IG Wealth Management Reviews | Glassdoor.ca

IG Wealth Management Reviews

Updated 17 April, 2019
614 reviews

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4.0
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Employee Reviews

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Pros
  • "Client-centric culture with fantastic financial planning tools" (in 58 reviews)

  • "Every consultant runs as their own business so you get to make your hours, which makes for a great work life balance" (in 23 reviews)

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. "assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at IG Wealth Management part-time

    Pros

    good nice amaxzing happy fun happy
    fun
    happy
    fun

    Cons

    happy fun interesting happy fun happy fun

  3. "Good Experience"

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

    I worked at IG Wealth Management full-time

    Pros

    Benefits, great team, room to grow, culture, opporunities

    Cons

    Work-life balance, expectations, some management, insufficient technology


  4. "Administrative assistant"

    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

    Pros

    Flexible, great People to work with.

    Cons

    No formal training, you work for the consultant, not the company

    Advice to Management

    Treat assistants as more a part of the team


  5. "Financial Consultant"

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

    I worked at IG Wealth Management full-time

    Pros

    Solid Work-Life Balance
    Flexible hours
    Great mentoring

    Cons

    Steep learning curve
    Lots of sales


  6. "Financial 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

    Comp, flexibility, tech support and benefits

    Cons

    Stress due to market performance


  7. "Great place to start, Leave after 3-4 years. Not doing your clients any favours."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Vancouver, BC
    Current Employee - Consultant in Vancouver, BC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at IG Wealth Management full-time (More than 5 years)

    Pros

    Training program is excellent. Good up-front commission rates in first 3-4 years. Good fit for a consultant willing to get paid 1/3 as much, but have a lot of support for other people to basically do everything for you.

    Cons

    Products have high fees and underperform. Big, old company is way behind in technology and adapting to current market. After first 3-4 years, commission rates drop precipitously and you can make 3x as much working elsewhere. Lots of favouritism & shady dealings happen behind the scenes with moving client accounts around - if you work there long enough, you'll see it too. All the best people end up leaving for better opportunities, leaving a company of morally corrupt and mediocre consultants. Expensive - running a practice charges you a lot in monthly/annual fees especially compared to how low the commission rates are.

    Advice to Management

    Trim down the company - clearly the high fees are a function of WAAAY too much fat that needs to be trimmed. Really need to work on the ethics side of things - there is a strong culture of unethical behaviour that I have to fight consistently, especially within the management teams.

  8. "Manager"

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

    I worked at IG Wealth Management full-time (More than 10 years)

    Pros

    Division management is great, the people are great and that makes divisional and cross divisional work a breeze.

    Cons

    Executive level is horrible and that makes for a poisoned work environment. They call for transparency but do the complete opposite so people walk around fearful for their jobs.

    Advice to Management

    Be proactive and be clear. Perhaps invest in a change management person to help you deal with mass cuts and enterprise directional changes.


  9. "Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Richmond Hill, ON
    Current Employee - Consultant in Richmond Hill, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at IG Wealth Management full-time (Less than a year)

    Pros

    Good support and working environment

    Cons

    Need initial investment by yourself.


  10. "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

    Good compensation Nice People Team environment

    Cons

    All leads are generated by you.

    Advice to Management

    none.