A.G. Edwards or NYL?

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Jul 18, 2005 1:27 pm

I recently interviewed with NYL and I it sounded as if they had a great training program. The GM that I would be working under is a great guy. He has built a great business and has very good plans for the future. In three years I would have the option of coming under his umbrella(his own business) to focus more intently in the area of financial planning. The problem with NYL is that Life Ins. would be first & foremost more important than securities.

I am definitely more interested in the financial side of the business rather than the insurance side. That is why I plan to interview with A.G. Ed tomorrow. Don't know anything about the manager there yet.

1.) Can anyone reccommend any specific questions that I should ask AG Ed?
2.) Does anyone have experience with either of the companies that they would like to share?
3.) What are the commissions paid by A.G. Ed.?
4.) Do you think the financial side of NYL will continue to grow or will it always be in the shadows of their insurance products?
5.) I had one friend tell me that he would rather buy insurance products from his investment rep. than to buy financial products from his insurance rep. What are your thoughts on this matter or should any thought even be given to what my friend said?
Hopefully you can give me some good advice as I try to narrow the field between these two companies. I look forward to your replies.

Jul 18, 2005 1:42 pm
joseywales:





I look forward to your replies.





There is one reason why you should join NYLife instead of AGE--that
being if you're not old enough to be effective at AGE.  Unless
you're in your mid thirties you are going to find being a stock broker
to be an all but impossible job.



By comparison, one is not disadvantaged by their age at NYLife, in fact
it's an area where the older people had damn well better be in
supervision or they're considered to be failures.



So let's develop two scenarios.



1.  You're less than thirty five--go to NYLife and learn the
ropes.  Learn to prospect, present and close--then when you're
older you will be an AGE branch manager's wet dream.



2.  If you're already thirty-five go with AGE.  You will
still be faced with the nagging fear that you don't have any idea what
you're doing--and you won't--but the reality is if you know anything at
all you'll know more than your 99% prospects and 90% of the guys at
NYLife.



NYLife is certainly a premier insurance company--you could hardly do better in that side of the biz.



But no insurance company--NOT ONE--will offer you the ability to spread your wings and soar like an eagle.