Northwestern Mutual aims to add 15 financial representatives and 20 financial representative interns this year in Colorado Springs. The effort is part of Northwestern Mutual’s nationwide goal to recruit a record-setting 6,400 financial professionals in 2014.
Northwestern Mutual is actively growing its field force to keep pace with growing demand locally for financial security guidance, products and services. Local demand reflects the need nationwide, with research showing 63 percent of Americans believe their overall financial planning needs improvement and half have no plan in place, according to the 2013 Planning and Progress Study.
“Achieving financial security starts with a plan that’s unique to you, and we’re seeing a growing need in Colorado Springs and nationwide from individuals wanting to get their plan in place,” said Kevin Kaveney, managing director of Northwestern Mutual – Colorado Springs. “Our recruiting efforts help us grow to meet that demand.”
Northwestern Mutual expects more than half of new financial representatives in 2014 will be “career changers” – professionals who believe they have reached the ceiling in their current occupation and are looking for an opportunity to grow.
“Especially today, you can’t underestimate the need for personal financial guidance, and for those with the right experience, now is an ideal time to pursue a career in financial planning,” said Kaveney. “Our commitment to helping people realize their goals motivates new financial representatives, and it’s that dedication our clients count on.”
Northwestern Mutual was one of the “World’s Most Admired” life insurance companies in 2013, according to FORTUNE® magazine. Its financial representatives are some of the most satisfied in the industry, according to J.D. Power and Associates’ 2013 U.S. Financial Advisor Satisfaction Study.
Northwestern Mutual was also recognized in Training Magazine’s “Training Top 125″ as having one of the best training and development programs in the country in February 2013, was awarded highest financial strength ratings to any life insurer by all four of the major credit rating agencies: A.M. Best Company, A++ (highest) April 2013; Fitch Ratings, AAA (highest), January 2014; Moody’s Investors Service AAA (highest), July 2013; and Standard & Poor’s AA+ (second highest), June 2013.