Hantz Financial Services Reviews | Glassdoor

Hantz Financial Services Reviews

Updated August 9, 2017
75 reviews

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2.6
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John Hantz
50 Ratings

75 Employee Reviews

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Pros
  • Learn a lot, they help you pass your exams (in 12 reviews)

  • I worked with some great people and that is the ONLY thing I miss about this place (in 5 reviews)

Cons
  • Long hours, low starting pay, high pressure (in 13 reviews)

  • This company is privately held to keep share prices high for there investors they pay you next to nothing and you work 60 hours (in 5 reviews)

More Pros and Cons

  1. "Review of Hantz Financial Services"

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

    I worked at Hantz Financial Services full-time

    Pros

    Flexible work hours outside of busy season

    Cons

    Overtime is expected outside of busy season, benefits could be better (no 401k match), although it is an accounting position, there is a strong sales aspect as well

    Advice to Management

    Nothing, the role just wasn't for me.


  2. Helpful (2)

    ""I have a great opportunity for you.""

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

    I worked at Hantz Financial Services full-time (More than 5 years)

    Pros

    When I started there the training was awesome and I learned a lot more than other professionals that I have met in the industry with the same amount of experience as me.

    Cons

    For the level of payouts given to advisers you expect the company to do a lot more than it does. Lack of options for choosing investments for your clients, they tell you what you have to use, not as independent as one might think. Technology is very dated and they are slow to move on anything to do with technology. When we moved in to a new office at a location owned by Hantz the facilities management was horrible, lots of burned out lights, overflowing toilets, lots of maintenance issues that they simply refused to spend any money on. Last, but most importantly, the clients you bring on belong to Hantz Financial, not the adviser. They make you sign a do not compete which is not typical among other firms.

    Advice to Management

    Not that they will ever read this, but you need to start figuring out how to keep up with the times. It's not 1992 anymore.

  3. "Financial Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Clinton Township, MI
    Current Employee - Financial Consultant in Clinton Township, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Hantz Financial Services full-time (More than 10 years)

    Pros

    Being able to help individuals with all of their financial needs. The training around all areas of a clients financial situation. The team oriented approach and support. The marketing approach of the family office helps to attract higher net worth individuals. The leads that are provided are helpful in building your practice.

    Cons

    The hard work and sacrifice to become a success financial consultant is difficult.

    Advice to Management

    Continue to invest in bringing the technology up to speed.


  4. "Good Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Hantz Financial Services full-time

    Pros

    Client Interaction
    Financial Industry Exposure
    Work Independently
    Entrepreneurial environment

    Cons

    Low pay
    Long hours
    Favoritism
    Credentials do not mean much


  5. "Tax accounting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tax Accounting in Ann Arbor, MI
    Former Employee - Tax Accounting in Ann Arbor, MI
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Constant work
    Friendly coworkers
    Opportunity for promotion
    Nice work environment
    Cubicles have ample space to spread out

    Cons

    Boring
    Needs to computerize everything, currently everything is on paper
    Stuck in their old ways


  6. Helpful (3)

    "Finacial Associate"

    StarStarStarStarStar
    Former Employee - Financial Representative in Southfield, MI
    Former Employee - Financial Representative in Southfield, MI
    Doesn't Recommend
    Negative Outlook

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

    Pros

    There are no such thing as pros for working here.

    Cons

    This company is privately held to keep share prices high for there investors they pay you next to nothing and you work 60 hours + a week. They basically treat you like an animal and get every once of work they possibly can before they burn you out and kick you to the curb. Hantz particaptes in discrimination when hiring, also during your interviews they will lie to you and make fake promises to get you to come aboard just to get in you in the door because they are so desperate for employees because EVERYONE quit. You walk down the halls and empty cubes and offices are the norm. Asking questions during "training" is frowned upon. It's basically the person that's been there the longest teaching you once how to use systems and if you don't take it upon yourself to take adequate notes to get you through and you do ask a question all hell breaks loose. I've been called every name in the book by my supervisors who are close to Hantz. They make fun time in public humiliation in front of other colleagues . Unless your sucking Hantz you get no respect. Also there infrastructure isn't there, everything is done manually or with paper Hantz is not investing in the firm directly because the ultimate goal is to be bought out by a bigger firm and the shareholders your bosses basically are the ones that will be getting paid. There is no ladder to climb you will not move up and will mentally minipulate you into doing what they want.

    Advice to Management

    The shows over, people are figuring out what's actually going on. My advice is to prospective employee run far and fast this place isn't worth your time. What you read on here is 100% true


  7. Helpful (1)

    "Real Talk- Short and Honest"

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

    I worked at Hantz Financial Services full-time

    Pros

    They will sponsor you to take your exams (only the first time, if you fail, you pay for the retakes yourself) in exchange for one full year of employment.

    Cons

    Here's the deal- you're going to work a ton of hours, and you will be making very little money. That's the simple truth. Work/Life balance is simply not a thing for most positions at Hantz.

    Advice to Management

    It's simple. Pay your employees more. And there's really no need for your employees to work as many hours as they do. When you see how often the turnaround is, that should be aparrent.

  8. Helpful (6)

    "Proceed With Caution."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Southfield, MI
    Former Employee - Financial Consultant in Southfield, MI
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Hantz Financial Services full-time (More than 3 years)

    Pros

    If you decide to work here, demand a sales job. You will likely hate it because you will cold call for several hours a day. However if you stick with at at least a year, you will absolutely learn that elusive and highly prized skill in business. As long as that's your condition to work here you will learn how to sell and this is why I'm giving a rating of four stars. Other pros include working in a high-energy environment, a non-pc culture, additional training which will also be valuable to you elsewhere and an excellent addition to your resume.

    Cons

    You will be mislead and lied to. Count on it. This company is a cult first and a for-profit business second. Hantz is very smart but do not let your guard down if you ever talk to him. Hantz demands personal worship and ego gratification from all who work for him. After a year you will notice that the company executives are all highly-trained managers who are highly skilled at training and the art of bs, but because they are supposed to worship Hantz first they would not be confident at succeeding on their own somewhere else. Hantz is very smart in that he picks the individuals with the least amount of independent thought to run his company. Notice I mentioned thought, as many of the executives really are very smart people, just not confident or independent. You'll notice that these "executives" also drive outdated cars and live in shacks, a clear sign they're not making any money either. So what does this mean for you?
    You're not going to make any money. It doesn't matter if you sell more than your entire peer group. Your commission went to go pay for Hantz' next painting.
    If you don't worship appropriately, you're going to the back office to collect dust. Leave immediately if this happens. Forget about whether you brought in business or not. Remember, cult first, business second.
    If you are good, expect to drive around Southeast Michigan at your expense.
    Plan of learning a lot about how any other company would fire you. Again beware of this bs.
    Because of Hantz' insatiable ego, better get used to working on Saturdays. You won't actually do anything while you're there but you will have to put the gas and mileage on your car.
    Vacations were for your childhood. Kiss 'em goodbye.
    If you complain relentlessly you will get a marginally insignificant raise, then have that raise used as an excuse to verbally punish you.
    Finally, and most important, working here does have that great benefit in that you will learn how to sell and competitors will pay a significant amount to bring you over. If you choose to work here, work here for at least a year but no more than three. It will look great on your resume and your income will be good once you leave and go somewhere else.

    Advice to Management

    Most of you really are good people, you're just brainwashed. You could make at least 2x whatever pittance Hantz is paying you. Get fed up and get out of there. You know Hantz has spent no time on a succession plan, and why would he? His ego is going to live forever anyway.


  9. Helpful (9)

    "You Deserve Better"

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

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

    Pros

    Hantz Group gives you the opportunity to learn some of the core aspects of financial advising. Most of the staff are knowledgeable about the subjects and products that they sell. This is especially important to note since they are an all-in-one smorgasbord for finances. This allows people to learn and get licensed (for free for the first try) in Life, Accident, and Health insurance, Auto and Property insurance, various securities, and retirement, estate and child education management. Learning all of these facets and receiving all of these certifications and licenses in one place could lead to much better jobs later on.

    Most of the staff members are nice and its loose freewheeling environment allows you to keep a low filter depending on who you work for.

    Cons

    It has been around a year since I worked at Hantz Group so I can say for certain that I write this with a clear mind: this company needs a major management overhaul, a change in their corporate culture, and some soul searching on their philosophy.

    The philosophy of Hantz Group is the idea that people, no matter where they come from, must start from the bottom and work a grueling path to the top. While this is not the worst philosophy (in fact I like the idea of that as a character builder) the management at Hantz Group use it as an excuse to bully, brag, and demean those that would be considered inferior by their standards. This philosophy is also used as an excuse to provide minimal payment and extensive hours that would exasperate everyone except those that believe they cannot do better (the hours listed below by other reviewers are accurate). This creates a horrific work/life balance.

    The management attempt to balance out the abusive behavior by making lavish promises of a future life of luxury. They try to show you that they guarantee it since they are going within Blue Oceans territory. This life of luxury is a false promise since most of their workers fall within the middle class spectrum anyway, something that you can likely achieve without having to undergo 60 hours of work a week. However, even if you were to achieve wealth at Hantz Group, you would be working so much that you would likely not enjoy it. I only write this to bring people looking for a job there for that reason back down to Earth.

    The management spout vitriol like no other. I said earlier that a pro was that you can keep a low filter. The downside though is that you will be called every swear word in the book, every variant of the word idiot they can find, and will have your greatest weaknesses discovered and preyed upon. Often times it comes in the form of micro-management that is counterproductive to the work that you are doing. In fact, it often stifles you from reaching your potential goals. This creates a culture of retaliation, loss of promises, and paranoia.

    This trifecta of corporate malaise (micro-management, corporate culture, and philosophy) is what creates the frequent turnover at Hantz Group while also maintaining a cult-like environment to those who stay (and mind you, they will tell you that the rest of the world is trying to rip you off). It is what keeps the company from creating a more inviting interior atmosphere. And it is what gives the company the undeserved arrogance to create a technology company that in itself needs a desperate upgrade in technology (if you need more proof just check out their shoddy WordPress webpage). Having arrogance in a company is needed, but when it has overblown to this extent it pushes those that could make the company greater away.

    Just to add specificity: your pay at Hantz Group will likely start at around 24-25k. You will work 12 hours Mon-Thurs 8-8, Fri 8-5, and Sat 9-12. If you like that then I wish you would see a therapist because you are worth more than that.

    Advice to Management

    Thomas Carlyle once said, "A man shows his greatness by the way he treat little men." Your company has the potential to be great but in order for you to achieve the enormous task of having management over all facets of finance you are going to need to treat employees better. This will keep you from losing workers with high potential. You are only doing great now because you are the founders. If you don't improve you will either slip up and cause your company to be nothing, or you will eventually retire or die and your company will be nothing. That will be your legacy to think about whenever you decide to yell and/or demean an employee that works under you.


  10. "Tax Accounting Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounts Receivable in Ann Arbor, MI
    Former Employee - Accounts Receivable in Ann Arbor, MI
    Recommends
    Approves of CEO

    Pros

    Great working environment, and the staff was very helpful. Hours were great and flexible. Overall a great learning experience

    Cons

    I did not have any negative experiences while interning here.

    Advice to Management

    Keep up the great communication!


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