Northwestern Mutual Fin. Network

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Mar 6, 2009 4:30 pm

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 !
Mar 6, 2009 9:35 pm

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.

Mar 6, 2009 10:07 pm

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.