Freedom 55 Financial Reviews

Updated August 21, 2015
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44 Employee Reviews

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  1. Insurance and Financial advisor

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

    Pros

    Excellent people to work with who care about you and help you in finding the road to success

    Cons

    None that I can think of, but I am sure there are some people in any organization that do not see the same future as others

    Advice to Management

    Keep up the good work. The strength of any company are the people that work there


  2. DBD

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at Freedom 55 Financial full-time (More than 10 years)

    Pros

    Provided with the oportunity to achieve the goals you set for yourself without limits.

    Cons

    Must be disciplined to experience success


  3. Financial Security & Investment Representative

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

    I have been working at Freedom 55 Financial full-time (More than 10 years)

    Pros

    Excellent training to get you started in the financial advice business. They provide a generous new advisor contract to help you in the early years. This is an excellent career for the driven, self starter that desires to make a six figure income as they build their business.

    Cons

    This is not the career for people that are shy. This is an activity business and you need to work hard to earn your rewards.

    Advice to Management

    Ensure you hire top quality candidates, no dusters.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Positive work environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at Freedom 55 Financial full-time

    Pros

    - great training program - managers are knowledgeable and easy to talk to - training bonuses/allowance - higher than industry average commission

    Cons

    - 100% commission - fast-paced environment - slow to start - demanding and competitive environment - hard business to get into initially

    Advice to Management

    - try to keep your people happy and positive - encourage people to participate in additional training - work together with other managers and their teams


  6. Good experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Saint John, NB (Canada)
    Current Employee - Financial Advisor in Saint John, NB (Canada)
    Recommends
    Positive Outlook

    Pros

    Excellent training great people to work with

    Cons

    100% compensation based need to be always looking for new business


  7. Feels like home

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Regional Operations Manager in Ottawa, ON (Canada)
    Current Employee - Regional Operations Manager in Ottawa, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Freedom 55 Financial full-time (More than a year)

    Pros

    Great company. Feels like family. Best training system in the industry. Recruits are paid through training and licensing. Best support system is there from management all you have to do is ask if you need any help. #lovethiscareer

    Cons

    A lot of change right now it's a little hard to keep up but it's all making things better in the business. You just need to stay on top of updates and you'll be fine.

    Freedom 55 Financial Response

    Mar 5, 2015 – Director - Advisor Recruiting Ottawa

    Thank you for taking a few minutes to share your thoughts about our office. It makes us very proud to know we are fostering a great team environment. We are always open to improvement; please don't ... More


  8. Good feeling

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Montreal, QC (Canada)
    Current Employee - Financial Advisor in Montreal, QC (Canada)
    Doesn't Recommend
    Positive Outlook

    Pros

    Training is paid and great

    Cons

    Costs are higher than average


  9. The hardest sales job you will find

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

    I have been working at Freedom 55 Financial full-time (More than a year)

    Pros

    Intense and comprehensive training, solid support system and flexible work schedule, good commission rates

    Cons

    No base salary, work odd hours, lots of cold calls, compensated only after contracts are placed (may take several months)


  10. Underwhelming Experience at Best

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Security Advisor in Barrie, ON (Canada)
    Former Employee - Financial Security Advisor in Barrie, ON (Canada)
    Doesn't Recommend
    Negative Outlook

    I worked at Freedom 55 Financial full-time (Less than a year)

    Pros

    The potential to make a lot of money is there.

    Cons

    In my personal experience, the biggest con was the fact that I had to sit through the single most unprofessional exit interview of my life. I don't know if the RD usually performs advisor exit interviews, but my director wasn't able to be there, so that is what happened in my case, and it was a terrible experience. Accusatory, unprofessional, and downright condescending because I chose a different career path. If you do go for this as a career and it doesn't work out, my advice is to quit via email. That exit interview was the last con on top of all the others that were my reason for quitting. The compensation structure is simply not sensible if they are serious about recruiting recent grads and/or young people who have any type of debt in today's economy. The "technical difficulties" that this company is currently facing as a result of some new online business platforms was irritating at best and impossible to work with at worst. And finally, there is a serious communication problem between the RD and the rest of the office.

    Advice to Management

    The communication problem needs to be addressed. Nobody is all-seeing and all-knowing, and it should be understood that there are always things going on that you may not know about. Encouraging more of a community feeling in the office where there is trust and openness would make it a much better place to work and would help to begin to solve that communication problem, but I'm afraid that the "trust" aspect has to be earned by management and RD, and I'm just not sure if I see that happening in a genuine way where it matters most. Also, on a side note, I don't think salary management members should be able to work as advisors as well. How can the company be sure that they are using their salary-paid time for their salary duties and not neglecting those duties for the chance to make more money? Because I'm quite sure that the company cannot be sure of that at all. And I'm even more sure that it is taking away from the time that certain people should be focused on being a leader on the management team in that office.


  11. Helpful (2)

    Tough job with potential to make good money. Just don't work at the wrong office!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Security Advisor in Barrie, ON (Canada)
    Former Employee - Financial Security Advisor in Barrie, ON (Canada)
    Doesn't Recommend
    Neutral Outlook

    I worked at Freedom 55 Financial full-time (Less than a year)

    Pros

    Potential to make big money, can work from home in many cases, flexibility in schedule and choice of what you want to sell and who you want to target to sell to.

    Cons

    Working in the Georgian Bay office was the biggest con in my time with the company. The management needs an overhaul as there is a really poor culture and little support for new advisors. Some of the directors and the ROM were awesome, but in some cases what went on was beyond surprising. There was a feeling that some of the directors/RD preferred to talk about new advisors without them there rather than supporting them and discussing issues with them. The job is a difficult but rewarding one, and it would be a lot easier to be successful if the fees weren't so astronomical and if there wasn't so much animosity and "office politics" going on within the building.

    Advice to Management

    Other than the ROM and the few genuinely great directors, management either needs to go through some kind of training overhaul or just an overhaul in general.



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