Nick Contreras (CareerXL)
Region: US
Friday 14 August 2026 05:24:14 GMT
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🫣 :
This is true for northwestern mutual not every wealth management job
2026-08-14 07:30:33
296
theLechugaLord :
This guy obviously does not know true wealth management and RIA work.
2026-08-16 07:28:19
59
Will Farkas :
This can’t be further from the truth it’s hilarious
2026-08-14 21:41:31
79
Abi :
Been in WM for over a year now and have never called a family member.
2026-08-15 00:23:41
5
Longwitch90 :
Actual wealth manager here. Did not happen this way for me 😁 and my clients are extremely happy on average (91 NPS)
2026-08-14 23:16:35
20
DinggAlingDoxie :
Couldn’t be farthest from the truth. Unfollow
2026-08-15 00:47:44
49
Nick Contreras (CareerXL) :
70% leave after 1 year. Look it up.
2026-08-14 05:43:05
16
Coop :
Bro thinks the entire industry is northwestern mutual
2026-08-16 21:53:43
24
vince9272826 :
The industry is definitely bifurcated, these companies do exist however there are plenty that don’t operate like this.
2026-08-14 11:34:43
27
Robert Burke :
For NW Mutual and insurance companies, yes. For traditional wealth management firms, absolutely not
2026-08-17 12:30:31
6
Joseph :
This is incredibly broad and generally untrue. There are plenty of firms and roles that are exactly as you described, but also a lot that are not. Many older advisors already have large books and need younger people to train to eventually take over. Private Wealth especially involves unique portfolio management and actually stock picking. If your job is simply selling financial products you don’t understand to friends and family in your 20s then quit, you are being scammed, but don’t let this guy fool you into thinking it is all the same. - A CFA working in PWM as a portfolio associate on a 2B discretionary book.
2026-08-16 18:00:11
4
timevaluejt ♛ :
You are correct about wealth management is sales… for about the first 2-4 years. You are wrong that its a game about burning all your social capital on relatives and friends. Most people in my office dont work with a single friend or relative, they built their business entirely just dialing and networking. You are wrong about people not trusting you until you have grey hair. You are wrong about it just being allocating money in ETFs. You are wrong about it just being booking meetings for your boss/ manager. There are companies that are a lot like what youre describing and there are companies where it couldnt be more different. I think if youre someone who likes talking to people and want to manage money, its not a bad career path. If you think youre too good to cold call, then yeah do something else.
2026-08-15 04:13:05
5
ent3rtain :
lol. some truth. but reality is not so black and white
2026-08-15 06:48:50
5
jordan :
Nope
2026-09-01 04:19:11
1
jalenm856 :
Great video sheesh. I’ve always thought this and wondered why people were so okay with going into that role. It almost seems like people are really just drawn to the name “wealth management” it’s self because it sounds somewhat prestigious even tho it really isn’t
2026-08-15 01:34:34
2
Ports :
Ehhhhhh kinda.
2026-08-15 03:43:44
4
Kara M B :
Husband did this for Goldman, our friends and family didn’t have the 5 M minimum! He was successful though!
2026-08-16 00:00:47
3
user68167218522 :
Not every company is northwestern mutual buddy😂
2026-08-17 21:50:08
3
realpvo :
Super accurate, I interned in WM and decided to do IB instead for that reason. It’s a sales job not a finance job
2026-08-14 14:07:59
11
testing2134 :
Well said
2026-08-14 06:14:23
4
Gabriel Desmarais :
This is mega true, happened to me, super disapointed
2026-08-21 23:41:05
1
diegocontreras :
cool last name
2026-08-15 06:59:07
3
Govan Sam :
Allocating funds in ETF is a wild statement lol
2026-08-15 02:58:48
3
Cejbent :
What about private wealth management?
2026-08-14 14:19:16
3
Alex cislaru :
True, but for private firms with established teams it’s only referrals based
2026-08-15 01:01:45
4
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