Canaccord

  www.canaccordfinancial.com
  www.canaccordfinancial.com

Canaccord Reviews

Updated August 12, 2014
Updated August 12, 2014
12 Reviews
2.5
12 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Canaccord President, CEO and Director; Vice Chair and Global Head of Cannaccord Adams; President and COO, Cannaccord Adams Limited (UK) Paul Reynolds
Paul Reynolds
7 Ratings

Employee Reviews

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  1.  

    Canaccord Adams without the Genuity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA

    I worked at Canaccord

    Pros

    Strong mid and small cap coverage. Very good sales and trading operation that competes with any larger shop. Access to strong research and established client pipeline.

    Cons

    Canaccord Genuity has some very wonderful people who are respectful and smart. However, there is an entrenched attitude of easternly elitism in some of the larger, older offices.

    Advice to ManagementAdvice

    Communication and written protocal trump all else. Employees need access to honest job reviews and bonus related awards. Keep up the good work.

    Recommends
    Approves of CEO
  2.  

    Not the right fit for me

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Advisor Assistant
    Former Employee - Investment Advisor Assistant

    I worked at Canaccord full-time

    Pros

    People that I worked with were great, friendly, sr. advisors were very supportive and would sit to offer help and support.

    Cons

    Command and control leadership, never knew what targets were, all bonuses were at manager's discretion (aka never getting one). Management was always looking at the "so what have you done for me recently?" Work life balance doe not exist for first 5 years until one is able to get established - fair but one just needs to know.

    Advice to ManagementAdvice

    Culture in the office is great for the inner circle of people at the top; but if continuity of the business is a thought, you will need to foster some of the younger talent

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Amazing people & hard working culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Administrative Assistant in Toronto, ON (Canada)
    Former Employee - Administrative Assistant in Toronto, ON (Canada)

    I worked at Canaccord as an intern (less than an year)

    Pros

    - Great people to work with and a very pro-learning environment
    - everyone around you is very smart and connected
    - Access to equity research was great
    - you always know whats going on in the company in every segment

    Cons

    As the company gets bigger, communication does slow down or get lost if you don't follow up every time

    Advice to ManagementAdvice

    Keep doing what you are doing

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - CEF Trader in London, England (UK)
    Former Employee - CEF Trader in London, England (UK)

    I worked at Canaccord full-time (more than 3 years)

    Pros

    excellent management structure and positive leadership leading to good morale in the workforce. Good inter-departmental communication.

    Cons

    Unsure of the direction of where the company wants to move towards as regards growth

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Shareholders over employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Vancouver, BC (Canada)
    Current Employee - Anonymous Employee in Vancouver, BC (Canada)

    I have been working at Canaccord full-time (more than 10 years)

    Pros

    Decent salaries and benefits, good investments in infrastructure, great people to work with

    Cons

    Ineffective middle management, little or no training, significantly reduced bonuses despite greater workloads, poor morale, total focus on bottom line and shareholders, terrible HR department, little or no regard for employee satisfaction

    Advice to ManagementAdvice

    Productivity improves when morale is high. Recognize achievements, focus on retaining high performers, and improve bonuses for back office staff. They are the backbone of the company, without them the earners can't do their jobs.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Associate Investment Advisor (Montreal, QC)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Advisor/Associate Advisor in Montreal, QC (Canada)
    Former Employee - Investment Advisor/Associate Advisor in Montreal, QC (Canada)

    I worked at Canaccord part-time (more than 8 years)

    Pros

    Entrepreneurial work atmosphere, 1st year base salary for rookie advisors plus commission.
    Great location, and beautifulnew offices.

    Cons

    Significant management issue up til 2010, significant turnover since 2000.
    A major down sizing last year 50% of all offices closed, but Montreal office remained open. Work atmosphere was very clouded and negative always the fear that branch may close down.

    Advice to ManagementAdvice

    "Change" implies an ending of old ways of managing and the introduction of new more affective ways to motivating employee performance, increasing trust and redcucing employee attrition.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    A slow, painful downward slide

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking in Vancouver, BC (Canada)
    Former Employee - Investment Banking in Vancouver, BC (Canada)

    I worked at Canaccord full-time (more than 5 years)

    Pros

    Compensation, bonus, good location. When the family that founded the company still ran it, it was a fantastic place to work, great teams, respect, hard working.

    Cons

    Since a RTO was accomplished by former rival GMP and the Reynolds cabal it has been a slow and painful downward slide. Money is all that matters. People are completely expendable. Terrible corporate culture. Lack of honesty, decency, values.

    Advice to ManagementAdvice

    Learn some values. Start at the top.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Equity Analyst

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

    I have been working at Canaccord

    Pros

    All hands on deck allows staff to become multi faceted.

    Cons

    No formal training. Revenue earners not rewarded.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Decline your offer if you get it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Vancouver, BC (Canada)
    Former Employee - Anonymous Employee in Vancouver, BC (Canada)

    I worked at Canaccord full-time

    Pros

    Only Pro I could think of is being able to leave after the market ends.

    Cons

    Almost everything. No training at all. Basically they say hello welcome to canaccord, here's your seat. Thats it... No help from co-workers. IA think they are the next warren buffett, but actually they just want more commission.

    Advice to ManagementAdvice

    Hire IA's and employees for their skills and experience, not because they have connections to current / former employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Waste of time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Advisor in Victoria, BC (Canada)
    Former Employee - Investment Advisor in Victoria, BC (Canada)

    I worked at Canaccord

    Pros

    High payout compared to most other firms, decent benefits over all, and the other advisors are really what made it bearable.

    Cons

    No feedback, and the firm makes rash decisions too often. There is no feedback, and certainly no assistance for new advisors... which makes it hard to grow. A lot of trial and error... at first.

    Advice to ManagementAdvice

    Train the managers, and make sure that communications are accurate and past employees aren't inadvertantly subverted in order to keep them from becoming competition later.

    Doesn't Recommend
    No opinion of CEO

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