Some large financial institutions may be experiencing layoffs as the hangover that is the financial crisis continues to drag its feet. Northwestern Mutual, however, is not one of those companies.
In a statement today, the life insurance company announced that it will aim to recruit more than 2,700 financial representatives and 3,700 financial representative interns in 2014, making it the most ambitious recruiting effort in the company’s 156-year history.
Why the push?
According to Steve Mannebach, Northwestern Mutual’s vice president of field growth and development, the company’s aggressive 2014 goal of 6,400 total recruits is a direct result of the increased need Northwestern Mutual is seeing for comprehensive financial planning in the United States. The 2013 Planning and Progress Study found that 63 percent of Americans believe their overall financial planning needs improvement and half have no plan in place.