David Lerner Associates Reviews

-Very limited product selection -Very low retention rate -Way out of date technology system -Misrepresented the scope of the job -Zero lead generation -Limited potential for growth -Too many restrictions on how to promote yourself -Negative name recognition -Too much hands own control by family -Most of the investment advisors are just glorified salesmen forced to push the flavor of the month investment that may not be suitable to their clients -The old man is too hands on, tries to micromanage everyone. -Tony may be a good salesman and is somewhat fair, but not a good manager of others. Does very little managing and his personality can be harsh and abrasive at times which can rub some the wrong way.

Their turnover rate is 95% + in year 1, if you don't read anything else that should be enough. In business you can't take the philosophy of high turnover to be efficient and sustain in business. One month they hired a number of people of which a fraction gets through the licensing process during the sponsorship phase to see them all quit within the month. In the Boca Raton office, the management demanded a 9-9 Mon-Thurs and 'make yourself available on weekends too' if necessary work week. You may be subjected to harassment as well so be aware of that. Archaic, I mean stone age technology and business model. The training is not good either; it is provided by David's tag-along brother that lost relevance probably 20 yrs ago, focusing primarily on product. No LEADS, NO Marketing, they claim you will make 187K year 2+ thats false just like you will be provided with marketing support also false. The "Benefits" specifically the medical don't kick in until after 5000 out of pocket expenses. The President of the company even stated the firm wasn't making any money to the whole company in an email to everyone.