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SunAmerica Financial Group Reviews

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  1. Helpful (2)

    "Worst place I have ever worked."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisor in Detroit, MI
    Current Employee - Advisor in Detroit, MI
    Doesn't Recommend

    Pros

    book of business, health insurance and contribution to 401K

    Cons

    Management is all creates business plans out of numbers dropping out of sky. Expectation is to sit in school lunch rooms 3 hours a day be at the school at 7 am to walk around and interrupt people who are getting ready for work day to start and be at school as class ends. This cost you money as you are to buy give a ways to get people to talk to you. In addition you are required to prepare run and follow up on 15 apts that you drive too, call 50 people at about 15 minutes a call. Free work for schools while without help servicing 500 or more clients with needs. The call center that is there to help creates more work as they mess up client requests and then send letters to client to have the client call you upset. It would be faster and more professional for valic to call the advisor who can help the client but they don't. They send confusing letters that upset the client so the client needs you to drive back out to there house and try to solve it again and again and again. You do this repeatedly for free. They you sit through Friday meeting that focus on negativity and tell all advisers they need to do more. Just spend more time in the schools and it will solve all problems. The computers and software valic uses is ridiculous very time wasting and the company does not care advisers time it free to the company so they have no interest in helping you be productive. Management will call you in for a meeting 8 am the next morning just because they want to talk. On an instance notice you have to reschedule your appointment for the day, You get there and they boss who called you in is too busy to talk so you wait and then the meeting gets rescheduled. You send emails to your boss about important matters but they can't be bothered to answer. If you don't answer an email from the boss within 24 hours you get to waste another day called in for face to face meeting.

    Advice to Management

    Wake up the company is not going to be viable after a few more years of this short term thinking. They company is not interested in taking care of current clients only on bringing in new money with advisers needed to bring in $375,000 every 45 days or get fired. New school employees are a even though they will all have an ING accounts Clients and money is leaving the company at record levels. How long can this last??


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

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

    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 Management

    Offer more help with networking.

  3. Helpful (2)

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

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Chicago, IL
    Current Employee - Financial Advisor in Chicago, IL
    Doesn't Recommend

    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 Management

    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.


  4. "Working with AIG Valic"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Atlanta, GA
    Former Employee - Financial Advisor in Atlanta, GA
    Doesn't Recommend

    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 Management

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


  5. Helpful (1)

    "Good people, dysfunctional place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend

    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 Management

    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.


  6. Helpful (1)

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

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

    I worked at SunAmerica Financial Group full-time (More than a 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 Management

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


  7. "Going through retrenchment after AIG."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Relatively strong product lines, but pushed proprietary.

    Cons

    Micro-management for sales quotes, changing managers.

  8. "good company for those want to retire there"

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

    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."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor
    Doesn't Recommend

    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 Management

    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.


  10. "Hard to figure out compensation"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Overall core products are good.

    Cons

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

    Advice to Management

    Learn to value your sales force.


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