Foresters Financial Reviews | Glassdoor

Foresters Financial Reviews

Updated August 2, 2017
68 reviews

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2.0
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Bill Lipkus
5 Ratings

68 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. "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.


  2. "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

  3. "Intern."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Philadelphia, PA
    Former Intern - Intern in Philadelphia, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Foresters Financial as an intern (Less than a year)

    Pros

    You learn a lot about being a sales person and learn about to industry. Company seems excellent to work for.

    Cons

    Unpaid, you don't actually do anything but study. I found the people in my office to be very unprofessional. Felt like a waste of my time for the most part, would have enjoyed at least seeing how Financial representatives prepared plans for clients.

    Advice to Management

    Do more with the internship and pay them. Give them some responsibility at least


  4. "Actuarial Intern"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Good pay and long hours

    Cons

    Freezing office. Need to wear a jacket during summer seasons


  5. "Financial Services"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Young office culture & vibe

    Cons

    Biased management
    Lack of transparency
    Lack of communication between management
    Not clear during interview process the duties of the job

    Advice to Management

    Give equal opportunities.


  6. Helpful (2)

    "Product Support Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Support Associate in Edison, NJ
    Former Employee - Product Support Associate in Edison, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Fantastic co-workers - some of the friendliest, funniest people you'll meet. Also good schedule.

    Cons

    I felt tremendously underpaid and under-utilized based on my skill set and licenses held, with no clear track to how to advance in the company. During my interview process, the person who would end up being my manager misled the earnings potential of the job, which was frustrating.

    Advice to Management

    Tell people exactly what they have to do in order to get promoted. "Wait and hope" doesn't work for the 21st century workforce.


  7. "Registered Representative"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at Foresters Financial full-time

    Pros

    Flexibility, work space, good commission percentage

    Cons

    Sink or swim mentality, not much training

  8. "Internship"

    StarStarStarStarStar
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Foresters Financial as an intern

    Pros

    Everyone was extremely nice and helpful

    Cons

    Was not paid and did not learn much at all.


  9. Helpful (2)

    "Independent Contractors"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Sales Representative in San Jose, CA
    Current Employee - Senior Sales Representative in San Jose, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    You are an independent contractor and you create your own schedule. If you make a commitment to stick around 8+ years you could be making a lot of money without working a full 40 hour week.

    Cons

    YOU ARE A independent contractor. That means you have no benefits or support system. you have to pay for everything yourself. They expect you to work 50+ hours a week for over three.

    Advice to Management

    The company needs to invest in its sales force


  10. "Decent start"

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

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

    Pros

    Good place to learn about the financial services industry. Wouldn't recommend to anyone who doesn't want to be thrown into an environment of figuring out how to create a business from the ground up.

    Cons

    Not much development of skills or career growth. Individual success is determined by how much effort you will put in but not much support to help you grow.


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