Monday, November 29, 2010

WARNING: JNP Financial Advisers

For those thinking of joining this IFA, please be warned about what they are not telling you.

No politics? Think again.
They are constantly having politics with the managers trying to score points to the director/Boss. If you are not following him around like little mice, you will never be able to climb up the ladder and will forever be stuck at entry level.

Earn lots of money?
If you joined them many years ago, you would have bonuses. Unfortunately if you are joining now, you will not be entitled to having any bonuses. Meaning you will have to work extra hard for the same amount of money compared to other advisers within the same company or even within the entire industry.

Recruit or be deemed unappreciative and ungrateful.
When you enter and after a few months are not helping with their recruitment, you would be labelled as "ungrateful" and "unappreciative" towards all the care and concern given to you.

The Boss is above your family and partner (husband/wife/girlfriend/boyfriend)
Ask around and you might be able to find out that many relationships have been torn apart because the Boss is unhappy and bias about certain things within the relationship. Example: you are concentrating too much and not churning in the money for him. Means that you are selfish if you want to spend normal time with your family and not thinking about the organisation.

Smooth exit strategy?
All your commissions will be held by him and you will not be able to get a single cent from all your clients ever again if you choose to step on his toes.
You will be considered Sacked by him even though you choose to resign.

High performance, if not YOU'RE FIRED!
The Boss proudly boasts of firing over 100 ex-advisers and it is alway about them and never about him or his organisation. Because everyone knows that they are just PERFECT.

Talk to any ex-adviser and you will be in big trouble
Because they have something to hide, you cannot talk to anyone that has left the company. If you do, you will be warned and subsequently labelled an ungrateful person. It is really he does not want the things that conspired to tarnish their "good and noble name". But if you want to know the truth, this is the only way you can. Instead of hearing from people that are placed there to recruit you and give you false hopes, be more discerning, be fair to yourself. Hear both sides of the story.

This is part 1 of a 3 part series to warn others that intend to join this company to at least talk to their ex-advisers first and find out the reason they and many others leave this organisation before you even sign on the dotted line.