Pros
They give you a book of business, access to groups, and base+ residual your first year. There are plenty of low income territories always available to the next desperate advisor willing to work those territories. If you’re lucky, and by lucky I mean connected to someone higher up on the food chain, you can get a cushy gig here working affluent areas like Bergen county. Great for beginners!
Cons
Unless you’re really good at kissing management’s behind, you’re not going to have a good time here. There is a great value and emphasis placed on conference calls here. If you manage to scrounge out a decent living working In Newark with a lower compensation rate, don’t expect to be rewarded with more affluent areas. It’s especially difficult watching your less experienced peers with better territories work less hours and make more money simply because they have access to a higher caliber clientele. After dealing with this for a couple of years, you’ll be asking yourself why I are you working so hard for these people if in the end you don’t own your own clients and you are at the mercy of your managers and where they believe you belong? Buyer beware!