Foresters Financial Reviews | Glassdoor

Foresters Financial Reviews

Updated July 25, 2017
321 reviews

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3.1
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Bill Lipkus
36 Ratings

321 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 12 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 (19)

    "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. "Financial Services Representative"

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

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

    Pros

    Great training, management will do everything they can to give you the tools needed to be successful. It's up to you whether you make it or not.

    Cons

    Very hard industry to break into, lots of competition

    Advice to Management

    Don't change. Continue to make the lives of your representatives a priority.

  3. "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


  4. "It's good if you're good. Not an easy career, however."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Adviser Representative in East Hartford, CT
    Current Employee - Investment Adviser Representative in East Hartford, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Foresters Financial full-time (More than 3 years)

    Pros

    Control your own schedule. Very good commission rates. Satisfying if you treat clients well. High income potential. Good wholesalers to help you with product. Some good management.

    Cons

    No real benefits outside of profit sharing. No salary, all commission. Management (outside of branch office) doesn't care about people, only numbers. Branch office management is generally good.

    Advice to Management

    Treat people who are good and making an effort like you want them there instead of just Halle find them to do more.


  5. "Financial Professional"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    The people who worked in the office were amazing and if you needed any help it was given.

    Cons

    Rigorous sales goals made it difficult to thrive.


  6. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Inter in New York, NY
    Former Employee - Inter in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great Team, Environment, Culture, Benefits

    Cons

    No Cons, Good Management, Informative

    Advice to Management

    Help more to clients


  7. "Entry level Internal Wholesaler (Product Support Associate)"

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

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

    Pros

    Good work environment, and supportive co-workers

    Management is supportive and offers guidance to advance career

    Smaller sales desk in a growth phase that offers interactions with upper level management and offers wealth of knowledge would not be found elsewhere.

    Cons

    The position entails dialing out to the region you service and to schedule meetings for your external partner, which can get tough, but ultimately this is an entry level position and offers growth opportunities.

  8. "Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Beaverton, OR
    Former Employee - Financial Services Representative in Beaverton, OR
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Flexible schedule if need be. Work closely with one or two trainers. Only not for profit firm in the United States. Pays decent.

    Cons

    Worst management and demeaning environment to have ever worked in. Pay is under industry average. Old school database that's behind the times.

    Advice to Management

    Give praise with sincerity.


  9. "Financial Services Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Tight-knit office environment. Commission based, potential for high-income if you're good enough.

    Cons

    Long hours and lots of cold calling. Expect to work 55-60 hours a week minimum if you want to succeed. One year retention rate is very low


  10. Helpful (2)

    "Central Jersey Office"

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

    I have been working at Foresters Financial full-time (More than 3 years)

    Pros

    Foresters Financial is a great place to work, especially in the Central Jersey Office. There is great spirit and camaraderie in the office, and everyone is like family. There are a lot of successful representatives in the office who are very knowledgeable in the business, and always willing to help. There is also a great support system within the management team that will help guide you as you start off. Foresters is in a growth phase, where there are a lot of opportunities to grow your career. For myself, I have worked with Foresters for about 3 years. I started as a rep, got a promotion to the management team after my first year, and currently I am in line for another promotion within the company.

    Cons

    This is not a job where you can slide by doing the bare minimum. It is not an easy business, and is not for everyone, but it is very rewarding.


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