Vantaggi
Colleagues are generally nice Has a pension
Svantaggi
Client centric, client promise is only skin deep. It's a sale job, so only number matters. You can do your best and gives the best advice then two big estates leave your book before the year end, you are in the negative. Micromanaging- too many metrics to follow. Values quantity over quality. 15 meetings per week, tracking tool usage, compass case, RGP, IP, net worth, NPS. It's all about ticking those boxes. Sales meeting every morning to go over your meetings for the day. How many calls you have made. It's elementary school once again. Workplace favoritism, not always the most competent ones gets the promotion/raise. High performing advisor has so much leverage, they can even close the sale and dump the client to someone else once no potential left. High turnovers, organization has been cutting jobs on CSR, FSA, AMCE and etc. Majority of the staff transitioned from PC Financial had all left due to lack of support. When banking centers get changed to digital advice center, staff members are given one week training all on how to handle objection. No actual training on how to do wire transfers, foreigns and etc before they take out all the tellers.