Foresters Financial Reviews | Glassdoor

Foresters Financial Reviews

Updated August 17, 2017
331 reviews

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3.2
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Bill Lipkus
42 Ratings

331 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 27 reviews)

  • Good work - life balance; managers can be very accommodating (in 13 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. Featured Review

    Helpful (21)

    "Portland/Beaverton Office"

    StarStarStarStarStar
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Foresters Financial full-time

    Pros

    The office environment is very close-knit and family-like, and the management team is full of genuinely good people who want to see you succeed. The training program for new financial representatives is state of the art and helps you start building your business from day one.

    Cons

    You absolutely must be driven, hard-working, and a genuine entrepreneur to succeed in this career. There's no way to coast in this job, but the harder you work at it the bigger the rewards are.


  2. "Associate"

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

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

    Pros

    Great place to learn, work, and start a career

    Cons

    Sometimes things take too much time in the pipeline

    Advice to Management

    Thank you for being great and offering amazing guidance

  3. "Great company that cares about the community"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Beaverton, OR
    Former Employee - Financial Representative in Beaverton, OR
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - Excellent Training
    - Receive an hourly wage to support you while you learn the business
    - Great group of coworkers
    - They really care about doing whats right for the customer and community

    Cons

    You have to work really hard and it certainly isn't for everyone. However, that hard work does pay off and you will be successful if you put in the time.

    Advice to Management

    Continue the policy of putting the clients first!


  4. "Best decision I ever made"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Foresters Financial full-time

    Pros

    Supportive team environment
    Payout is one of best in industry
    Training program industry leading
    New products

    Cons

    None- but you have to work hard. All of the other reviews of people complaining are due to lack of work effort which causes failure. No hiding behind that.

    Advice to Management

    Keep making us even better than we are!


  5. "Work hard, reap the benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in South Florida, FL
    Current Employee - Registered Representative in South Florida, FL

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

    Pros

    My experience with the South Florida office of Foresters Financial has been second to none. Coming right out of college, I wanted to ensure that I worked with a company that has upward growth potential, an attractive benefits package, and a management team that reflected the culture and beliefs of the company. In comparing my experience as an intern with my experience as a full time representative, I have only seen more and more improvements to compensation, benefits, and career opportunities. There are many attractive bonus incentives to exceed required goals in your first year with the company, which was a huge factor in my success during that time. Although this is a difficult industry to succeed in due to its entrepreneurial nature, I was fortunate to be provided with access to thousands of qualified leads to help get my business started. These are current leads that are provided to us on an annual basis through the partnerships we have in various Florida districts. As far as the training program goes, it doesn’t matter what background you have educationally or professionally; It is designed to work with a new employee from the ground up. Whether it be in our “Hour of Excellence” educational classes for new reps, to having experienced management accompany you on your first appointments in front of actual clients, my experience with our training program really solidified my confidence both on the analytical side and in the field. Furthermore, the entire management team is available on a day-to-day basis for any questions, concerns, or help with cases that I may require. Overall, I am proud to work for Foresters Financial because of the achievable work/life balance, the ability to truly make a difference in peoples’ lives, and the friendly team atmosphere that I experience every day I come to work.

    Cons

    Hard work in the beginning, having to learn to adapt to a wide variety of clients.

    Advice to Management

    Do a better job of communicating to potential representatives of what a great opportunity this career offers.


  6. "Financial Representative"

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

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

    Pros

    Great company culture, strong training program, community outreach, pays for licensing, competitive compensation.

    Cons

    If you can't work hard, this job will not be for you. Hard work and commitment are necessary for any role.


  7. "Financial advisor in training"

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

    I worked at Foresters Financial full-time

    Pros

    Amazing people and office environment, it feels like a family. A company that wants you to succeed and push yourself. They tell you up front that you have to put in the work, that is the only way you will have a solid book and see money coming in. If you slack off you check will reflect that once you are off the training salary and become IC.

    Cons

    No cons, anytime something is not working for the training program, it is changed to better fit your needs.

    Advice to Management

    none.

  8. "Decent Company If You Are Willing To Ignore A Few Things"

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

    I worked at Foresters Financial full-time

    Pros

    Competitive products
    Great group of people
    Top management really cares
    You can be highly successful if you don't mind aggressively prospecting

    Cons

    So many lies in the interview process. I was lied to about the turnover rate, training program, noncompete agreement, cold call approach and a number of other things.
    VERY numbers oriented and selling techniques are pushed hard.

    Advice to Management

    Stop making false advertisements just to get new reps. Good employees won't stay long if they feel they have been deceived.


  9. "Sub-par experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Miramar, FL
    Former Employee - Financial Representative in Miramar, FL
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Great assistant manager
    Great team dynamic

    Cons

    Difficult industry to succeed in
    Not enough support in getting leads
    High turnover and burnout rate
    Poor pay during the 9-month training program

    Advice to Management

    Purchase lead development software


  10. "Financial Representative"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Foresters Financial full-time

    Pros

    Sponsored me for the Series 6 and 63 exams

    Cons

    Lack of training program does not lead to a high success rate for new representatives

    Advice to Management

    Implement a stronger training program


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