Wells Financial Reviews

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2.2
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Lonnie R. Trasamar
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Employee Reviews

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  1. Good company, low pay!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Manager in West Palm Beach, FL
    Former Employee - Credit Manager in West Palm Beach, FL
    Recommends
    Approves of CEO

    Pros

    Strong company with good direction. They were fairly successful with staying out of the subprime mortgage mess. They mainly focused on full documentation loans so they dont have the same downside as many other lenders out there. They do offer great benefits as far as a savings account with a strong interest rate, 401k and health benefits.

    Cons

    The starting salary is low and the bonuses are out of reach. In order to make any money at Wells fargo you have to go above and beyond your sales goals. You bring in a significant amount of revenue, but your compensation does not match.

    Advice to Management

    Work on a new bonus structure.


  2. Advisors

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Advisors with handed down client books have an advantage clearly.

    Cons

    Compensation and benefits for those without client ready lists is insulting.


  3. I quit

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Manager in Honolulu, HI
    Former Employee - Credit Manager in Honolulu, HI
    Doesn't Recommend
    No opinion of CEO

    Pros

    The people that work there are great and supportive. The pay is good for people who want to go into an entry level job.

    Cons

    You have to be on the phone for 4 45 minute shifts a day which is a huge drag, You get incredibly stressed to meet your sales numbers

    Advice to Management

    There is no advice i have for management. They are great and they have to do what they have to do.


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  5. Helpful (1)

    Great place to start work but leave when you have the opportunity

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Manager in Greensboro, NC
    Former Employee - Credit Manager in Greensboro, NC
    Doesn't Recommend
    No opinion of CEO

    Pros

    Interacting with customers. the benefits were good.

    Cons

    Had to make over 100 solicitation calls per day and read a script to customer. Sales leads were recycled and customers often times heard same script many times which made them dissatisfied with service.sales was more of a priority than doing what was right for the customer. Managers only cared about results and did not lead well.

    Advice to Management

    Care more about employees and customers more than just selling.


  6. Good overall

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Disapproves of CEO

    Pros

    It was a great stepping stone for me to start my career right out of school. I am glad I had the experience.

    Cons

    I wish my manager would have spent more time training with me.

    Advice to Management

    The company has since merged, but I would have had the managers act more like managers.



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