Monex - extreme turnover, ancient computers and programs, greedy owners, ANCIENT HORRIBLE MARKETING and terrible leads | Glassdoor
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Helpful (4)

"extreme turnover, ancient computers and programs, greedy owners, ANCIENT HORRIBLE MARKETING and terrible leads"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Account Representative in Newport Beach, CA
Current Employee - Account Representative in Newport Beach, CA
Doesn't Recommend
Negative Outlook

I have been working at Monex full-time (More than a year)

Pros

coworkers are in the same boat you are and are experiencing the pain you are going through

Cons

the owner lou caribini is in his 80's and what can i say marketing and advertising has changed in a couple decades. this company is so greedy that they WILL NOT update any adverstising to keep up with competitors. the company wants employees to trade clients furiously to churn or burn clients for gross profit for the company. during slow months the company cares so little about it's employees (some that have been with them for years that owners don't even know their names)

Advice to Management

walk around every once in awhile. learn the names of the people that work for you. fire your marketing manager that is 134 years old

Other Employee Reviews for Monex

  1. "Sales Rep"

    StarStarStarStarStar
    Former Employee - Sales Representative
    Former Employee - Sales Representative
    Negative Outlook
    No opinion of CEO

    I worked at Monex full-time (More than a year)

    Pros

    Great culture. Fantastic sales training. High quality employees.
    Sean Brazney in particular, the Sales Manager in charge of training and the 'green pea' sales team, has every one of his team's best interest at heart. Very effective and highly competent leader.

    Cons

    There just wasn't enough meat on the bone to make a living in my brief tenure. They're catching up with technology; pretty far behind. Combined with a flat/down metals market, most of the sales force is withering on the vine.


  2. "Senior Account Representative"

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

    I have been working at Monex full-time (More than 8 years)

    Pros

    Long standing company.
    Lots of leads to call.
    Company paid pension 5% of income fully vested after 7 years.
    Health Insurance
    Full support staff to help.
    Paid parking?
    You can make good money in a bull market.

    Cons

    Existing leads are mostly unqualified.
    Qualified incoming leads from advertising are sparse.
    Compensation/Commission is not what you think. It takes $4,000,000 worth of business to make $10,000 in any given month. THAT'S A GIANT CHUNK OF BUSINESS EACH MONTH!
    Sales managers (not the VP of sales) are HR employees at best, little to no knowledge/experience trading equities or commodities.
    Seriously antiquated systems in place.
    Owners are completely detached from the business.
    No dental insurance.

    Advice to Management

    None really. The owners don't listen to management and management doesn't listen to sales reps.

There are newer employer reviews for Monex
There are newer employer reviews for Monex

See Most Recent

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