NF
Not F

1 reviews | Active since Sept 2016

22 May 2020, 15:14

Do Not become a Liberty Financial Advisor

Afew years ago I made the worst decision of my career, I signed a contract to become a Liberty Financial Advisor in Bruma. Having spent years of my life working in an 8 to 5 job with a stable salary, I cancelled my pension and thought I could live off my pension for a few months to make ends meet asa nice financial advisor. The managers signing up the naive rookie advisors made this sort of work very easy and doable and attractive. After 1 month of training which I had to pay for myself, plus 6 months later of having received no salary I had managed to signed up 5 clients. I had scanned the original signed documents to Liberty Storage sites for access for any other financial advisor to review. I resigned in December, and of the 5 clients I had signed up with Liberty, 4 of them had cancelled.

My total biggest salary in the whole 6 months I was with Liberty came to R4,000 something. When signing up as a liberty financial advisor, the recruiters make the position more attractive by saying you will be given 90% commission on sales upfront. Other financial advisors from other companies like Miway or Discovery all get so excited about this they also start joining the liberty team. Little do they know about the expensive medical aids that is compulsory, not optional, or the other security and parking and admin fees that are sucking at your 90% commission. Leaving you with little to survive on. Four clients that I had signed up had all cancelled at personal costs to me - my own petrol, phone calls, printing costs. The 90% commision doesnt cover all the costs I had to make to secure the 4 clients. That job was a waste of 6 months. Months later Liberty handed me over to debt collectors to recover the 90% commision that I had tried to make for Liberty. I am sitting with a debt of over R20,000. Liberty debt collectors is asking me for money I did not even receive that went towards parking, admin, security and an expensive medical aid that I didnt even use or want??? Years of working in a finance environment plus a stable salary, with a clear credit record, one bad reckless decision of signing a contract to become a financial advisor with Liberty has resulted in me facing blacklisting and warning other people who see this review to never ever sign a contract to become a financial advisor with Liberty. They are ****** who make money from the innocence and naivety of others who are trying to make it in life :(

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Replies (1)
NF
Not F's update22 May 2020, 15:34
Reviewer Update
Good Day Naome

If you had read the review above properly you would note the frustrations are not aimed at a single broker, but at the recruiters of financial advisors in Liberty Bruma. The contract that was signed and the whole thought of doing something for free and not receiving much compensation for it and when the sales get cancelled, being blacklisted for an amount of money you could not even smell while working there for 6 months.... Liberty Sies