hello all, looking to get some insight on working as an advisor for New York Life. Would love some feedback and insight on working for this firm from someone who isn’t trying to recruit me.

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I work for NYLIFE. Why are you leaving Fidelity if I may ask? What’s your current role? I’m sure you understand that this is a huge change from salary to a commission based. I’d like to understand your reasons so I can guide you better

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So my message doesn’t seem to be going through, so I’ll say it here I started the industry as phone based advisor and I’m currently a leader of Fidelity, I want to get back into production. I don’t want to be back on the phones. I’d rather try the in person route again.

helpful

They tried to recruit me also. Curious as to what questions you asked during the recruitment process. My understanding is that your business is built 100% organically using natural marketing. They don’t offer a BDA, from what I was told, so you’ll have to pay for memberships to chambers of commerce, or professional networks, whatever you can do to get in front of people.

But, if you have a natural market where you live, and a consumer base to buy products from you, then go for it. But if you don’t, like most, it’s going to be tough. I was told that in order to venture into this endeavor, to have 18-24 months of expenses saved, because your income will drastically shift. I was making ~$175k at a firm in Northern NJ, was relocating to DFW and looking for different roles.

Didn’t make sense for me.

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Run do not walk from NYL.

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That’s a valid stance, but missing context

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I’ve been an Agent with NYL for 3 years; no recruiting angle here. I appreciate the company’s stability, financial strength, culture, and reputation. As a mutual, client-owned firm, they focus on long-term relationships, not shareholder pressure. New Hire contracts provide financial support to both new and established agents. Adding cash value insurance for potentially tax-free retirement income & wealth transfer has expanded my practice, and they lead the industry in income annuities. Jump!

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