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812 Employee Reviews (View Most Recent)

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4 people found this helpful  

Vice President-Financial Consultant

Vice President, Financial Consultant (Current Employee) San Jose, CA (US)

ProsEthical financial guidance;
Reasonable/affordable product pricing;
Transparency of fees;
Great brand name;
Work/life balance;
Supportive and collaborative work environment;
Diverse employee base;
Embracement of new technologies;
Good benefits;
Time to volunteer of 8 hours per year;

ConsFew career advancement opportunities or options except growing own practice;
Employee base is diverse, but management is not;
Overly cumbersome paperwork and procedures, especially on advice products;
Frequent changes in executive level leadership result in inconsistent policies;
Opinions of top producers count, but not the others;
Favoritism hurts morale;
Quarterly resets burn out even the best calibers;
Termination after 2-4 quarters of bottom 20% sales: Financial Consultants are treated like disposables within the company while trying to convince clients they are experienced and trusted advisors and will be there for clients for a long time;

Advice to Senior ManagementIf you would like clients to believe they are dealing with a trusted advisory service provider firm, you need to respect and empower your front-line Financial Consultants, especially those with 10+ years of experiences, and allow for bottom-up feedback and participation instead of only top-down dumping of compensation/advice/product policy changes, campaigns and quotas.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Stock Broker

    Stock Broker (Former Employee) Englewood, CO (US)

    I worked at Charles Schwab full-time for more than a year

    Pros: Opportunity to learn a lot about trading, banking, retirement, and finance in general. You also get paid to earn you series 7… Cons: You are a robot. You are told what to say and when. There is no freedom, no creativity, and no individuality. Even your toilet breaks… Advice to Senior Management: Retain your employees for longer with better incentives. This will create… No, I would not recommend this company to a friend More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO


    Great Company to work for

    Operations Specialist (Current Employee) Phoenix, AZ (US)

    I have been working at Charles Schwab full-time for more than 5 years

    Pros: Diverse culture, Higher then average pay, collaborative environment, employee focused… Cons: Long hours attributed to staffing issues. Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More
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