Barnum Financial Group

  www.barnumfinancialgroup.com
  www.barnumfinancialgroup.com

Barnum Financial Group Reviews

Updated October 16, 2014
Updated October 16, 2014
13 Reviews
2.7
13 Reviews
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Paul Blanco - LUTCF
5 Ratings

Employee Reviews

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  1.  

    Best Marketing ever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Shelton, CT
    Former Employee - Financial Advisor in Shelton, CT

    I worked at Barnum Financial Group as a contractor (more than 3 years)

    Pros

    Good company, great potential for growth in the industry, good training, they give you all the tools needed to succeed, and they reward your success.

    Cons

    Pay structure was a bit confusing

    Advice to ManagementAdvice

    Revisit the pay structure, the pay is good but how it's paid out didn't allow me to meet my obligations

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Financial Adviser Mentoring Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - FInancial Adviser Mentoring in Glastonbury, CT
    Former Employee - FInancial Adviser Mentoring in Glastonbury, CT

    I worked at Barnum Financial Group as an intern (less than an year)

    Pros

    Great company and company culture, very motivational executives

    Cons

    short internship period, make sure you can work full week each week

    Doesn't Recommend
    Approves of CEO
  3. 1 person found this helpful  

    Place to work unlike any other!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Barnum Financial Group full-time (more than 3 years)

    Pros

    Culture, Work/Life Balance, Firm-wide Events, Leadership Opportunities, Transparency of goals- If you are going to be in the Financial Services Advisor role, this is the place to do it! Great staff, friendly and approachable! Professional attitude is evident. Many varied volunteer opportunities.

    Cons

    Benefit costs have skyrocketed ( as they have across many companies and small businesses).

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Don't do it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Shelton, CT
    Current Employee - Anonymous Employee in Shelton, CT

    I have been working at Barnum Financial Group full-time (more than 3 years)

    Pros

    Culture. Fun place to work- A lot of charity work. Lots of parties. ONLY REASON TO STAY

    Cons

    I worked there for 4 years (2 positions) with no benefits or room for growth. Not treated fairly. Only employees in financial advisor or manager roles are taken seriously. Pay is AWFUL!!!! NO BENEFITS!!! NO TIME OFF!!!! Temp to Perm position, was told after 1 year would be Met, then changed to 2 years, never happened!! Assistants are Temp Only, never will be MetLife employees. No job security...Worst place to work!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    It was a bait and switch, eat what you kill culture of abuse.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in New York, NY
    Former Employee - Financial Representative in New York, NY

    I worked at Barnum Financial Group as a contractor (more than 5 years)

    Pros

    The only pro was the product such as the variable deferred annuity.

    Cons

    There was a culture of abuse characterized by harassment, humiliation and hazing. There was a musical chairs atmosphere with representations that can only be described as bait and switch. The management uses people and demeans them. There was an active attempt to take your business prospects and misrepresentations as to the strategy and the office infrastructure. There was no attempt to provide a stable work environment or even a building pass. The support was minimal and had the feel of a venture without capital.

    Advice to ManagementAdvice

    Change your attitude towards your sales force to end the culture of abuse which places the risk on the shoulders of the sales force without providing realistic support.

    Doesn't Recommend
    Negative Outlook
  7.  

    All Lies. They'll say anything.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Glastonbury, CT
    Former Employee - Financial Advisor in Glastonbury, CT

    I worked at Barnum Financial Group as a contractor (less than an year)

    Pros

    Barnum Financial Group or BFG presents themselves as a separate entity to MetLife. However, I learned that they are MetLife. With that being said, MetLife is a solid insurance company. That's right, you will be pushing proprietary products -their annuities.

    Cons

    I was lied to the entire onboarding process. They presented themselves as a separate entity. BFG isn't even a B/D or an IA after checking with FINRA. You'll find your licenses parked with MetLife. You'll be an insurance based FA. Just work for Northwestern, if that's what you want. They won't lie to you and you'll be happier. Personally, I prefer to lead by financial planning.

    Advice to ManagementAdvice

    I'm going to have fun taking your clients away.

    Disapproves of CEO
  8.  

    It is what you make of it...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

    I have been working at Barnum Financial Group full-time (more than 3 years)

    Pros

    We really have a great firm here. I am incredibly proud to represent BFG and that of MetLife. We have a visionary CEO who is always looking forward, reflects on the past but doesn't live there and constantly strives to set new standards firm wide.

    Like any company there are issues but I always look forward to my job and the many people I am able to help. The firm has an amazing culture which stems from the top down and I have never been happier than where I am.

    As they tell you from day one... "You must act as a business owner" Those who don't take this seriously or who expect handouts (in the form of leads and so on) or those like myself that just don't understand what that means in the immediate, may have a tough time adjusting or fail all together.

    Now that I am more aware of what I need to do and what success means, I am heading towards great strides in my business and looking forward to securing the futures of more good people who choose to work with me.

    Things can be very frustrating at times as in any career due to our industries regulations but it softens the blow to know that it is to keep our clients safe and secure.

    My biggest gripe is the lack of technolgy and/or systems that don't "speak" to each other. That being said this is focused much more towards MetLife and not that of BFG which is working very hard to upgrade its technology platform(s) and has done so every year since I was hired.

    You must remember that this is a business where you have a real chance to help people and make a fine living at the same time. You have the ability to give yourself a raise at any time and all you need to do is just work a little harder.

    Those (not all, but most) who could not make it here are people who either did not take the career or themselves seriously and were not willing to put in the time to create the needed activity to ensure long time success.

    In my opinion we have plenty of tools and access to achieve the growth one wishes to attain.

    Great corporate culture, Well Structured Vision, Wholistic Planning Approach, VERY Centered on our Clients Success, Great Leadership Team, Independence.

    Cons

    Pay Scale Grid, Cost of Benefits, Lack of downflow of monies to Advisors

    Advice to ManagementAdvice

    We have such a great firm here but I find it unfortunate that $400.00 comes out of my pay check EVERY week, just for benefits for my spouse and I. The future contributions really frieghten me.

    With all the money the firm makes it would be great to have our payscale re-instated as it was at the beggining of 2013.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Large Corporation with positive attitude and room for growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Planner Trainee in Shelton, CT
    Former Employee - Financial Planner Trainee in Shelton, CT

    I worked at Barnum Financial Group as an intern (less than an year)

    Pros

    Sky is the limit, you can make as much as you want to make
    Helpful support team which is all done in house
    Large growing company that is constantly bringing in new talent

    Cons

    Need to grow on your own
    Without putting in a lot of work you won't succeed

    Advice to ManagementAdvice

    Include more partnership incentives and encouragement

    Recommends
    Positive Outlook
  10.  

    Don't Get trapped into becoming a Financial Advisor at this company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Agency Sales Director in Shelton, CT
    Former Employee - Agency Sales Director in Shelton, CT

    I worked at Barnum Financial Group

    Pros

    Metlife is a good name

    Cons

    Senior Leadership cares nothing for management or the financial advisors. It's disgusting how much money they make at the expense of the people who work for them. Yes, they are the biggest agency at Metlife, but that's not a good thing.

    Advice to ManagementAdvice

    Share more of the Corporate funding with the advisors who are earning this for you.

    Doesn't Recommend
  11.  

    Insurance Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Advisor in Shelton, CT
    Current Employee - Financial Advisor in Shelton, CT

    I have been working at Barnum Financial Group

    Pros

    You can use the company as experience and a way to get into the door of a reputable, big company, like a Merrill, UBS, or Morgan Stanley. They will pay for your insurance and series 6,7,63,65 or 66. I would def get my series 7 and 66 because when you move on youll need it.

    Cons

    They advertise that they give leads, but they dont. Also understand these guys make you pay for stuff like financial planning software and office supplies! lol...they really are a small shop and very very political.

    Advice to ManagementAdvice

    Common guys, be a little more professional. I think then the company would be on the right track....right now its really sliding downhill.....its a complete has been at this point...

    Doesn't Recommend

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