Thrivent Financial - Company is struggling to emerge from the Lutheran foundation to be of service to other faiths | Glassdoor
There are newer employer reviews for Thrivent Financial
There are newer employer reviews for Thrivent Financial

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Helpful (3)

"Company is struggling to emerge from the Lutheran foundation to be of service to other faiths"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Representative in Atlanta, GA
Current Employee - Financial Representative in Atlanta, GA
Doesn't Recommend
Disapproves of CEO

Pros

Faith based
Fraternal Benefit Society
Quality products

Cons

Not much help for a brand new person, launch managers are stretched way to thin
No prospecting model
No name recognition outside the Lutheran faith

Advice to Management

Begin each new FR with better training and some focus on the things that will make a new FR successful in the long term
1. Prospecting
2. Marketing

Other Employee Reviews for Thrivent Financial

  1. Helpful (5)

    "rewarding but hard work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor Representative in Atlanta, GA
    Current Employee - Financial Advisor Representative in Atlanta, GA
    Recommends

    Pros

    large amount of quality products, overall positive customer opinion of the company because of the charity work. Comes with some built in leads.

    Cons

    Lack of name recognition, can only sell Thrivent products, people only think of this as an insurance company and do not want to do more work with you. Lots of weekends and nights because of the relationship with churches and the business model of working with people in their homes.

    Advice to Management

    Do more advertising to raise brand awareness, drop the for Lutherans part of the name and make it easier to get charitable money for outside organizations


  2. Helpful (5)

    "Primarily insurance sales. Good offerings all around, but stellar at none."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Associate in San Diego, CA
    Current Employee - Financial Associate in San Diego, CA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Company has a long history and honest products. Definitely not a fly-by-night operation. The biggest advantage is that the company works very hard to stay out of trouble areas in the industry and provide basic but reliable services. If you are a knockout insurance salesperson, you can do very well. Systems and processing support for reps are adequate. There are product offerings that allow for some sales in a variety of financial services areas (like insurance, investments, and banking).

    Cons

    You are on your own from day one. Like many small businesses, there's no salary, corporate marketing, brand recognition, nor assets under management for new hires. The monthly recurring costs are higher than many competitors and has significantly high turnover because of it. There are product offerings for a lot of different services, but they are not the top-tier in any of them. If you want to focus on investments, go to Edward Jones. If you want to sell insurance, got to New York Life. If you want to sell bank deposit products, join Chase. Compensation rates are relatively competitive for the industry but base salaries or corporate-covered expenses at most competitors usually make all the difference for new hires.

    Advice to Management

    Instead of trying to build an internal mentality that this is a premier, comprehensive financial services organization, realize that this is an insurance company and focus effort on being a great one. Figure out how to launch and keep talented reps. I've seen too many brilliant people leave for other top-tier organizations without so much as an exit interview. Be realistic about what the company is an embrace it. Give the field that message and let them feel supported.

There are newer employer reviews for Thrivent Financial
There are newer employer reviews for Thrivent Financial

See Most Recent

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