Zacks Investment Management

  www.zackswmg.com
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Zacks Investment Management Reviews

Updated August 20, 2014
Updated August 20, 2014
8 Reviews

2.1
8 Reviews
Rating Trends

Recommend to a friend
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BEN ZACKS
1 Rating

Employee Reviews

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  1.  

    Wealth Management Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Management Associate  in  Chicago, IL
    Current Employee - Wealth Management Associate in Chicago, IL

    I have been working at Zacks Investment Management full-time for more than a year

    Pros

    Job Security, Not much competition, Easy

    Cons

    Rare opportunities to move up in the company

    Advice to ManagementAdvice

    Be more transparent with you initiatives.

    Doesn't Recommend
    Neutral Outlook
  2.  

    Good starter Sales job

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    Current Employee - Wealth Management Associate
    Current Employee - Wealth Management Associate

    I have been working at Zacks Investment Management full-time for less than a year

    Pros

    working with warm leads, b-grade insurance runs $100/month

    Cons

    Poor management, lots of employment churn in wealth mgmt division, unprofessional

    Advice to ManagementAdvice

    Get professional mgmt

    Doesn't Recommend
    Disapproves of CEO
  3. 1 person found this helpful  

    Horrible, no room to grow

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

    I have been working at Zacks Investment Management full-time for more than 3 years

    Pros

    Get exposure that you wouldn't get at a larger company. Good work/life balance.

    Cons

    Everything, no grow, horrible managers, you just feel the negativity while walking through the office. Lots of office gossip, the managers are normally the ones who spread and feed the lies. Think of the worst company you could work for and then double that and you have Zacks.

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  5. 1 person found this helpful  

    Promise High - Deliver Low

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regional Vice President (RVP)  in  Chicago, IL
    Former Employee - Regional Vice President (RVP) in Chicago, IL

    I worked at Zacks Investment Management full-time for more than 3 years

    Pros

    Zacks provided "warm leads" to RVP's in their assigned geography. Other RVP's were generally sharp professionals who were competant. You were able to build up a sizeable stream of recurring revenue if you stayed at Zacks. Most RVP's who have stayed are doing quite well...

    Cons

    Bad management and very poor communication between RVP's in their home geographies and the team back in Chicago.
    We were charging clients almost 2% for management - however, that could not buy the response of Ben Zacks responding to legitimate questions as to why we were violating our stated investment discipline. "Wealth Management" consisted of an Investor Profile Questionaire - which one of the portfolio managers reviewed before making an allocation of a mixture of Zacks strategies. No estate planning, no tax planning, no insurance recommendations. The strategies had extremly high turnover which meant very complex taxes for clients and almost all short term capital gain treament for taxes. They also retroactively changed these allocations (against their "philosophy") in the midst of 2008 problems to be more conservative - which of course KILLED returns for clients when markets recovered in 2009.

    Advice to ManagementAdvice

    Listen and don't promise what you can't or don't intend to deliver on.

    Doesn't Recommend
    Neutral Outlook
  6.  

    Good compensation, great place to overcome objections or start your sales career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Management Associate  in  Chicago, IL
    Current Employee - Wealth Management Associate in Chicago, IL

    I have been working at Zacks Investment Management full-time for less than a year

    Pros

    Great support from your superiors, management seems quite involved in the affairs of others.
    Pretty good compensation opportunities even if you're a new graduate
    Base salary for all positions is really nice. Some sales oriented positions in other companies work on commission only.

    Cons

    Employer doesn't match retirement account contributions, decent benefits otherwise.
    The organization is on the flatter end of the spectrum meaning advancement opportunities are scarcer than larger corporations but advancement opportunities could be more rewarding I see this as a con, some people might see it as a pro.

    Advice to ManagementAdvice

    Talk about increasing benefits to attract more talent; organizations are moving towards more benefits oriented approaches to hiring talent.

    Recommends
    Positive Outlook
  7.  

    Nearly impossible to sell this investment company's products when underperforming S&P

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Adviisor/Sales  in  Chicago, IL
    Former Employee - Adviisor/Sales in Chicago, IL

    I worked at Zacks Investment Management full-time for more than a year

    Pros

    The Limited Partnership 2:1 Market Neutral was a great investment, wish I could have just worked on that product

    Cons

    Management was boiler room-esqe. Fees were off the wall and the SMAs were way way way underperforming the S&P... The leads provided were very weak and passed out in strage and suspicious ways

    Advice to ManagementAdvice

    You guys dont have the managing director I worked for anymore so - step in the right direction!
    Now beat the market.

    Doesn't Recommend
    Negative Outlook
  8. 1 person found this helpful  

    Wealth Associate=Telemarketer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Wealth Associate  in  Chicago, IL
    Former Employee - Wealth Associate in Chicago, IL

    I worked at Zacks Investment Management full-time for more than a year

    Pros

    If your good, and by good I mean exceptional at communication skills, you can make decent money for a first time job.

    Cons

    Misleading information about career growth
    Management abuses/hazes associates
    Compensation will be cut without notice. Commission is not paid out and response from management is "We will get you next month"

    Advice to ManagementAdvice

    Replace lower managment immediatley, possible lawsuits do to harassment issues.

    Doesn't Recommend
    Negative Outlook
  9. 2 people found this helpful  

    Salary is 100% commission. Commission rate is approximately 50% of the industry average

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Investment Consultant  in  Chicago, IL
    Current Employee - Senior Investment Consultant in Chicago, IL

    I have been working at Zacks Investment Management

    Pros

    A great place to get experience and build a book of business

    Cons

    No communication or opportunity fo advancement

    Advice to ManagementAdvice

    realize human capital has value.

    Doesn't Recommend

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