Hantz Financial Services Reviews

Updated August 11, 2015
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1.8
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John Hantz
30 Ratings

46 Employee Reviews

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  1. Helpful (1)

    Awful Culture/Good Training

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Hantz Financial Services full-time (More than 10 years)

    Pros

    They do a good job of training their financial advisors and specialists. Good financial planning model. A lot of hard working people. Great food at anniversary parties.

    Cons

    The culture is awful. Not a place I would recommend long term. If you are not like them, "senior leadership", then you are swimming against the current the whole time. If you value time and family over money, then this place is not for you. If you value money and only money, then this may be a fit. They preach entrepreneurship but don't allow you to make any decisions. Company benefits are not competitive. Technology and marketing are not priorities. Not willing to invest in advisors. Cheap

    Advice to Management

    Invest in advisors, marketing and technologies. Short term long term - going to have to sacrifice higher profits if you want to keep good people long term. Don't nickel and dime everything. Need to understand that everyone has different values-at some point time and stress are more valuable than money.


  2. Financial Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Sault Ste. Marie, MI
    Current Employee - Financial Consultant in Sault Ste. Marie, MI
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Hantz Financial Services full-time (Less than a year)

    Pros

    Great people to work with

    Cons

    You will work a lot of hours and there is a lot expected of you


  3. Helpful (6)

    You

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The people are pretty great

    Cons

    The hours will drain the life from you, if you don't mind 65 hour weeks and that being considered bare bones be my guest

    Advice to Management

    This isn't my dream, i didn't give up my livelihood to start your company don't expect everyone to act like it is


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  5. Helpful (4)

    Financial Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Bay City, MI
    Former Employee - Anonymous Employee in Bay City, MI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Growing company, neat business model.

    Cons

    Managers are not trained. They treat employees like they are W-2 not 1099 which is against the law. Potential Employees.... Know your rights when working as a 1099 employee. Overworked, full commission. Very cheap. Sales process is awful with no marketing plan. I would never recommend this company to my worst enemy.

    Advice to Management

    Respect employees -be professional.


  6. Helpful (4)

    Financial Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Hantz Financial Services full-time

    Pros

    Learn about the business / industry

    Cons

    Everything. Unethical, less than minimum wage until after 2 to 3 years if then, racist, biased, no employee reimbursement of expenses, no match on 401k, retaliation is a given- keep your mouth shut, you either quit or look the other way, family is not valued, your time is not valued, 61 hours plus is a given, training sucks, you are expected to do whatever senior management tells you even if it is unethical, commissions are manipulated/ not paid correctly, business model is nonexistent, every department just gets a shot at lining their pockets with client cash, was told by senior management " the faster you throw out your morals and values the faster you will do better at this job", minorities are hired to fill quotas, no time off, even when you ask, it is a setup from the beginning to the end, company is not really looking to help clients, clients are evaluated based on what funds they have available which determines the level of service that they receive. You will get robbed whether you are an employee or a client.

    Advice to Management

    None. They do not deserve any advice.


  7. Financial Planning

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Midland, MI
    Former Employee - Financial Advisor in Midland, MI
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Hantz Financial Services (More than 3 years)

    Pros

    Young company with mid age employees created a nice work environment coming out of college. Had a very high income potential.

    Cons

    The career is what you make of it and is very fast paced. If you don't like to work it's not the place for you.

    Advice to Management

    Not a whole lot to say here. They let you know what to expect and they aren't lying. Work hard, do what they say and you'll succeed.


  8. Helpful (4)

    Financial Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Southfield, MI
    Current Employee - Anonymous Employee in Southfield, MI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Hantz Financial Services full-time (More than 8 years)

    Pros

    You will learn a lot with a great training program. A few locations to be able to choose to work from.

    Cons

    Don't work there more than 5 years because you will not gain anything more from them and you will still be working 12 hour days.

    Advice to Management

    hire real managers not failed advisors that just beat down the employees.


  9. Helpful (4)

    Advisor

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Okemos, MI
    Former Employee - Financial Consultant in Okemos, MI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Hantz Financial Services full-time (More than 5 years)

    Pros

    They pay for you to get your licenses but that is about it.

    Cons

    On the surface the model makes sense but there really aren't that many specialists to support it. The turnover at the company is horrible so you can't have any consistency. There is no marketing support or budget. Any of the perks that there were have been pretty much cut to nothing. Even though Hantz Bank offers no competitive advantage it is forced on advisors and clients.

    Advice to Management

    Know your resources and treasure them, your employees


  10. Helpful (3)

    Equities Specialist

    Former Employee - Staff Accountant in Canton, MI
    Former Employee - Staff Accountant in Canton, MI

    I worked at Hantz Financial Services full-time (More than a year)

    Pros

    Good financial services experience you learn a lot on the job of every aspect of the financial services environment. Provide you with the ability to sit for your series 7 all paid.

    Cons

    Low pay, long hours, management is not open to changes in their programs


  11. Helpful (5)

    Financial Advisor

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Hantz Financial Services full-time

    Pros

    Not many people have been around for more than a year, so you will feel right at home just starting out

    Cons

    Horrible training, no education around products or market knowledge. You learn basic definitions. Multi-level marketing scam. Expected you to call all your family and friends, and let them meet with another financial advisor (I didn't even present my own job). Once I signed a few clients from my family, management got hostile. the VP of my branch called and said "you suck" literally. After you get them some clients, management wants you to quit so they don't have to pay you anymore. S-C-A-M! Learn from my mistake people

    Advice to Management

    Take a good long look inward and find your moral compass.



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