David Lerner Associates Reviews

Updated August 14, 2015
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3.3
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John Dempsey
1 Rating

16 Employee Reviews

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  1. Helpful (1)

    Westport CT office is a great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor in Westport, CT
    Current Employee - Investment Counselor in Westport, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at David Lerner Associates full-time (More than 5 years)

    Pros

    The management team of Westport office (Jon, Brandon and Ashley) are great. For the first year, you get a base salary plus your commissions. If you are aggressive you can earn great commissions here. Hard work equals success. DLA has great reward trips as well, such as Miami, Puerto RIco and the Atlantis resort.

    Cons

    DLA is old fashioned - lots of paper forms. High turnover for new hires makes me concerned for the future of the company. You need to put in a lot of time (nights and weekends)

    Advice to Management

    John Dempsey is a strong leader; let him guide the course of the future.


  2. Back Office

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at David Lerner Associates full-time

    Pros

    Nice people - interesting work

    Cons

    No raises in 4 years.

    Advice to Management

    Take care of your personnel - it's your biggest asset


  3. Good people, terrible business model

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Counselor in Boca Raton, FL
    Former Employee - Investment Counselor in Boca Raton, FL
    Doesn't Recommend

    I worked at David Lerner Associates full-time (More than 5 years)

    Pros

    They get you licensed and give you a first year salary.

    Cons

    Sales manager that cant sell. Terrible and outdated training and business model. limited products to sell. bad PR history for the firm They spend money on the wrong things. Don't give you enough support if you're new to the business. Push you to sell to your friends and family far too much. No email?! Really? Yes. No email. Out of date phone systems.

    Advice to Management

    Disconnect yourselves from David Lerner and let the CEO run the business as it should be run.


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  5. I love my job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Syosset, NY
    Current Employee - Vice President in Syosset, NY
    Recommends
    Positive Outlook

    I have been working at David Lerner Associates full-time (More than 5 years)

    Pros

    The management is very caring. If my child gets sick, they understand that I have to go get him. It's a medium size company ,so you are never invisible, i live close to where I work, so I don't live on the train, as many of my friends do.

    Cons

    Since the company is not too big, I am often expected to wear more "hats" than just my job. We all pitch in and help if the need arises. The company size makes it hard to hide. They notice when you are not working, or if you are outside smoking too much. The IC's make a lot of money. The back office and support staff are fairly paid, but I wouldn't consider the salaries high.

    Advice to Management

    David Lerner is listed as the CEO. He is not the CEO, John Dempsey is. This is a family owned business that has had a few rough years, but has come out of it very well.


  6. excellent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor in Princeton, NJ
    Current Employee - Investment Counselor in Princeton, NJ
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at David Lerner Associates full-time (More than a year)

    Pros

    great place to work very family oriented

    Cons

    there are none except for the long hours to get started

    Advice to Management

    keep doing what you are doing


  7. Helpful (1)

    Would never work there again

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    If you work hard, you can make decent money.

    Cons

    Hours, management, questionable product placement


  8. Helpful (2)

    Great Compnay to work for. I highly reccomend

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great Income potential with uncapped commission

    Cons

    A bit difficult to build up your book of business when new to the industry

    Advice to Management

    Keep up the good work. Randy Aaronson specifically is an amazing manager.


  9. Helpful (2)

    Hope Lerner Leaves.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor
    Current Employee - Investment Counselor
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at David Lerner Associates full-time (More than 3 years)

    Pros

    Good people. Very nice people. Afraid to tell David to leave.

    Cons

    David can't shut his mouth. Poor little rich man. They are always picking on him. Boo hoo. Needs to leave company. He built up the company and he will tear it down.

    Advice to Management

    Loose Lerner.


  10. Sales and Marketing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Analyst in Syosset, NY
    Former Employee - Sales Analyst in Syosset, NY

    I worked at David Lerner Associates part-time (More than a year)

    Pros

    Great family like environment, good fun people.

    Cons

    You have to work hard to succeed

    Advice to Management

    Keep doing what your doing!


  11. Helpful (1)

    Big Fan!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President IC in Princeton, NJ
    Current Employee - Senior Vice President IC in Princeton, NJ
    Recommends
    Positive Outlook

    I have been working at David Lerner Associates full-time (More than 8 years)

    Pros

    My clients are the winners! I am so happy to be a part of this company. This type of job requires hard work and time to build your business. I believe that we offer a full range of investment and insurance products. We are unique in our investment philosophy and it works! My family is very important and management does a great job of being inclusive!

    Cons

    Fails to use technology to the fullest. Antiquated Systems. I believe that management and a sampling of the sales team should drive the innovation.

    Advice to Management

    Keep up the great work! As happy as I am.. we can always do better. I think we should upgrade our systems internally and also give our clients the ability to opt out of paper statements.



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