Scottrade
3.3 of 5 420 reviews
www.scottrade.com Saint Louis, MO 1000 to 5000 Employees

Scottrade Reviews in Los Angeles, CA

All Employees Current Employees Only

3.6 8 reviews

                             

86% Approve of the CEO

Scottrade Founder, President, and CEO Rodger O. Riney

Rodger O. Riney

(7 ratings)

83% of employees recommend this company to a friend
8 Employee Reviews Back to all reviews
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    I worked at City of Cerritos, CA part-time for more than a year

    Customer Service Representative (Current Employee)
    Cerritos, CA

    ProsLots of opportunities across the department to become involved in. Pretty clear and easy line of communication regarding any possible concerns. Management has changed for the better recently

    ConsWorking for the City of Alexandria can be tough to get your foot in the door as often the majority of hires are actually re hires but they have to go through the "hiring process." Unfortunately you'll never know what is going on until you receive an email months down the road.
    Advice to Senior Management – Be up front about rehires

    Advice to Senior ManagementI would recommend this company to a friend

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    It was a chill place to work at. Learning everything quickly while servicing clients is hard.

    Branch Intern (Former Employee)
    Pasadena, CA

    ProsThey do everything they can to workout with you. They are very lenient

    ConsThe manager is constantly looking over your shoulder as he should.

    Yes, I would recommend this company to a friend

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    Great Company

    Intern (Former Employee)
    Los Angeles, CA

    ProsNice and knowledgeable co-workers.
    Good benefits.
    The company provides in dept training.

    ConsLimit room for growth in local branch office.
    Same work almost everyday.

    Advice to Senior ManagementThe branch manager should have made some decision independently.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    5 people found this helpful  

    Great for those looking for an easy restful career

    Stockbroker (Current Employee)
    Los Angeles, CA

    ProsNot a heavy work load
    Low Expectations
    Never was forced to work over 40 hours in a week
    No micromanagement from district managers
    Friendly co-workers
    Rodger is awesome

    Cons- Currently being asked to sell with a flat salary and zero incentives to work
    - Your career will be stuck in neutral when you rise to branch manager so don't expect to get rich or have an executive title unless you are willing to move to St. Louis.
    - Scottrade attracts a ton of novice and less wealthy investors. Expect to explain the very basic fundamentals to $500 account holders daily.
    - You may work in an office of less than 4 people so your day relies heavily on a small number of people.
    - Scottrade prides itself on promoting from within, which is pretty cool but it creates a whole mess of underqualified mid-level managers. The backgrounds of the management is very "humble" compared to that of competitors.
    - There are a ton of arbitrary daily tasks that must be completed that add no value to the branch and could easily be eliminated or automated. Tons. This includes Compass calls which, once again, make no impact on paychecks. On a positive, I believe this will be changing.

    Advice to Senior ManagementJust because the market is bad for financial services does not mean you need to ditch your values for short term profits. Customer service will win out in the long term so stop sweeping it under the rug to be like everyone else. If Scottrade changes to be like it's competitors then it has lost it's differentiation. Investors come to Scottrade for cheap trades, local branches, and the avoidance of pushy sales people. Add the pushy sales people, and you have much less to brag about. I doubt you would not consider it, but if you wanna be taken seriously, drop the word "trade" from your name. It devalues a solid brand and will keep the big money away. Raise the account minimum to $2000. One last point, when you start compensating based on sales targets, I expect you be willing to open your pockets. Top sales people industry wide make in the multiple hundreds of thousands. Even if you do not go that high, a 45k base with the "opportunity" to finish with another 15k in commission bonuses is less than appealing. Despite my complaints, I do enjoy working here.

    Yes, I would recommend this company to a friend

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    No Growth

    Broker Intern (Former Employee)
    San Gabriel, CA

    ProsFlexible environment.
    The manager is extremely nice.

    ConsNo room to grow once you reach a certain stage.

    Advice to Senior ManagementBe more proactive

    No, I would not recommend this company to a friend

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    Branch intern

    Intern (Current Employee)
    Palmdale, CA

    Proscan be a very good work environment since it is an office setting and you can enjoy a great work/life balance if you have the right team.

    Consdont get a change to learn much about placing trades or other broker duties due to being non licensed employee. not a lot of career opportunities to move up due to hq being in st louis

    Advice to Senior Managementneed to catch up with competitors and stop being the last to the party.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Depends on what you're looking for...

    Anonymous Employee (Former Employee)
    Los Angeles, CA

    ProsSmall branch environment makes it easy for you to interact with other employees; technology in terms of computer and software was really great.

    ConsUnless you're working at HQ, it's hard to see opportunities for advancement. Once you're a broker, you may eventually become a branch manager, and then what?

    Advice to Senior ManagementKeep expanding branch size, keep the helicopter for commercials because it's awesome, and giving employees gifts is always appreciated, especially in hard times!

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    The Best!

    Stock Broker (Current Employee)
    Los Angeles, CA

    ProsSense of family within Scottrade, great work environment with fellow colleagues, fair compensation, fun environment, gain priceless sales experience within the company.

    Consthe only downsides to this company is the lack of advancement and compensation. The term discount broker really applies and the employee really gets the the discount compensation. And not much room for advancement within the company unless you move to St. Louis.

    Advice to Senior ManagementShould offer advancement in the company and increased compensation to branch employee's. The environment is great at Scottrade, wonderful employee's and great communication between co-workers.

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Scottrade – Why Work for Us?

A Brief History of Scottrade Rodger Riney began our company more than 30 years ago with a focus on providing deep discounts along with customer satisfaction to the individual investor. Since then, we have dramatically… Full Overview

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Glassdoor is your free inside look at Scottrade reviews and ratings in Los Angeles, CA — including employee satisfaction and approval rating for Scottrade CEO Rodger O. Riney. All 8 reviews posted anonymously by Scottrade employees.