Does anyone have any experience with Prudential. I’ve been offered an FA position with them.
I had originally started with Prudential Securities, and I’m assuming that
you are referring to Prudential Financial and an FA position selling their
proprietary products? (annuities, mutual funds, insurance…)
I found that the company was a bit more geared toward product rather
than the consultative approach needed to run an effective advisory firm.
They had great stuff and excellent product innovation, however, the
execution of their ‘lineup’, so to speak, left a little to be desired. There
was some feeling that they pushed you a certain way, since it was more of
a management style - a style that said ‘hey, if we don’t push the guys to
do the right thing with these great products, it won’t drive revenues…’,
etc. So, you got the feeling that they were willing to try a bunch of hokey
management tricks in order to get something going.
But, as a firm, I gave Pru good marks. They’ve made me lots of $'s, and it
seems to be (inside and out) a good company.
I think you’d be happy with the quality of the company… I’d be curious to
know more about the position they have offered.
The job is with Prudential Financial. It's interesting that you found they were pushy, because in my second interview the managing director espoused how hands off they were and how I would be free to run my own practice.
Yeah, it was a little funny. They had these meetings called ‘One
Prudential’ meetings where they would require EVERYONE from all facets
from the company (real estate, brokerage, insurance, etc.) to fly to NY and
listen to all the ways you can leverage the products of the firm to benefit
your client. Nothing wrong with it, but cheesy as hell.
The clincher was when they stacked people from different elements of the
firm together at various round tables, and then asked ‘how can we
improve revenues of the firm…’, and had us play a monopoly-type game
using different pieces which were supposed to replicate different parts of
the Pru. Totally gay.
Things may have changed, but during that time they were really trying
hard to get you to fully understand all the products, rather than just
letting you go your separate way.
Again, I’m sure they may have a different structure now… but, if you
would like to get a funny response from your managing director, ask
1.) How long have you been with Prudential
(and if the answer is 10 years or so…
2.) Did you have the pleasure of ever attending those 'One Prudential’
meetings in NY?
They were off the charts funny as hell.
It’s a good firm. Give them a shot.
Good luck… Man it seems they offer jobs to just about anyone who will try to sell insurance.