4.0
Jul 21, 2015
Recommend
CEO approval
Business Outlook
Pros
Principal offers a great deal of flexibility and independence. Advisors are allowed to build their practices largely as they see fit. The comp structure is very competitive and the benefits are very good. This is largely like owning your own financial planning practice with the corporate benefits that come for working with a large institutions.
Cons
The comp structure is good, but it is very complex. It is unnecessarily so in my opinion. The technology, while improving, is significantly deficient when put next to large firms. The technology costs can also be a bit imposing for new employees. Principal offers virtually nothing to its own advisors that is does not wholesale through to the advisors at the wire houses.