Pros
Oftentimes you are given a book of business which helps get you started and earning right away. Assigned a territory so you can grow client base. Coworkers and management helpful when you need support in the field. Good 401(k) match.
Cons
We are supposed to be financial planners, but we are only allowed to offer clients core AIG products, mostly annuities. Products are proprietary and and even though you service the clients and build the relationship, they belong to AIG. You will have a strict non-solicit. You can be put into an arrangement with a “senior” advisor which is helpful if you are starting out in your career. However your GDC just helps to earn that senior rep more and get them paid out at a higher percentage on the grid. This allows the top producers to be paid at a higher payout than what they produce individually because they have 1-4 junior reps’ GDC being counted as the seniors’. As a junior rep, I was not paid the majority of my commissions earned until a quarter later during a “reconciliation” process. There seems to be little HR oversight on local management. Management can be verbally abusive and inappropriate with their word choice during individual and team meetings. I reported my concerns to HR but I was not followed up with. I’m glad that I’ve moved on.