There are newer employer reviews for Monex

3 people found this helpful  

extreme turnover, ancient computers and programs, greedy owners, ANCIENT HORRIBLE MARKETING and terrible leads

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Account Representative  in  Newport Beach, CA
Current Employee - Account Representative in Newport Beach, CA

I have been working at Monex full-time for more than a year

Pros

coworkers are in the same boat you are and are experiencing the pain you are going through

Cons

the owner lou caribini is in his 80's and what can i say marketing and advertising has changed in a couple decades. this company is so greedy that they WILL NOT update any adverstising to keep up with competitors. the company wants employees to trade clients furiously to churn or burn clients for gross profit for the company. during slow months the company cares so little about it's employees (some that have been with them for years that owners don't even know their names)

Advice to ManagementAdvice

walk around every once in awhile. learn the names of the people that work for you. fire your marketing manager that is 134 years old

Doesn't Recommend
Negative Outlook

12 Other Employee Reviews for Monex (View Most Recent)

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  1.  

    Lax management makes for flexible environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Account Representative  in  Newport Beach, CA
    Former Employee - Account Representative in Newport Beach, CA

    I worked at Monex full-time for more than 3 years

    Pros

    Uncapped commissions. If you want to leave early, no one will stop you, you are the master of your destiny. Meet a lot of interesting people.

    Cons

    The binoculars aren't powerful enough from the ivory tower. I keep hearing that to be successful you have to embrace change, Monex hasn't. Very LET THEM EAT CAKE attitude from owners.

    Recommends
    Negative Outlook
    Disapproves of CEO
  2.  

    account rep

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Representative  in  Newport Beach, CA
    Current Employee - Account Representative in Newport Beach, CA

    I have been working at Monex full-time for more than 10 years

    Pros

    Money can be good with a favorable market, once you've been there for a while hours can be lax. If you need a job and the market is hot you can make money.

    Cons

    In a bad market its hell, also they make money on transactions not book value like equity firms, they want you to constantly trade. Don't think that because you work there that makes you a financial advisor, if you try and get a new job, Monex is good for showing you can cold call but the company does not impress the large equity firms.

    Advice to ManagementAdvice

    listen to people that are working for you, ask them questions for improvement, change with the times.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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