PFSL Investments is a subsidiary of Primerica, North America's largest full-service financial services firm.
Primerica is a publicly listed (NYSE:PRI) financial services firm that focuses on helping middle-income families grow their wealth. Primerica is the largest distributor of financial services in North America (the company has more associates than RBC and CIBC have combined worldwide employees).
Primerica is a member of the prestigious Fortune 1,000.
Primerica is a former subsidiary of Citigroup, with current owners/investors of the company being (but not limited to):
• Royal Bank of Canada (RBC)
• Fidelity Investments
• Goldman Sachs
• Wells Fargo
• AGF Investments
• JP Morgan Chase
• ING
• Manulife
• Bank of America
•.Deutsche Bank
• Great West Life
• Prudential
• Citigroup
• Bank of Montreal (BMO)
• Canadian Pension Plan (CPP) (currently the largest owner of Primerica shares)
Despite being a competitor to many of the above-listed financial organizations, these companies continue to own/invest in Primerica due to the firm's tremendous success over the past decade, maintaining double-digit growth across North America.
Quick Facts About The Company:
Founded: 1977
NYSE Stock Symbol: PRI
Market Cap (CDN): $6.79 billion
2021 Revenue (CDN): $2.7 billion
Current Ratings:
AM Best's Rating:
A+ Superior
Compensation Rating:
A+(4,500+ associates earn $100,000+ on an annual basis, with an additional 8,460+ associates earning between $50,000-$100,000/year)
Certifications Fees:
A+(sponsored Training & Development Program)
Career Opportunities:
A+(two district career paths, including ownership through performance)
GlassDoor.ca Rating:
4.6/5(1,800+ reviews)
Equality Rating:
A+(in 2019, 2020, 2021 & 2022 PFSL was honoured by Forbes Magazine as being one of 'Best Employers for Women AND Diversity') (source)
Fortune 1,000 Member:
Yes(PFSL is the only participating firm holding this accolade) (source)
Types of Opportunities Available:
Full-time, Transitional, Part-time
Careers Canada Overall Rating:
1st Overall(rated by candidates placed by Careers Canada for 3+ years)
Trustworthiness Rating:
Named by Investor's Business Daily (MarktetWatch) as 'America's Most Trustworthy Financial Company' (source)
Better Business Bureau® Rating:
Current Opportunities:
• Helping people save for their retirement through a unique proprietary software program (Top-Rated Opportunity).
• Helping to protect others with Disability and Critical Illness Plans.
• Helping children collect the Canada Education Savings Grant for their future education.
• Helping children and adults living with an impairment collect the $20k Disability Bond and $70k Disability Grant.
• Helping families properly protect their incomes.
• Helping people secure a mortgage.
• Helping people with their Home/Auto insurance.
• Helping people with their Life insurance.
The Opportunity
PFSL Investments represents a unique opportunity for qualified individuals. As an associate with the firm, you are provided with all of the tools to acquire your first professional license in financial services (with the company paying for your courses, provincial exams, and licensing fees - it should be noted that Fanshawe College charges over $8,000 just for the course itself, which does not include the cost of your provincial license - source). The only fee you pay with PFSL Investments is for an industry-manadatory criminal background check ($129) which is fully refundable. After you have obtained your license, you will shadow experienced advisors to learn the details of the business. When you are comfortable, you are permitted to begin working on your own with a local branch office.
The true uniqueness offered by the company is twofold:
1. Ownership is granted to those that qualify. Associates have the opportunity to earn (not buy) full ownership of their own business and/or branch.
-AND-
2. Stock Options are gifted by the company at various levels of achievement (the value of Primerica stock has risen by 16.15% over the past 52 weeks, and over doubled over the past 5 years).
Ownership of your business is what represents true long-term security. Associates decide their own career path. The company is very flexible in allowing their associates to determine how high they would like to climb. Many associates prefer to work with the firm on a part-time or transitional basis, while others have elected to obtain ownership through their chosen career path (full-time). There are many options that are available to those that work with the firm, with the primary focus being on a healthy work/life balance.
Requirements
Candidates must have strong oral and written skills. English is required, with a second language being advantageous.
As PFSL Investments is a financial services firm, provincial securities regulators require all applicants to have a clean criminal record and no current bankruptcies/consumer proposals.
Applicants with pleasant personalities tend to do well with the organization.
Next Step
Your Placement Specialist will introduce your file to a local Hiring Manager. Should they feel that you may be a good fit for the firm and the opportunity being offered, the Hiring Manager will connect with you to setup your interview.
Questions to Ask Your Hiring Manager
When exploring any opportunity in financial services, it is highly recommended that you develop a full understanding the of the opportunity being presented to you. Below are some questions that we strongly suggest you ask your Hiring Manager:
How long does it take to complete all of the training?
Who pays for the training?
If I have to pay for the training, how much does it cost?
What certificates/designations will I receive upon completion of the training?
Will I have an opportunity to shadow others who are successful with the same opportunity?
What are the skills that someone has who is typically successful with this opportunity?
Do I have to quit my job to enter the training program? (This is typically not a requirement)
What is my projected career path over the next 12 months, 24 months and 60 months?
Are there any ongoing costs associated with the opportunity (for example, a desk fee or software fees)?
Does this opportunity offer a healthy work/life balance?
During the exploration phase, may I speak with others who are currently working in the same opportunity?
The Hiring Manager will answer all of your questions. Firms are looking for the best fit for you AND for them.
Communication is key in starting your new opportunity with the best possible chance of obtaining the success you desire.