Pros
If you don't care about clients you can make a lot of money.
Cons
Being a financial advisor at Valic means that you work to make your manager look better on his or her corporate "scorecard." The last thing on the company's mind is the performance of client accounts. They even have a managed money platform (GPS) that the client pays an additional fee for and management says the program isn't "designed for better performance." It is a simple target date type investment that the client pays outrageous fees for. All Valic cares about is that their "advisors" enroll as many people as possible and bring in as many new assets as possible. If you are already a financial advisor at a firm don't get sucked into this 403b scam that takes advantage of unsophisticated investors (mainly teachers). Valic is horrible for the clients they serve and if you bring up how badly the investments perform you are immediately told that your job isn't managing money for the client it is enrolling new ones. If Valic clients really knew what goes on there they would run for the hills.
