First Investors Corporation

  www.firstinvestors.com
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First Investors Corporation Reviews

Updated Jul 17, 2014
All Employees Current Employees Only

3.0 172 reviews

75% Approve of the CEO

First Investors Corporation President & CEO Bill Lipkus

Bill Lipkus

(36 ratings)

43% of employees recommend this company to a friend

Review Highlights

Pros
  • New Training Program: It used to be straight commission, but has since changed to a base (in 17 reviews)

  • Good internship where I learned much about the Financial Services Industry (in 7 reviews)


Cons
  • No benefits because you're an independent contractor (in 17 reviews)

  • You have to sell to your friends and family which is not the best feeling (in 9 reviews)

More Highlights
38 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Work hard and you will succeed!

    Financial Services Representative (Current Employee) Lexington-Fayette, KY

    ProsFirst Investors’ has a very extensive training program and the upper management are very well educated in this field allowing you to easily succeed in this business. This representative position comes with a base pay salary starting out and commissions along the way which is not offered by most companies for this type of position. I love the atmosphere here in the office, everyone feels welcome and there is always someone available for questions and help, making it a very comfortable environment and the work day easier. I like having the ability to have a flexible schedule and plan around my day. This job is a lot of hard work and requires a lot of dedication and time but the outcome is well worth it.

    ConsNot having enough hours in the day, but turns out to be a positive thing in the long run because it makes you work that much harder to reach your goals.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Excellent company for those who are motivated

    Financial Services Representative (Current Employee) Greenbelt, MD

    ProsThe company offers a base salary while you're in the 9 month training program which many firms in the industry do not offer. The training program is extensive and very thorough. Representatives in the training program have at least a meeting everyday with someone in upper management. The company pays for the licensing process and provide you with the study materials to get three different licenses. The opportunities to move into management are plentiful as the company is drastically expanding nation wide, really is a great place to start a career especially if you have an interest in moving into management.

    ConsAs with any commission based job, you get out of it what you put in. This job is for people who are willing to work hard and put the time and effort into being successful.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    A great career path for the highly motivated

    Financial Services Representative (Current Employee) San Antonio, TX

    ProsFirst Investors’ extensive training program is what lured me to the company. To have the system in place with base pay and commissions along with my overhead expenses being paid for was a huge head start for me to help get my career started and something I couldn’t find at other companies. The office atmosphere is another positive for the office. It has a family feel, and there is always someone at the office willing to lend a helping hand.

    ConsThis position isn’t for everyone. It takes a person who is not only extremely dedicated but also highly passionate about the position and the work that goes into being a successful representative. There is a learning curve that is different for everyone depending on their quick actions and implementation.

    Advice to Senior ManagementI feel that the marketing for the company could take a more aggressive approach in order to create more brand recognition with the public.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Work Hard. Play Hard.

    Senior Financial Services Representative (Current Employee) San Antonio, TX

    ProsI have done my research on similar firms. No other company offers the level of support or training. The compensation is better than most firms. Very strong culture from top to bottom of working hard and play hard. The majority of my vacations are with my colleagues from across the country because they have become like family. No other company spoils their representatives like First Investors.

    Career opportunities: We are looking to open offices across the country and aggressively grow in the next couple of years.

    New Training Program: It used to be straight commission, but has since changed to a base+ commission for the beginning of a representative's career.

    ConsThis is your business and you will reap what you sew. You don't have to worry about a boss breathing down your neck, so you have to be self-motivated or otherwise you will likely not be successful.

    Advice to Senior ManagementWith the amount of changes and growth over the last couple of years it has been tough to see what we are pushing towards. Bigger and Better, of course, but a clear image of the future would be beneficial.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    My Team is the Reason for my Success

    Registered Representative (Current Employee) Philadelphia, PA

    ProsStarting your own practice is a monstrosity of a task, without a proper support team and sheer determination to succeed. Since my inception with First Investors, I have seen my fair share of challenges, but it is from those challenges that which builds character and establishes a point of reference to which I can learn from. From senior associates to the leadership team, everyone has lent a hand in providing encouragement, guidance, knowledge, and their own experiences at every stage of thier career. It is those experiences to which you cannot read about in any form of literature, nor see in any movie/documentary that links us all and creates a comraderie that no other company can emulate.

    ConsLarge time commitment, however with building any business this is essential to a successful practice. Studying for exams, except their is no way around this.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Run your own business and be willing to work hard

    Financial Services Representative (Current Employee) Atlanta, GA

    ProsThis company, especially my office in Atlanta, provides the absolute best opportunities. No other company allows this type of upward mobility in such a short amount of time. I have seen such an amazing career in my short tenure here, but I only plan to keep moving up throughout the years. The rewards that they give for you running your own business successfully, are only a few reasons to work here. Helping people achieve their own financial goals, while also living the lifestyle you want are the main reasons to be here.

    ConsIt takes a lot of work to get your own business up and running. If you look at any other business and what it takes to get started, First Investors helps you tremendously. There is no other place where you have these opportunities, but you have to be willing to put the time and work in.

    Advice to Senior ManagementThey are always there to help no matter what, which is the best thing they can do. The management is always there to help out, whether it is in good times or times of struggle. This is one of main reasons why I have seen the success in my short time here.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Amazing place to work, with unlimited opportunities!

    Registered Representative (Current Employee) Canonsburg, PA

    ProsI began my career at First Investors, in the Canonsburg office, in February 2014, and have been a representative in the field since May 2014. I knew this was the career for me from the time I was asked to come in for an interview. From what I’ve heard about the company and after viewing the website I couldn’t see how anyone could pass up an opportunity to work for this company. The day of my interview everyone I met was so welcoming and friendly, I was informed of the unlimited earning potential, the freedom to set your own schedule, and most importantly the chances to make an impact in clients’ lives. Once I began working, nothing changed. The management team and other reps remain helpful and friendly. Our saying is, “You’re In Business For Yourself – Not By Yourself.” Yes, you’re building your own business and developing your own clients, but you have the support and knowledge of everyone else in the company. To be successful in this company you have to be highly motivated and willing to put in the effort to receive the rewards. When you have the freedom to set your own schedule you have to remain dedicated and use the time you set aside for work to actually work. The financial service field is not an easy field to work in, but I believe First Investors provides amazing training, support, and opportunities to create a very achievable, rewarding career.

    ConsI do not have any cons. I believe if you leave First Investors it is not because of the company, but because you do not have the appropriate dedication.

    Advice to Senior ManagementI can see how far this company has come, and I constantly hear about the remarkable future that lies ahead. Keep up the amazing work!

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Most of the people I know would love to trade careers with me.

    Investment Advisor Representative (Current Employee) Phoenix, AZ

    ProsFirst Investors has helped me build a practice that provides me with unlimited upward income potential, the time flexibility that allows me to spend quality time with my family, the friendship and comradery of financial professionals nationwide, and the ongoing training and administrative support I need to continually grow my business. For 32 years this firm has been with me every step of the way. Not to mention that my wife and I have been on 33 incredible vacations in seven different countries that First Investors has organized and paid for just because I was doing my job. the future looks better than ever!

    ConsCons are easy, this is not the business for everyone. If you are not ambitious, if you do not want to work hard for a great living, if you need someone to tell you what to do every minute, and if you are only in it to get paid on a Friday, then you dont have what it takes to be here. You must work hard with a "be your own boss" mentality to have success. Unlike many "jobs" you will not get paid or promoted for just showing up.

    Advice to Senior ManagementOnly advice I have is to keep doing what your doing, continue to reach out to all levels of representatives on what they feel should be current priorities, and keep being there when I need you.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Hard work, but it is worth it!

    Financial Services Representative (Current Employee) Indianapolis, IN

    ProsThis is a company where the growth is limitless. The harder you work, the more growth you will experience. Also, you can choose which way you would like to take your career: working as a representative or taking the managerial route. The training is exceptional, so it is a place where you can succeed no matter your background. It is also a place where you can give back to your company by volunteering through our parent company, Foresters.

    ConsIt takes a lot of hard work to start out in this type of business, and it can be intimidating putting yourself out there and meeting new people everyday.

    Advice to Senior ManagementKeep pushing us and bringing new ideas to the table.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Love working at a financial services company that truly puts the clients first.

    Senior Financial Services Representative (Current Employee) Indianapolis, IN

    ProsA career at First Investors allows me to have a great work-life balance. I am free to set my own schedule as well as my own goals for what I want this career to be. With the help and support of my manager I'm able to work hard and play hard and not miss out on the most important part of life: family.

    ConsThe biggest challenges are holding yourself accountable to your own goals and finding the self-discipline to know when to work and when to play.

    Advice to Senior ManagementOne of the greatest assets I have here is a supportive management staff always ready and willing to help me and answer questions when I need it. They are very approachable and will always make time to give you what you need to help your business.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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