Aig VALIC, Prudential, Waddell & Reed, Thrivent, NYL

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Aug 12, 2010 1:24 am

I'm currently interviewing with Aig VALIC, Prudential, Waddell & Reed, Thrivent and NYL. I don't know which firm i should start my career with!! Could anyone help?? Thanks :)

Aug 12, 2010 9:05 am

AIG bad reputation, You would have a hassle just recommending tthe name, PRU & NYL are Insurance focused, If your main focus is Insurance with some Investments in the side this may be good choice, WR is your best option if your going to focus INVESTMENTS & Insurance.

Aug 12, 2010 9:21 am

You need to tell us what you'd like to accomplish with your career.  Like ambitious said, stay away from anything AIG related right now.  It's got some really bad baggage.  Prudential and NYL are decent places with some decent products, but they are mostly known for insurance and annuities.  If that's not your cup of tea, then you need to look elsewhere.  Thrivent is a nice gig if you're Lutheran.  Their funds suck.  I'm not sure if you can go outside of their proprietary funds or their proprietary annuities.  The thing about them is that the Lutheran church has done a pretty good job of convincing it's members that Thrivent is the way to go. 

If you have to pick from one of these choices, I'd agree with ambitious again and go with W&R.  They seem like the lesser of all of the evils. 

Why not look at places like Jones or Stifel, or some of the more traditional wirehouses? 

Aug 12, 2010 10:30 am

Pru is definetely insurance and annuities focused, I work here and all I see are kids selling annuities for every occasion. I do a lot of wraps but its not promoted enough. If you want to do investments and insurance I guess its not bad, but I would tell you to go to a wirehouse if you want pure investments like some of the guys here. Mutual fund and non annuities investment training in pru is practically non existent. I came here out of college and signed a non compete, now I can't leave with my clients.