Independent Capital Management

  www.icmfinancial.com
  www.icmfinancial.com

Independent Capital Management Reviews

Updated November 13, 2014
Updated November 13, 2014
21 Reviews
4.0
21 Reviews
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Independent Capital Management President & CEO Drew Marloe
Drew Marloe
14 Ratings

Employee Reviews

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  1.  

    It is everything they said it would be!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Management Trainee
    Current Employee - Management Trainee

    I have been working at Independent Capital Management full-time (more than an year)

    Pros

    I love to help people reach their goals. There is a great feeling of satisfaction. Work with only the best companies is a great advantage!

    Cons

    Easy to become lazy if not self motivated.

    Advice to ManagementAdvice

    Keep promoting from within!

    Recommends
    Positive Outlook
    Approves of CEO

    Independent Capital Management Response

    Nov 11, 2014President

    Thank you. Independence is one of our biggest advantages compared to others in the industry. Our clients are our best source of new clients. This is why we can work strictly on referrals without ... More

  2.  

    Very Shady

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

    I worked at Independent Capital Management full-time (less than an year)

    Pros

    None. The company is more than a joke

    Cons

    Gossip never stops. They will never help you with marketing, training.

    Advice to ManagementAdvice

    Stop taking people's money

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Shady Sales/Marketing Company Pretending to be a Legitimate Capital Management firm

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

    I worked at Independent Capital Management

    Pros

    Not many pros for this company

    Cons

    No pay. Straight commission. Labelling people as independent contractors and making them pay for their own licensing fees is sketchy and illegal.

    Advice to ManagementAdvice

    Pay people like the employees they are and don't break the law by labelling them as 1099 independent contractors.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Independent Capital Management Response

    Nov 11, 2014President

    All of our new hires are full-time employees with W2 income and are eligible for health insurance , a 401k (with a significant match) and many other benefits when qualified. We have never had an ... More

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  5.  

    not for everyone

    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Independent Capital Management

    Pros

    the office environment was great. met a lot of really great people. managers are very supportive and helpful.

    Cons

    they have 2 pay routes. one is commission only and the other is a base salary of peanuts with commissions sliced in half. most people work on commission only. if you don't already have a client base somewhat established for yourself, it is very difficult to make enough money in the early months to be able to sustain a living. unless you have a lot of money saved up to float you or someone supporting you financially, it is very hard to get off the ground in the beginning. very high turnover.

    Advice to ManagementAdvice

    management in general is very helpful but the low pay killed me

  6. 3 people found this helpful  

    waste of time,

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Independent Capital Management

    Pros

    supposed "unlimited earning potential".
    flexible hours

    Cons

    you get paid with air for the first two months when you go through their "training". Then you drop $395 on the exams/licensures. If you pass then you start calling up all your friends and family and hitting them up for $$.

    Advice to ManagementAdvice

    Include a decent base and pay for the training and licensures and then maybe you won't come off as being so shady.

    Independent Capital Management Response

    Sep 2, 2014President

    We provide a salary option for those that prefer a steady income rather than unlimited earnings. It is a decent base salary but we are not permitted to pay an advisor long term if they are not ... More

  7.  

    This is the perfect company to begin a financial career.

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

    I have been working at Independent Capital Management full-time (more than an year)

    Pros

    Continuous training, learning at your own speed, management support, positive environment, and growth.

    Cons

    If you are not self driven you may not be able to handle the pressure of finding your own clients and setting appointments throughout each week.

    Neutral Outlook
  8. 3 people found this helpful  

    ICM fits me like a glove

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

    I have been working at Independent Capital Management full-time (more than 5 years)

    Pros

    The only limitations are those you put upon yourself; teamwork is great in the Torrance, CA office but you operate your own business: seeing whom you what and what you offer is not dictated by quotas but by what the client wants and needs. The company does not have its own products so you are able to recommend a wide array of services including investments, life insurance, and estate planning

    Cons

    Because I didn't have a sales background, the training program seemed confusing and rigid at first.

    Advice to ManagementAdvice

    Some managers could do a better job of giving prospects and newer employees a more realistic picture. Most people will not succeed because it takes hard work, confidence, and self direction.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Independent Capital Management - Torrance

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

    I have been working at Independent Capital Management full-time (more than 3 years)

    Pros

    Positive work environment. The management team are seasoned veterans helping the advisers in the office grow their practice. We have the flexibility to offer our clients a wide variety of services and products. We are not required or incentivized to pitch a particular company or product. We have a friendly group in our office that support each other.

    Cons

    It is overall a tough industry, we work hard.

    Advice to ManagementAdvice

    A great work environment.

    Recommends
    Positive Outlook
    Approves of CEO

    Independent Capital Management Response

    Sep 5, 2014President

    Thank you!

  10. 1 person found this helpful  

    Great place to learn the industry

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

    I have been working at Independent Capital Management full-time

    Pros

    The is the perfect place to get started in the business. The training and support you get from day one is outstanding. Coworkers and the work environment are second to none.

    Cons

    This business is hard work. Not your typical 9-5

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good place to get into financial services field

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative in Los Angeles, CA
    Former Employee - Registered Representative in Los Angeles, CA

    I worked at Independent Capital Management full-time (more than an year)

    Pros

    Flexible work schedule, helping others with financial status and long term planning

    Cons

    Starting up can be challenging since business model is based on referrals

    Advice to ManagementAdvice

    Help new consultants get a better start building their practice

    Recommends
    Positive Outlook
    Approves of CEO

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