Everything ?
The salary is not a salary - it’s a retainer. Meaning that to be able to make this commission that is so highly emphasised, you have to REPAY the salary amount every month to the company before you see a bit of commission I.e you essentially pay your own wages as any comission you receive you only actually see AFTER it has covered the cost of your retainer. Do you see the issue here? You’re working for free essentially
There is literally no HR department, people would be Called out of the office middle of the day randomly and be fired because they didn’t fit the company’s taste. They wouldn’t have any notice it was literally “grab your stuff and get out you’re fired” - despite the fact I might sound bitter, I was infact not fired. I left of my own accord.
Management talk to you terribly. I’ll not elaborate on that as the language is unseemly.
I actually witnessed a group of employees doing the wolf of Wall Street mmmm Chest thump whilst walking past one of the offices.
The majority of management/advisors do not have relevant qualifications in financial advisory, it’s a chop shop, they get clients in with smooth chat, get papers signed and jobs a good’n. There’s no regard for the clients investment performance long term, they're just after commission. In this case you can’t entirely blame unethical employees because the very pay structure forces them to do get clients in and out like revolving doors, if they don’t sign commission their retainer builds up, if the retainer builds up over 2/3 months, they’ll be fired.
Basically the whole company is a scammy slimey embarrassment to the financial services sector. Don’t fall for the sweet talking recruiters, they’ll woo you with promises of a competitive salary, freedom to be trained or live where you want, Christmas parties etc. It’s not that sweet, you work 12 hr days for no extra benefit. Comission never makes it to your pocket. And the management will take every penny you make as far as possible.
