TD Waterhouse

www.tdwaterhouse.com

TD Waterhouse Reviews

Updated December 12, 2014
Updated December 12, 2014
80 Reviews
3.4
80 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
TD Waterhouse President & CEO Ed Clark
Ed Clark
29 Ratings

Review Highlights

Pros
  • truly one of the best companies out there that are flexible with Work-Life balance (in 9 reviews)

  • Lots of opportunity for career advancement and good benefits (in 6 reviews)


Cons
  • where I worked it was back-office processing work, which can get boring as it is quite repetitive (in 3 reviews)

  • Low salary, limited growth, terrible HR policies (in 2 reviews)

More Highlights

Employee Reviews

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  1.  

    knowledgeable

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

    I worked at TD Waterhouse full-time (more than an year)

    Pros

    Helped understanding the structure very well

    Cons

    needed more people to assist.

    Recommends
  2.  

    OK company

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

    I worked at TD Waterhouse full-time

    Pros

    Easy work, mired in processes

    Cons

    Low salary, limited growth, terrible HR policies

  3.  

    Ad Sales Finance

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

    I worked at TD Waterhouse (more than an year)

    Pros

    1. truly one of the best companies out there that are flexible with Work-Life balance
    2. comraderie among the staff is something I always miss

    Cons

    the daily commute to Jersey City!

    Recommends
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Your happiness will be based on your relationship with your immediate supervisor.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Consultant in San Francisco, CA
    Former Employee - Investment Consultant in San Francisco, CA

    I worked at TD Waterhouse

    Pros

    Good benefits. Being a Canadian company does have it's perks.
    3 weeks of vacations, Profit sharing, 401k, and health benefits.

    Cons

    Inconsistent management. High turn-over rate created a unstable working environment

    Advice to ManagementAdvice

    Pay your employees a fair salary

    No opinion of CEO
  6.  

    TD Waterhouse - A great place to start and grow your career in brokerage

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

    I have been working at TD Waterhouse

    Pros

    Ample opportunity for advancement here. This place really cares about its employees and wants them to succeed. A very team-oriented environment with a great deal of cooperation between individuals.

    Cons

    Can be stressful at times when markets are in flux. Some customers will take out their losses on you, personally, so you need to be prepared.

    Advice to ManagementAdvice

    Keep up the good work-giving employes the chance and opportunity to develop fully. TD Waterhouse was a really great place to work when I was there and I hope it remains that way.

    Recommends
    Approves of CEO
  7. 2 people found this helpful  

    Horrible, discriminating management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Account Manager in San Diego, CA
    Former Employee - Account Manager in San Diego, CA

    I worked at TD Waterhouse

    Pros

    Opportunity to learn about the basics of trading.

    Cons

    The management.
    1. The management was utterly incompetant at the subject material. They thrived on negativity and failed to act like leaders.
    2. Courtesy of the "boys' club" mentality, out of 20 managers there was only one female manager. She scored a 98% on her Series 7. The better talent may have had leadership or mentor roles, but the decisions were made by people less competant. Other male managers barely knew what the trading floor was.
    3. Management failed to understand the nature of the business and we were just judged on numbers of calls taken. This will explain the poor customer service.
    4. Since it was just a discount brokerage, you're opportunities for growth was limited to management. And that was questionable.
    5. Goals and expectations were not made clear to us for performance evaluations. Former co-workers (good workers otherwise) were dismissed for taking time off for having family emergencies. Standards of performance were very subjective.

    Advice to ManagementAdvice

    Recruit managers from the trading desks or their respective departments; regardless of their gender. I survived through the leadership of my coworkers.
    TD Waterhouse trading desk acts like a dysfunctional backroom operations when they're supposed to be on the front lines as customer service. Many customer issues were not standard market issues and requires escalation by company protocol which involves management competancy of the basic in's and out's of the company-which they did not have. Having people skills is an understatement. Competancy and effective service is the best people skills.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    If you don't mind being a cog in the machine, TD will treat you well.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Software Engineer in San Diego, CA
    Former Employee - Software Engineer in San Diego, CA

    I worked at TD Waterhouse

    Pros

    I liked the managers and the work/life balance was good. The location was good at the time, but they don't have developers there any longer. I liked the local management. Of course it was better pre-2001 when the stock market was high flying. But I never felt the wheels fell off.

    Cons

    I was in software development. The deployment procedures were ridiculous and helped us all to not get much done. The local management was good, but there was a "branch office" feeling. The corporate management didn't seem to value us as much and performed surprising purges of our leadership from time to time.

    Advice to ManagementAdvice

    Encourage the sacrifice of turf wars for productivity.

    Recommends
  9.  

    lots of room to grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Operations Officer in Toronto, ON (Canada)
    Current Employee - Wealth Operations Officer in Toronto, ON (Canada)

    I have been working at TD Waterhouse

    Pros

    lots of room for growth

    Cons

    lots of politics involved getting promoted..if you dont know the right people even if you are good you dont stand a chance. but if you know people even if you don't know anything the job you will get it

    Advice to ManagementAdvice

    connections are important but skills should also be considered

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Good people, learned a lot, some good managers, some not so great

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at TD Waterhouse

    Pros

    Met a lot of good people, got raises and bonus's regularly, starting salary was somewhat low but it went up quickly within 2 years

    Cons

    Some of the managers were not the best, felt like I was just a number sometimes and got tracked for minutes spent on and off the phone.

    Advice to ManagementAdvice

    People tend to work harder when they are not micromanaged.

  11.  

    Most flexible employer I have ever encountered. They work hard to achieve a health work / life balance for employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Representative in Markham, ON (Canada)
    Current Employee - Investment Representative in Markham, ON (Canada)

    I have been working at TD Waterhouse full-time (more than 5 years)

    Pros

    Excellent entry into investment banking. Allowed me to plan a career path by getting exposure to a number of different positions in my industry. Shadowing sessions are easy enough to arrange for positions you may be interested in obtaining.

    Cons

    Unfortunately the pay does not reward the level of education that most of the employees have and the medical and dental benefits are not as good as they could be.

    Advice to ManagementAdvice

    Income for employees needs to be much higher than what most of us are getting paid. Shop for a medical and dental insurance company that offers better coverage.

    Recommends
    Neutral Outlook
    No opinion of CEO

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