VALIC

  www.valic.com
  www.valic.com

VALIC Reviews

Updated November 17, 2014
Updated November 17, 2014
45 Reviews
3.0
45 Reviews
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Bruce Abrams
15 Ratings

Employee Reviews

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  1.  

    Ee appreciation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Professional in Houston, TX
    Current Employee - Client Service Professional in Houston, TX

    I have been working at VALIC as a contractor (less than an year)

    Pros

    They have quality coaches constantly reviewing calls, helping csp's learn from their mistakes. The managers are nice and get to know your name. Immediate managers get to know you personally.

    Cons

    They have stopped most of the incentives. Job security is questionable. There are many changes that go around around the company (AIG) that feel like we are not a part of. Employees dont feel appreciated.

    Advice to ManagementAdvice

    Give the employees job security. Bring back incentives. And give out raises. . Since there has been a lack of.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    It has been wonderful!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Nash, OK
    Current Employee - Financial Advisor in Nash, OK

    I have been working at VALIC full-time (more than 8 years)

    Pros

    Great job. Clients are handed to you.

    Cons

    Things are constantly changing all the time.

    Advice to ManagementAdvice

    Do not reassign clients to new people.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    With the good comes the bad

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

    I have been working at VALIC full-time (less than an year)

    Pros

    Starting of with a book of business, reasonable performance goals, freedom to manage your time independently, did I mention NO MICROMANAGING! All great ways to come into a Financial Advisor role.

    Cons

    For an individual brand new to a FA role, it's nice to have guidance and training. At Valic you may or may not get that. The training allowance is relatively microscopic, depending on cost of living in your geographical location you'd probably be eating like a broke college student.

    Advice to ManagementAdvice

    Spend more time with new recruits.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5.  

    Excellent culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Edison, NJ
    Current Employee - Financial Advisor in Edison, NJ

    I have been working at VALIC full-time (less than an year)

    Pros

    Unlike other financial service companies, Valic has attainable goals for its advisors and management that actually helps...culture is supportive and chances of success are much better than wirehouses

    Cons

    Although you are given accounts, it still takes time to build rapport...by the time you establish credibility, the pay scale does down to zero and you must find a way to survive on residual commissions until you close enough to pay the bills, but again, compared to a wirehouse, the odds of success with hard work are much greater

    Advice to ManagementAdvice

    As much hands on with new employees as you can

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Annuity sales job

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

    I worked at VALIC as a contractor (more than an year)

    Pros

    A book of business and some comp for one year.

    Cons

    This company is a recipie for disaster. You will do a financial plan to add to the manager's numbers and to push proprietary annuities on poor unsuspecting clients that has a surrender period of five years. VFA is a joke. The current VP has made a self fulfilling rule to push only SunAmerca Funds on clients through VFA. The turn over is very high and the typical client has had 7-10 advisors.

    Advice to ManagementAdvice

    Senior management seems to be just biding their time and have no interest in up lifting the company.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    The Pro and Cons of VALIC.

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

    I have been working at VALIC (more than 3 years)

    Pros

    Great opportunity to make good money in a flexible environment. Opportunities for advancement exist and there is bonus potential for top salespeople. The position offers a nice work/life balance.

    Cons

    Lack of internal communication is problematic. The training could be better and the sales support is lacking in areas such as paperwork processing and preparation, licensing, etc.

    Recommends
    Neutral Outlook
  8. 1 person found this helpful  

    Fulfilling for many years.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Las Vegas, NV
    Former Employee - Financial Advisor in Las Vegas, NV

    I worked at VALIC full-time (more than 10 years)

    Pros

    One of the best company products to help clients meet financial retirement needs. Training and product support above average.

    Cons

    Lowering commissions in industry for work that is done. Company lost its way to maximize profits at the regional level. Regional managements style geared to benefit regional vice presidents and not to client and then advisor.

    Advice to ManagementAdvice

    In fifteen years the need for growth at the company penalized the advisor. Home office allowed some regional vice presidents manage more to benefit themselves and not care of client and clients advisor.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Stay away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Tampa, FL
    Former Employee - Financial Advisor in Tampa, FL

    I worked at VALIC full-time (more than 10 years)

    Pros

    Not having to cold call by working in groups like hospital, schools or universities

    Cons

    Management care more about their pockets than what's best for clients. They tried to get me to sell things that were not in the clients best interest. If you are not kissing the managers behinds than good luck. Commissions got so low it's a wonder how anyone stays there. Can't leave with your book of business so either you plan to stay for life or will have to start over again when you leave.

    Advice to ManagementAdvice

    Stop acting and thinking you are better than everyone else. Stop being selfish.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    Dishonest work environment - manager will say one thing, then do another.

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

    I worked at VALIC full-time (more than 5 years)

    Pros

    Some of the coworkers were nice, honest and hardworking. Unfortunately, most have left due to the unethical actions of the "power players" in the office.
    It was a pro to get to work with teachers and hospital employees, as these service-oriented people are very upstanding and deserving a excellent financial services.

    Cons

    A few of the representatives who had some fortunate "connections" were buddies with management and used their friendship to steal business from the more ethical people in the office.
    One sales person in particular talked a LOT about his religious faith and would offer to pray for those who were struggling, yet would steal their accounts out from under them.

    Advice to ManagementAdvice

    The customer service center is very unprofessional and not timely in following through on promises to clients.

    Doesn't Recommend
    Negative Outlook
  11. 1 person found this helpful  

    Good Luck

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Miami, FL
    Former Employee - Financial Advisor in Miami, FL

    I worked at VALIC full-time (less than an year)

    Pros

    Benefits, all brochures and client handouts are given to you free of charge, E&O is paid , freedom of schedule and don't have to report to an office every day.

    Cons

    You are told that your income is "limitless" as it is a commission based business but you give 2/3 of the commissions to the company and they have set the bar so high you are unlikely to ever make more. Likely salary in year one , less than 35K. You are also told you will be given a "book of business" but it's an old list of generally dissatisfied clients who have had 6 or 7 other advisors before you and has been churned and sold any possible product. There is nothing left to do with them but fill out administrative forms and you are paid ZERO on that. You run around and drive to all the schools ( no gas expense) and are expected to sit in teachers lounges and jump on them when they come by to sell them an annuity. Most of the teachers are low salary and most already have accounts. You are expected to convince them to transfer over those other accounts when they've had a relationship with another advisor at another company for 15 years. Good Luck !

    Advice to ManagementAdvice

    Tell the truth, pay the reps

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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