A free inside look at company reviews and salaries posted anonymously by employees. Your best plan is to educate yourself and your husband. The only time an employer tried more than once to get in touch with me was a pyramid scheme. Fast forward, we ended up signing up for a bunch of stuff that they made us feel like we needed (because life insurance and disability insurance are obviously great to have in place even though that wasn’t my initial reason for needing their assistance, I figured why not?) What would you like moving forward?”, My first thought was to go cancel everything with them immediately after reading some of these threads... but They have to be somewhat legit, right? Months go by, we never contact her. Find another financial adviser, but Northwestern Mutual didn’t get you, you trusting this person did. Northwestern Mutual is a great insurer, whether you’re looking for term or cash value life insurance. Starting right out on comission only is normal for 90% of companies very few offer salaries first for about 2 years. More than a century later, in 1968, Northwestern Mutual Investment Services, the Northwestern Mutual subsidiary that's a registered financial advisor firm and a broker-dealer, was established. She really just knows we’re suckers whose businesses became successful quicker than we expected (we definitely aren’t rich by any means, unfortunately) , and didn’t know what to do with the money. Usually when you’re looking for a job you have to be very proactive to get an interview with them. Northwestern Mutual Investment Services customer reviews, complaints, ratings, pros and cons, fees and rates. I also now have a Sep IRA. Their training is ranked as one of the best in the industry and has one of the top ten internships in he country. Is it possible to get a job after a DWI conviction. Maybe start with your CPA - assuming you trust them - ask them their thoughts on the products you have now and if they have financial advisers they would recommend. It is not a scam, if you do your research you will realize it is a very impressive company with an unbelievable track record. What a rip off. Now, you may be paying for products that don’t make sense for you, and honestly if you don’t know what products you have and why you are paying for them then you and/or your financial adviser haven’t done their due diligence. You need term life insurance, you are paying for whole life insurance. It changed my life 12 years ago and if you are a hard working, self motivating, ethical person it could change yours too. This will cost you so much money over your lifetime if you keep using them...also news flash! Use multiple sources for your research and cross check on this sub reddit. One adviser wants me to start doing whole life insurance policies for tax purposes but I’d rather maximize my other investment strategies and totally pay off debt before having to do that (and honestly I think the return value on whole life insurance is so low that it probably isn’t worth it anyway). I am new to reddit. All that to say - NM is a legit company but I’m sure they have some bad advisers and it seems like you got one. DO NOT fall victim to companies like this! Find Financial Advisor Northwestern Mutual IRA Review Conclusion It is up to the individual investor to weigh the advantages of strength and reputation of Northwestern Mutual … Northwestern Mutual teaches you a good amount but the hardest part of the job is not what you know, but who you know, as a lot of the initial work revolves around getting your own client leads. I’m feeling a little sick to my stomach as I sit here and think of the $1129 I’ve been paying them monthly for the last year and some months. It is a hard job with high turnover so know that going into it. But again, if you don’t want the personal relationship Or active management than you are welcome to stay there. It will not be easy, but nothing worth doing ever is. Join our community, read the PF Wiki, and get on top of your finances! Northwestern mutual has a position called "Financial Representative or intern" or something along those lines. If you bought a whole life policy, a term policy may offer a better solution at a lower price for you. Is it worth going to this interview? The good news is that you went from having nothing in place to now having some coverage and investments setup. Make sure that you are never the person in the room that knows the least about your money or you will be taken advantage of every time. Something just feels off. Nwm hired me in their menlo park office in 09 as salesperson based on my high aptitude test score but fired me after missing training class. Why do women so often dislike working with other women? Especially people who don’t have a lot of experience in their chosen career field. Glassdoor has 6,493 Northwestern Mutual reviews submitted anonymously by Northwestern Mutual employees. Probably better to save that day off from work for a job with full benefits and full hire. Not to mention, we have declined many times, and they still keep pestering us. You’ll have to pay more taxes because you’ll be self-employed. I personally have term life, disability insurance, and long-term health care insurance with NM but I also have another financial adviser outside of NM and my CPA who is outside of NM who annually do assessments of those policies to make sure I have the right amount and that I’m not getting screwed over. Don’t ask how I single handedly built a successful business with employees, I’m still asking myself this daily.lol) I also realize I am way too nice and too trusting. But as someone who has never done this, I didn’t know what a normal amount was when I signed up. http://www.armydiller.com/financial-scam/index.htm. All public libraries will have Dave Ramsey, Suzy Orman, Rich Dad-Poor Dad, Personal Finance for Dummies, and tons of other good, basic books, which is where you need to start. Start listening to money talk shows/podcasts. Insurance products are always predatory. This estimate is based upon 143 Northwestern Mutual Financial Advisor … Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual … So what really made me look into it more is when my main financial advisor (we will call her Sally) recently quit the company and started with another financial advising company, and has been nonstop emailing, texting, calling, having her assistant call etc trying to get me to move over with her. Now, you should start to review those items individually to see if you need that product, and secondly, if the answer is yes, is that product the best available for your hard earned money. Best Cities for Jobs 2020 NEW! DISCLAIMER: We are not Northwestern Mutual. Not time to waste checking if they are a rip off or not and in this day and age, you can do almost everything you need by yourself for s fraction of the cost with easy access to information and at best all you need is a one time service for specific services like estate planning, purchasing insurance, taxes etc. Good luck out there! Most of the people who join the company end up leaving in a relatively short period of time. You need term life insurance + your SEP contributions, nothing else. Learn about Northwestern Mutual culture, salaries, benefits, work-life balance, management, job … This is an independent review. I know you didn’t have any-but Your wife does. If any of you can confirm this, that would save me the ignominy of having to interview with Bill Lumberg and miss a day of work. If you want help find a fiduciary RIA. It is ranked as #104 in the Fortune 500 list. I’d be more than happy to tell you more about what the career entails and answer any questions you may have. They are a mutual company so … Third, it appears as though the job is 100% commissions and they have you work independently right off the bat. make the switch...if not, keep it. not all financial advisors need to have financial interest in mind when SELLING you a product. If so I would like to see some comparisons via email. terms and conditions. Find Financial Advisor … I have an interview with Northwestern Mutual as a Financial Advisor. Maybe you are not a fit for such an outstanding company? The typical Northwestern Mutual Financial Advisor salary is $50,850. By using our Services or clicking I agree, you agree to our use of cookies. This link below will completely back up my claim, and please spread the word! Join our Winning Team. The jacksonville office of Northwestern Mutual is great. This is outrageous! Associate Financial Advisor (Current Employee) - Pittsburgh, PA - May 3, 2020 Overall Northwestern Mutual is a great place to work. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Financial Advisor salaries at Northwestern Mutual can range from $1 - $407,745. She is not a registered investment advisor and does NOT have your best interest in mind. I have had the enormous privilege of working with the Northwestern Mutual as a sales representative and now in management. Interview and see…good luck. We had trouble talking to the server. It is a hard job with high turnover so know that going into it. 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