Lincoln Investment Planning Reviews | Glassdoor

Lincoln Investment Planning Reviews

Updated April 17, 2017
19 reviews

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3.3
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Ed Forst
11 Ratings

19 Employee Reviews

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  1. "IAR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IAR in Tulsa, OK
    Current Employee - IAR in Tulsa, OK

    I have been working at Lincoln Investment Planning full-time (More than 3 years)

    Pros

    Wonderful people in office and at the home office. They are there to help you be successful and appreciate your contribution

    Cons

    I have no complaints at this time


  2. Helpful (2)

    "Great place to start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Fort Washington, PA
    Former Employee - Anonymous Employee in Fort Washington, PA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Lincoln Investment Planning full-time

    Pros

    1. Great pension plan.
    2. Great place to gain experience.

    Cons

    1. No room for promotions.
    2. Pay is low.
    3. Health insurance is horrible.
    4. HR department is useless. They ignore problems and never do a follow up investigations in complaints. They are too friendly with management which makes them extremely bias.
    5. Management (Directors) also ignore problems caused by the supervisors who abuse their position in the company and main reason a lot of people leave the company.

    Advice to Management

    1.Replace the supervisors with people who care about the staff.
    2. Better pay.
    3. Better benefits.
    4. Replace HR staff
    5. Provide provide professional growth

  3. Helpful (1)

    "Don't work for Cincinnati location"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advisor Services/Trading in Cincinnati, OH
    Former Employee - Advisor Services/Trading in Cincinnati, OH
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Lincoln Investment Planning full-time (More than 3 years)

    Pros

    I was grateful to be employed.

    Cons

    Middle management causes turbulent turnover and senior management does nothing. No growth opportunities, only sound bites of "one day."

    Advice to Management

    Start paying attention to those under middle management. It shouldn't be a surprise when an entire two departments leave if you're actually involved, paying attention, and getting raw feedback. No one even bothered doing an exit interview- that's how much they seemed to care about learning why an entire Trading and Advisor Services department left within 2 months. Oh well.


  4. "ColdFusion Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Worked with a solid team of professionals who were easy to work with and very helpful. Had a good team lead who was able to encourage me in my tech growth.

    Cons

    They were phasing out of ColdFusion so the work there was limited in scope. I would have to know other technologies to remain.


  5. Helpful (2)

    "Senior vp"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Philadelphia, PA
    Former Employee - Vice President in Philadelphia, PA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Lincoln Investment Planning (More than 8 years)

    Pros

    Many nice people. Pleasant work environment

    Cons

    Leadership is hardworking but very smart or strategic. Tendency to need to be right to the detriment of people's self esteem

    Advice to Management

    Hire a true visionary (non family) CEO.


  6. "Coor"

    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 Lincoln Investment Planning full-time

    Pros

    Good balance of personal and professional life

    Cons

    Under staffed in some areas


  7. Helpful (2)

    "Former Financial Advisor-Please Read!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Smaller offices, somewhat help people at headquarters. The truth is there aren't a lot of pros for Lincoln Investment...

    Cons

    -Fee's charged, compared to what to you take-away is absolutely ridiculous..
          When you sell a $20k mutual fund to a customer at a 1.5% annual fee. That is $300 earned over the course of the year, the problem is Lincoln takes .5%, your branch owner takes .5% and that leaves you with .5% (AKA $100.. Not enough to justify the $20 you just put in your gas tank and the 10 hours it took to find and the client and meet with them twice...)
    -Massive monthly fees that total around $250 so guess what you sell 3 $20k mutual funds and make $300 total, so you are plus $50, but don't forget you are self-employed and paid $60 that month for gas and any others lunches or what not. So you are negative a lot of money.
    -No option for a small starting salary. Starting from scratch at 100% commission at absolutely impossible. So you sign up 100 teachers for 403(B)'s your first year (which is stretching very far besides) you make $5,000 that year after fees and gas is taken care of.. Is it worth it? absolutely not...
    -Lincoln's technology is extremely dated.
    -Unless someone is handing you their book of clients or selling their clients to you, you will never make it Lincoln. Lincoln is the place you come to later down the road when you have a few hundred clients and what to open your own branch so you aren't getting screwed over on your commissions.
    -Absolutely zero training programs for new advisors...

    Advice to Management

    -Please read my cons.

    -Offer small starting salary for new advisors or pay for new advisors fee's for first couple years, not just the first 3 months...
    -Reduce your % Lincoln takes from the fee's (you guys are filthy rich and it is disgusting how much you take. Also privately owned so all of the money goes to the owners..)
    -Make a training program for new advisors, not webinars where nobody knows what you are talking about the whole time...
    -Make changes otherwise you will be out of business within 15 years, when the younger generations realized they can pay 1/5th of the fees by managing their money online.

  8. Helpful (1)

    "Average Pay - Above Average workload"

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

    I worked at Lincoln Investment Planning full-time (More than 3 years)

    Pros

    People are nice, small enough that everyone can have an impact on business results. Great place to gain experience.

    Cons

    Workload was unreasonable, the company tripled in size and the economies of scale fell on everyone's shoulders. This family owned business had the feel of animal being fattened for slaughter. The acquisitions that happened while employed there were not organically compatible, it seemed as though it was all part of an exit strategy.

    Advice to Management

    Communicate better, try to collaborate instead of pitting yourselves against each other.


  9. "Good atmosphere"

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

    Pros

    Family feel. Everyone is very professional.

    Cons

    Not as big as other companies in the industry.


  10. "Good Experience"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    People are very helpful and friendly. Internship was a good way to gain experience and get to know the business.

    Cons

    No clear direction for the projects I worked on.


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