Convoy Financial Services Reviews | Glassdoor

Convoy Financial Services Reviews

Updated March 8, 2017
27 reviews

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27 Employee Reviews

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  1. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trainee in Hong Kong (Hong Kong)
    Former Employee - Trainee in Hong Kong (Hong Kong)
    Recommends
    Neutral Outlook

    I worked at Convoy Financial Services (Less than a year)

    Pros

    My boss is good, kind, and happy to share you many info and knowledge.

    Cons

    Still need more time to find out

    Advice to Management

    good


  2. "consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    Pros

    commission base, self-discipline could make a lot for you

    Cons

    need to cold/ warm call, your manager will direct you to approach warm network of yours

  3. "Very energetic, motivational working atmosphere"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Hong Kong (Hong Kong)
    Former Employee - Financial Advisor in Hong Kong (Hong Kong)
    Recommends
    Positive Outlook

    I worked at Convoy Financial Services full-time (More than a year)

    Pros

    - team works are excellent in convoy
    - a lot of backend support to the sales department
    - training system is very well round
    - uplines (seniors) are usually very helpful
    - diverse products range, many options for the client
    - good brand in Hong Kong, the founder (Quincy) got involved in a lot of competitions and TV shows

    Cons

    - commission was low, industry wise speaking
    - many people work happily (because of the friendly company culture), yet make so little money (and has to leave eventually)
    - your network plays a huge part in your result, people are going to tell you that's not the case as you can make cold calls and join booth to make sales blah blah blah and they are not lying, but let's face it, if you have rich people in your network, you will get them sign a deal which equal to 10x or hecking 100x of what a normal deal would worth, and a lot of 'deal record breaker' in convoy could dominate you with only 1 deal (mostly employees from Mainland China, and if you watch the news, the mainlanders are flooding the insurance market with money right now and the Chinese government has to find ways to block this matter), not necessary a con to convoy, it is just how the industry works, so control your expectation before taking part in the industry.
    - a lot of the Associate Directors have their own business and is only spend may be 2/3 or even only half of the time stay in the company nurturing the newcomers

    Advice to Management

    - raise the commission
    - aid Hong Kong employees to participate the mainland china market, street smart of the Hongkies should not be underestimated


  4. "No Regards for Clients"

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

    I have been working at Convoy Financial Services full-time

    Pros

    Very energetic and result focusing colleagues. They all like to compete, and are very smart in general.

    Cons

    The culture for the company has very little regards for its clients. The company only cares about its profit.

    Advice to Management

    A cultural change is needed to uphold its values and character.


  5. "Bad pay but flexible hours"

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

    Pros

    Hours are quite flexible as it's expected that you'll be out of the office a lot to meet clients

    Cons

    Low Salary, Salary isn't actually a salary but is an allowance given at the discretion of the company


  6. "Financial Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Hong Kong (Hong Kong)
    Former Employee - Financial Consultant in Hong Kong (Hong Kong)
    Doesn't Recommend
    Negative Outlook

    I worked at Convoy Financial Services full-time

    Pros

    Driven and well connected individuals will appreciate this sales focused environment
    Flexible work hours, accommodating to lifestyle needs
    Management takes hands off approach to allow independent planning

    Cons

    Little to no emphasis on people development and training
    No encouragement to learn or apply critical thought in regards to financial products being sold

    Advice to Management

    Please consider people development strategies beyond dangling financial incentives or pep talk seminars


  7. "Shotgun strategy financial services firm, no proper employee support"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Independent Financial Adviser in Shenzhen, Guangdong (China)
    Former Employee - Independent Financial Adviser in Shenzhen, Guangdong (China)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Convoy Financial Services full-time (Less than a year)

    Pros

    It's an opportunity to network with young, ambitious people starting their careers in finance. Also gives starting experience to those looking to break in.

    Cons

    Management was just concerned with increasing number of advisers, not improving the ones they had. There were half attempts at further training but there wasn't a true sense of team

    Advice to Management

    Hire less, develop more

  8. Helpful (1)

    "Senior Consultant"

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

    I worked at Convoy Financial Services full-time

    Pros

    Not rigid management and everyone can work the way he wants.

    Cons

    The remuneration package is not that good.


  9. Helpful (3)

    "Wealth Management Advisor"

    StarStarStarStarStar
    • 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 Convoy Financial Services full-time

    Pros

    A brokerage platform with various choices of financial products

    Cons

    Lacks of training, unsupportive internal staff

    Advice to Management

    Restructure of training program, guidance for internal staff to support frontline


  10. "Senior Wealth Management Advisor"

    StarStarStarStarStar
    • 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 Convoy Financial Services full-time

    Pros

    A varities of products for customers' choose

    Cons

    less and almost no product trainings to staff after the high turnover rate of staffing

    Advice to Management

    To improve and schedule more the product trainings


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