Northwestern Mutual Fin. Network
I am considering a move into Financial services industry for a few months now. I was layed off from an outside sales job. I am 40. I interviewed with Smith Barney, Merrill (which is no longer hiring but firing) and Northwestern Financial. I was wondering what everyone thinks of a career with NWM ? I understand that it is more insurance than investments but is the big wirehouse really a place to launch my business right now with total destruction to the stock markets ? I am leaning towards NWM and was wondering if there are any NWM reps or ex NWM people that could comment and provide some insight ?Is the Northwestern Mutual Fin. model set up for success ? thanks guys !
It is a model that is set up for success, but don’t take a job there without talking to NY Life, Guardian, and MassMutual.
NWM is a cult. There you will learn that by selling proprietary products with your Series 6 license and zero letters after your name that you are a “Wealth Manager”. Your competitor with 10+ years of experience who runs an independent financial advisory practice with a CFP, ChFC, or CIMA (or some combination of these) is a “Transactional Monkey”. If you can actually make yourself believe this, you’ll fit in well. Otherwise, spare yourself (and your friends and relatives that you’ll be preying on) a whole bunch of misery.