Nmfn Sucks Customer Reviews and Feedback
Northwestern Mutual is an American financial services mutual organization based in Milwaukee. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, financial planning trust and private client services, estate planning and business planning. Its products include life insurance, permanent life insurance, disability income, and long-term care insurance; annuities; investments; and investment advisory products and services. Northwestern Mutual ranked No. 111 in the 2019 Fortune 500 list of the largest United States corporations by total revenue and is currently ranked No. 102 by total revenue and is in the top 50 by assets held. The firm distributes a portion of its earnings to eligible policyholders as annual dividends.
Financial Representative says"100% commission. They also do a poor job of letting you know what types of expenses are going to be incurred, and when they are going to take them out of your check. The people at NMFN definitely drink the company "kool aid" wayyyy too often. To them, there is no other place to work in the world that can offer what they can. Although their business model is tried and true, it is definitely NOT for everyone."
System Administrator (Former Employee) says"Don't join this project/account if you are getting an opportunity to work in the same in Wipro Technologies Limited. Kindly check the cons for more information.Technology OrientedCheap Politics, Loose Management, Extremely worst work life balance, Nepotism, Extreme Pressure, No assistance from Team & Management"
Financial Representative (Former Employee) says"My mentor acted like I did not exist, it was torture to work with him, never helped me feel like I belonged, or that I can go and ask for help. I was miserable working with him or being near him."
Financial Representative (Former Employee) says"An ideal day at NM starts before sunrise and it ends after sunset. This company is heavy on activity and light on personal space. They feel entitled to your time, and pressure you to answer their somewhat invasive calls and texts immediately or they'll feel some type of way. Mentally prepare yourself for passive aggression, gossip, and gaslighting. The top advisors seem to be on edge 24/7 and only a few of them seem to be on antipsychotics.When I first started, they talked about the high turnover as if the people who don't survive the first six month years are just lazy. I brushed it off thinking 'Oh, I'm not like that, I've got this.' But after being with them for 10 months I can tell you that's not the case. They fail to mention the reason behind the high turnover is (1) the 3 month sales cycle, (2) their "process" is based on a system created in the 80s and they refuse to modify it to fit the reality of today, (3) they expect you to be codependent and make this career your life (4) pressure from management to gain access high networth individuals and irritate your family, friends, and associates to give you their business and access to who they know. They truly only care for how much money you make them each month. If you have an annoying personality (whether passive aggressive or aggressively passive) this is the career for you. No shade.Free coffee but it's Community, Free donuts but not everyone washes their hands before they reach in the box.They charge you twice a month for overhead expenses, 10 hour work days, they expect you to study 25-30 hours a week for licensing exams, there's a $1, 500 fine if you don't pass them all within 9 months of employment."
Financial Representative (Former Employee) says"Very uncomfortable work environment, at this location at least. Not a good fit for most personalities. Work to compensation ratio is poor. I was also very uncomfortable with the ultra right wing Christian attitude and the pressure to join bible study meetings. The pressure to always upgrade your wardrobe (Must wear a suit and tie every day) was stressful and it's really a phone boiler room in the mornings. Too many meetings and coaching from high pressure sales types. You pay for a lot of your own marketing and there are few fringe benefits. There's a reason they have an 11% retention rate for Financial Representatives. If you don't already have your Series 6, Series 7 or Series 66 licenses, don't bother with this place."
Financial Advisor (Former Employee) says"I have never worked in an environment that watches the big fish get bigger by swallowing all the small fish. You bring a list of 250 people you know and start calling them all on day 1 to do their financial planning and all of your income is based off of life insurance sales. Term insurance pays you peanuts and NM forces their Permanent insurance as a financial tool."
Financial Advisor (Former Employee) says"If you enjoy selling products, this is a decent job for you. While they insist on calling their employees "Financial Advisors", they expect them to only sell whole life insurance policies. It's not a finance job, it is sales. Nothing wrong with that, just know what to expect."
Financial Representative (Former Employee) says"Its pure commission only. false sense of management, and absolutely no accountability. They promise you the world, but they want you to give them all of your contacts and 80+ hour weeks for nothing"
Business Analyst Consultant (Current Employee) says"On the outside, everything looks great, however once inside one will see that it's a hot mess; disorganized, poor leadership, zero vision for end-state and ineffective planning."
anonymous (Former Employee) says"Management is chauvinistic towards women, there is no equal pay, and no chance of a promotion if you are apart of the staff. Lack of leadership, no work-life balance."
Intern / Financial Representative (Former Employee) says"this place sucked, horrible work environment and they just want you to take advantage of your pre existing relationships. never recommend this to a good personddddddhdddddd"
Employee (Former Employee) says"no morality and poor treatment of employees. I would not recommend working here. It is a revolving door with a lack of support from management. employees usually last a year or less."
Front End Operations Specialist (Former Employee) says"management does not support employees and micro-managing is taken to a whole new extreme. employees feel defeated and unhappy. the culture is not inclusive."
Manager of Information Technology (Current Employee) says"In order to advance you have to be in the in crowd. You either have to be willing to kiss up or you need to know someone. It helps to be related to someone up high."
Financial Representative (Former Employee) says"No support you start by cold calling or reaching out to family promised a boatload of up front money which wasn’t actually the case. Then they turn around and charge you for your office space which was a cubical"
Financial Adviser (Former Employee) says"Full of lies and promises when you're a new employee. You have to come up with your own network and recruit friends and family for them to put in their Dada base. No thanks!"
Associate Customer Service Representative (Former Employee) says"Employees are constantly told that the law does not require the company to provide breaks during the day. Management is not only unsupportive, but has no working knowledge of the job duties or basic functions."
Financial Representative/Advisor (Former Employee) says"Bad culture to work. Would not recommend to anyone. No one takes accountablity for their actions. Was averaging 50 cold calls a day and was not appreciative of my hardwork. No direction."
Financial Representative (Former Employee) says"I worked at a branch office not at the company headquarters. Straight commission. 1099 employee. You have to provide a list of 300 of your relatives, friends and former coworkers, set up meetings with them, then beg them for references. It felt like a pyramid scam. The people who survive at NM were already well-off prior to their employment or they are living off of their savings."
Financial Advisor (Former Employee) says"A typical workday consists of doing a morning meeting, conducting 40 dials a day to schedule meetings, and meeting with clients to sell them products. They will make you start with friends and family and ask for referrals to try to build your "business". Realistically, they'll want you to do joint work so that when you leave, the other advisor will pick up your client."
Financial Representative (Former Employee) says"Numbers drive this company. Little to no concern for employees. If you’re not meeting their standard you will get pushed out and rarely will a safety net be offered first. Initial training is very lackluster. If you don’t have knowledge/experience in the industry I would not suggest signing on. There is zero management/experienced salesperson led training to introduce new people to the products. Findlay office is push push push. There is not an opportunity to work remotely; you are made to go to office every day even though allegedly you are an “independent contractor.” Also be sure you know your contract inside and out.For person with experience could be good jobLittle to no training, office meetings are generally sessions for the manager to tell you how bad you and your numbers are."
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