Foresters Financial Reviews | Glassdoor.ca

Foresters Financial Reviews

Updated Jun 18, 2019

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Found 451 reviews

3.1
StarStarStarStarStar
Rating TrendsRating Trends
44%
Recommend to a Friend
79%
Approve of CEO
Jim Boyle
25 Ratings
Pros
  • "Paid training while studying to receive licenses(in 42 reviews)

  • "Started brand new to the industry and the training program at Foresters for new reps was great(in 30 reviews)

Cons
  • "Long hours expected at first and if your personal network does harvest well, then this may become an issue(in 28 reviews)

  • "Work/Life balance could be affected if you have get a good start from the beginning(in 25 reviews)

More Pros and Cons
  1. "Awesome"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Claim Adjudicator in Toronto, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Foresters Financial full-time for more than 8 years

    Pros

    Amazing culture, flexibility, relaxed environment, growth.

    Cons

    dated systems, dated procedures, no team building.

    Advice to Management

    Update systems

    Foresters Financial2018-07-02
  2. "Big company"

    StarStarStarStarStar
      Former Employee - Marketing Assistant in Toronto, ON
      Approves of CEO

      I worked at Foresters Financial full-time for more than 3 years

      Pros

      Company involved in many community activities Opportunities to move around when desired

      Cons

      Communication between departments is not always the best

      Foresters Financial2019-06-11
    • "Not recommended long term"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Senior Business Analyst in Toronto, ON

      I worked at Foresters Financial full-time for more than 8 years

      Pros

      Decent benefits and pays well.

      Cons

      Not many opportunities for advancement. Long hours with little reward or appreciation. A lot of turnover and reorganizing.

      Foresters Financial2019-04-25
    • "Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I have been working at Foresters Financial full-time

      Pros

      Flexible, more exposure to business, small team

      Cons

      not stable management team, business goes down

      Advice to Management

      Management need to improve, how to make the company to be profitable

      Foresters Financial2019-03-08
    • "Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Doesn't Recommend
      Neutral Outlook
      Approves of CEO

      I worked at Foresters Financial full-time

      Pros

      Nice and friendly colleagues, big workspace

      Cons

      Insufficient compensation for the amount of work; inconvenient location

      Foresters Financial2019-02-18
    • Helpful (1)

      "Not the best, not the worst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Doesn't Recommend
      Neutral Outlook
      No opinion of CEO

      I worked at Foresters Financial full-time

      Pros

      Open access to the office so you can work outside of regular hours to get things done.

      Cons

      People take advantage of you if you're good at what you do and your reward for working hard is picking up the slack of other people who are not working hard.

      Advice to Management

      Do a better job of recognizing and supporting the people with good performance.

      Foresters Financial2019-01-23
    • Helpful (3)

      "RUN AWAY"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Investment Advisor Representative in Toronto, ON
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I have been working at Foresters Financial full-time for more than 5 years

      Pros

      You get to set your own schedule which means you have to work all the time. nights weekends.

      Cons

      NO benefits period. you have to work above 50 hours each week and most of the time you work for ungrateful people over the course of months for 40 to 50 hours per client and they just decide not to do business with Foresters and you don't get paid. 100% commission. They provide 0 opportunities. Regional management gets most of the pay and all they seem to do is to write emails do conference calls and basically protect...

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      Advice to Management

      pay people working for you a liveable wage and offer benefits. No person can figure out this job with a 6-month training salary that is equivalent to 8 dollars per hour. figure out how to help the advisors. You pretend to be client focused but that is not your job. Your job is to be advisor focused and let the advisors do their job of being advisor focused.

      Foresters Financial2019-01-16
    • "Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Neutral Outlook
      Approves of CEO

      I have been working at Foresters Financial full-time for less than a year

      Pros

      Pay and benefit are good

      Cons

      Management style is not good for junior people to join

      Foresters Financial2018-10-13
    • Helpful (1)

      "I like workign here.....but...."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Senior Business Analyst in Toronto, ON
      Recommends
      Neutral Outlook
      No opinion of CEO

      I have been working at Foresters Financial full-time for more than 5 years

      Pros

      Great people to work with, IT department generally welcome new ideas, eager for change. Business partners are co-operative but still maintain their silos.

      Cons

      Constant changes in upper management leading to paralysis of change. Also some upper management are questionable in their knowledge. Opportunities for women in the IT group is questionable - management is 90% male.

      Advice to Management

      Advocate for your employees more - your business partners don't always know our capabilities.

      Foresters Financial2018-10-05
    • Helpful (1)

      "product analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Product Analyst in Toronto, ON
      Recommends
      Neutral Outlook

      I worked at Foresters Financial full-time for more than 10 years

      Pros

      Overall experiance was pleasent. The company had helped me raise my family for over 27 years. Employee benefit plan was great. One could choose between individual or family coverage and pick from one of four levels of co-insurance levels. It was quite flexible. Coverage included medical, drug, dental, vision, life, accident, travel and employee family assistance (stress) plans. Most departments allowed flexible...

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      Cons

      The last few years have experienced company-wide termination of over 15 positions per year. It's a little hard to handle. Work load had been constantly increasing as a result for those who stayed behind. Unpaid overtime work became the norm.

      Advice to Management

      There is a need to modernized administrative systems by upgrading existing systems to their newest version. Customers should be able to pay premiums in any mode, such as credit cards, interac, e-transfer, eft etc. and not limited to cheque and PAC only.

      Foresters Financial2018-05-02
    Found 451 reviews