Independent Capital Management Interview Questions & Reviews
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Updated Jan 5, 2012 – Interview questions and reviews posted anonymously by interview candidates.
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Difficulty Rating [?] Based on 6 ratings 
“Very Easy” Interview
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Interview Experience [?] Based on 6 ratings
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| 1–6 of 6 Independent Capital Management Interviews | Sort by |
Financial Services Specialist at Independent Capital Management
Posted Jan 5, 2012
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2.0
Easy Interview
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Overall Positive Experience
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Received and Declined Offer
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Interviewed Jun 2011 in Irvine, CA (took 2 weeks)
First Round Interview:
You'll be placed in their main meeting room with other candidates. One of the District Managers will give a presentation about the firm and the licensing process that you'll have to go through if you get hired. All associated costs are mentioned. They'll meet you half way at the 6 months mark and reimburse your fees if you decide to stay. Other than that, it's basically a presentation on why not to keep your money in the bank. Then, the main manager will come out and answer any of your questions while each candidate is individually interviewed briefly.
Second Round Interview:
Same deal with the meeting room, just a lot more detail into their training/licensing schedule and "the typical day which consists of office/non-office days). Compensation and room for growth is all spelled out. Also all the various compensations are spelled out. (purely commission based, there is a draw but with strict requirements).
After that, you'll again be individually interviewed briefly. You should get a call back the same day if you got it or not.
Interview Questions
Reason for Declining
Nice office, amiable people, good support/ safety net from the managers, but ultimately you have to have what it takes to succeed in this industry. I'd recommend them if you're looking for a career into financial services.
Other Details
I got the interview through a College or University and the interview consisted of a 1:1 Interview, a Presentation and a Background Check.
More Independent Capital Management Financial Services Specialist Interviews
Helpful Interview?
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No
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Financial Advisor at Independent Capital Management
Posted Dec 28, 2011
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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?
Yes |
No
Inappropriate?
Financial Services Specialist at Independent Capital Management
Posted Sep 6, 2011
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2.0
Easy Interview
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Overall Neutral Experience
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Received and Declined Offer
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Interviewed Sep 2011 (took 2 days)
I found the job on my school's website. I was called a day after I applied and was told to come in for an interview the next day. I came in expecting it to be a one-on-one, but instead found 3 other people in the room. The process went smoothly, but I would have preferred a one-on-one. The job is mostly commission-based, but we were told that we weren't expected to "cold-call", just work through referrals. Not sure if I believe that, but I guess I'll never find out because I received a better offer and won't be working for this company.
Interview Questions
Other Details
The interview consisted of a 1:1 Interview and a Group/Panel Interview.
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Helpful Interview?
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Financial Services Specialist at Independent Capital Management
Posted Jul 26, 2011
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2.0
Easy Interview
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Overall Neutral Experience
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Received and Declined Offer
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Interviewed Jun 2011 in Irvine, CA (took 3 days)
Cattle call with about 10 people. pick the people they think can sell immediately to people the know. All commission.
Interview Questions
Reason for Declining
not right for me, looking to work with a more supportive company
Other Details
The interview consisted of a Group/Panel Interview and a Presentation.
More Independent Capital Management Financial Services Specialist Interviews
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Financial Services Specialist at Independent Capital Management
Posted Jul 21, 2011
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2.0
Easy Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Mar 2009 (took 2 days)
Two day process. They hold group interviews with break out sessions on both days. Each takes about two hours total. First day is all about the company. Break out session to gauge interest. If you are hirable ( no bad credit, us citizen, some type of natural market) they invite you back for day two. Second day is payout structure and questions. They offer everyone because it costs them nothing to hire you.
Interview Questions
Other Details
I got the interview through a Recruiter and the interview consisted of a 1:1 Interview and a Group/Panel Interview.
More Independent Capital Management Financial Services Specialist Interviews
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Financial Services Specialist at Independent Capital Management
Posted Mar 2, 2011
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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 Feb 2011 in Irvine, CA (took 2 days)
First was called by an HR manager and asked a few basic questions about why I was applying for the job, what I expected from the position, etc. Was asked to come in to a group interview. Once I arrived, there was a variety of 25 different people of all background and we were given about an hour and 30 minute intro. The intro seemed more like presentation on why you need a financial adviser or why you should not invest with banks. The girl presenting gave some completely skewed numbers of how much financial advisers make and dodged every possible question about how much their advisers make on average, and what the average first year earnings were for their advisers. After the group panel "interview", each candidate was taken in one by one and interviewed for no more than 5 minutes. I was asked to come back for a second interview.
Interview Questions
Reason for Declining
The interview process was very much a cattle call. It seemed like anyone interested in the position would be "hired" You go into training for about 2 months and have to front all the costs of taking your series 6, 66, and California life and health exams, which they told us was around $675. If you complete the training, they give you something like $1000 at the end of training, and after 6 months they will reimburse you for half of your expenses up to a certain amount. The downside is, nobody really gets support and the company doesn't invest much in their employees. There also is no guaranty that in between getting your licenses and the first six months they won't can you for whatever reason they wish so they don't have to reimburse you.
Other Details
The interview consisted of a Phone Interview, a 1:1 Interview and a Group/Panel Interview.
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