Risk a few years of your career to find out more - Anonymous employee Legacy FA Employee Review

1.0
1 Jul 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Call Centre employing people with disabilities (gained pro social welfare image) In house training (which can result in frogs-in-a-well syndrome)

Cons

If subscribed to call Centre telemarketers, cost is very high. Results are less than ideal. Mgmt will make you feel that you are incompetent if you feedback its results are not worth the cost. And to be in the good books of CEO and "core group", you better sign up for call Centre telemarketer when asked to. High tax reliefs for employing disabled telemarketers are given to CEO. Agents whom are paying high costs for hiring them gets zero relief. In-house weekly meeting/ training topics are repetitive. Trainers from insurance companies were not shown respect and treated harshly by CEO, in front of everybody in the firm. You may find that impressive first few times but points raised by him wasn't necessary for him to be disrespectful and harsh. Newbies were asked to go inside a room to set their goals so that CEO can paint his side of the story about rumors in the firm. Recently, everyone was asked to give firm a good rating in Glassdoor to average out the poor ratings. Definitely a firm full of vendetta. Talking about the CEO, seemingly a very knowledgeable and experienced leader in the industry. After working in his firm for a few years, he is surely an authoritarian, not leader. Every single activity, initiatives, policies, distribution of leads, commission banding etc has to go through him. If he approves / likes you, you'll be included in certain initiatives with head start benefits. Given better quality orphan leads (filtered by client case size, type of residential address). Poor quality leads are those recycled ones that wasn't met up or uncontactable. This biases also explains why some directors get expedited (unqualified) promotions mentioned in other reviews. The root of these issues as I see it is the culture of this firm, which essentially boils down to whom sets the tone. It is not a place where you work hard, gets good results and get what you deserve. Imagine if a colleague of yours whom put in reasonable effort, results are average and get the same benefits/ banding as you or promote faster than you? That's what I mean. If you are unaffected by all these, please join this firm. When you realize this is a dreadful place, it had only cost you a few years of your career, your renewals (mind you, this firm does not have vesting clause. Please check out this clause if you intend to join an FA.) and probably some clients. Commissions due after you resigned were unclearly low, by the way.

Explore other reviews about Legacy FA

1.0
9 Dec 2025
Recommend
CEO approval
Business outlook

Pros

No need to pay rental for office cubicle

Cons

Many claw back if you never read contract

1.0
27 Mar 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexibility as an advisor to pursue the types of clients you want.

Cons

In my opinion, these are the following: Compliance is a headache. Admin staff are poorly trained and often ask stupid questions. Management is stuck in the past and practices a churning turnover culture. They will fire you once you have exhausted your warm contacts. They will force certain products down advisors' throats and in turn expects it to be forced onto clients. When you are no longer able to generate revenue, you will be "forced" to go. Politics here is more colorful than a circus clown. CEO loves to use scare and intimidation tactics and doesn't know how to speak like a human being. Like Donald Trump says, this CEO lacked common sense. He would resort to screaming and raising his voice to get his way. Highly unprofessional human being. There is nothing much to learn besides selling. A waste of time company if you are looking for longevity. Like the late Warren Buffet says, rat poison squared. If you value your time and life and have a book of clients, you might want to consider somewhere else. This company is a one trick pony. Commission structure is also average.

See reviews by: Helpful|Rating|Date|All