employer cover photo
employer logo
employer logo

Financial Foundation Group

Is this your company?

Don't Get Caught Up in the Hype... - Anonymous employee Financial Foundation Group Employee Review

2.0
22 Mar 2012
Anonymous contractor
Recommend
CEO approval
Business outlook

Pros

Independent contractor position. More flexability that a regular 9-5.

Cons

No Base. No Leads. HIGHLY Micro Managed. You had better have a ton of friends and family that need insurance. Pay can be lucrative, but it is very difficult catch a break. I went to lunch with some coworkers who were disgusted that they accepted the position. One guy had done everything they asked of him in terms of production and they were reconsidering giving him his promotion. Usually look for recent collage grads. Older sales pros, stay away unless you are tenacious. Turnover is very high.

avatar
Financial Foundation Group Response
7y
This is an old review back from 2012 and this former employee is no longer current. I want to be clear about the financial professional position this review is talking about. Yes, the position is very flexible and is not a normal 9-5 job, however FFG has been very up front about the hard work that also must go into this position. Because it is similar to a contract position there is not going to be a base. It was made very clear that this position is on a 100% commissions structure. When being recruited (for any sales job that is 100% commission) it is important to plan to have a minimum of 3-6 months savings knowing you may not get an initial paycheck for a while. This is a position where you have to have very personable skills and an ability to network. You don't necessarily need to poach friends and family as clients, though is usually where most people start out. Because this position is 100% commission there will always be high turnover; not just at this company but anywhere in the financial services industry in general. It really takes a solid 3-5 years to build a good book of business with decent clientele. FFG structure has changed since and we no longer recruit for financial advisors.

Explore other reviews about Financial Foundation Group

5.0
26 Jun 2023
Recommend
CEO approval
Business outlook

Pros

Really care about all their clients

Cons

Nothing comes to my mind

5.0
17 Oct 2012
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

A great way to get into the Financial Services Industry and learn some of the most important life lessons about saving money and preparing for your and your family's future. The management staff is all very well informed and more than willing to go out of their way and help you with just about anything. If you do your part, the opportunity to grow with the company is amazing and you can earn your promotions and raises in a very short amount of time. Ultimately I see myself running a division of the company in a pretty short period of time.

Cons

Similar to college, it costs some money to get accredited. It costs a ton less obviously, but there is that initial cost ($489). However the company will bonus you $500 on your 1st promotion to try and help you offset that cost. Also, it is not a typical work schedule, so you have to be self motivated to schedule appointments, see clients, and get your work done. If you need micromanaging, this is not the position for you.

1
avatar
Financial Foundation Group Response
7y
I want to be clear why there was a cost of $489 to initially start. This money is for the employees training/study materials and state exam for Life Insurance licensing. Because employees are essentially running their own business and gaining their own clients this is why they are responsible for the cost themselves; their earned paycheck is through commissions that are personally produced. This review is back from 2012. Now in 2019, the structure of the company has drastically changed. We are currently not hiring nor have we continued to recruit since 2013.
See reviews by: Helpful|Rating|Date|All