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Transamerica

Part of Aegon

Is this your company?

PYRAMID SCHEME. Do not work there. - Finance Advisor Transamerica Employee Review

1.0
17 Jan 2024
Recommend
CEO approval
Business outlook

Pros

Only pro is that everything is virtual, so you do not have to go anywhere.

Cons

1. They are set up like a pyramid scheme. After a month or so of “training,” they expect you to go on Linkedin to build your own team of financial advisors. 2. The services offered are limited to confusing life insurance polices, annuities, or mutual funds. 3. They do not pay for you to do your insurance class or the exams I’m pretty sure, but I already had mine completed prior. 4. They have a yearly trip to meet with all of the advisors. I had COVID and expressed that I would not attend. I received great backlash from my “mentor” who said I would be missing out on valuable information.

Explore other reviews about Transamerica

5.0
30 Jun 2026
Recommend
CEO approval
Business outlook

Pros

As a producer, there is unlimited income potential.

Cons

People have to see a need to sit down and talk with you, which can sometimes be discouraging.

2.0
5 Jun 2026
Recommend
CEO approval
Business outlook

Pros

great account management team. Great bosses. pension. decent benefits. managers allow flexibility.

Cons

the account managers are the only ones held accountable. other departments don't answer emails for weeks, don't do their jobs and no one in upper management cares. directly effects account managers so you get yelled at by clients and brokers a lot. don't get paid enough to do the job of the account manager and take on the other departments work.

1
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