Virginia Asset Management - Great internship, fully educate yourself before committing to the career | Glassdoor
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There are newer employer reviews for Virginia Asset Management

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Helpful (6)

"Great internship, fully educate yourself before committing to the career"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Intern - Finance Intern in Midlothian, VA
Former Intern - Finance Intern in Midlothian, VA
Recommends
Neutral Outlook

I worked at Virginia Asset Management as an intern (Less than a year)

Pros

Training is extensive and educational, you will learn a lot about investments, retirement planning, and insurance. Everyone there is great, very friendly and supportive. Even as an intern I could walk into the CEO's office and have an hour long meeting. Office doors are open 95% of the day. Succeeding in this career gives you a tremendously independent life, work-life balance of your choice, and great residual and annual income.

Cons

The career is a commission based pay - the compensation for your first couple of years is supplemented by activity driven stipends. Turn-over is high in this industry for a good reason, it is VERY DIFFICULT to succeed. Do not go into it if you are unwilling to spend a couple years being a die-hard client prospector. During a 10 week internship I saw 5 people come in and go out while I was there. Only one person came in when I did as a full time employee and was still there when I left.

Advice to Management

Work with your broker-dealer to get more attractive compensation packages for the Advisor Development Program. Morgan-Stanley, Merrill Lynch, ING Financial all have you beat as far as base pay which will make it difficult to attract good talent.

Other Employee Reviews for Virginia Asset Management

  1. Helpful (3)

    "Good for established financial advisers going independent, bad for new/trainee advisors"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Midlothian, VA
    Current Employee - Financial Advisor in Midlothian, VA
    Doesn't Recommend

    Pros

    This is a good place to be ONLY if you have an established practice. The health insurance department really has their stuff together and is by far the best arm of this firm.

    Cons

    Their mentoring program is not defined so be careful in pairing with a senior adviser. Also they do a poor job in managing your expectations as a financial adviser regarding cash flow planning for your own practice. Their culture is very much about cold calling....you have been warned.

    Advice to Management

    Get some systems in place for the training program and stop being so nice. You ultimately hurt your new advisers when you let them slide.


  2. Helpful (2)

    "Nice to be part of a local firm when so many major companies are laying people off"

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

    Pros

    Great resources to help new advisors get started - they have hired new managers and staff support. Lots of people available now to help advisors.

    Cons

    Definitely have to work hard in the beginning, but it's totatlly worth it. And even though you have to work hard, you still don't have to work as many hours as investment bankers and stock brokers - you can still have a life.

    Advice to Management

    Would be nice to sponser more seminars and workshops for public to come to office.


There are newer employer reviews for Virginia Asset Management
There are newer employer reviews for Virginia Asset Management

See Most Recent

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