THIS IS NO PLACE A BROKER WILL WANT TO STAY - Field Advisor AIG Employee Review

This is a captive company. They want to control EVERY aspect of your career. You are only permitted to sell VALIC products and other lines ONLY through their channels. Regardless of how hard you work or what you build, VALIC makes it clear that they OWN your business. One broker I know who was with them for 25 years was terminated. Why? Because VALIC imposed requirements for selling a certain volume of their Variable Annuities and he was unable to accomplish this. It seems he had built his entire business there around selling mutual funds within accounts he developed. These were large accounts and required ongoing servicing, so he did little time to focus ANYTHING else. This was his reward for 25 years of loyal service. In addition, VALIC changes their service forms more often than some people change their underwear. So one is often re-doing work. VALIC does this though to make things as difficult for the client to move their assets elsewhere as they can. So BOTH clients and brokers are left with a bitter taste in their mouth.