Independent Capital Management Financial Advisor Interview Questions & Reviews
Updated Dec 28, 2011 – Interview questions and reviews posted anonymously by interview candidates.
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Difficulty Rating [?] Based on 1 ratings |
Interview Experience [?] Based on 1 ratings
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Financial Advisor at Independent Capital Management
Posted Dec 28, 2011
1.0
Very Easy Interview
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Overall Neutral Experience
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Received and Declined Offer
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Interviewed Nov 2011 in San Diego, CA (took 2 weeks)
So I interviewed for their Financial Advisor Trainee program and I believe it was through monster.com. I talked to someone on the phone and they said they would like me to come into their local office for an interview. when i showed up there were 6 people in the room. they started talking about the company and how it is competitive and how not all of us would make it though the interview process. Then they started "selling" their company. At the end of the hour long presentation they had <5 minute one on one interviews and I was asked back at a set time a few days later. I showed up to the same location and this time there were only 4 of the original 6 in the room. they did a group interview and were mainly concerned on who we knew and how much money we could invest from family members and close friends. After that they said they would let us know by 5pm their decision if we would have a job offer. Also, during the original interview they mentioned no salary during training (takes about 6-12 months) and you have to pay about ~$321 for fees and licenses. They called me back and I accepted the offer but didn't have adequate time to research the company. after doing so i realized it wasn't a good fit for me so i contacted them and declined the offer.
Interview Questions
Reason for Declining
A good reputable BD would not have you pay for fees and even during training will offer some base salary. Also, if you join you must transfer any of your invested assets to their company. They also push for you too have you r family invest with them then if you quit they keep you family and friends accounts and pass on to other higher ranking advisors.
Other Details
I Applied Online and the interview consisted of a Phone Interview, a 1:1 Interview and a Group/Panel Interview.
Helpful Interview?
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No
Inappropriate?