Principal Financial Group

  www.principal.com
Work in HR? Unlock Free Profile

192 Employee Reviews (View Most Recent)

Sort: Rating Date

 

Career redo

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

Pros

Midwestern sensibilities. Well managed. Great culture. Support and encourage entrepreneurship. Best or next best-in-class in all core competencies: Retirement, insurance and investments. Great benefits. Great overall employee experience.

Cons

At times cautious to their detriment. With few exceptions their platform--pricing and client solutions--are available to captive and non-captive advisors alike.
Captive advisors, while we are open architecture (full access to non-Principal products), there is an over-emphasis via compensation disparity to favor PFG whenever possible. Coming from twenty year advisor and management wirehouse background where proprietary product favoritism was regulated out of existence, unsure how they get away with it. But who am I to complain?
Statutory employee--employer relationship (advisors are essentially contract employees with full benefits), while appealingly flexible for advisors, is said to be not-so-much in the eyes of the IRS!

Advice to ManagementAdvice

Mine has a tendency to over-promise. I think they could also benefit from making more of an effort to keep the stresses of management, particularly things that crowd out--even if only perceived by the advisors--time and advisor space ought to be kept to themselves. "If it doesn't directly impact my world, or negatively does so, I don't want to hear about it. And I sure don't want you using it as an excuse where my wellbeing is concerned."

Recommends
Neutral Outlook
No opinion of CEO

Other reviews for Principal Financial Group

  1.  

    quantitative analyst

    Former Employee - Equity Analyst  in  Des Moines, IA
    Former Employee - Equity Analyst in Des Moines, IA

    Pros

    people are friends in there

    Cons

    everything is fine, i just do not like des moines

    Advice to ManagementAdvice

    no

  2. 1 person found this helpful  

    Great Company Tough Industry

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

    Pros

    Everything Principal sells is top notch. Their own products or their outside network. The mutual fund family is excellent, life products are great, disability products are the best on the market and are widely sold by independents. 401k platform is the lowest cost on the market. Great benefits, corporate culture is excellent.

    Cons

    This industry is not for everyone. You need to have a 3 yr plan to make this job a career. If you do not have the backbone and connections to get you through the first 2 years, have a backup plan if the time comes to go elsewhere. Training of ok, but if you need help, like most of the companies in this industry, you need to go get it. Management will not come to you.

    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Principal Financial Group.

Worked for Principal Financial Group? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.