First Investors Corporation

★★★☆☆

About First Investors Corporation

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Finance

Finance
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Westfield Bank

141 Elm St Ste 1 Westfield, IA

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Bank of America Mortgage

138 Memorial Ave 5 West Springfield, MA

3.0 2
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Pay-there is none, you pay for everything 1000 bucks upfront for licencing, auto expenses( and there is a lot of travel) your own computer, etc. Also there is a 60% commision split with your "mentor" who is a joke.
Respect- You will get none they do not care about you or your clients, their funds are crap and the training is a bunch of scripts
Benefits-None plain and simple
Job Security- none because you won't make any money since they prey on low income investors and take most of the commissions for themselves...thus you won't be able to afford to work there since it cost you so much money.
Work/Life- they say you have a flexible schedule but you have to work 9-9 on mondays and fridays manditory. There are meetings tues, weds,and thursdays for other brainwashing. This leaves you very little time to meet with clients and prospect. Also because you meet clients in there homes you will drive all over the state and pay 4 bucks a gallon and a lot of time doing it. Say good buy to weekends!!
Growth-you are salesperson not an FA and they will not acknowledge a CFP or any other credentials as you are a registered rep. If you want to be manager go ahead basically you will recruit unsuspecting college grads for a living and try to brainwash them too!
Location- It is usually a crappy office somewhere. But it doesn't matter since you will drive all over the state to go and find some poor unsuspecting client that may invest 100 dollars a month with you.
Competence-The training was non-existant, they provide you will tools from the 80s and no computer.(you provide that) You will get a lot of scripts to memorize. The managers/mentors are brainwashed people that have lived with mom and dad long enouph(I am NOT joking Here) to get all of the accounts from the previose 100 ex employees, thus they make enouph money to get buy and take %40 of your commissions even tho they do nothing for you!!
Environment--Boot camp without a life and benefits...you would be better off joining the army!!!

This is a Horrible company to work for OR invest with!!!!!!! ANYTHING would be better trust me I know!! Basically the owners make money for themselves and care nothing for the clients and employees. I am surprised they have not been shut down as of yet since it is a borderline scam. Any respectable person that would like to be a financial advisor would not invest a dime into these funds if they would like to keep their clients for long. A money market account woud return more than their mutual funds(check out the morningstar reports).

You will give it everything you have and they will take it all from you go elsewhere with your time and money!!!!!

If you are considering investing with this company PLEASE CHECK THE FUND PERFORMANCE!!!!!! FI only manages $5billion and in this industry that is very little. They have over the top expenses and underperforming products. This is the type of company that gives Financial Advisors and Brokerages a bad name PLEASE STAY AWAY!!!

0
★☆☆☆☆

Pay-there is none, you pay for everything 1000 bucks upfront for licencing, auto expenses( and there is a lot of travel) your own computer, etc. Also there is a 60% commision split with your "mentor" who is a joke.
Respect- You will get none they do not care about you or your clients, their funds are crap and the training is a bunch of scripts
Benefits-None plain and simple
Job Security- none because you won't make any money since they prey on low income investors and take most of the commissions for themselves...thus you won't be able to afford to work there since it cost you so much money.
Work/Life- they say you have a flexible schedule but you have to work 9-9 on mondays and fridays manditory. There are meetings tues, weds,and thursdays for other brainwashing. This leaves you very little time to meet with clients and prospect. Also because you meet clients in there homes you will drive all over the state and pay 4 bucks a gallon and a lot of time doing it. Say good buy to weekends!!
Growth-you are salesperson not an FA and they will not acknowledge a CFP or any other credentials as you are a registered rep. If you want to be manager go ahead basically you will recruit unsuspecting college grads for a living and try to brainwash them too!
Location- It is usually a crappy office somewhere. But it doesn't matter since you will drive all over the state to go and find some poor unsuspecting client that may invest 100 dollars a month with you.
Competence-The training was non-existant, they provide you will tools from the 80s and no computer.(you provide that) You will get a lot of scripts to memorize. The managers/mentors are brainwashed people that have lived with mom and dad long enouph(I am NOT joking Here) to get all of the accounts from the previose 100 ex employees, thus they make enouph money to get buy and take %40 of your commissions even tho they do nothing for you!!
Environment--Boot camp without a life and benefits...you would be better off joining the army!!!

This is a Horrible company to work for OR invest with!!!!!!! ANYTHING would be better trust me I know!! Basically the owners make money for themselves and care nothing for the clients and employees. I am surprised they have not been shut down as of yet since it is a borderline scam. Any respectable person that would like to be a financial advisor would not invest a dime into these funds if they would like to keep their clients for long. A money market account woud return more than their mutual funds(check out the morningstar reports).

You will give it everything you have and they will take it all from you go elsewhere with your time and money!!!!!

If you are considering investing with this company PLEASE CHECK THE FUND PERFORMANCE!!!!!! FI only manages $5billion and in this industry that is very little. They have over the top expenses and underperforming products. This is the type of company that gives Financial Advisors and Brokerages a bad name PLEASE STAY AWAY!!!

.

First Investors has provided excellent financial planning that has saved me a lot of money. They review your portfolio and work with you to choose investments/ insurance that meets your needs. They are thoroughly professional and have always been on time for appointments.

5
★★★★★

First Investors has provided excellent financial planning that has saved me a lot of money. They review your portfolio and work with you to choose investments/ insurance that meets your needs. They are thoroughly professional and have always been on time for appointments.

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