Pros
flexible working time because you are commission only
Cons
no base bay, most FAs make around 20k a year. commissions only mean no matter if you are sick, you want a vacation or you are on parental leave, there is no benefit. Well, there is..... but only if you still have revenue. Where does those revenue comes from? You have to keep selling insurance and annuities. They will let you keep calling their existing clients or friends and family, brining them in, and keep exchanging their current clients' insurance and annuities, a lot FAs don't care what's best for the client, they keep replacing those policies so he can get paid. Even those senior "successful" advisors, they are only make 100k plus, and you can easily get paid that amount anywhere else. For who ever get paid over 100k here, they have been in business as least for 15 years, and that's a low salary comparing to experiance. When you leave, they mail you a collection ticket to collect some money they already paid you. The more revenue you had, the more you have to pay them back, it's ridiculous.