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30+ days ago

Rochester Financial Representative

First Investors Rochester, NY

Products we offer . . . • Mutual Funds • Life Insurance (Whole Life, Term Life & Variable Life) • Annuities • Retirement Vehicles… First Investors

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First Investors Corporation President & CEO Bill Lipkus
Bill Lipkus
47 Ratings
  • Helpful (8)

    Clients and Reps Run away or sell now and tell all of your friends to do the same.

    • Work/Life Balance
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    • Senior Management
    Current Employee - Registered Representative in Rochester, NY
    Current Employee - Registered Representative in Rochester, NY

    I have been working at First Investors Corporation

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO


    The association of other people that can't see the light either or are too scared to leave also.


    Only one line of funds for me to offer. NO Fixed Annuities. 8 of 10 funds have lost money over 10 years. They push high risk variable insurance as an investment. They do not pay their brokers to sell stocks or bonds but make them take all the risk on the trade. You have 3 mandatory meetings a week. They make you stay in the office on a Monday even at the risk of your life, like bad weather. They say you are an independent contractor but tell you what to do. They discourage research on investments, and the market. They publish NO White papers. (an industry standard) You can not meet with outside reps to sell better investments. 2 top reps left last year and they are making over $300,000 as independent reps. I think I want to leave this terrible place.

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    Find out what a real Investment Firm does

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