New England Financial

  www.nefcs.com
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New England Financial Reviews

Updated Jul 7, 2014

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2.6 39 reviews

39 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Good for experienced people

    Financial Representative (Former Employee) Chicago, IL

    ProsGood people
    Attractive office and conference room space
    Free parking
    Metlife connection helpful
    Supported getting and keeping licenses

    ConsNeeded more structure for those starting out in their career
    Low name recognition
    Incomplete information on compensation plan
    Needed to pay E&O yourself

    No, I would not recommend this company to a friend

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

     

    Solid Company

    Summer Intern (Former Employee) Washington, DC

    ProsGreat office culture and pushed their interns to learn. Saw a lot of advisors doing their day to day operations and learned tons.

    ConsWorked in a small satellite office so didn't have the exposure of an enormous office full of FR's.

    Advice to Senior ManagementContinue to strengthen your intern program

    Yes, I would recommend this company to a friend

     

    Good place to start, but get out when you can

    Financial Advisor (Former Employee) Chicago, IL

    ProsGood place to start your career, they provide training and resources. If you have a good manager then you will learn a lot.

    ConsProprietary, be prepared to sell only their products or have your commissions cut. Little to no investment knowledge in this place, only insurance.

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

     

    Starved to death

    Registered Representative (Former Employee) San Ramon, CA

    ProsGreat salespeople in the San Ramon office, training was decent

    ConsThey promised leads that never materialized so it's 100% cold calling; very high turnover same as every other insurance company.

    Advice to Senior ManagementNo point as they don't care

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    NEF AKA MAFG, Metlife puppet co.

    New Business (Former Employee) Minnetonka, MN

    ProsThere are good benefits for salaried employees, as well as the rare part-timer. Very structured and politically correct.

    ConsMany levels of management cause many decisions to be made "by the numbers" and not by logic. People in Boston call the shots for offices all around the country, large and small. Some very unrealistic goals get set on sales people, and experiments with off-shore outsourcing of back-end processing are unfortunate but enduring. Sudden lay-offs happen more than they admit.

    Advice to Senior ManagementGrow some balls.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    Unstable and tough to make money

    Registered Representative (Former Employee) Lake Oswego, OR

    ProsFreedom. You have all the time in the world to build your business how and when you want to.

    ConsPay. If you are okay spending more time in product meetings than trying to make sales, this is the place for you

    Advice to Senior ManagementIt changes so much, you can never get a grasp on what management wants from you.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

     

    Fast pace office working with agents and management to complete & finalize all applications into New Policy's.

    Administrative Assistant (Former Employee) Sandy, UT

    ProsSome of the best reasons to work at New England Financial are: professional and friendly agents, regular updating & training, office manager positive attitude and great work ethic.

    ConsThe only downside I came across was that there were a lot of agents who would quit the agency for better advancement potential.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Lots of showing off, little accomplished

    Marketing Director (Former Employee) New York, NY

    ProsDirector trainings were interesting and fun...plus an excuse to stay in a nice hotel.
    Lots of marketing resources.
    Small agencies allow for greater growth opportunities.
    Decent infrastructure.

    ConsNew York City agency was like being in a bad sitcom. Office politics were crippling the agency when I left.
    Too much bureaucracy.
    Raises were a joke, while upper management ordered feasts to be delivered for themselves every day for lunch.

    Advice to Senior ManagementGive sincere support to the people who are responsible for holding your agency together.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

    4 people found this helpful  

    If you like a busy schedule of worthless internal meetings, micromanagement, & prospecting your friends & family?

    Financial Advisor (Current Employee) San Diego, CA

    ProsHaving a knowledgable personal advisor is a real necessity to many. This career could be very rewarding if you have the right leadership and business plan. Who wouldn't want to possess the tools and skills to help people reach their financial goals? Outside of monetary compensation, that in itself is a rewarding.

    ConsMeeting overload! Your in control of your earning potential, but the firm treats your time like their compensating you for it. Training is a horrible waste of time. No leads! Your expected to bring in everyone you know from your warm market and prospect for new leads on your own. You must generate 10k in sales to the company before you will even see $1 of your commission!

    Advice to Senior ManagementThere needs to be better leaders in management. Also need a better compensation plan for new advisors to start on. It's hard to stay positive and motivated when you can't even pay your bills.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    New Representative opportunity @ New England Financial

    Registered Representative (Former Employee) Woodland Hills, CA

    ProsGood reception area. Central location to the Valley.

    ConsWorking for other reps via splitting commision, pay as you go for office supplies, phone, parking, etc. Poor leads provided (generic), cold calling. Sales meeting overload.

    Advice to Senior ManagementFocus more on providing new reps with existing business.

    No, I would not recommend this company to a friend

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