financial representative

receptionist/administrative assistant

financial coach

financial advisor

entrepreneur

Transamerica Financial Advisors, Inc

Transamerica is a good company but a company is only as good as the office you are working out of. 
If you want to do securities, you have to be signed up for both the insurance side and securities side; there are opportunities for people who want to do both.

However, this office is focused more on insurance. Very few know about the security side.  So if you are looking to develop your skills or have office support on the security side, there is a lack in this area. 

There are benefits to being "Independent." But the support structure seems disorganized and departments seem to not have coordinated data base. You are left to calling different numbers who transfer you to different departments with long wait periods.   
 Processing paperwork, which takes only a few days at other companies, takes weeks with miscommunication and misinformation, sometimes without receiving email replies or call backs; other companies have had similar experiences. Sometimes you will get a really helpful and knowledgeable person which is  great, but often the reps I got in contact with were rude and seemed angry and unhappy.  Maybe it was a coincidence and people can have a bad day, but it did not help me with what I needed to work.  

The top manager seems more concerned about insurance sales rather than the clients' best interest.  Very moody. Difficult to ask questions for learning purposes and helping the clients if it goes against breaking the sale.  They pay lip service that the client is first but sales practices and getting paid or winning a competition are the top priorities.  To achieve these are sometimes conducted under direct threatening comments.
Negative, threatening, and restrictive work environment unless you do not question sales practices and follow everything you are told. Disparaging personal comments are freely given.

Information provided to you is not fully transparent but geared towards the sale.  If you are a new person in the industry or new to company procedures, you would be unaware of these practices, or not trained to put your client first but more towards how to close the sale.  There is nothing wrong in receiving a high commission or bonus, or learning an efficient sales practice, but there are some ethical considerations that must be in the mix.
 
A positive is you can work remotely and some colleagues are helpful.  Transamerica as a company is well-known which passes the hurdle of name recognition and it has competitive products.
Most positions are commissioned-based and you pay for many office item needs.
Weigh the pros and cons. 
The situation is a fit for some people, but may not be what you are looking for.  Many have left and have gone to other companies in the same industry; it was the office and how it was being run that they were leaving, not the industry. Often you wouldn't know the "personality" of the office and their practices until you begin to work there.
 When being interviewed, ask for names of people you can talk to who have worked there for less than a year, 3 year or 5-years.  This will give you some idea of what you might be walking into.  If the office won't allow it, that might be a telling sign of the prevailing work culture.

Typical day at work would be to call businesses and ask for the manager on duty, take the name of the person who answered the phone, the manager on duty's name, and then if he or she is not the hiring manager, get the hiring manager's name. Then call them back two days later and invite them to either a one on one interview or to the Corporate Overview. I learned that people are looking for hope, wishing to find it anywhere where the people are friendly and professional. Management appears to want to help you. However, if you don't have a good "warm market" they tend to distance themselves from you instead of training you so that you can act autonomously. Co-workers did not do a good job at getting to know me, understand where I am coming from. Instead, they tend to stay in the clicks that have already been established. The new people are essentially left to create their own group. The hardest part of the job was watching the facade tumble down before my eyes. At Convention, I realized that my leaders aren't really concerned about helping me get my business off the ground as they are about winning trophies. They translate winning trophies and contests with helping people. They get paid amazing amounts of money by the companies they represent. Why do they need the trophies? The most enjoyable part of the job was the associations I made with some of the newer members of the team. I'm sorry I felt I had to leave at this time, but I wasn't bringing in any money, and the "help" I was expecting wasn't really there. I was helping myself, but I was also losing who I am in the process.

In this job you need to develop a client base for people with insurance and investments (financial advisory). Unlike most jobs in the industry, you can work with 100s of companies instead of just the company you work for (and compensation is not reduced). However, working on full commission is difficult. Especially when you are in charge of doing everything. That means you call/ meet clients to book appointments, meet face to face to offer financial consultations, and make recommendations based on clients needs. This is the hardest part of the job because you need to do everything you can to meet people interested in doing insurance/ investment business with you. The plus side of this is that if you can build and maintain a big enough client base, their is a lot of potential compensation.

The best part of the job by far is the co-workers. The team of people I work with are brilliant and hardworking. They are very helpful in giving advice and assisting with sales. They are very much so team oriented. This allows you to work with others who are licensed to do something that you can't do. Management is also great and there for you whenever you need it.

If you like working in this field than this is a much better position than any company can offer because you are independent. It's just like I tell my clients... "I work FOR YOU not for some insurance company, therefore I will spend my due diligence in finding the perfect product for you."

Typical day at work includes answering inbound calls from the fields representatives who actively sell Transamerica Life insurance products which include Whole Life, Indexed Universal Life and Term products.

I've learned the mechanics of life insurance and how to give sales concepts to our representatives in the field who help service potential clients.

In addition I attend sales meetings, team meetings and one on one meetings with the Regional Vice Presidents and set up one on one training for the field representatives with the help of the Hybrid wholesalers.

The workplace culture is very positive, encouraging, uplifting and sensitive to the employee's individual circumstances.

One of the challenges I face in my current position is dealing with multiple personalities, temperaments and attitudes coming from those I service.

The most enjoyable part in my position is being able to assistance the field representatives with potential clients as they help families prepare for their future financial needs. 



The job itself is rewarding knowing that a client will have life insurance and protection for their families. The company itself is a well-known company, growing, and competitive. 

Typical day consisted 8 - 9 hours sitting and verifying forms using two screens and multiple programs. Often worked mandatory overtime. Hardest part of the job is keeping the quality up and the amount of policies needed per hour and be consistent in quality. I believe quality is much more important than "speed", but do understand that getting the policies out the door in a timely fashion is needed.

Sitting all day and looking at the screens all day caused some physical pain - eye strain and few aches and pains in the back and the neck. 

I would like to stay at this company; however, the stress of getting multiple policies "out" causes quite a bit of stress. I would like to have a job that allows one to walk around and be more in contact with people face to face via computer. I miss the "personal touch".

Although I am new as an agent to TFA, our office is smaller than some and getting proper training from your upline is a bit challenging at times. You'll need to work around your SMD's schedule as they are writing business and doing annual reviews to keep them busy. Team building is almost more important than personal pen when it comes to advancing and being compensated.  It's a good position if you like sales and cold calling on people.  Unfortunately, you start from zero dollars and must build your clientele quickly if you are to make it in this industry unless one is doing this part-time. There are training classes once per week but when you have different recruits in different stages of licensing, it can be problematic. Some of this can be attributed to growing pains and stretching the BOM out too far. Just be prepared to be patient in reaping the rewards of your efforts.

Calling a warm market with a near only referal market to meet for one on one financial planning at no hourly cost or minimum net worth. Learning financial concepts that you can apply to everyday life was what turned my family's life around. The office is full of people who like to play hard and work hard so off-time is very fun with the group and go-time is very serious mission accomplishmnet. At any given time I can get in a conversation with someone who can answer questions and help whatever issue arises. The leadership is incredible and very much caring about your success. Being on the phone is my hardest part, feeling like a tele-marketer even though they want to hear from you. Best part is seeing your clients develope from before meeting you through time working with you, growing.

I love what I do, and that is, meeting with people, and engaging them in conversations, that enables them, to either see a new idea, or adopt a new solution to their situation. 

Whether dealing with high net worth clients or middle market segments  - this always holds true; 
There is nothing more fascinating then having people finding clarity just by being  listened to. 

While others might find it as a challenge, I find it to be a natural enjoyment, hence, I never consider my work as "work". The biggest investment in life is investing in people: I find this not only to be the  right approach to conducting business, but also a proven  spiritual,and materialistic profitable attitude.

It's not worth working for a company that has no job growth, as they are entirely focused on people getting licenses to make sales. Was lured in for an office position, only to be a trap, and was pushed to study and get a license instead. The manager and the financial advisor are a bunch of frauds who are very unprofessional and often micromanage and berate their employees to the point the workplace becomes toxic, and the turnover rate is high. Was also promised that we would get health benefits, 401k, and a raise after the probationary period, only to be a lie. So if you want to work for a company with the most disorganized and unprofessional brass management, this is the workplace for you. 

TFA and its sister WFG make a compelling business to work for. You can start part time, work at your own pace, and eventually make it whatever you want it to be. There are many people making a lot of money who have been in it for a while, and there are others just starting and using it for a few extra dollars.

Keep in mind there are fees for licenses and insurance so it is possible to get ahead of yourself if you haven't brought in the business to support it yet. 

It is 100% commission and residual income, so you have to keep at it. The culture of the company is to always try and do more and be prepared to encourage others to join your team. It's a good company for the right type of person.

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