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HFP Capital Markets Reviews

28 reviews

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Geoffrey Byruch
14 Ratings

28 Employee Reviews

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  1. "great experience"

    StarStarStarStarStar
    Former Employee - Trainee in New York, NY
    Former Employee - Trainee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at HFP Capital Markets full-time (More than a year)

    Pros

    long pay int he long run

    Cons

    hard to start as a trainee

    Advice to Management

    higher pay in the beginning


  2. "Bond broker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bond Broker in New York, NY
    Former Employee - Bond Broker in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at HFP Capital Markets full-time

    Pros

    The pay for series 7 and 63 and exam and provide enough study material to pass. Energetic work environment.

    Cons

    Rough hours. You are expected to work minimum 12 hour days and come in on Saturday

    Advice to Management

    Nothing. Management is set on their ways and will not change

  3. "Terrible play to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Associate in New York, NY
    Former Employee - Wealth Management Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    none, this place was a nightmare start to finish

    Cons

    how much time ya got brotha

    Advice to Management

    shut it down before you corrupt more people


  4. Helpful (2)

    "This place is a joke"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trianee in New York, NY
    Former Employee - Trianee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at HFP Capital Markets full-time (More than a year)

    Pros

    This place is a joke

    Cons

    Im pretty sure this place will get closed down. No supervision. Screaming at people over the phone. Long hours just a terrible environment.

    Advice to Management

    Get a high school diploma


  5. "Disorganized"

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

    I worked at HFP Capital Markets full-time (Less than a year)

    Pros

    - potential for unlimited salary
    - some great guys in the office
    - some of the senior guys are very helpful

    Cons

    - extremely disorganized
    - what seemed to me was a 'shady' background of the company
    - 'shady' background of the president/future C.E.O.
    - one is worried about loosing his/her job every day since individuals get fired for ridiculous reasons
    - 'boiler room' like atmosphere
    - extremely low base salary for trying to live in NYC

    Advice to Management

    - increase the base salary
    - be more honest about the company's background
    - offer more benefits to employees
    - be much more organized
    - increase space


  6. Helpful (2)

    "Worst Company EVER!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Qualifier in New York, NY
    Current Employee - Lead Qualifier in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at HFP Capital Markets full-time (Less than a year)

    Pros

    I cannot think of any.

    Cons

    Complete Boiler Room, and they promised me a salary and ended up paying me way less. Stay AWAY FROM THIS COMPANY!


  7. Helpful (1)

    "Terrible experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in New York, NY
    Current Employee - Registered Representative in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at HFP Capital Markets full-time (Less than a year)

    Pros

    Get sponsored for Series 7 & Series 63

    Cons

    Extremely low pay, even by industry standards. Terrible working environment. No opportunity for advancement.

    Advice to Management

    Treat your talent better, pay them for the work they've done and maybe the revolving door at the front of your office will stop spinning.

  8. Helpful (5)

    "I was lied to from day one!!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in New York, NY
    Current Employee - Registered Representative in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at HFP Capital Markets full-time (More than a year)

    Pros

    They will sponsor you for your series 7 & 63, they buy good leads. It is a young environment where dont have to be very professional

    Cons

    Its essentially a pyramid scheme where thew top 5 guys make money off the jr. brokers before firing you or bringing in new ones. They tell you the obligation (50 qualified accounts, recently changed to 100) is the tough part and if you can make it through that, the big money starts to come in. However, very few guys are given the chance to actually get through the obligation, and 80% of the brokers that do were fired within 2 months of getting through their obligation losing any chance to make real money because the accounts you get no longer go to your senior broker.

    Senior brokers are uneducated for the most part, while the other half is either college dropouts or just high school like the head of retail. There are no CFA's or MBA's and they have an inferiority complex to all the bigger firms. HFP is one of the least paying firms out there.

    There is no talk or understanding of the market as you are just told to push the product they need to be sold. Although not a boiler room (because they are selling real products) they are selling very bad investments under the guise of being safe that even the head guys do not understand. I am aware of plently of securities that HFP sold of companies the ended up going bankrupt.

    You expected to work 3 saturdays a month and until 9pm during the week (In at 7am)

    Most of the senior brokers do not have clean licenses and you can look that up on brokercheck, the head of the firm can not even sell securities in a bunch of states and another state is suing the firm. They are currently spending a lot of money on PR and want only good things to be seen when you search them. Including this site so be aware of what looks like what may be done by a PR pro, it likely is because nobody is happy at this firm except for the top 5 guys. Even the few mid-level guys I have heard are scared for their jobs now that they are making really good money because they do not reach quotas. And because of how the contract is structured they can fire you whenever they want down the road no questions ask. You have to sign it... Best of luck though

    Advice to Management

    Compensate jr brokers for the work they do and earn. You know they are very underpaid and the obligation standards just arent feasible with the current pay structure


  9. Helpful (6)

    "Bad environment, horrible people, and no sleep"

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

    I worked at HFP Capital Markets full-time (Less than a year)

    Pros

    Probably a good introduction into finance culture on Wall Street, although not sure. I did not go to any other firms before or after to compare.

    If you have any 4 year degree and can speak clearly, you will probably get hired.

    Fully sponsored for Series 7 and 63 exams.

    If the job is right for you, the money can grow exponentially.

    Cons

    They hire everyone they can because they know that their job is demanding and most will not stay. I advise people who are looking for respect and a positive work environment to not work there.

    Through my experience here, I have found that most of the people there are vocally racist and sexist. They tend to talk about women in a very demeaning way. Some of the brokers there had the maturity of a stereotypical college frat boy, and in a way being a trainee is their version of hazing.

    The job is 100% cold calling until you are licensed. They do not want a trainee to do anything else but cold call. They will reprimand you for asking questions about the product that they sell, company policy, and/or the market trends as a whole. Its a closed environment and don't expect to make any friends. They conduct their business very strictly and nothing else.

    I was nothing more than a glorified intern as a trainee. I ran to get the brokers coffee multiple times a day and got paid very little, barely covering the costs of commute and taxes.

    The hours are very long. As a trainee, you are required to be there at 7:15am every day. If you are late, you should expect a stern reprimand; and there is no concept of a sick day to them. As a broker once one passes the 7 and the 63 exams, you should expect to work from 7:15am until very late at night cold calling as well as Saturdays.

    In addition, every new trainee is forced to make one of these upon your first day. Their ratings here were very low, and they made their interns and trainee give great reviews of the place to make recruiting easier. Don't be fooled like I was, I can tell by the language of some of those posts that a supervisor was standing behind them as they wrote it.

    Advice to Management

    Treat trainees better. Let them ask questions and ease up on them. They want to learn and they will work better for you if they feel comfortable and can enjoy what they are doing.


  10. "Broker Trainee-amazing opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stock Broker Trainee in New York, NY
    Current Employee - Stock Broker Trainee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at HFP Capital Markets full-time

    Pros

    Sponsored for Series 7 & 63
    Unlimited income potential
    Hands on work from the beginning with training everyday
    Fun and exciting atmosphere
    Get off early to study

    Cons

    Studying and working is a full time commitment
    A lot of hours and hard work is required to obtain firm obligation

    Advice to Management

    Raise base salary but it is understood that money comes in once licensed


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