Obsidian Financial Group

  www.obsidianfinancialgroup.com
  www.obsidianfinancialgroup.com

Obsidian Financial Group Reviews

5 Reviews
3.1
5 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Douglas Anthony Didominica
1 Rating

Employee Reviews

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  1.  

    Surrounded by very motivated and hard working people

    • 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 Obsidian Financial Group

    Pros

    All the support is provided for Series 7 Exams, and the work environment is very alive with people that you can talk to about anything.

    Cons

    The work itself involves a lot of cold calling as it is natural with the industry, and requires one to be extremely competitive.

    Advice to ManagementAdvice

    Have more face time with your brokers. The work is very individual-based but still people are working in the same room with other people, and some are so eager for chances to learn and develop networking, but it's not that easy when you know that a minute spent talking to you is a minute taken away from that person making calls.

    Recommends
  2.  

    FINRA expelled this firm from the securities industry in October 2013.

    Former Employee - Vice President of Investments in Woodbury, NY
    Former Employee - Vice President of Investments in Woodbury, NY

    I worked at Obsidian Financial Group full-time (more than 3 years)

    Pros

    Lax office environment, entrepreneurial culture, convenient location in Woodbury (right off the L.I.E.)

    Cons

    incompetent management, shady brokers, shared office space with unscrupulous mortgage company.

    Advice to ManagementAdvice

    The main office crumbled while management was away opening satellite offices.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Made me realize that I do not want to be a broker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Broker Trainee in Westbury, NY
    Former Employee - Broker Trainee in Westbury, NY

    I worked at Obsidian Financial Group

    Pros

    Freedom to choose when to take breaks.
    Employees are helpful to each other.
    Senior brokers can be helpful with building sales skills.

    Cons

    400+ cold calls per day
    Uses old leads
    Long work days for only $50 per day while in training.
    After completing series 7, pay only increases to $60 per day.

    Advice to ManagementAdvice

    Start training classes immediately. A new broker trainee like myself would appreciate a few hours off the phones during the first few weeks to begin preparing to become licensed.

    Doesn't Recommend
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  5.  

    a lot of sales

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

    I have been working at Obsidian Financial Group

    Pros

    high earning potential and room for growth

    Cons

    as with any sales jobs that are all commision, inconsistant

    Recommends
  6.  

    Stockbroker/ Registered Representative

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

    I worked at Obsidian Financial Group

    Pros

    -Excellent Training Program
    -Sponsor and pay for trainees
    -High Negotiable Pay out
    -Laid back atmosphere
    -Good Management
    -Fair base salary for beginners
    -Growing from strict brokerage sales to wealth management
    -No need to contact friends and family for business

    Cons

    -Long hours
    -400 dials a day
    -Almost all client leads tend to be out of the State of New York
    -Most leads are from cold calling

    Advice to ManagementAdvice

    -Set up a new sales technique which involves meeting with clients on appointments. This would create a closer relationship and increase comfort levels.

    Recommends

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