Northwestern Mutual Fiduciary? The Shocking Truth

If you get approached by an nm advisor, tread very, very carefully. I truly believe it is systemically difficult to maintain a fiduciary standard at northwestern mutual. After 15 years affiliated with northwestern mutual, financial advisor rick scheeler left the firm this past summer. Nearly a dozen issues had piled up, he says, and they all pointed to one. 9 jan 2025 northwestern mutual is not a financial advisory firm, it is an insurance sales firm.

Imagine thinking working at nwm doesnt violate the fiduciary obligations of a cfp you learned nothing in that program. It has all the typical things in. 12 may 2021 salinger interviews several financial planners who left northwestern mutual (nwm) because they believed the incentive structure and culture at nwm prevented them from being. 23 may 2023 while northwestern mutual financial advisors are not necessarily fiduciaries in the classical sense, they do have a duty to act in the best interests of their clients. It's crucial for clients to understand that advisors may be.