IG Wealth Management Employee Reviews about "financial planning"

Updated Jan 4, 2021

To filter reviews, or .

Found 69 of over 967 reviews

3.8
68%
Recommend to a Friend
64%
Approve of CEO
IG Wealth Management President and CEO Damon Murchison
Damon Murchison
17 Ratings
Pros
  • "Company has done a complete 180 and focuses on wholistic financial planning(in 69 reviews)

  • "Fast-paced work environment, lots of travel, rewarding income(in 44 reviews)

  • Cons
  • "100% Commission based, but as an associate you're not on your own as your earnings will be tied to the overall team(in 49 reviews)

  • "100% commission based pay and the company does not have a good name to the general public (associated with mediocre investment products)(in 32 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    The latest conversations about Finance

    Join the conversation on

    Finance

    1y

    works at 

    JPMorgan Chase

    Anyone else hate banking lingo and make fun of it, but as soon as a discussion starts you say "we dont want to boil the ocean here". Fml. Whats your most despised finance phrase?

    871

    87 Comments

    Finance

    26.2K Members 

    Ask candid career questions

    -1 - https://www.fishbowlapp.com/bowl/finance/posts?cf=gd&utm_medium=Glassdoor&utm_source=glassdoor.ca&utm_campaign=Reviews&utm_content=Industry-content-prominent-Reviews&utm_term=IG Wealth Management~224873
    Join the conversation on

    Reviews about "financial planning"

    Return to all Reviews
    1. 5.0
      Current Employee

      Great company with great support

      May 9, 2020 - Financial Planner in St. Albert, AB
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Positive culture, knowledgeable support staff in all facets of financial planning, and significant opportunity for growth.

      Cons

      Technology changes are significant as of late, so quite a lot of time is spent on learning new IT systems.

      Be the first to find this review helpful
    2. 4.0
      Current Employee, less than 1 year

      Completely Different Company

      Jan 4, 2021 - Division Director in St. John's, NL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Company has done a complete 180 and focuses on wholistic financial planning.

      Cons

      Heavy focus on new acquisition

      Be the first to find this review helpful
    3. 3.0
      Current Employee, more than 10 years

      Saturated Market

      May 17, 2020 - Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Some industry leading experts in financial planning support. Attempting to catch up to the rest of the industry in terms of technology.

      Cons

      Very saturated market in terms of number of consultants. In my City this has thinned out some book sizes and led to consultants leaving role as making a living now much more difficult with the overall cut backs to compensation. As an advisor there is a lot of overhead expenses, some you see, others you don't realize exist until you talk to other advisors in the industry and compare total expenses. It would be helpful if the company provides some sort of salary support for admin assistant as the only way to stay on top of IG Compliance is to have someone work with you. Bottom line no one place is perfect but do your homework and make the best choice for your career. Some big asset advisors have left IG recently, when the big hitters leave that should raise a few tough questions. Not all places are created equal. It should go without saying that you need to work hard to succeed, which is why I don't understand the reviews that suggest this is the only con to working at IG. That goes for everywhere. You have to decide if working in an entrepreneurial environment that caps you until you hit sales targets is the best option for you. You're essentially self employed but have to try to climb up the compensation ladder. That's the key, there are places out there where the ladder might be easier to climb. Be educated and be informed. Work hard yes, but also work smart and know what you should be paid as a professional planner.

      Continue reading
      2 people found this review helpful
    4. 5.0
      Former Employee

      Great Company, changing for the better

      Apr 27, 2020 - Division Director in Calgary, AB
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people. Entrepreneurial business environment. New CEO has made changes over the last 3-4 years that has put the clients first, and take care of advisors needs to service their clients in the growing competitive field of financial planning and servicing.

      Cons

      Commission based role. Have to work hard to get paid and build up a business (Pro in my opinion but this is were most people will struggle).

      Continue reading
      Be the first to find this review helpful
    5. 5.0
      Current Employee, more than 8 years

      Excellent company quickly moving through positive transition

      Apr 15, 2020 - Division Director in Brampton, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Compensation structure Team mentality Technology for advisors Support in office as well as head office support Advanced Financial Planning department helps provide excellent client advice

      Cons

      Self-employed, commission position can be difficult in the first few years

      Continue reading
      Be the first to find this review helpful
    6. 5.0
      Current Employee, more than 8 years

      Adaptable Caring Company

      Apr 15, 2020 - Senior Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -Incredible adaptation with the COVID-19 situation -Full Financial Planning -Digital Capabilities -Competitive Compensation -Warm and inviting culture

      Cons

      -Currently adapting at a high rate which can be at times overwhelming

      Be the first to find this review helpful
    7. 5.0
      Current Employee, more than 1 year

      Be part of a winning team

      Apr 8, 2020 - Consultant in Vernon, BC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Entrepreneurial setup, strong & evolving brand, fantastic platform & product support make for synchronized financial planning & execution. A great place to take your advisory practice to the next level.

      Cons

      You have to overcome past perceptions of Investor Group - both positive (e.g. deep relationships) and negative (e.g. high fees).

      Continue reading
      Be the first to find this review helpful
    8. 5.0
      Current Employee, more than 10 years

      A great place to achieve your life and career goals

      Apr 9, 2020 - Division Director in Vernon, BC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great work/home balance - got back control of my life Client first attitude - focus on financial planning and client well-being Great products that meet client needs - wide product shelf provides far more flexibility to meet client needs Outstanding mentor-ship and training to ensure your success Highly attractive compensation package - paid well for your efforts. Technology platform that is top notch and allows you to work from any location Great positive culture

      Cons

      A lot of initial learning to absorb but that is mitigated with great training programs with peer and management support.

      Continue reading
      Be the first to find this review helpful
    9. 1.0
      Current Employee, more than 10 years

      Review from non-Management/Head Office

      Feb 3, 2020 - Consultant in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Industry leading Advanced Financial Planning team. Compliance support is very good in an industry that's ever evolving.

      Cons

      Company is implementing change, but can't keep up with said change. If you're a consultant in this company, you've experienced significant financial cutbacks to compensation including but not limited to, reduced commissions, cutting of company matching program for retirement, reduced benefit credits which indirectly means reduced health benefits. The response I typically hear is "we're doing what everyone else in the industry is doing". That being said, why not be different and think outside of how the competition treats people. The truth is in the last 4 to 5 years compensation and benefits have been dramatically reduced. This can be painted in numerous ways, but the reality is a pay cut is a pay cut no matter how head office positions it. So, that all said, if IG is doing what the rest of the industry is doing with regards to compensation, then I would suggest comparing the costs of doing business. Unlike compensation, the cost of doing business at IG has increased (eg. computer subscriptions). So reduced compensation and increased costs to work independently as a consultant. What I haven't seen is a comparison to the industry on just how much it costs to work at other financial institutions such as TD Waterhouse or Scotia Wealth.

      Continue reading
      3 people found this review helpful
    10. 4.0
      Current Employee, less than 1 year

      So far, so good (minus a few hiccups)

      Dec 31, 2019 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The firm is extremely flexible in letting you build the business you want Colleagues are extremely friendly and helpful Firm is transitioning to a more professional financial planning organization and this is improving its image on the street and to recruits There is talk about a base salary for the first two years while you develop your client base (of course, this will result in targets being assigned) The firm is moving towards IIROC licensing, which allows much more product offerings than just mutual funds Although it is your own practice, you often work as part of a team which gives more credibility Some branches will assign new hires a group of clients which at least gives you something to work with when you start out

      Cons

      You bear all the costs for everything - computer, license, E&O insurance You have to do all the legwork for these requisites (choosing, ordering) So far, salaries are commission based (although there is talk of this changing) Company sponsored training programs (online courses, etc.) aren't that useful

      Continue reading
      Be the first to find this review helpful
    Viewing 1 - 10 of 69 Reviews

    Popular Careers with IG Wealth Management Job Seekers

    JobsSalariesInterviews

    Work at IG Wealth Management? Share Your Experiences

    or