Nicola Wealth Reviews

Pros

profit sharing is great a lot of room for growth

Cons

Work load as an accountant can be challenging as it is being an accountant anywhere.

Pros

This firm has some of the most intelligent, thorough, and genuine planners I’ve ever come across. I know that all clients, existing and new, will be well taken care of regardless of what advisor they end up meeting. The level of knowledge that is leveraged from all employees and departments, and shared with others in our firm wide TMAC meetings or in general among colleagues is incredible. I have never felt so confident in recommending a firm for financial planning needs to potential clients. I also cannot recommend the firm enough to people looking to genuinely reach their career potential in wealth management. Compensation is very fair and profit sharing is generous.

Cons

It’s a work-in-progress, but the existing applications especially the WIP app can be frustratingly slow. It’s hard to commit to relying on it to stay on track. I’m looking forward to our new CRM app launching and having most things on one page for easy access. Our Client Services Team can benefit from some more training, but that is typically expected from most firms as the employees in those departments have varying backgrounds (not necessarily finance related).

Pros

I would say that some of the senior leaders are decent, but in reality you are working with a large organization who manage the top 1% of people's money so everyone there is very stuck up.

Cons

They preach culture - but there is no culture and it is everyone there for themselves. Snotty, stuck up employees. Their salary bands are SO out of touch and put such a heavy emphasis on their profit share; they even state that their profit share is a minimum of 20% in their offer letters and that is a LIE!!! When people rely heavily on their bonuses to pay their bills because their salary is so low and not competitive to the market and then they don't hit their bonuses because of the way the PS is paid out, it makes a lot of people mad. They over promise and under deliver. All the awards that they win, any company can apply to win those. Honestly, it isn't worth the stress working there. It is extremely political and your life is ONE GIANT meeting. People make work for themselves there and it is infuriating.

Pros

The pay is good, above average for entry level positions because the company makes a lot of money handling/investing millions of dollars for clients

Cons

The benefits are not that good in comparison to other jobs (a lot less than the regular comprehensive offered in other secure/unionized jobs) The work environment/culture is all about how you promote the company name through your team, not your work ethic. It is highly cliquey and political, it is all about setting a persona than doing your job. If you are new you will get treated like you are as you will feel like you do not belong. There is a way to be when working here. Authenticity lacks and managers start at age 26 which I'm not sure how that is earned with lack of experience. It is incredibly hard for a new hire to make connections here unless you can thrive in a work culture of pure fakeness and getting to the top by faking it, as there is not much to do in this investment firm. They have too much money to blow and hire positions that are not needed. Do not recommend for real hard-earned work.

Pros

Good benefits and pay when markets are up

Cons

More opportunities to transition into advisor role

Pros

Promising company growth and culture

Cons

Low compensation for high workload

Pros

-Can work remotely (also, it depends on the team) -Good reputation firm -Nice people

Cons

-Busy -Not a great salary. -Managers are annoying sometimes

Pros

Great benefits, competitive salary and strong corporate culture

Cons

Very busy and must be great with applications such as excel, PowerPoint and more.

Pros

Great mentorship and internal promotions, culture of philanthropy and “sharing the pie”, standard of excellence. Strong investment returns for our clients with low risk / volatility and good cash flow.

Cons

Rapid growth in the last few years can sometimes means long hours and insufficient support (although this is being works on with increased hiring and significant investments in technology.)

Pros

Great people and management who care, attractive compensation package and a lot of room for growth for those who are willing to put in real and hard work

Cons

Technology is a bit outdated, in need of more policies and procedures