Whose job is it anyway... - Recensione dipendente - Financial Consultant presso TIAA

1,0
14 nov 2019
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Benefits, PTO, Employer Contributions, Good Salary, EAP

Svantaggi

1. So many changes and restructuring - you might have 4 hats 2. Regarding 4 Hats, you are at a Risk for a lower rating = lower bonus 3. We got into the business as Sole Record Keeper - we typically offer the world to an institution, without creating a platform or service. Most clients will move away from TIAA in five years 4. If we win a new plan, immediately we a team of FC’s, Case Managers, Relationship Managers and Directors are placed at a disadvantage and trying to set expectations on services that we over promise and under delivered 5. Typically we underbid SRKs and we are losing money on plans and it is up to the call center and Field Consultants to “up-sell” and have assets transfer to TIAA 6. We cannot get our own funds on Institutional Clients - big winners are always Vanguard Funds...our company helps Vanguard tremendously with contribution growth by the billions each year 7. Lack of Diversity with mid managers and directors 8. Layoffs of AWS and departments in last 3 months 9. Land grabbers, we are the 2nd largest Real Estate company in the world and continually to grow each day 10. India,India and India - 1000s of back office / non license jobs are shipped to low wage earners in India. 11. Artificial Intelligence / “bots” are being used to process paperwork and require IT from India to create and service. Always making countless errors that ruin efficiency 12. Wealth Management - unreasonable Sales goals and push clients into services they don’t need. 13. We love photo up opportunities with the community, in reality employees cannot participate in many events and likely only SR leadership participates. We love to show a force on Denver’s Heartwalk or Breast Cancer awareness or Pride day...guess who are ask to walk on a Saturday and invite the family in the name of TIAA..the diverse / entry level employee 14. Technology we are still living in 2000s 15. No leadership and company vision. Lower level management typically run the ship by putting out fires. No plan and chaos 16.. Project after project that goes nowhere other provide a fake narrative that would boost your Bonus. 17. Secret Handshake and back room deals...having a good network will help you get promoted. Working hard and producing great work in an entry level will keep you in the same position for years

Esplora altre recensioni su TIAA

5,0
25 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great opportunities for growth and supporting management

Svantaggi

There is nothing to love about TIAA!

2,0
2 lug 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Work-life balance & nothing else.

Svantaggi

Don’t make the same mistake I made…there’s a reason why this company’s job listings barely get any traction or applicants, even in the NY markets. Operations is a joke, and has been subpar for 10+ years. The lack of efficiency across all divisions is scary. The VSP (voluntary separation severance packages) that happened in 2021-2022 made things even worse. Because so many employees took the VSP, most roles were either backfilled with non-qualified or inexperienced people or not filled at all…like ever. Especially in Wealth Management leadership roles. This created a micromanagement culture that gets in the way of productivity & slows down money movement. Opening & funding accounts almost always takes 1-2 months here where at JP Morgan & other firms it takes less than 3-4 days. Back office & services associates constantly make mistakes, which impact the client experience and constantly jeopardizes your reputation. Turnover is scary high in operational & support roles, it is very typically for 1 or a very few operational associates to handle requests for an entire region. Constant turnover in the portfolio manager roles & advisor roles are directly related to all of the above. The company’s growth has been stagnant for years. Now that Trump defunded the education department, universities are laying people off because of lack of government funding…which will affect the company’s bottom line faster than they expect. You’ll strangely get the feeling that no one here ever knows what they’re truly doing.

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