Foresters Financial Full Service Financial Representative Reviews | Glassdoor

Foresters Financial Full Service Financial Representative Reviews

Updated March 30, 2017
71 reviews

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Full Service Financial Representative

3.4
Star Star Star Star Star
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Bill Lipkus
5 Ratings

Employee Reviews

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Pros
  • The training program for new financial representatives is state of the art and helps you start building your business from day one (in 24 reviews)

  • Good work - life balance; managers can be very accommodating (in 11 reviews)

Cons
  • No work/life balance, at least if you plan on being successful (in 16 reviews)

  • You will be pressured to sell to friends and family (in 13 reviews)

More Pros and Cons

  1. Helpful (1)

    "Financial Service Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Service Representative in Tampa, FL
    Former Employee - Financial Service Representative in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    It has a good training program, friendly staff, and open door policy.

    Cons

    Don't allow enough time for growth


  2. Helpful (10)

    "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Services Representative in Woburn, MA
    Current Employee - Senior Financial Services Representative in Woburn, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Foresters Financial full-time (More than 5 years)

    Pros

    As an independent contractor, you are able to set your own schedule and build your own clientele while also receiving the full support of upper management. There is no cap on your earnings and you are compensated based on how hard you are willing to work. Extremely rewarding being able to work with people daily in reaching their financial goals.

    Cons

    The first few years are a challenge to get started and build an income for yourself. There is some base salary and benefits for newer employees until they get their feet wet and phases out once you reach seniority.


  3. Helpful (9)

    "Excellent Company to Bring to your Network"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Overland Park, KS
    Former Employee - Financial Services Representative in Overland Park, KS
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Foresters Financial (More than a year)

    Pros

    Solid training that allows you to earn a decent hourly wage while learning the business from management and development teams. Awesome team-oriented atmosphere that was generally accepted and adhered to consistently. Some top notch resources available to representatives. Family orientation from top-down. Was cool to be a rep with the ability to talk to Wall Street fund managers. Great financial firm to work with.

    Cons

    During my brief time, there were new management and changes that were not cohesive and centered around miscommunication. I wasn't able to succeed due to a lack of strong network to build so nothing the company could have done.

    Advice to Management

    Continue a hand-on approach for new reps. The training and resources available are incredible but need to find situations to actually use everything. Not sure how but with the focus on obtaining more, high quality appointments, there needs to be more on how to consistently set and keep those appointments.


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  5. "Emphasis on Life Insurance Products"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Westbury, NY
    Former Employee - Financial Services Representative in Westbury, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Great atmosphere of ambitious professionals with a great overall company mission.

    Cons

    Minimum wage essentially while working as a financial services representative. Switch to IC will take much longer than described.

    Advice to Management

    Don't shove life insurance sales on new representatives as their only goal.


  6. "Financial Services Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Service Representative in Fort Myers, FL
    Former Employee - Financial Service Representative in Fort Myers, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Ability to receive FINRA based licenses

    Cons

    Sales, Sales, Sales. All they care about is meeting quota


  7. Helpful (1)

    "financial advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Charlotte, NC
    Former Employee - Financial Services Representative in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    nice work environment, new office space.

    Cons

    Management will not allow you to do your job. It is micromanaged by director, you can not have a free thought of your own.


  8. Helpful (9)

    "Great if you live with parents or have a year's salary saved"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Phoenix, AZ
    Former Employee - Financial Services Representative in Phoenix, AZ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Foresters Financial (Less than a year)

    Pros

    Once you become independent contractor you're free to make your own schedule. If you can make it 2-5 years you should be able to generate enough business to live a very good life style off your passive income. Once you get the ball rolling it can be easier to find people to sit with via referrals.

    Cons

    Management gives little help. There really isn't any training. Management sets the bar way to high right out of the gate. They assume everyone can be setting 10-15 appointments a week just because they did it once. Once you pass your licenses you go on the floor where you basically dial until 8PM trying to set appointments, if you want to leave at 7, get ready to feel guilty. Can be very hard if you have no natural market to reach out to. They give little help with people to call, the "leads" are numbers that don't work or the people are no longer living.

    This job will be great if you're a student right out of college and can live with your parents for a year while you make $675 for 100 hours bi/weekly, or you're someone that has 500 people to call and meet with. The senior reps are all successful because they have the money to put down for things like seminars and dinners to get in front of people that want to listen, but until then be ready to be dialing until 8PM and finding people with a few hundred bucks to save until you can really build your practice

    Advice to Management

    Get your new reps in front of more quality people. Front the bill to do seminars where people come to listen. Get good leads of people that are looking for what you sell rather than a list where 85% of the phone numbers are disconnected. Don't let your employees fear asking questions or fear wanting to leave at 6:45 because they have nothing left in the tank for the day. Just because it worked for you 10 years ago doesn't mean it still does.


  9. Helpful (6)

    "Financial Services Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Seattle, WA
    Current Employee - Financial Services Representative in Seattle, WA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Foresters Financial full-time (Less than a year)

    Pros

    Management Team is very supportive, lots of opportunities to make clients at trade shows and school event; administrative support is positive and good. Not a super strong team dynamic, but everyone is really helpful if you ask.

    Cons

    1st year is rough...even with a starting salary, the learning curve is just so high that its very easy to get discouraged. Especially if you're not an extremely dynamic individual. No work/life balance, at least if you plan on being successful. This job is great for someone who's extremely self-confident and willing to ride the ups and downs of the job.

    Advice to Management

    Hire people with thick skins. Maybe be a bit more upfront about the challenges new hires face.


  10. Helpful (1)

    "bad management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Seattle, WA
    Former Employee - Financial Services Representative in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    poor management, poor work life balance

    Cons

    limited products to sell, bad CRM software


  11. Helpful (2)

    "Blah"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative Trainee in Atlanta, GA
    Former Employee - Financial Services Representative Trainee in Atlanta, GA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Foresters Financial (More than 3 years)

    Pros

    I'm not sure. It has a really Great staff and a pretty good training structure but it's very fast paced and the incentives are hard to come by

    Cons

    No benefits whatsoever health or dental Entering pay is pennies on the dollar and long nights and a lot of stress