AIG reviews

There are a handful of extremely wealthy agents that put people into a managed money platform they know under performs and IA's with terrible caps. This small group of advisors have huge amounts of contracts under them that they do not service and have never met, but their tenure allows the renewals and enrollment to pay them quite nicely. New agents receive picked over books and eventually leave, when they do, the business is rolled up to the select few. I have seen partnerships that the new person does basic enrollments and the tenured hand picks the clients with assets. Rinse repeat, until you have agents making 24k and the select few making $500k+ and there are no friends in those trenches.

Most of the company hasn’t received raises in 5+ years, management says there’s “no money” but they’re constantly replacing the executive leadership, buying out old contracts and bringing in new people including creating new positions. They have millions to spend on crappy leadership but nothing to invest in the rank and file who actually do the work. It’s a culture of the haves and the have nots; the rules don’t apply to all and if you’re high enough or have friends who are high enough you can get away with anything. They’re constantly laying people off and reorganizing. No group is properly staffed and morale is in the toilet. Leadership holds town halls where they say nothing informative or of any value, questions are planted with pre-scripted answers. They’re constantly asking for our feedback and then nothing ever changes. It’s a toxic environment and culture.