Scottrade Reviews

Updated April 19, 2015
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  1. Helpful (29)

    "Scottrade" = " TD Ameritrade"

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

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

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

    Pros

    Good hours, decent benefits, Work 8-5. I can't think of any other

    Cons

    How is it possible that Branch Managers are held to the same sales standards as IC'S?????? At any other firm. Managers aren't producers. We have soooo much else we are responsible for. What is happening with the gain/loss system??? It's been out for a MONTH??? The people that are positive on here aren't in the grind of being ins Branch !!!! Come work in a Branch for a day!!!! It's very easy to dictate what to do from head quarters. do the job and get 22 QD'S!!!! BTW. We aren't the minority complaining we are the Majority. There is a reason why so many people are unhappy

    Advice to Management

    Let the brokers in the branch offer guidance in the branch. Improve the outdated technology.

    Scottrade Response

    Mar 25, 2015Social Recruiting Team

    We understand your frustrations and appreciate your advice to management. All of our branch associates play a critical role in our business model, and as a result, we are continually looking for ways ... More

  2. Helpful (20)

    IT in need of Overhaul

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Database Development in Saint Louis, MO
    Former Employee - Database Development in Saint Louis, MO

    I worked at Scottrade full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Benefits were good. My salary was competitive. Had a great Microsoft MVP to keep the C# Architects from totally destroying the production systems.

    Cons

    New folks won't fit in if they worked in other shops because they can see how badly things are managed. Architecture rules the entire design without appropriate expertise. They were interns 8-12 years ago with no outside experience. Database MVP left. Perception is created by bad politics. Reality, even with concrete proof means nothing to IT leadership.

    Advice to Management

    As much as I like Ian, it's time for Rodger to clean house. Gut your IT management. Bring in experienced software provider leadership. Promoting within to this degree creates too much inbreeding. The entire IT Org is diseased. And yes, this was taken to HR. No results. I now work with some of the HR folks a new place where we smile all day and thank God we are out of there.

  3. Helpful (20)

    Not a great place to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Saint Louis, MO
    Former Employee - Anonymous Employee in Saint Louis, MO

    I worked at Scottrade (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    I find the salary to be fair enough.
    Lots of free things, like winning tickets to stuff and a summer carnival.
    Intranet has a lot of useful information.

    Cons

    The raises aren't good. Given how much work everyone is putting in, they should be higher. It seems to be a common consensus that we would rather have higher raises and salaries as opposed to two lump bonuses each year. It would be nice to see the extra money every check instead of just twice a year.

    Everyone is overworked and the buildings are overcrowded. However, they won't implement a work-from-home format that would allow people to essentially share desks and cut down on the space needed for employees.

    There is no lunch hour, and you're expected to eat at your desk, which is why we have eight-hour days. They say it helps with work/life balance, but when I can't get up to relax my mind for a half hour, it just makes me more stressed out as the day goes on. Many people I've spoken to feel the same, especially since Scottrade is always trying to get us to think healthy. Studies show that eating at your desk isn't healthy.

    Communication and socialization with co-workers is highly frowned upon. They expect you to come in, be quiet, and get the job done so you can go home.

    All managers seem to be micromanagers. It's impossible to have any level of true autonomy based on how controlling they can be with your work.

    You're scolded when you do wrong, but you won't hear any accolades when you do well. Beware.

    Advice to Management

    Take a long look at how your managers are trained. Very few people seem to be fully satisfied with their superiors mostly because they have very little training and don't know how to support their employees. It makes for an incredibly frustrating environment.

    Scottrade Response

    Apr 6, 2015Social Recruiting Team

    We’re sorry to hear you were unhappy at Scottrade, but would like to address some of your concerns. We evaluate our compensation structure on a regular basis to ensure our associates are being ... More

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  5. Helpful (1)

    Growing pains but excellent opportunities

    • 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 a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent opportunities for advancement and growth

    Cons

    Upper Management visions aren't always consistent

    Advice to Management

    Listen to those individuals who are actually closer to the work and don't make them feel afraid to speak up or disagree

    Scottrade Response

    Mar 17, 2015Social Recruiting Team

    We appreciate your comments and suggestions and thank you for your service to Scottrade.

  6. Helpful (16)

    Leadership Team is overbearing and they just don't get it

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

    I worked at Scottrade

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    Good Benefits, Good People in the Branches.

    Cons

    Not enough help from the Corporate side.

    Advice to Management

    Think about the branch employees a little more, they are making all the money for the company.

    Scottrade Response

    Jan 22, 2015Social Recruiting Team

    Thanks for sharing your thoughts. Our branch associates are highly valued within the company, as they play a vital role in our business and are oftentimes the foundation for building relationships ... More

  7. Helpful (22)

    THE TRUTH FINALLY

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

    I have been working at Scottrade

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    free covered parking at HQ?? really thats a perk wow new low...

    Cons

    very very low pay like even by St louis standards.

    Scottrade Response

    Mar 25, 2015Social Recruiting Team

    In order to address your concerns about pay, we want you to know that Scottrade performs annual compensation reviews using several industry-standard, third-party sources to ensure accurate alignment ... More

  8. Helpful (5)

    Caring company that's behind the times

    • 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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Benefits, vacation/sick time, and work/life balance is great.

    Cons

    Technology and systems are archaic. They also are not very good at keeping their employees in the loop.

    Scottrade Response

    Feb 23, 2015Social Recruiting Team

    Thank you for your review. We are always trying to identify new technologies in order to provide our clients with the tools to meet their changing needs. Our leadership teams are also discussing ways ... More

  9. Helpful (24)

    Growing Pains...

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scottrade

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    401k match and hours are great.

    Cons

    Saying they are going thru growing pains is an under statement. I don't think their pay is very good, they certainly don't care how long you've been working for them which is very dissapointing, yearly pay raises are truly depressing.

    Advice to Management

    Beef up staffing, more than anything you need to show your employees you care by giving raises that mean something. We brought in how much money last year and you believe you're fairly compensating your employees?

    Scottrade Response

    Jan 16, 2015Social Recruiting Team

    Thank you for sharing your thoughts. Scottrade reviews salary market data on a regular basis to ensure we are offering a competitive compensation package to our associates. We certainly value all of ... More

  10. New to Scottrade New Associate in a 2 person branch...have a few questions but prefer to ask anonymously.

    • 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 (Less than a year)

    No opinion of CEO
    No opinion of CEO

    Pros

    Everything so far! Excited to have this opportunity!

    Cons

    None. I feel there is a lot to be learned and I like to be prepared. Unsure of how effective the web based training will be as I am a more hands on learner.

    Advice to Management

    I am not yet a licensed broker. I know there is web based training available. How much one on one guidance and coaching does the branch manager provide? I know there is training at HQ that I will attend, but, is that for all new associates or just when I become a licensed broker? How soon will I be able to attend training? Excited to learn and also see St. Louis!

    Scottrade Response

    Mar 19, 2015Social Recruiting Team

    Welcome to Scottrade! New Investment Consultants who are not licensed will go through a study program to better prepare them to pass the Series 7 and 63 exams. This program lasts 10 – 14 weeks and ... More

  11. Helpful (27)

    You will lose customers just like you lost employees

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

    I worked at Scottrade

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    401-K matching
    You get a desk
    Business cards
    I'm required to write 5 but that's about it

    Cons

    Micro Management
    Expected to bring in new assets, yet not given tools that are promised to attract new clients
    Rudimentary tools at best
    Back office most of the time does not know the questions you ask and when they don't they pass you off to someone else resulting in circles
    Constantly strive to be Schwab or TD but have no innovation that defines Scottrade
    Everyone I know or knew that worked there has no plan of staying
    No room for growth

    Advice to Management

    Wake up. Your business model is not working and when you upset your employees then who will sell your products. A guy in a helicopter can only get you so far. If your employees hate working for you then no matter how many 100's of millions you put towards commercials doesn't matter

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