HFP Capital Markets

  www.hfpcm.com
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HFP Capital Markets Reviews in New York, NY

Updated May 22, 2014
All Employees Current Employees Only

2.8 28 reviews

54% Approve of the CEO

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Geoffrey Byruch

(13 ratings)

46% of employees recommend this company to a friend
28 Employee Reviews Back to all reviews
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    • Culture & Values
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    • Senior Management
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    • Approves of CEO

     

    If you put the time in you will succeed

    Intern (Former Employee) New York, NY

    ProsYou have to work hard and study to get your series exams done than you can make money.

    ConsIf you don't make sales your just another person that knows how to dial the phone.

    Advice to Senior ManagementActually help teach people how to become successful in this industry don't just hand them a phone.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    bad place

    Fixed Asset Intern (Former Employee) New York, NY

    Prosthere are no pros its a bad place to work at

    Consthe people there are racistis

    Advice to Senior ManagementNONE

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    OK to get your foot in the door...

    Sales and Trading Intern (Former Employee) New York, NY

    ProsFast-paced environment
    Resume Booster
    Firm sponsors all expenses for Series 7 & 63

    ConsCold calling
    Reading from scripts
    No Finance

    Advice to Senior ManagementInvolve sales force more in financial aspects

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Intern-Stock Broker trainee

    Stock Broker Trainee (Former Employee) New York, NY

    Pros-Descent training process
    -Better understanding of the finance industry

    Cons-Cold Calling all day long
    -Getting coffee for other workers
    -Nothing but a boiler room operation
    -Little opportunities for job growth

    Advice to Senior ManagementRespect your workers.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    This place is a joke

    Trianee (Former Employee) New York, NY

    ProsThis place is a joke

    ConsIm pretty sure this place will get closed down. No supervision. Screaming at people over the phone. Long hours just a terrible environment.

    Advice to Senior ManagementGet a high school diploma

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

    Disorganized

    Broker Trainee (Former Employee) New York, NY

    Pros- potential for unlimited salary
    - some great guys in the office
    - some of the senior guys are very helpful

    Cons- extremely disorganized
    - what seemed to me was a 'shady' background of the company
    - 'shady' background of the president/future C.E.O.
    - one is worried about loosing his/her job every day since individuals get fired for ridiculous reasons
    - 'boiler room' like atmosphere
    - extremely low base salary for trying to live in NYC

    Advice to Senior Management- increase the base salary
    - be more honest about the company's background
    - offer more benefits to employees
    - be much more organized
    - increase space

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Approves of CEO

     

    great experience

    Trainee (Former Employee) New York, NY

    Proslong pay int he long run

    Conshard to start as a trainee

    Advice to Senior Managementhigher pay in the beginning

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Disapproves of CEO

    1 person found this helpful  

    Worst Company EVER!

    Lead Qualifier (Current Employee) New York, NY

    ProsI cannot think of any.

    ConsComplete Boiler Room, and they promised me a salary and ended up paying me way less. Stay AWAY FROM THIS COMPANY!

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Terrible experience

    Registered Representative (Current Employee) New York, NY

    ProsGet sponsored for Series 7 & Series 63

    ConsExtremely low pay, even by industry standards. Terrible working environment. No opportunity for advancement.

    Advice to Senior ManagementTreat your talent better, pay them for the work they've done and maybe the revolving door at the front of your office will stop spinning.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    I was lied to from day one!!!!

    Registered Representative (Current Employee) New York, NY

    ProsThey will sponsor you for your series 7 & 63, they buy good leads. It is a young environment where dont have to be very professional

    ConsIts essentially a pyramid scheme where thew top 5 guys make money off the jr. brokers before firing you or bringing in new ones. They tell you the obligation (50 qualified accounts, recently changed to 100) is the tough part and if you can make it through that, the big money starts to come in. However, very few guys are given the chance to actually get through the obligation, and 80% of the brokers that do were fired within 2 months of getting through their obligation losing any chance to make real money because the accounts you get no longer go to your senior broker.

    Senior brokers are uneducated for the most part, while the other half is either college dropouts or just high school like the head of retail. There are no CFA's or MBA's and they have an inferiority complex to all the bigger firms. HFP is one of the least paying firms out there.

    There is no talk or understanding of the market as you are just told to push the product they need to be sold. Although not a boiler room (because they are selling real products) they are selling very bad investments under the guise of being safe that even the head guys do not understand. I am aware of plently of securities that HFP sold of companies the ended up going bankrupt.

    You expected to work 3 saturdays a month and until 9pm during the week (In at 7am)

    Most of the senior brokers do not have clean licenses and you can look that up on brokercheck, the head of the firm can not even sell securities in a bunch of states and another state is suing the firm. They are currently spending a lot of money on PR and want only good things to be seen when you search them. Including this site so be aware of what looks like what may be done by a PR pro, it likely is because nobody is happy at this firm except for the top 5 guys. Even the few mid-level guys I have heard are scared for their jobs now that they are making really good money because they do not reach quotas. And because of how the contract is structured they can fire you whenever they want down the road no questions ask. You have to sign it... Best of luck though

    Advice to Senior ManagementCompensate jr brokers for the work they do and earn. You know they are very underpaid and the obligation standards just arent feasible with the current pay structure

    No, I would not recommend this company to a friend

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