Advisors Asset Management

  www.aamlive.com
  www.aamlive.com

Advisors Asset Management Reviews

Updated July 30, 2014
Updated July 30, 2014
14 Reviews
3.0
14 Reviews
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Advisors Asset Management CEO & CIO Scott Colyer
Scott Colyer
8 Ratings

Employee Reviews

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  1.  

    A long (mostly) fun journey

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good growing company to work for

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

    I have been working at Advisors Asset Management full-time (less than an year)

    Pros

    company is growing and there is alot of potential for growth. compensation is good compared to other opportunities. great people to work with and real good work life schedule with flexibility

    Cons

    can be stressful at times but that comes with any job

    Advice to ManagementAdvice

    keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Fixed Income Sales Trader

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

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

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

    I worked at Advisors Asset Management

    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.

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    Good entrance into wholesale, even better exit to next career

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

    I worked at Advisors Asset Management full-time

    Pros

    -Great people to work with.
    -Management relatively open to new ideas.
    -Decent pay for amount of work.
    -Great CEO

    Cons

    -Senior management too focused on process, not sale itself
    -Company lacks direction
    -Senior management's leadership style is to constantly use fear
    -The wrong behaviors/employees are too often rewarded

    Advice to ManagementAdvice

    Get away from the wirehouse mentality. Your company's strength lies wiht the people in the field, and they should be treated as such.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Boerne, TX
    Former Employee - Vice President in Boerne, TX

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

    Pros

    Good Location in San Antonio(Boerne area)

    Cons

    Terrible managment. Focused on internal relationships and not the bigger picture

    Advice to ManagementAdvice

    Get better understanding of employees job roles and what they do.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Corporate Culture is Questionable

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

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

    Pros

    The CEO is very dynamic. Good place to get some industry experience on your resume. If you are in sales the sales oriented culture could turn out to be a positive for you, everyone else from accounting to janitorial is treated like a second class citizen.

    Cons

    The concept of accountability has metastasized into a serious blame culture at AAM. You will want to get your employment contract not only in writing but also reviewed by an attorney as there is a strong chance the sales culture of AAM will deliver a lot of promises and sales pitches during the interview process with little substance after you join up. The opportunity costs of working with a stronger employee grow oriented company may very high.

    Advice to ManagementAdvice

    Be sure to make the accountability you seek in the staff be real and not based on politics, nepotism or project goals that had zero chance of ever coming to fruition.

    The IT Department used to be part of the secret formula. Hire an outside organization to help you understand who is really accountable for it's demise and do something real about it. The constant turnover in management is a very bad sign as is the loss of long term IT staff, most companies do everything that can to retain and grow long term technology staff rather that let or make them leave.

    Bring back the employee stock option plan and the employee and entrepreneurial culture the company used to have.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Good place to work at

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY

    I worked at Advisors Asset Management full-time (more than an year)

    Pros

    Smart People who have good market calls

    Cons

    Infighting between separate sales and trading groups

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Not the most organized but what entrepreneurial organization is?

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

    I worked at Advisors Asset Management

    Pros

    This company is fast to make adjustments into new markets and take advantage of opportunities.

    Cons

    There are way too many chiefs. SR management have no ability to plan and allocate resources to a new opportunity so they just throw a couple of people and some money at it and let it fail. You never know if your seen as a value adding employee and there is way too much gossip.

    Advice to ManagementAdvice

    Take a business development or organizational structure course and start getting real about what resources are needed to make new ventures work. SCORE offers some great guidance here.

    Doesn't Recommend

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