SunAmerica Financial Group

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SunAmerica Financial Group Reviews

Updated October 16, 2014
Updated October 16, 2014
44 Reviews
2.9
44 Reviews
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SunAmerica Financial Group President Stephen A. Maginn
Stephen A. Maginn
5 Ratings

Employee Reviews

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  1.  

    It's almost like you are self employeed with the backing of a large company.

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

    I have been working at SunAmerica Financial Group

    Pros

    Flexible schedule. You are your own boss.

    Cons

    100 % commission, Constantly have to be working if you want to get new clients.

    Advice to ManagementAdvice

    Offer more help with networking.

  2. 2 people found this helpful  

    Don't take the bait and join this company it isn't wise to do so.

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

    I have been working at SunAmerica Financial Group

    Pros

    The clients that you work with are the best, such as firemen, nurses, policemen, school teachers and others in schools, universities and colleges and hospitals.

    Cons

    Regional management, district management and home office are all very sure that we will be able to beat our unrealistic sales goals for the year.

    Advice to ManagementAdvice

    Be realistic and provide some real salary to work from not just a measly training allowance. This will allow financial advisors to focus on working and gathering assets and nothing else.

    Doesn't Recommend
  3.  

    Working with AIG Valic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Advisor in Atlanta, GA
    Former Employee - Financial Advisor in Atlanta, GA

    I worked at SunAmerica Financial Group

    Pros

    Provided client base to work with so decrease the amount of cold prospecting neccessary to increase the client base that was required to succed.

    Cons

    Hawking company annuity product that might/might not be comparable to products in the market and dealing with the AIG collapse and subsequent government buyout.

    Advice to ManagementAdvice

    Provide better products that are comparable to market products. Address the AIG buyout in more timely manner to keep clients happy.

    Doesn't Recommend
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  5. 1 person found this helpful  

    Good people, dysfunctional place to work

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

    I worked at SunAmerica Financial Group

    Pros

    wonderful, genuine people. Good work-life balance. Just on the outskirts of downtown Houston, so don't have to deal with downtown traffic.

    Cons

    Antiquated technology system; people eventually get promoted b/c they've been there awhile, not because they've accomplished something; CEO not providing good direction; running on a super tight budget (even before AIG meltdown)

    Advice to ManagementAdvice

    Do a better job of cultivating individuals who are motivated and who have talent. The "yes" men at senior management levels may cater to the CEO ego, but doesn't help the company succeed in the long run. At least listen to dissenting opinions.

    Doesn't Recommend
  6. 1 person found this helpful  

    Don't get lured by the book of business......

    • Comp & Benefits
    • Career Opportunities
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

    I worked at SunAmerica Financial Group full-time (more than an year)

    Pros

    Completely independent, moderate goals, no micro-management if on plan.
    Decent products and commission structure - until it changed for the worse
    Unlimited income potential - there were/ are advisors making very good incomes
    Lucrative opportunities at the right type of work place
    Good planning/ analysis software available

    Cons

    Commission structure constantly changing
    Not enough marketing/ sales support
    Very competitive marketplace
    Virtually unknown brand
    Very hard to reach out to Prospects/ clients due to local marketing restrictions
    High out of pocket expenses - ie printer toner, giveaway items, gas to drive around to campus
    No local office - my manager was over 100 miles away
    Compliance was a constant headache
    Wholesalers/back office support was worthless
    Loose assigned/protected territories
    Odd training - you are trained on a sales model, but not actually trained on how to present yourself to different COI or drive in new leads/business
    Very little assistance from fellow advisors.
    I felt like I was on an island working completely on my own
    They preach the old "hit the bricks" mentality of gathering prospects and clients, but many times this is ineffective and can get you in trouble with plan administrators
    Paperwork was very bothersome

    Advice to ManagementAdvice

    Open up marketing and branding opportunities.
    Provide more downline marketing on behalf of the agents.

  7.  

    Going through retrenchment after AIG.

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

    I worked at SunAmerica Financial Group

    Pros

    Relatively strong product lines, but pushed proprietary.

    Cons

    Micro-management for sales quotes, changing managers.

    Doesn't Recommend
  8.  

    good company for those want to retire there

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Financial Analyst
    Former Employee - Senior Financial Analyst

    I worked at SunAmerica Financial Group

    Pros

    Workload is light;
    Good education benefit;
    Get the chance to be exposed to variable anauity;
    Quite some good coworkers there;

    Cons

    It very likely that you will stay at your position forever. No strong incentive to work hard, managers do not reward people work hard.

  9.  

    Difficult to stand out. Senior management has no idea who you are.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

    I worked at SunAmerica Financial Group

    Pros

    Good products, name recognition. Phone support is above par.

    Cons

    Promote and bring the the wrong people into management. Experience does not count, hard to go up the ranks.

    Advice to ManagementAdvice

    Don't just look at the generated reports. Visit the field and meet the people that are paying your salary. Positive reinforcement and tactful comments go along way.

    Doesn't Recommend
  10.  

    Hard to figure out compensation

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

    I have been working at SunAmerica Financial Group

    Pros

    Overall core products are good.

    Cons

    Micromanagement. Compensation has changed several times. Not for the better.

    Advice to ManagementAdvice

    Learn to value your sales force.

    Doesn't Recommend
  11. 1 person found this helpful  

    Reward from business users. No sense of team in IT. No skill growth or training.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Software Manager
    Current Employee - Software Manager

    I have been working at SunAmerica Financial Group

    Pros

    Has been stable. Good business users.

    Cons

    No career growth, no team spirit, no traing.

    Advice to ManagementAdvice

    Value staff with possibity of growth and training. Build staff using locale resources. This would benefit the company and staff.

    Doesn't Recommend

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