Pros
People who are willing to put their own well being, and the company's profits, above their clients best interest are able to make a decent living selling high fee investments (manufactured by Valic) to their uniformed clients.
Cons
1. Valic has the old school mentality. The top high producers who sell the high margin Valic products are treated well with trips & bonuses and make a good living. 2. Advisers who are looking out for clients best interests will struggle to survive. 3.From the top down, there is a mindset of "ignore the problem and it will go away". This results in management and support staff simply ignoring voice messages, ignoring email, and refusing to take ownership of any problems or issue which arise. 4. Communication from management to advisers is all after the fact. There is little to no input taken from advisers on what would work well for the customer. Management dictates how things will be, without regard to the consequences of their decisions.