Hennion and Walsh Reviews | Glassdoor

Hennion and Walsh Reviews

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Found 46 reviews

3.4
StarStarStarStarStar
Rating TrendsRating Trends
57%
Recommend to a Friend
65%
Approve of CEO
William Walsh
36 Ratings
  1. Helpful (1)

    "Not perfect, but generally very good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Parsippany, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Hennion and Walsh full-time for more than a year

    Pros

    The company cares about its employees and provides ample flexibility. Coworkers are very nice people and employees tend to spend time together even away from the office. Very low office politics here compared to my prior jobs in both larger and smaller organizations. As a Financial Advisor, the single biggest benefit is the free leads and the fact that one's effort is more or less the only determinant of the size of one's...

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    Cons

    The cons of this firm are almost all related to its size relative to its' competition. Since the firm is privately held, the benefit is they don't owe shareholders any answers when they want to invest in the business....but it also means that the resources the firm has cannot be compared with those of a publicly traded institution that can spend gazillions on whatever it wants. Therefore, the benefits package is not as...

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    Advice to Management

    Improve the benefits package and be more responsive to employees who are operating at their limit.

    Hennion and Walsh2017-09-01
  2. Helpful (4)

    "Past employee- horrible place to be"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Sales in Parsippany, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Hennion and Walsh for more than 2 years

    Pros

    None - keep on sending out resumes, keep on interviewing you will find somewhere better. If you are fresh out of college don’t fall for it

    Cons

    Threaten you with a $50,000 fine if you leave and use your licenses anywhere else. Expect you to make 500 calls daily to lists of people that have been harassed for years. They’ll blow smoke in your first couple months saying to keep smiling and dialing it’ll eventually come but never does. One guy constantly preaches the “quality of life” at this place but you will be miserable. They will lie to you saying you’ll make...

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    Advice to Management

    Change up your new hire process. Pay a little more and give them a list of decent leads to work on. Also stop making phony reviews. Every single 5 star review was put up there by management. All the past employees will have a 1 Star review.

    Hennion and Walsh2018-04-18
  3. Helpful (4)

    "Broker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Broker in Parsippany, NJ
    Positive Outlook
    Approves of CEO

    I have been working at Hennion and Walsh full-time for more than 4 years

    Pros

    Free training materials and licensing. Once comfortable on the phones you are given access to leads through an extensive database built from 27 years of marketing and growth. Specialty in high quality fixed income which caters to conservative investors and high net worth individuals. Mentorship and access to upper management throughout the growth period prior to moving to full commission.

    Cons

    Hard work and long hours during licensing and training period which can last up to a year. Most trainees cannot make it past the first year due to lack of focus and commitment that goes along with a full time sales job. You will have to make sacrifices to get to full commission but once growing your own book of businesses the promises that are made to you by management come to fruition.

    Hennion and Walsh2017-05-10
  4. "Investment Associate"

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

    I worked at Hennion and Walsh full-time

    Pros

    Very fun and informative work environment

    Cons

    Could be a little dull

    Hennion and Walsh2017-04-22
  5. Helpful (20)

    "A Poor Man's Boiler Room"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Investment Associate in Parsippany, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Hennion and Walsh full-time for more than 2 years

    Pros

    -Received my Series 7 and 63 licences within a fairly short period of time due to a out-dated yet effective method of studying in which the study materials are provided. -Made some life-long friends because I feel as though I rushed a fraternity with the other recent college grads I was in the training program with.

    Cons

    Where to begin... -The salary is $2,000 a month which is unfair, inadequate, and embarrassing. (However management will tell you that you will earn around $40,000 your first year which is a flat out lie) -From day 1 you will be making cold calls from 8:30am to 6:30pm. (~600 per day) -You are given "lead sheets" that have been used and passed down for almost a decade. Good luck finding a bond buyer in those. And after...

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    Advice to Management

    Change your training program, update the leads you give to trainees, bring in less kids and raise the salary, make Hennion & Walsh a place kids are happy to work at and give you their all. Morale is low and Hennion & Walsh either needs to adapt with the times or the sink will ship.

    Hennion and Walsh2017-04-27
  6. Helpful (9)

    "Unprofessional"

    StarStarStarStarStar
      Former Employee - Investment Associate 

      I worked at Hennion and Walsh full-time

      Pros

      Hennion & Walsh will sponsor your Series 7 and 63 however they will threaten to sue you for $50,000 if you leave within the first three years

      Cons

      --Unprofessional- Be prepared to get hazed and yelled at for not selling enough bonds --Poor resources- Hard to succeed with the resources given. Your only resources are a phone and a list of names. You don't even get a computer. --Low pay--You will make $2,000 a month. Your job will consist of making 600 dials a day and trying to convince old people to buy tax free bonds. --Pyramid scheme-If you are able to sell...

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      Advice to Management

      Stop trying to scam old people

      Hennion and Walsh2017-04-25
    • Helpful (6)

      "Broker"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Financial Advisor in Parsippany, NJ
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at Hennion and Walsh full-time for more than 6 years

      Pros

      I have worked at Hennion & Walsh for over 7 years. I started in the training class right out of college and had no idea what the real working world was like. Yes, the training class is tough with long hours and low pay but the training class is what sets H&W apart from the rest of the broker dealers. They want to set you up to succeed. Most of the reviews I’ve read were from trainees that quite within the first 2 years....

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      Cons

      The first two years are very frustrating. You are a college grad. Most people today graduate with a degree, you are nothing special, so put in the time and work to set yourself apart, gain a successful career and make some friends along the way.

      Advice to Management

      Keep it up! It’s amazing to see the work ethic I have learned over the last 7 years and how I use it in my new career. Trust me; nobody else seems to want to learn to succeed like the way H&W taught me.

      Hennion and Walsh2017-02-17
    • Helpful (7)

      "Marketing"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Doesn't Recommend
      Disapproves of CEO

      I worked at Hennion and Walsh full-time

      Pros

      None- did not have a good experience

      Cons

      Too many- dont waste your time

      Advice to Management

      Figure it out

      Hennion and Walsh2017-03-13
    • Helpful (3)

      "Financial Trainee"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Parsippany, NJ
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at Hennion and Walsh

      Pros

      They give you access to the materials, tools, and knowledge to begin a career in finance, even with little or no experience/finance background. Competitive environment. Management wants to see you succeed.

      Cons

      Essentially an inside sales position to start, with more responsibility added over time. Long hours on the phone is not for everyone.

      Advice to Management

      Flexibility as a private company is nice, but as company grows added structure should be considered an asset.

      Hennion and Walsh2017-01-10
    • Helpful (8)

      "Financial Advisor/Bond Broker"

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

      I have been working at Hennion and Walsh

      Pros

      I have been at Hennion and Walsh for over 20 years. As a kid out of college when I took the job, I knew very little about the financial industry. I knew even less about a small NJ firm that specialized in municipal bonds that had only been around for a few years. Frankly, I was just happy to have a job. After 2 decades of being in the business, I realized I got quite lucky working here - and I have had a great career...

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      Cons

      I have read many of the reviews - both negative and positive - on this website. I will let you in on a little secret. This job is very difficult. Plain and simple. This is a sales position any way you look at it. The first year or two are especially frustrating. Which is why you need to look at this as a career and not a job. If you are just looking for a job you will hop from to the next one, my advice for you is to...

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      Advice to Management

      Continuing growing the firm the old-fashioned way - with hard-working people willing to give full effort. Don't cater to the weak and the lazy who want everything handed to them.

      Hennion and Walsh2016-10-03
    Found 46 reviews