Is Capital World Financial an Employment Scam? How much can I expect to make as a Financial Advisor?

Stylo: Is Capital World Financial an Employment Scam? How much can I expect to make as a Financial Advisor?
I’m a new grad. This is what I know. They hire only 6-8 new advisors a year. They expect a lot of working hours which I am ready and willing to do. My question is this – will I get paid adequately for my time spent? Why are they only hiring 6-8 advisors a year is this a scam?

Answers and Views:

Answer by Bellator K
As a new grad you have some advantages and some disadvantages. You have time to your advantage and the ability to take on risk. Starting early means you have more time to succeed. There is an element of risk in this field since not everyone will be successful. To have a greater chance of success you need a company that is willing to teach and provide adequate support. Biggest disadvantage I would say is that most new grads are inexperienced. What you have to do is work and ask more questions and you’ll be fine.

Answer by Gods Messenger 29
Capital World Financial is a great company and yes just like anything else it’s hard to make $ 100,000 a year. But if your willing to put in the work it’s just almost guaranteed that you will make it… They pay for your training and they have people dedicated towards your success. I am a former financial advisor at Capital World Financial and have nothing but positive experiences. Leaving them was a personal decision and til this day I’ve been able to incorporate what I’ve learned from them towards my current career. If you work hard and is prepared to listen I highly recommend challenging and expanding yourself as a Financial Advisor at Capital World Financial.

Answer by Spencer Johnson MD 56
Well, the term “financial advisor” can mean any one of many things, but I’ll assume you are referring to a financial planner or investment advisor. Compensation for these is comparable to that of physicians. Rarely does a truly successful advisor make an income of less than six figures, $ 150k-$ 300k being about the norm. There are many highly successful advisors with annual incomes in the high six and even seven-figure range.

If the company was a hiring scam they would probably try to hire more than 6-8 new advisors a year. Hiring only 6-8 new advisors a year just wouldn’t make sense if they were a scamming company.

This is what I found of them. Take a Look.