SCAM - Do Not Fall For This. Run Away. - Financial Advisor New York Life Employee Review

1.0
Sep 24, 2016
Recommend
CEO approval
Business Outlook

Pros

Free cheap pizza on Fridays... sometimes.

Cons

Hard to keep a straight face while pretending to take anyone in this organization seriously. Being forced to deal with the fact that your career is dependent upon people who pretend to be Financial Advisors but can't even pass the Series 6 on the first try, much less the 7. Having to keep your mouth shut about public disclosures on google and brokercheck.org that management blatently lies about to clients, prospects and employees including bankruptcies, fraud charges involving former mayors of Atlanta, FINRA licenses that don't exist, etc. Having to look at yourself in the mirror after pretending all day that an Insurance license qualifies anyone to give advice on retirement planning. Keeping yourself from breaking out in hysterical laughter in meetings led by people with extremely low IQs who talk down to you.

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New York Life Response
9y
Thank you for taking the time to share your feedback. We would like to get more information about your comments. If you are willing to provide more details, please contact us via our Ethics Hotline at (888) 331-0619 or via our website at: https://secure.ethicspoint.com/domain/media/en/gui/23192/index.html. Both the hotline and the website are anonymous.

Explore other reviews about New York Life

5.0
Jun 3, 2026
Recommend
CEO approval
Business Outlook

Pros

Great brand with high levels of training and support. Good work-life balance and supportive managers who don't micromanage. Benefits include good pay, decent PTO, tuition reimbursement, bonuses. Agents enjoy full autonomy over their schedule, the ability to work with clients they choose, and untapped commission potential. Training is strong, with clear advancement paths toward financial advisor and management roles.

Cons

Commission-only structure. Agents must generate their own leads with no real structure to daily activities.

5.0
Oct 9, 2015
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

Cons

You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

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New York Life Response
9y
Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.
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