Scottrade

  www.scottrade.com
  www.scottrade.com

Scottrade Reviews

Updated December 18, 2014
Updated December 18, 2014
511 Reviews
2.8
511 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
410 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

Employee Reviews

Sort: Popular Rating Date
  1. 5 people found this helpful  

    Scottrade a great environment.

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

    I have been working at Scottrade

    Pros

    One of the best work life balanced company to work for. Lots of employee perks and a real effort to maintain an easy going atmosphere.

    Cons

    You must be a self starter and take advantage of quiet times with the online learning or assisting with projects other than your own. If you are not self directed and able to do this, you may get bored.

    Advice to ManagementAdvice

    Better communication of career path opportunities.

    Recommends
    Positive Outlook
    Approves of CEO

    Scottrade Response

    Dec 9, 2014Social Recruiting Team

    Thanks for your comments. A good work-life balance is important to us, and we’re glad to hear you’re taking advantage of the opportunities available to you.

  2. 6 people found this helpful  

    Great place to work

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

    I have been working at Scottrade full-time (more than 10 years)

    Pros

    Great place to work. 401k match of 50%. Has never laid off its employees. Benefits are strong. I have been with the company over 10 years. We have a great leader.

    Cons

    Too many employees still wanting to only provide service. If you do not want to be in Sales, leave the company so it can move forward. People don't seem to think change can be a good thing. I have made $30k more each of the last 2 years due to the new compensation plan. I work hard and have proven my sales skills. The years of getting paid to sit around waiting on a customer to call or come in are over. Get on board people!

    Advice to ManagementAdvice

    Get rid of those managers or investment consultants that are not producing and find quality sales people that want to make great income. They are hurting our ability to grow and move forward.

    Recommends
    Positive Outlook
    Approves of CEO

    Scottrade Response

    Dec 9, 2014Social Recruiting Team

    Thank you for your review. Our Branch Managers are an important component of our success. We’re happy to hear you understand and support Scottrade’s commitment to meet the changing needs and goals of ... More

  3. 6 people found this helpful  

    Boring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern - Hourly in Newport News, VA
    Former Employee - Intern - Hourly in Newport News, VA

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

    Pros

    If you are looking for a simple, clear cut job, this is for you. Scottrade is slow to change.

    Cons

    People do the same thing with little to know change for 15 plus years. There is little opportunity to think or be creative. All the "investment consultants" do is make cold sales pitches to current clients, trying to bring over more assets. It is an unsustainable and boring business model.

    Advice to ManagementAdvice

    Get rid of toxic, politically incorrect branch managers.

    Doesn't Recommend
    Neutral Outlook

    Scottrade Response

    Dec 9, 2014Social Recruiting Team

    We appreciate your feedback. While we may not have been a fit for you, we hope you gained some good experience to take to your next position.

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  5. 29 people found this helpful  

    Avoid at all cost

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

    I have been working at Scottrade full-time (more than 10 years)

    Pros

    None. Any of the pros written by score fluffers on other reviews forget that those pros are available at any other firm.

    Cons

    After years of focusing on clients they decided to change everything and in the process they destroyed the lives of hundreds of managers and associates. Proof that its still a mess, they hired outside guys from TD to mimic the success of competitors and the CEO that started this revolution has recently left without any reasonable explanation. Throughout the years I heard lies after lies; such as our associates are family but later discarded because they couldn't adjust to the changes, the years Rodger said "We are no going into sales" that's why many managers spent decades working there and today we're in the process losing our culture and family environment. I never thought that this would be done to so many people and have senior management with NO sales experience trying to convince you of what's needed is even wore.

    Advice to ManagementAdvice

    None, It pointless since senior management doesn't listen anyway. They'll tell you otherwise but nothing changes and if you're heard you get a target on your back.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Great company to work for with open communication.

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

    I have been working at Scottrade

    Pros

    The company has a family atmosphere, management is personable and approachable. They care about personal and professional development.

    Cons

    Can be hard to advance sometimes from within certain areas.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 26 people found this helpful  

    Slowly becoming toxic.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scottrade

    Pros

    Excellent benefits, decent vacation policy, good relationships with team members.

    Cons

    Very high profile employees have either left or got fired. Way too much work for any given employee. Too much micromanagement.

    Advice to ManagementAdvice

    Treat your employees fairly. Compensate fairly. Value your employees more so than the value of your company. Give your employees a sense of welcome, other than driving them out.

  8. 14 people found this helpful  

    Barriers to success

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

    I have been working at Scottrade full-time

    Pros

    Good work life balance. Laid back environment if you get a good branch. Good health benefits and 401k match.CEO isnt a bad guy.

    Cons

    Decreasing incentive payouts. Guidance referrals are barely worth your time the payout is so weak. Middle management lacks the sales experience and motivation to overcome the lack of pay. They also dont seem to know much when you ask them about where the company is heading or provide much support when you ask for it. Limited career advancement.

    Advice to ManagementAdvice

    Show some leadership. Stop doing role plays on conference calls when your leadership lacks sales experience.Figure out a way to motivate and properly compensate your employees.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9. 13 people found this helpful  

    Questionable future.

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

    I have been working at Scottrade as an intern

    Pros

    Pay for your licensing, good hours, growing company. Promotion from within seems to be easy and great.

    Cons

    Horrible since they changed from service first to sales first. The new environment has caused a lot of more service loving brokers to quit and find employment elsewhere

    Advice to ManagementAdvice

    Go back to service first brokers, we can't be expected to service all these clients and reach unrealistic sales quotas.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Through the experience I have, you gain a lot of analyzing skills

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Middle Office Intern in Saint Louis, MO
    Current Employee - Middle Office Intern in Saint Louis, MO

    I have been working at Scottrade part-time (less than an year)

    Pros

    One big pro of Scottrade would definitely be that they are a friendly group of people. I had interviewed with them about 4 times for 3 different positions and they were all extremely friendly.

    Cons

    There really has not been any cons so far with this company, but I will keep everyone updated if my opinion changes.

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    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 an year)

    Pros

    Good benefits - 401k match

    Cons

    No room for growth or advancement

    Recommends
    No opinion of CEO

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