Advisors Asset Management Reviews

Updated April 24, 2015
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2.5
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Advisors Asset Management CEO & CIO Scott Colyer
Scott Colyer
11 Ratings

19 Employee Reviews

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  1. Working for AAM

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales
    Former Employee - Sales

    I worked at Advisors Asset Management full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    President is well respected leader in industry; good benefits; great financial tools; excellent H.R. department, friendly co-workers.

    Cons

    Poor job security(recent layoffs); commission payouts vary, not universal throughout the company; products with high payouts are promoted and sold more, even though they may not be the best for the customer.

    Advice to Management

    Get all departments working with each other instead of competing with each other. Get the whole company on the same page.


  2. Fixed Income Sales Trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fixed Income Sales Trader in Charlotte, NC
    Current Employee - Fixed Income Sales Trader in Charlotte, NC

    I have been working at Advisors Asset Management full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Small office environment in Charlotte. Job has some potential if you have strong relationships on the Street.

    Cons

    I worked for this company for 3 years and never recieved a raise. Managemnt talks a big game but when it comes time to reward employees, to agreed upon contract terms, AAM did fullfill their end of the bargin. Lots of clockwatchers and little to no vacation or sicktime. Company has very high turnover. Very few Street veterans here.

    Advice to Management

    Reward your employees for a jmaking goals. CEO should look to retire.


  3. Poor Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Advisors Asset Management

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Friendly employees Knowledgable portfolio managers

    Cons

    Poor management Always changing the compensations Layoff constantly

    Advice to Management

    Stop changing the comp plans to save a dime for the company


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  5. Generally a negative employment experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advisor Consultant in San Antonio, TX
    Former Employee - Advisor Consultant in San Antonio, TX

    I worked at Advisors Asset Management full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    This place sells fixed income investments, if you are looking for a way to break in to the industry or hang your licenses up for a while, they are serviceable.

    Cons

    Generally the only salespeople that had a book of business of any size inherited those books through attrition. Opportunities for advancement are based on politics. There is not a high level of trust in senior management.

    Advice to Management

    It would be hard to provide useful guidance to this company. The culture is extremely negative and the company has been heading the wrong direction for a while.


  6. Good Job With Good potential

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Sales Consultant in Lisle, IL
    Former Employee - Internal Sales Consultant in Lisle, IL

    I worked at Advisors Asset Management full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good company to work for along with a great people in the company. great views on the market and have alot of potential. good products compared to competitors and compensation is good.

    Cons

    need to work on career development for employees


  7. Better than unemployment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Advisors Asset Management full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    I really don't have any pros for the company as a whole. I was lucky and was on a good team where our manager buffered us from some of the upper managements poor decisions.

    Cons

    The work itself is not bad, but the culture and work environment that the company creates and allows is not good. -cut pay -did not have commitment to their employees

    Advice to Management

    quit cutting pay..


  8. A long (mostly) fun journey

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Antonio, TX
    Current Employee - Anonymous Employee in San Antonio, TX

    I have been working at Advisors Asset Management full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    There is lots of opportunity for growth. Recent changes to some team structures have led to more control over your career. Now you have a territory to yourself instead of having a split territory with ensuing friction between salespeople. Like all sales jobs there is plenty of work but the reward is there. There is more focus on accountability to ones self and their team. If you want to coast you won't last. The UIT/fund side seems to be growing very quickly and we have great products to sell. New partnerships with several industry leading firms are working to help growth as well. There is plenty of opportunity to stand out at the firm if you are a good salesperson and willing to work. I take time off when I need to and have found many of the people who have been unhappy here would be unhappy almost anywhere. Thankfully many of those people are gone or getting moved out.

    Cons

    It is a small but growing company. There have been some missteps in the past from leadership. This does seem to be getting better and is to be expected from most growing companies. In general it's been a good place to work and I do see things getting better.

    Advice to Management

    Keep listening to ideas and solutions from the front line. Keep up training and don't grow too fast!


  9. Helpful (1)

    Started out great, then company grew too fast resulting in business & ethical dilemmas

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bond Salesperson in San Antonio, TX
    Former Employee - Bond Salesperson in San Antonio, TX

    I worked at Advisors Asset Management full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Company has grown substantially in tough markets. Very charismatic CEO who has his pulse on the markets Wholesaler division on the "street side" (wholesaling to wirehouses) is the best division to be in.

    Cons

    The culture deteriorated to "let's make money at any cost",even if it means doing the wrong thing. Many producers on bond desk look for loopholes just so they make $ for themselves (excessive markups, placing commission new issues in fee based accts so sales guy makes more $) at expense of advisors & clients. Little training for new people, not selective on who they hire & many people (not all) have questionable ethics.

    Advice to Management

    Develop a code of ethics that everybody lives by and actually train people on it. Hire leaders and develop leaders - the management & sales leadership has been a revolving door due to management's heavy emphasis on making money at any cost. Executive/ Sr. Management needs to get back to being more involved with their employees & customers.


  10. Helpful (2)

    Fixed Income Sales Trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fixed Income Sales Trader in San Antonio, TX
    Current Employee - Fixed Income Sales Trader in San Antonio, TX

    I have been working at Advisors Asset Management full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Hands off supervision. This company is either in micro- or macro mode, depending on profiltability.

    Cons

    Very poor benefits, small comapany, atmosphere lack professionalism.

    Advice to Management

    They need to start caring more for their employess versus their backpockets. Very poor management style.


  11. Made great money and learned a great deal about financial industry.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Advisors Asset Management

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great people to work with. You can make a lot of money while also building your resume. Small company so moving up is easier than bigger firms.

    Cons

    Financial Strength. Company is changing its business model so things are changing drastically. Insurance is very expensive.



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