Toxic environment - Recensione dipendente - Financial Advisor presso CIBC

Toxic environment, high pressure for sales , and most confusing bonus structure that you won’t even know how get it end of year. Senior advisors will dump their mortgage clients on their book , which they already got paid for it , on new advisors book, so when mortgage get paid off of transfer to another banks it comes of from your book and net sales. For example, if you bring $ 5 million new business into your book and $ 10 million mortgages get paid off or transfer out from your book, you are net sales is minus $5million ! And you have to bring another $million to just bring your net sales to $0 lol Funny thing is most of those senior advisors never seen and spoke to clients before , they just got paid for it!!