Scottrade

www.scottrade.com
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Scottrade Reviews in Dallas-Fort Worth, TX

Updated November 19, 2014
Updated November 19, 2014
5 Reviews
4.8
5 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
5 Ratings

Review Highlights

Pros
  • They do allow for a work/life balance that was much better than my previous employer (in 51 reviews)

  • It's also a great place for young college grads to get resume experience (in 32 reviews)


Cons
  • no room for advancement unless you want to change your job title and keep doing the same thing (in 23 reviews)

  • Politics, no room for growth - you're either a broker or a branch manager unless you want to move to St (in 20 reviews)

More Highlights

5 Employee Reviews Back to all Reviews

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  1. 2 people found this helpful  

    I love Scottrade!

    Current Employee - Branch Manager in Dallas, TX
    Current Employee - Branch Manager in Dallas, TX

    I have been working at Scottrade full-time (more than 3 years)

    Pros

    Going from service to sales was a huge plus for Scottrade. I am making alot of money now, I am getting to actually help clients, and i'm having fun!

    Cons

    Sometimes change can be a bit slow at times. Not everybody is on board going from being a customer service associate to a financial advisor.

    Advice to ManagementAdvice

    Keep up the great work! Keep increasing the compensation plan! Love the change!!

  2.  

    Solid company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stock Broker in Dallas, TX
    Former Employee - Stock Broker in Dallas, TX

    I worked at Scottrade full-time (more than a year)

    Pros

    Good benefits - 401k match

    Cons

    No room for growth or advancement

    Recommends
    No opinion of CEO
  3.  

    A fulfilling and very educational experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Branch Intern in Dallas, TX
    Former Intern - Branch Intern in Dallas, TX

    I worked at Scottrade as an intern (more than a year)

    Pros

    Scottrade emphasizes and rewards outstanding customer service. Incredibly flexible work schedule (college students). Starting hourly wage likely at/above $10 with steady performance-based increases. Guidance from licensed brokers; educational resources and training modules. Virtually no physical exertion.

    Cons

    Recent emphasis on asset-gathering suggests that sales skills may become more important for advancement in the brokerage industry than general service skills - fortunately, Scottrade's fee structure, quality and range of services are still strong selling points.

    Advice to ManagementAdvice

    Please don't homogenize Scottrade with other online brokers by imposing unnecessary fees and making the company too important for the customer's benefit. Also, I would suggest more compelling incentives for account acquisition, as other online brokers may actually be better than Scottrade at attracting large accounts in this way.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    If you are looking to get into the brokerage business, this is a good place to start.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Intern in Dallas, TX
    Former Intern - Intern in Dallas, TX

    I worked at Scottrade as an intern (less than a year)

    Pros

    Fair compensation
    Relaxed environment
    Helps develop customer relationship skills
    Good, if not excessive, education program.

    Cons

    More of a receptionist position
    Limited ability to demonstrate advanced knowledge of investments

    Neutral Outlook
    Disapproves of CEO
  6.  

    easy rewarding job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Broker in Dallas, TX
    Current Employee - Senior Broker in Dallas, TX

    I have been working at Scottrade

    Pros

    easy job compared to other brokers. no quotas!

    Cons

    no commission. explosive growth has slowed.

    Recommends
    Approves of CEO

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