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Personal Capital

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Echoing "Misleading Opportunity" Review - Vice President - Financial Advisor Personal Capital Employee Review

1.0
Mar 20, 2018
Recommend
CEO approval
Business outlook

Pros

Previous review hit the nail on the head. I hope you like snacks, soda and coffee.

Cons

Do not make the same mistake! I used Glassdoor before making the decision to leave my previous job for this seemingly amazing opportunity. Unfortunately the reviews here must be tainted by new employees who are fresh out of training or fresh out of college associates who really love "free" snacks. I could go on and on, but the biggest issue here...and it's a big one... is how misleading everything is..the lack of transparency is disappointing to say the least. They'll tell you that you'll easily clear 100k and have the opportunity to make up to 200k in a position where you are given all of the leads. AND you get some equity on top in what is a "hyper growth" business. The reality here is that the leads are awful, there is no "hyper growth", it's actually quite stagnant when you account for the market growth, and you'll think you're bringing in enough assets to make 100k until you realize that you have to work there a few years before their weirdly structured "trails" start to come in. You'll find you're closer to 75k. As far as the job goes - bait and switch there too. There is a common theme here. Wonder if those options will really be worth anything anyway. Read the other review mentioned in the title for more detail on this specific role. Turnover is insane and for good reason. People are quitting without jobs lined up just so they don't have to work here or have their name associated with this company. Others are holding on hoping that someday these options are going to be worth something. Sometimes it is best to go straight to the source, so I'll leave this here for you to decide how it makes you feel - a disclosure on their performance page: "All Personal Strategy returns are net of fees. The respective blended benchmark allocations, individual strategy assignment, and associated rebalancing are characteristics of a professionally managed portfolio. As such, a hypothetical quarterly fee of 0.2075% was deducted from all comparative benchmark returns except those used for Tactical America which is a single asset class. This fee represents the average of all Personal Capital clients as of 6/30/2017." The performance is bad so rather than be upfront and explain why...they are hiding it in the fine print.

Explore other reviews about Personal Capital

5.0
May 7, 2025
Recommend
CEO approval
Business outlook

Pros

There are many wonderful folks working there

Cons

Sometimes tasks can be confusing and mismanaged

5.0
Nov 16, 2024
Recommend
CEO approval
Business outlook

Pros

By far the most kind and supportive management that i have ever experienced during all my career The beat work environment Great salary Amazing work life balance and career opportunities Since they belong to Empower they have great benefits

Cons

The interview process is hard and if you can make it in you work under constant pressure to meet sales targets You spend all day making around 200 calls per day You need to be prepared to manage and overcome objections Be very positive and have a lot of knowledge of the industry

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