CBG Financial Group

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2.0 8 reviews

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M. Carleton Boothe, Sr.


25% of employees recommend this company to a friend
8 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Broker Trainee

    Broker Trainee (Former Employee) Boca Raton, FL

    ProsExcellent Management
    Learning experience
    Good Company Culture
    Introduction to Financial Markets
    Series 7 Training
    Contacting potential clients...
    Sales experience

    ConsA lot of Cold calling.... Atleast 500 calls per day...
    No research team

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    This place is a boiler room and nothing more.

    Stock Broker (Current Employee) Boca Raton, FL

    ProsThe only pro to working here is the potential to make decent commissions. That is, if you are willing to abandon any and all personal ethics you may possess.

    ConsLet's see: wasting your time in a dead end job, ripping people off selling stocks you know nothing about, working with uneducated people, risking your reputation and future employ-ability, risking legal actions against you for unsuitable investments, and the list goes on. The only difference between this firm and the movie Boiler Room is you are not selling fraudulent IPOs. The firm states it only serves high net worth individuals. However, they will open an account with anyone who they can take advantage of. You only need to research their brokers names through BrokerCheck on FINRAs website. Link http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/

    Advice to Senior ManagementIt is impossible to provide advice to career scam artists. The management at this firm has previously worked at notorious boiler rooms from the 90s. But to answer the question, having an elementary knowledge of the stock market and investments in general would work for starters. It seems unusual that every client of the firm is invested primarily in stocks. Management looking up the word diversification would also be beneficial.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Just a chop shop of licensed guys

    Broker (Former Employee) Boca Raton, FL

    Prostypical energy of a call room.

    ConsThis is simply a bare bones, bottom of the barrel firm, no research team, no analyst... your simply there to open accounts for the firm period...
    Once your burned out, there will always be some hungry, young, freshly licensed idiot to take your place and chase the dream...

    Advice to Senior ManagementIt's tough pitching accounts from a firm like cbg.. renegs are more prevalent than paid accounts... fun atmosphere though

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Chop Shop from the 90's

    Account Executive (Current Employee) Boca Raton, FL

    ProsOpportunity to learn from senior brokers how to do hard sales over the phone.

    ConsVerbally beating people up for money over the phone, building a positon and praying that a stock works out to generate a comission.

    Senior brokers will use junior brokers to build a book before firing them or letting them drown.

    Does not look good on a resume to other reputable financial firms.

    Advice to Senior ManagementLeave the financial industry.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    I wouldn't suggest working here

    Broker Trainee (Former Employee) Boca Raton, FL

    Pros-decent series 7 book to study from.
    -funny coworkers

    Cons- minimum wage salary to start off
    - lack of financial knowledge and very risky investments
    - you don't need a college degree to work here
    - lack of leadership
    - cold calling the entire day, you will do nothing else.
    - no real training

    Advice to Senior ManagementDiversify your investments
    Better training program
    Don't just focus on stocks, try bonds / options....etc

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Abusive hours, Boiler room, bad financial research.

    Stock Broker Trainee (Former Employee) Boca Raton, FL

    Prosmy co-workers were great. The environment is ok. And because it's a small company there is a bit of a team spirit

    ConsYou will work under a senior broker who will pay you nothing and take your first 15 accounts entirely. Then for the next year or so you will share the profits of the accounts you bring in but the accounts will stay for your senior broker. So after ur done with ur 15 acc plus 1 to 2 years of partnership, you will start again from ZERO !!! it's abusive. Plus they have bad resarch. They will sell you a dream, exploite you and bank in all the profits.

    Advice to Senior Managementdevelop an educational system. Promote other marketing strategies aside from cold calling. Develop real Financial Advisors instead of telemarketers.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Watch Boiler Room..

    Junior Broker (Former Employee) Boca Raton, FL

    Proshigh pay-out for established brokers
    nice co-workers
    will sponsor you for licenses (series 7 and series 63)

    Consas a Trainee/Jr. Broker - long hours for meager pay amounting to less than minimum wage.
    boring "pound the phone" type work with no variety whatsoever.
    the firm is unknown and lacks credibility.

    Advice to Senior Managementbroaden your horizons a bit and encourage your brokers to actually learn and understand finance, economics, and how the markets work. just sounding like you do isn't good enough.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Tremedeous Learning Experience

    Financial Representative (Current Employee)

    ProsI joined CBG as a trainee and I have had a great experience with them as I moved up through the system.
    -Great group of people to work with
    -Team camaraderie(anyone will help if they see someone around them struggling)
    -You will get in out whatever you put it --if you don't want to work hard this would be a con
    -Personal individual training that lasts as long or short as you need
    -The position is probably the hardest position you can imagine since it is mostly over the phone but once you starting seeing success you will feel extremely accomplished.

    ConsI don't really have anythign negative to say. This is the closest you can get to owning your own business so the cons will be a direct reflection of each individuals work performance but in general the hardest part is building a client base. Some people can do it some can't. You have to have a positive attitude at all times or you won't enjoy the job and you have to enjoy the market.

    Advice to Senior ManagementHonestly seeing what the 2 people previously have posted--I think management needs to toughen up on who they extend this position to stop giving people a shot at such a great opportunity who don't really want to work.

    Yes, I would recommend this company to a friend

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