David Lerner Associates Reviews | Glassdoor

David Lerner Associates Reviews

Updated July 18, 2018
43 reviews

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3.3
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John Dempsey
23 Ratings

43 Employee Reviews

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  1. "Love the team spirit at David Lerner Associates"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Associate At David Lerner Associate in Syosset, NY
    Current Employee - Sales Associate At David Lerner Associate in Syosset, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at David Lerner Associates full-time (Less than a year)

    Pros

    Wonderful place to work at, great guidance from upper management, exceptional training on new products that are beneficial to the clients.

    Cons

    Long hours, need to brew Starbucks coffee instead of the house brand.

    Advice to Management

    Continue with the youth movement. Changes over the past two years have been remarkable.


  2. "Investment Counselor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Counselor in Teaneck, NJ
    Former Employee - Investment Counselor in Teaneck, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at David Lerner Associates full-time (More than 3 years)

    Pros

    It is a network marketing scam for financial products.
    You don't get paid during training or studying for your license.

    Cons

    It is a network marketing scam. They will invite you for an interview and try to encourage you to convince your friends and family to invest in their products. They will boast you can buy annuities and life insurance products with the return on the investments. If you have money to invest in their products then you should just buy the annuities and insurance directly from the insurance company. There is little to no risk this way. If you buy investments in David Lerner then your returns are subject to risk and volatility. You need a considerable amount of money to invest in this company. If you have this amount of money then buy an annuity or life insurance product directly from the insurance company. These people are just trying to lay in the cut and get a piece of your money by having you invest in risky products. If you go for an interview or career seminar then do not give them any leads or recommend people to invest in this company. The information you have and the people you know are valuable to them. Make them pay for this information.

    Advice to Management

    Nice try!

    David Lerner Associates Response

    Jul 31, 2018

    We are sorry that you felt that this was some sort of scam. DLA is an established broker dealer that has been around since 1976. The Investment Counselor (IC) position is a lucrative career... More

  3. "Great place to work and build a career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at David Lerner Associates full-time (More than 3 years)

    Pros

    Great people, excellent management and a very nice place to work.

    Cons

    Dress code, better get yourself a lot of ties


  4. "Vice President, Investments"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Investments in Westport, CT
    Current Employee - Vice President, Investments in Westport, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at David Lerner Associates full-time (More than a year)

    Pros

    Flexible schedule. Good office location.

    Cons

    Very little management help.


  5. "INVESTMENT COUNSELOR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor in Syosset, NY
    Current Employee - Investment Counselor in Syosset, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at David Lerner Associates full-time (Less than a year)

    Pros

    Great company, management wants you to make money

    Cons

    A lot of hours and hard work, to include some weekends


  6. "I love Working For An Honest Company with Integrity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Counselor in Syosset, NY
    Current Employee - Investment Counselor in Syosset, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at David Lerner Associates full-time (More than 3 years)

    Pros

    Great Team, Exceptional Products, Terrific Leadership

    Cons

    Not Enough Healthy Eateries Around The Office

    Advice to Management

    Keep doing what you are doing. I love the web enhancements and the direction of the website. Its very progressive and modernized.


  7. "Finacial Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Were willing to sponsor for 7, and initial training. Sponsored information sessions and had radio marketing

    Cons

    primary focus of REITS and municipal bonds when other financial products would be better investments

    Advice to Management

    increase training on other products.

  8. "Dont Recommend"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at David Lerner Associates full-time (More than a year)

    Pros

    Small salary and flexible with sick days

    Cons

    High risk investments, cold calls from 9am-9pm

    Advice to Management

    Change training program


  9. Helpful (2)

    "Exceptional Company To Work For"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Manager in Syosset, NY
    Current Employee - Sales Manager in Syosset, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at David Lerner Associates full-time (More than 5 years)

    Pros

    I love the progressive atmosphere that is dedicated to learning, training, and customer focused. I've worked for other companies that are all about selling. David Lerner is about educating the staff to better inform the clients.

    Cons

    Not the closet commute from where I live. But worth the trip everyday.

    Advice to Management

    Keep up the training programs, I found them very beneficial & educational.


  10. Helpful (6)

    "Behind in the Times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Advisor in Syosset, NY
    Former Employee - Investment Advisor in Syosset, NY
    Neutral Outlook
    Approves of CEO

    I worked at David Lerner Associates full-time (Less than a year)

    Pros

    -They sponsor your licenses
    -They give almost anyone a chance
    -More than respectable first year salary and study stipend

    Cons

    -Very limited product selection
    -Very low retention rate
    -Way out of date technology system
    -Misrepresented the scope of the job
    -Zero lead generation
    -Limited potential for growth
    -Too many restrictions on how to promote yourself
    -Negative name recognition
    -Too much hands own control by family
    -Most of the investment advisors are just glorified salesmen forced to push the flavor of the month investment that may not be suitable to their clients
    -The old man is too hands on, tries to micromanage everyone.
    -Tony may be a good salesman and is somewhat fair, but not a good manager of others. Does very little managing and his personality can be harsh and abrasive at times which can rub some the wrong way.

    Advice to Management

    Honestly, management needs to reinvent and rebrand themselves completely. The average age of their clients is 73!!! The old man needs to retire and the company needs to promote people on merit rather on favoritism. Anyone with talent is going to leave and go somewhere better. Overall, not an A list professional culture fit.


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