Principal Financial Group

  www.principal.com
  www.principal.com
There are newer employer reviews for Principal Financial Group

 

Principal has a very low payout and only rewards you when you sell their products.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Advisor in Bakersfield, CA
Current Employee - Financial Advisor in Bakersfield, CA

I have been working at Principal Financial Group

Pros

Principal has a good 401k platform, and they have some decent funds. If you sell life insurance and annuities, you can make some money. If you sell investments, you won't.

Cons

Principal takes no risk in their agents. You pay for everything and get a very low payout. You pay your rent, secretary, copier and all other expenses. They provide insurance and investments. They also don't match your 401k when you sell funds or other investments through their brokerage.

Advice to ManagementAdvice

Take some investment in the people who keep this company running -- the agents. The agents should also be rewarded when they sell Principal funds with a 401k match.

Doesn't Recommend
Disapproves of CEO

207 Other Employee Reviews for Principal Financial Group (View Most Recent)

Sort: Rating Date
  1.  

    The training for my position left a lot to be desired and I was unprepared for the volume of work for my caseload.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Pension Administrator in Des Moines, IA
    Current Employee - Pension Administrator in Des Moines, IA

    I have been working at Principal Financial Group

    Pros

    Excellent benefits, and competitive salaries.

    Cons

    Once you are out of training, you are not supported.

    Advice to ManagementAdvice

    Do a better job of slotting people to jobs they are qualified for.

    Recommends
    No opinion of CEO
  2.  

    Good Support and Training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Registered Representative in Lake Elmo, MN
    Former Employee - Registered Representative in Lake Elmo, MN

    I worked at Principal Financial Group

    Pros

    Much better professional development than is available at other financial-services companies. Principal spends a lot of time marketing new reps.

    Cons

    It's a pure sales job, no way around that. You're given about six months to find your stride, otherwise you're out.

    Advice to ManagementAdvice

    Upper management was in a state of flux. Regional managers are hands on and supportive, and want their recruits succeed.

    Recommends
    No opinion of CEO
There are newer employer reviews for Principal Financial Group

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