Does Anyone Know Of New England Financial Group?

StrictlyIndependent · 10-25-2009, 08:59 PM

I was contacted by a recruiter from a local office of theirs and asked to come in for an interiew. He mentioned that they were "A Metlife Compnay". Anyone know something good/bad.....company culture, etc?

Thank you

cwittusen · 10-25-2009, 09:43 PM

Originally Posted by StrictlyIndependent

I was contacted by a recruiter from a local office of theirs and asked to come in for an interiew. He mentioned that they were "A Metlife Compnay". Anyone know something good/bad.....company culture, etc?

Thank you

My wife and I interviewed with them here in Florida and they seemed to have everything laid up very nicely; however, at the end we ended up deciding to do this on our own. However, NEF was very nice and would have been our option if it hadn't been for the fact that Metlife actually closed their office in Palm Beach and Boca because Metlife felt it was better to pull in everything to their main office in Ft. Lauderdale.

/Chris

StrictlyIndependent · 10-25-2009, 10:15 PM

Sounds good, thank you for the info.

xrac · 10-25-2009, 11:24 PM

NEFG is now owned by Metlife. Historically they have catered to a higher networth clientele than Metlife. They are also stronger in investments and money under management.

StrictlyIndependent · 10-26-2009, 12:02 AM

Originally Posted by xrac

NEFG is now owned by Metlife. Historically they have catered to as higher new worth clientele than Metlife. They are also stronger in investments and money under management.

Thanks, do you know anything about their training program?

maksim · 10-26-2009, 02:31 PM

Good payouts first few years, then drops down to about 50%.

Requirements are very easy under the inexperienced FA role.

I have 2 guys I trained at UBS that failed out and went to New England/Met Life and are doing fairly well there.

StrictlyIndependent · 10-26-2009, 08:00 PM

Does anyone know if they push met products hardcore or are totaly open to brokering the business out? I heard if you want the salary they only give you a 10% payout.

Debating if I should just cancel the appointment.

maksim · 10-26-2009, 08:06 PM

Where are you located?

First of all, its not a salary. Just money they give you first few years during your training.

Obviously, they do encourage you to use Met Products. They dont tell you you cant use others, but your compensation is tied directly to using Met Products.

I have a copy of the grid if you really want.

I would go check they out, go there with open ears, and dont be afraid of asking as many questions as you can/want.

arnguy · 10-26-2009, 08:10 PM

An excellent compnay. I worked for them many years ago before they were absorbed by MetLife.

StrictlyIndependent · 10-26-2009, 10:15 PM

Originally Posted by maksim

where are you located?

First of all, its not a salary. Just money they give you first few years during your training.

Obviously, they do encourage you to use Met Products. They dont tell you you cant use others, but your compensation is tied directly to using Met Products. I have a copy of the grid if you really want.

I would go check they out, go there with open ears, and dont be afraid of asking as many questions as you can/want.

I've been told told that MM products are better than Metlife's but from what I've seen: Metlife is less expensive and Met is twice the size of MM and more profitable. What gives?
- - - - - - - - - - - - - - - - - -

Originally Posted by maksim

where are you located?

First of all, its not a salary. Just money they give you first few years during your training.

Obviously, they do encourage you to use Met Products. They dont tell you you cant use others, but your compensation is tied directly to using Met Products. I have a copy of the grid if you really want.

I would go check they out, go there with open ears, and dont be afraid of asking as many questions as you can/want.

Sure if you don't mind I'd like to see the grid. Thanks

maksim · 10-27-2009, 02:30 AM

Mass is a stronger company, but products are a bit more expensive, but that is the price you pay for stability. some people it is worth for, for some, no.

somarco · 10-27-2009, 09:21 AM

Mass is still a mutual company and I believe Met demutualized to become a stock company several years ago. Kind of lost track of the traditional life side, but did not know New England (formerly New England Mutual) was now part of Met.

Mass absorbed the "blue chip company" a few years ago. MONY is now part of AXA which also bought (or morphed into) the former Equitable.

blaze1x · 11-13-2009, 07:35 PM

I just got back from a New England Financial interview and I don't know why everybody seems to be pretty impressed with them. Before I can get hired, of course I have to do the assessment, but after that I have to bring them four clients before I become salaried. They also pushed the warm market pretty hard. My question is if I had a warm market, why would I need them? If I can get the bodies (leads) any product I push will offer all the training and product knowledge I could use. So why would I go with them?

BNTRS · 11-13-2009, 07:52 PM

It's all relative, where else are you looking? Where are you working now?

They aren't bad, but there are better companies.

somarco · 11-13-2009, 07:56 PM

Every agency is different. Most will push warm market because if you do it right it is easier to start out that way.