| Investment Operations Manager |
The overall business outlook for this company is grim. The morale is
so
low in the Portland office, that just about everyone is looking for a
new job--and would be gone except that Oregon has such a bad job market
right now. The basic attitude is "I'm stuck now but will be gone as
soon as possible". I see the strengths with NMFN as-well I see no
strenghts. The reps are treated like naughty children that are always
in trouble. New reps are required to go to "client builder" meetings
where management then beats them down. Public humiliation and
intimidation are the norms. Tears are not an uncommon sight after
these
monthly meetings. The lines that are fed to people interviewing-don't
believe anything! The numbers do not add up--they can't. There are so
many hidden costs and there is no training. The favorite saying of the
MP was "keep them stupid"--unless you are willing to work on your own
training don't except anything from the company. The MP, and the
trainers are failed reps-they just had the good fortune of getting into
management and on top of their commissions they get a paycheck from the
company. They cannot teach you to sell. They haven't mastered it
themselves. There could be joint work possibilities-but be prepared to
split the commission--even if the veteran rep did nothing other than
talk to you about the case. This is an insurance company first and
foremost-the securities side is even worse. New reps are required to
split all commissions 50/50 with the investment specialist-even if that
person never met with the client. The new PPA software that has
recently
been released-scared me so much I started looking for a new job. The
software directs all investments to Russell Funds and Mason Street
Funds
(companies that are owned by NMFN). There are lawsuits across the
country--do not go to work for NMFN until the management in Wisconsin
is
replaced and the company is back on its feet. There are many good,
honest, hardworking people working for this company and they are just
getting beat down by management. When the management changes and new
people are introduced into the company and they start running it like a
company and not a college fraternity-then go work for the network--
until
then stay away--
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