John Thomas Financial

  www.johnthomasfinancial.com
  www.johnthomasfinancial.com

John Thomas Financial Reviews in New York City, NY

Updated July 23, 2014
Updated July 23, 2014
32 Reviews
2.6
32 Reviews
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John Thomas Financial Founder & CEO Thomas Belesis
Thomas Belesis
12 Ratings

19 Employee Reviews Back to all reviews

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  1.  

    Indifferent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Broker in New York, NY
    Former Employee - Senior Broker in New York, NY

    I worked at John Thomas Financial as a contractor (more than an year)

    Pros

    Great Training Program and way to obtain licenses

    Cons

    Hard to leave.
    Apply fear in Employees to stay and work.

    Advice to ManagementAdvice

    Invest in current people to keep a longevity

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    investment advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Adviser in New York, NY
    Former Employee - Investment Adviser in New York, NY

    I worked at John Thomas Financial full-time (more than 3 years)

    Pros

    you can say you work on wall st.

    Cons

    terrible place for growth, no security

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Criminals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stockbroker in New York, NY
    Former Employee - Stockbroker in New York, NY

    I worked at John Thomas Financial full-time (less than an year)

    Pros

    Series 7 and Series 63

    Cons

    Everything else was terrible.

    Advice to ManagementAdvice

    Don't get arrested

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    I'm sure they are out of business under this name but operating under several others

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Stockbroker in New York, NY
    Current Employee - Stockbroker in New York, NY

    I have been working at John Thomas Financial full-time (more than an year)

    Pros

    Very energetic work environment, but really that's about it. You can learn a lot about the business and the hard work it takes, but then again you can learn that at much better places that won't screw you over in the end.

    Cons

    Too many to list. Bottom line this is definitely not a place you should ever work at or with either of the Belisis brothers. George has a decent heart, or at least he used to. But Tommy will stab you in the back the moment he feels like it for the littlest thing possible.

    Advice to ManagementAdvice

    Greed kills, and as you apparently took nothing from your own speeches in the morning. The short route to success is the quick route to disaster.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Great Place!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stockbroker in New York, NY
    Former Employee - Stockbroker in New York, NY

    I worked at John Thomas Financial full-time (less than an year)

    Pros

    great environment, great people, a lot of energy, and if you are looking to be successful this would be the right place for you!

    Cons

    you will have to work 15+ and you are not allowed to sit down while your working hours

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    pump and dump

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Broker in New York, NY
    Current Employee - Broker in New York, NY

    I have been working at John Thomas Financial full-time

    Pros

    You can create an illusion of wealth and superiority.

    Cons

    Where do I begin? Well, for one, the will hire anyone who walks through the door with a suit and a pulse. Right away, you are suspicious. Does this company hold any kind of standard at all? No they don't because they cannot provide essential support that it takes to make someone into a successful broker. They just hire everyone and hope at least a few can raise some assets before the burn out.

         Firms like this are all too common and before you even think about becoming a broker you must realize that your chances of success are very slim. Even your chances at a real trade shop like Merrill Lynch are slim. At John Thomas Financial? HA! Slim to none. It's not the 90's anymore. Cold-calling is dead. John Thomas Financial revolves completely around cold calling retail investors and pitching stock that the firm probably holds long in some offshore account.

         The firm tells its brokers what to push and the only ones benefiting from it are the insiders. You may able to show your clients gains at first. But in the end, you will show loses. Where are the ethics? This firm is only concerned about short term profits. You want to become the next Bear Sterns? How many investors are you willing to screw over to get there? There's too much social media these days and that press alone can ruin your reputation before you ever dream about becoming the next Bear Sterns.

    Advice to ManagementAdvice

    You are way too aggressive and flamboyant which makes you easy to demonize in the press. You come off as a caricature of the fat cat banker.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Only the strong survive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive in New York, NY
    Former Employee - Account Executive in New York, NY

    I worked at John Thomas Financial full-time (more than an year)

    Pros

    Very nice office , everyone dressed to impress, performance is rewarded, very energetic atmosphere, u walk in to eye of the tiger booming in the morning, u are motivated to be successful, great opportunity for driven individual. Iv'e had months where I didn't take home a check and months where I took home 30K... its all about talent and work ethic.

    Cons

    they sometime force u into a partnership with a senior Broker and if u don't u get no help. monthly expenses- $1200. very Long Hours 8am-8pm. overall if ur good at sales n willing to work long hours... u can make a lot of money.

    Advice to ManagementAdvice

    don't allow senior brokers to force junior guys into partnerships, it only creates problems.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Not the best place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stockbroker in New York, NY
    Former Employee - Stockbroker in New York, NY

    I worked at John Thomas Financial full-time (more than an year)

    Pros

    You learn how sell
    You get your series 7 and 63 license
    You meet a lot of people that you will continue to stay in touch with over years in the financial industry

    Cons

    Very oppressing environment
    Are not knowledgly trained enough on securities
    All they care about is to sell, but don't care if it goes up or down
    It's a revolving door, within one year they must keep only 1% of the people hired,

    Advice to ManagementAdvice

    Invest in more quality trainees and try to keep people around. If you train people propperly you will become more successfull. Don't run your business like a pump and bump

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Great for starters

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Stockbroker Trainee in New York, NY
    Current Employee - Stockbroker Trainee in New York, NY

    I have been working at John Thomas Financial

    Pros

    Great for starters. aggressive environment

    Cons

    not for everyone. fast paced

    Recommends
  11. 1 person found this helpful  

    A boiler room.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at John Thomas Financial

    Pros

    there is opportunity to make it there if you dedicate all your time and have thick skin and alot of savings.

    Cons

    Standing all day with a bunch of ego centric greedy gordon gecho's. dialng the phone to make 500+ dials. The high pressure sales tactics didnt feel ethical, nor did the practice of the firm. "sell the stock when its high or low"

    Advice to ManagementAdvice

    try to focus more on the client and less on yourself/your commissions.

    Doesn't Recommend

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