IPP Financial Advisors Reviews | Glassdoor

IPP Financial Advisors Reviews

Updated May 4, 2017
6 reviews

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3.2
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  1. Helpful (1)

    "Challenging but rewarding"

    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

    I worked at IPP Financial Advisors full-time

    Pros

    Similar to starting own business at low cost. Able to learn more about financial products and insurance. Good training from partners. Able to know more about the country's financial situation.

    Cons

    Purely commission based income. Even though the management said a basic will be given, we have to close some cases before it is given. It is also not a basic, but upfront commission. Usually, candidates are only able to meet those requirements at about 3 months in, which means that they will have no income for at least 3 months.

    Advice to Management

    Be more clear and transparent toward candidates about what to expect in the company. Also can consider having a 3 month compensation during training, as not everyone can cope with no income for a prolonged time.


  2. Helpful (1)

    "The best IFA firm to work in"

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

    I have been working at IPP Financial Advisors full-time

    Pros

    Well established with immense resources. Best positioned to provide a truly customized and client centered solution to their wealth planning.

    Cons

    Need to upgrade IT systems for better productivity

    Advice to Management

    Needs to be more forward looking and strive to be a market leader. Tendency to rest on their laurels.

  3. Helpful (3)

    "Awesome"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    Pros

    For first-timer as sales representative, this is definitely the first place that you want to be in as a punching bag. You get trained and go out to do presentation. By the way, you get good commission if you got sales.

    Cons

    You have to be good in time management, self-discipline and don't give up too easily.


  4. "Awful, just plain awful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Management Services (Sales-support) in Singapore (Singapore)
    Current Employee - Management Services (Sales-support) in Singapore (Singapore)
    Doesn't Recommend
    Negative Outlook

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

    Pros

    knock off at 6pm sharp everyday

    Cons

    things are rotten from the top down. the senior management are content with inactivity, just idling time while collecting obscene salary. high degree of nepotism within the management division services. lack of control sees many abusing their authorities. no HR, no employee development, no chance for progression, heck, i've no idea how the company even works, no one sat me down and took it through with me. culture is one of indifference, no one strives to improve (partly because management will throw the idea out anyway). there is no system that links the divisions together, and verification of particulars re still done by scanning of docs. as a result, no data on clients are available, if you ever ask "what is the average age of all your clients" (simple data analysis), they would have no idea. an absolute wastage of precious information for the country's largest IFA.
    company's revenue has been dropping like mad and yearly bonus is half a month, most recently none. salary is low as well, unless of course, you're related to senior management.

    Advice to Management

    time for a management overhaul


  5. "A place with abundant learning opportunities and career advancement."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Recommends

    Pros

    Learning opportunities through abundant workshops and seminars held all year round are readily available for one to improve their product and financial knowledge.
    Able to speak to management about ideas and receive pointers from them.
    Open environment and friendly staff.

    Cons

    Initial progress as a new adviser in IPP, just like in other companies, may be of slow, having to build up clientele base and relationships. May have some office politics.

    Advice to Management

    Keep up the current good work and ensure that everyone in the group will be able to grow with the company. Continue to offer learning opportunities and organise workshops but should also have more company bonding sessions to keep the company more closely knitted.


  6. "Okay"

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

    Pros

    Liberal and flexible, production based, open minded, quota based, good for networking and learning,

    Cons

    low basic, too many things to learn, a lot of getting used to.