IG Wealth Management Reviews | Glassdoor.ca

IG Wealth Management Reviews

Updated 14 February, 2019
601 reviews

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4.1
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Employee Reviews

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Pros
Cons
  • "Initially the consultant role is commission based" (in 40 reviews)

  • "100% commission with no leads provided" (in 27 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (4)

    "Consultant"

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

    I have been working at IG Wealth Management full-time

    Pros

    This is a very evolutionary company that is making the right changes at the right time. The amount of training, support and development for the Consultant role is second to absolutely no one in Canada.

    Cons

    If you are unable to be a self starter you will struggle in this commission role.


  2. "Great Place for Students to Learn and Challenge Themselves"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tax Analyst in Winnipeg, MB
    Current Employee - Tax Analyst in Winnipeg, MB
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at IG Wealth Management full-time (More than 3 years)

    Pros

    Management respects your opinions on various things.
    Colleagues are willing to help you learn.
    Hours are flexible in certain departments.
    Countless opportunities for career growth.

    Cons

    Technological hardware is a little outdated, and the company as a whole is slow in adapting to technology.

    Advice to Management

    Push technological advances and make upgrades a priority when it becomes a detriment to work.

  3. "Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at IG Wealth Management full-time

    Pros

    Flexibility and
    Self Improvement

    Cons

    Costs of running a practice
    Performance
    Top heavy with VPs

    Advice to Management

    Keep Client centric
    Remember Advisor is reason you have a job and get paid every two weeks. Unlike the advisor who sometimes has negative paycheques after paying staff and marketing costs... reduce the cost of computer support for God’s sake!


  4. "Financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    I have been working at IG Wealth Management full-time

    Pros

    Everything resolves around client. Clients are king!

    Cons

    Commissions are being squeezed. Must do more to attain same revenue.

    Advice to Management

    Do not ask what your sales force can do for the company but what can the company can do for its sales force.


  5. "Executive Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at IG Wealth Management full-time (More than 3 years)

    Pros

    Great co-workers and that’s it

    Cons

    Be very careful which Advisor you work for. Cheap and not professional at all.


  6. "Associate Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at IG Wealth Management full-time (More than 3 years)

    Pros

    IG Wealth Management has a great company culture that isn't easy to see else where.

    Cons

    Work load can be demanding at times but relaxed off season more than makes up for it


  7. "Consultant"

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

    I have been working at IG Wealth Management full-time

    Pros

    Unlimited Earning Potential
    Great Training & Education

    Cons

    Fully Commission based
    Fees, benefits & licensing ALL at your own expense

  8. Helpful (1)

    "Do not work or invest here. Sinking Ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant in Calgary, AB
    Former Employee - Senior Consultant in Calgary, AB
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at IG Wealth Management full-time (More than 8 years)

    Pros

    Freedom to work when you want

    Cons

    Terrible upper management. Spread lies about the company and how good it is. No support. Cost are super high. If you want supper you have to hire an assistant. MER’s are highest in the industry. Performance is terrible. Stay away. Buyer be ware

    Advice to Management

    Stop lining your pockets on the backs of hard working Canadians. Put some money into technology. Stop using 90’s technology


  9. Helpful (1)

    "No support or security for Consultants"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Saskatoon, SK
    Current Employee - Consultant in Saskatoon, SK
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at IG Wealth Management full-time (More than 3 years)

    Pros

    self-employed-ish, flexible hours, good training

    Cons

    no work-life balance, cannot make it work with 40 hours per week, constantly changing, unhealthy competitive environment, no administrative support (you want help, you would have to hire someone yourself and pay them out of your own commissions), branch management has no experience outside of IG

    Advice to Management

    Be more supportive


  10. Helpful (2)

    "Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee in Winnipeg, MB
    Former Employee - Anonymous Employee in Winnipeg, MB
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at IG Wealth Management full-time (More than a year)

    Pros

    Good training program, no commission ceiling, learn a lot about financial planning.

    Cons

    100% commission with no leads provided. Expect that you will bring in assets of friends and family, and then they can choose to keep you or not, but they still have the assets. If you want to build a book of business from scratch, there is no work life balance. Little marketing support. Lots of cost to consultant (for software, marketing, etc) that you are expected to absorb by using them as tax deductions.