Full-Time
Associate Financial Representative
Northwestern Mutual
10,001+ employees
Mutual insurance and financial planning
Compensation Overview
$10k - $15k/mo
Company Historically Provides H1B Sponsorship
Milwaukee, WI, USA
In Person
 Finance & Banking (1) |
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- The incumbent must be contracted as an Associate Financial Representative and complete the appropriate registration requirements.
- Series 6 and Series 63 registration are required in applicable states for work with variable annuities, variable life insurance, and mutual funds.
- Series 7 registration is required for work with equities, fixed income, options, brokered certificates of deposit, and U.S. Treasuries.
- Series 65 or Series 66 registration is required.
- The employee must be licensed in health and life insurance or obtain the licensing within six months of employment.
- An Associate Financial Representative contract is required.
- The employee must demonstrate the ability to maintain effective working relationships with clients.
- The employee must have excellent oral and written communication skills.
- The employee must be able to practice active listening and communicate directly.
- The employee must have strong attention to detail and the ability to work with a high degree of accuracy.
- The employee must be able to manage multiple diverse projects and assignments in a timely and quality manner.
- The employee must be willing to learn.
- The employee must be able to embrace change and work in a fast-paced environment.
- The employee must be able to work independently and on a team.
- The employee must be able to maintain confidentiality.
- The employee must have or obtain one or more of the following insurance designations: Chartered Life Underwriter, Chartered Financial Consultant, Certified Long-Term Care, or Certified Financial Planner.
- Obtain necessary information and specific instructions from the financial advisor for input into the PX system.
- Open PX files and provide required input for all sections and modules.
- Input each security's value and cost-basis information into the corresponding account.
- Contact investment specialists or the Office of the Executive Director to classify unclassified holdings.
- Input the risk-tolerance questionnaire and select the customization level.
- Verify that paperwork is completed correctly and relay missing information to the advisor.
- Handle case notes and correspondence, maintain client case files, and file new statements, account forms, and other insurance- and investment-related materials.
- Maintain the financial representative's calendar and schedule follow-up appointments.
- Respond to home-office inquiries.
- Monitor and stock marketing materials for insurance and investment-related materials.
- Ensure National Marketing and Insurance Services and insurance compliance requirements are implemented and followed.
- Maintain annual review notes in Envestnet and mail annual review letters to clients when contracted as Investment Operations Staff.
- Prospect for new advisory clients on behalf of the employing financial advisor.
- Gather information for the financial advisor's meetings with clients and prospects.
- Prepare advisory annual review information.
- Prepare and modify PPA and investment or advisory proposals.
- Prepare letters of instruction for client signature.
- Prepare investment policy statements, needs-based analyses, or financial plans.
- Recommend fund portfolio options.
- Prepare and process all paperwork needed for investment and advisory accounts.
- Identify the need for switch letters and mail the appropriate forms to clients.
- Discuss potential rollover opportunities from other retirement plans for variable and mutual funds.
- Receive and forward checks and related paperwork to the investment operations area.
- Process proposal amendments in Envestnet.
- Monitor Envestnet for alerts and upcoming annual reviews.
- Process and monitor the funding of advisory accounts and asset transfers to ensure the selected asset allocation is implemented when contracted as Investment Operations Staff.
- Correspond with clients to handle advisory-related service issues.
- Formulate advisory product solutions for clients or explain advisory products and advisory performance.
- Accept client redemptions and withdrawals and communicate instructions to the home office.
- Discuss tax consequences, costs, and advisory fees with clients.
- Maintain the daily tickler system for account follow-ups and service requirements.
- Perform cashiering functions.
- Run performance reports in Envestnet, Morningstar, and NMCIR.
- Financial services or insurance industry experience is preferred.
Northwestern Mutual provides financial planning, insurance, and investment services as a mutual company owned by policyholders. It offers life, disability, and long-term care insurance plus investment products and wealth management, with financial advisors crafting personalized plans for retirement, estate, and wealth goals. The company differentiates itself through policyholder ownership that aligns interests with clients and a focus on long-term advisory relationships beyond insurance. Its goal is to help clients achieve financial security and growth through a long-term financial partnership.
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
Milwaukee, Wisconsin
Founded
1856
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Simplify's Take
What believers are saying
- April 2026, Northwestern Mutual committed $150 million to fintech and insurtech startups.
- February 2026 revenue hit a record $40 billion, with operating gain above $10 billion.
- Wealth sales rose more than 18% in 2025, and investment assets topped $400 billion.
What critics are saying
- A July 29, 2026 Connecticut lawsuit alleges harassment, disability bias, and retaliation.
- The EEOC's August 2026 DEI case forces Northwestern Mutual to expose internal employment practices.
- If advisors defect to larger platforms, Northwestern Mutual's relationship model collapses.
What makes Northwestern Mutual unique
- Northwestern Mutual's mutual structure fueled a record $9.2 billion 2026 dividend, reinforcing policyholder alignment.
- Its 2025 results crossed $40 billion revenue and $42 billion surplus, signaling balance-sheet strength.
- More than 8,000 advisors and 11,500 team members give it unmatched distribution depth.
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Company News
Northwestern Mutual's chief executive officer Tim Gerend has been named the seventh highest-rated CEO in America by Glassdoor. The recognition is based entirely on anonymous feedback from employees and financial advisors who rated their approval of how Gerend leads the company. Gerend became chairman, president and CEO in 2025. Under his leadership, Northwestern Mutual recently announced record business performance, including new highs for revenue, surplus position and annual dividends paid to policyowners. The company serves more than five million clients and holds $2.5 trillion worth of life insurance protection in force. It manages more than $450 billion in client assets through its retail investments business, ranking among the top five independent broker-dealers in the US.
Financial pressures are forcing many young Americans to postpone or abandon major life milestones, according to Northwestern Mutual's 2026 Planning & Progress Study. Nearly three in four Gen Z adults and more than half of Millennials have delayed at least one significant milestone due to financial challenges. The impact is particularly acute for homeownership and family planning. Thirty-one per cent of Gen Z respondents have postponed buying a house, whilst 24% have delayed having children. Among those who have become parents, over 70% spend as much or more on their children monthly as they do on housing. Artificial intelligence is adding to concerns, with 46% of Gen Z and 32% of Millennials pessimistic about its impact on their careers. Despite these challenges, younger generations are responding proactively. Gen Z and Millennials started saving for retirement at ages 22 and 28 respectively, years earlier than previous generations, and seek professional financial guidance at higher rates.
Northwestern Mutual's 2026 Planning & Progress Study reveals that 60% of Americans consider poor money habits a dealbreaker in new relationships. Excessive gambling and risk-taking rank as the top financial red flag, followed by hiding purchases and high credit card debt. Among Gen Z couples, 41% report money arguments are seriously straining their relationships. Financial compatibility has emerged as more important than emotional chemistry, physical attraction, or shared interests for maintaining successful long-term relationships. Single Americans seeking partners who earn money expect an average income of $139,000 annually, with women's expectations ($172,000) significantly exceeding men's ($101,000). Nearly three-quarters of Americans believe couples should discuss finances well before marriage or cohabitation, though 19% of married couples delayed these conversations until after major milestones. The survey included 4,375 US adults, conducted online between 5–21 January 2026.
Sixty percent of Americans consider poor money habits a dealbreaker in new relationships, with excessive gambling and risk-taking ranking as the top financial red flag, according to Northwestern Mutual's 2026 Planning & Progress Study. Financial stress particularly affects younger couples, with 41% of Gen Z pairs reporting money arguments strain their relationships. Among single Americans who value partner income, ideal earnings average $139,000 annually, though expectations differ sharply by gender: women prefer partners earning $172,000 whilst men seek $101,000. Couples in serious relationships prioritise financial compatibility over emotional chemistry, physical attraction, and shared interests. Nearly three-quarters of Americans believe financial discussions should occur well before marriage or cohabitation, though 19% of married couples delayed these conversations until after major milestones. The study surveyed 4,375 US adults aged 18 and older between January 5 and January 21, 2026.
More than half of millennials (53%) are not fully financially independent from their parents, according to Northwestern Mutual's 2025 Consumer Sentiment Survey. Americans now expect to achieve financial independence at age 37 on average. Record housing costs, student loan debt and gaps in financial preparedness are the primary obstacles. Among millennials, 43% lack a retirement account, 66% don't have an emergency fund, and 31% lack savings accounts altogether. Meanwhile, 74% of parents are considering or planning to provide financial support to help their children move out. The survey, conducted by The Harris Poll between 5 and 21 January 2026, included 4,375 US adults aged 18 or older. Northwestern Mutual's chief strategy officer called the findings "a massive wake-up call for America".