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.