Advisors Asset Management Reviews | Glassdoor

Advisors Asset Management Reviews

Updated January 12, 2017
27 reviews

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Full-time Part-time

2.0
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Advisors Asset Management CEO & CIO Scott Colyer
Scott Colyer
14 Ratings

27 Employee Reviews

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  1. "Working for AAM"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales
    Former Employee - Sales
    Doesn't Recommend
    Negative Outlook

    I worked at Advisors Asset Management full-time

    Pros

    President is well respected leader in industry; good benefits; great financial tools; excellent H.R. department, friendly co-workers.

    Cons

    Poor job security(recent layoffs); commission payouts vary, not universal throughout the company; products with high payouts are promoted and sold more, even though they may not be the best for the customer.

    Advice to Management

    Get all departments working with each other instead of competing with each other. Get the whole company on the same page.


  2. "Learn to survive in constant change."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Sales Consultant in San Antonio, TX
    Former Employee - Internal Sales Consultant in San Antonio, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Advisors Asset Management full-time (More than 5 years)

    Pros

    The technology is a plus and makes efficiencies in your day- Working on a good team can make your work life easier-

    Cons

    This firm unfortunately exploits it's RIA, broker-dealer & institutional customers- business model is to profit from excess markups- UIT fees also high & keep rising-other complex structured products w/ high fees that are a compliance nightmare.

    Advice to Management

    It's hard to feel good about firm when you're expected to "squeeze" your broker-dealer & RIA customers to make a profit.


  3. "Look elsewhere for professional development"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Advisors Asset Management full-time

    Pros

    Camaraderie between the employees and teams.

    Cons

    Nepotism and undeserving promotions of employees.


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  5. "Regional Sales Consultant"

    Star Star Star Star Star
    Former Employee - Regional Advisory Consultant in San Antonio, TX
    Former Employee - Regional Advisory Consultant in San Antonio, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Advisors Asset Management (More than a year)

    Pros

    This is a great learning opportunity.

    Cons

    Small company consistent pay cuts

    Advice to Management

    Invest in employees.


  6. "constant evolution"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at Advisors Asset Management full-time

    Pros

    challenging, convenient, fast paced, sales oriented, compliant

    Cons

    communication, senior management, internal dissension, employee oriented

    Advice to Management

    none


  7. "Not a place for dedicated/loyal employees"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales
    Former Employee - Sales
    Doesn't Recommend
    Negative Outlook

    I worked at Advisors Asset Management full-time (More than 5 years)

    Pros

    Some nice, considerate, non-management people. Great sales assistants..

    Cons

    After being a long-time (5yr) dedicated employee who loved to work for the firm, you find yourself out of a job without any explaination as to why! No communication.. absentee management.. truely ruined my career and life. In my 25 yrs in the business, this was truely the worst experience.

    Advice to Management

    Keep the people that give their life to make the firm succeed! I was a 7am - 6pm employee.. I lived for the firm.. I was let go without warning.. cast aside like trash. No way to treat loyal, dedicated employees.


  8. "Low Caliber"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fixed Income Trader
    Former Employee - Fixed Income Trader
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    This company has revolving opportunities due to high turnover

    Cons

    Management consistently fails to meet and pay bonuses after quotas have been met. Management is concerned for their back pocket only. Not well received in the fixed income market space. Poor benefits.

    Advice to Management

    Listen to you employees. Stop making exusession why overall companies goals were not achieved. Hire a new CEO.


  9. Helpful (3)

    "Advisory Consultant - Fixed Income"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advisory Consultant & Fixed Income Specialist in San Antonio, TX
    Former Employee - Advisory Consultant & Fixed Income Specialist in San Antonio, TX
    Doesn't Recommend
    Negative Outlook

    I worked at Advisors Asset Management full-time (More than 10 years)

    Pros

    The technology is incredible and has to be the envy of the financial industry.
    The San Antonio office is very plush with a large trading floor.
    If you bring in the moolah they love you.

    Cons

    CEO profits from bond UITs at the expense of investors by having his trader purchase bonds, them "move" them into CEO's private LLC where he marks them up for his gain + sells back in UIT. Investors get highly marked up bonds & pay fees too.
    People recommend UIT swaps that add layers of fees for investors where the financial gain + investment objective of the switch is undermined.

    Advice to Management

    Create a better culture. Don't encourage swaps and trades that bring revenue to the company and pay the salespeople but do not benefit the investor much (if at all). Document a purpose for swaps so they benefit investors.


  10. Helpful (2)

    "Market Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in San Antonio, TX
    Former Employee - Analyst in San Antonio, TX
    Doesn't Recommend
    Negative Outlook

    Pros

    They are trying hard to turn the company around.
    The CEO gets a lot of media attention.
    Incredible technology.

    Cons

    Management threatened & forced me to make lousy investment & swap recommendations that were terrible for investors.
    Can't trust management.

    Advice to Management

    Let the analysts have their own market views & don't let revenue influence people to make investment swaps that only line the company's pockets.


  11. Helpful (1)

    "Fixed Income Sales Trader"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fixed Income Sales Trader in Charlotte, NC
    Current Employee - Fixed Income Sales Trader in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Advisors Asset Management full-time (More than 3 years)

    Pros

    Small office environment in Charlotte. Job has some potential if you have strong relationships on the Street.

    Cons

    I worked for this company for 3 years and never recieved a raise. Managemnt talks a big game but when it comes time to reward employees, to agreed upon contract terms, AAM did fullfill their end of the bargin. Lots of clockwatchers and little to no vacation or sicktime. Company has very high turnover. Very few Street veterans here.

    Advice to Management

    Reward your employees for a jmaking goals. CEO should look to retire.



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