customers make money, save money, and get out of debt. The most enjoyable part of the job is being able to help families that are struggling financially and see them prosper.
Financial Adviser (Current Employee) – Pasadena, CA – June 14, 2015
Great management and a great place to work. The environment and the people are fun to work with and very upbeat. The home office staff and higher ups in management really understand what it takes to help us do our job and they make sure that we have the tools to get the job done right.
Branch Office Manager (Current Employee) – Artesia, CA – December 30, 2013
Transamerica Financial Group Brokerage business model is completely different from the rest of the industry. The Branch Office Manager position is commission only. I developed an entrepreneurial mindset, my managerial and leadership skills. You have to be self disciplined and extremely resourceful. Since you are on commission only, your branch is your business. You have to be available and reachable anytime by the registered representatives, clients, product providers and regulators. However, your success depends of the clients and their agents success. That is so rewarding.
In this job you need to develop a client base for people with insurance and investments (financial advisory). Unlike most jobs in the industry, you can work with 100s of companies instead of just the company you work for (and compensation is not reduced). However, working on full commission is difficult. Especially when you are in charge of doing everything. That means you call/ meet clients to book appointments, meet face to face to offer financial consultations, and make recommendations based on clients needs. This is the hardest part of the job because you need to do everything you can to meet people interested in doing insurance/ investment business with you. The plus side of this is that if you can build and maintain a big enough client base, their is a lot of potential compensation.
The best part of the job by far is the co-workers. The team of people I work with are brilliant and hardworking. They are very helpful in giving advice and assisting with sales. They are very much so team oriented. This allows you to work with others who are licensed to do something that you can't do. Management is also great and there for you whenever you need it.
If you like working in this field than this is a much better position than any company can offer because you are independent. It's just like I tell my clients... "I work FOR YOU not for some insurance company, therefore I will spend my due diligence in finding the perfect product for you."
can earn lots of money from commission, flexible schedule, monthly bonuses, can become licensed for anything whenever, lots of companies to work with
no leads, 100% commission, no benefits, you are pretty much on your own
Financial Advisor (Current Employee) – Tucson, AZ – October 24, 2012
Calling a warm market with a near only referal market to meet for one on one financial planning at no hourly cost or minimum net worth. Learning financial concepts that you can apply to everyday life was what turned my family's life around. The office is full of people who like to play hard and work hard so off-time is very fun with the group and go-time is very serious mission accomplishmnet. At any given time I can get in a conversation with someone who can answer questions and help whatever issue arises. The leadership is incredible and very much caring about your success. Being on the phone is my hardest part, feeling like a tele-marketer even though they want to hear from you. Best part is seeing your clients develope from before meeting you through time working with you, growing.