Pacific Capital Resource Group Reviews | Glassdoor

Pacific Capital Resource Group Reviews

Updated June 28, 2017
54 reviews

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4.5
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Kurt Jonson
35 Ratings

54 Employee Reviews

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Pros
  • It is a very fun and young work environment with a ton of activities outside of the office scattered throughout the year (in 4 reviews)

  • At PCRG we do business the right way 100% of the time (in 4 reviews)

Cons
  • Management can be very strict on you and have high expectation of you for the first year or two as you build your practice (in 2 reviews)

  • Financial Advising isn't for everyone (in 2 reviews)

More Pros and Cons

  1. "Pacific Capital"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern - Hourly in Bellevue, WA
    Former Employee - Intern - Hourly in Bellevue, WA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Pacific Capital Resource Group (Less than a year)

    Pros

    Great office environment to work at

    Cons

    Sometimes on your own a little too much

    Advice to Management

    Check in with people more frequently


  2. "Emerging Financial Advisor / Account Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Bellevue, WA
    Current Employee - Account Manager in Bellevue, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Pacific Capital Resource Group (More than a year)

    Pros

    Great work environment. Awesome teams to work with.

    Cons

    Training and development is hands on but could be much improved.

    Advice to Management

    Invest more time in the training of young financial advisors

  3. "Excellent Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Lake Oswego, OR
    Current Employee - Financial Advisor in Lake Oswego, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Pacific Capital Resource Group full-time (More than a year)

    Pros

    Amazing training for those just getting into this career. Lots of freedom and flexible work hours. You get out of it what you put in.

    Cons

    Can't think of anything I would classify as a con.

    Advice to Management

    Keep doing what you're doing.


  4. "They give you all the tools you need"

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

    I have been working at Pacific Capital Resource Group full-time

    Pros

    Salary for year 1 and 2
    Mentorship
    401k & Benefits
    Education in all areas from Investments, Estate, Tax, Practice Development, Presentation skills

    Cons

    The only thing that will prevent you from succeeding in Advisory is if you can't stomach the work itself. Besides that, PCRG will give you every bit of training and tools for you to build your practice


  5. "Financial Advisor"

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

    I have been working at Pacific Capital Resource Group full-time (More than 3 years)

    Pros

    Freedom to build a practice.

    Cons

    Not many that I can see.


  6. "Unlimited Potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Bellevue, WA
    Current Employee - Financial Advisor in Bellevue, WA
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Pacific Capital Resource Group full-time (Less than a year)

    Pros

    Good people, unlimited salary potential, competitive, friendly, great training.

    Cons

    Creating your own market through family/friends & competitive quotas

    Advice to Management

    No complaints


  7. "Account Manager"

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

    I worked at Pacific Capital Resource Group full-time

    Pros

    Enjoyed working with everyone in the office, you get to meet with your managers every single morning so there is no lack of access to them. It is also far from a micromanagement scenario. They do have a very complete approach to the planning process and you definitely don't get that "scummy salesman" feel like you might at some other places.

    Cons

    Sometimes it's hard to get clients when you are first starting in the business as a few of the senior advisors will be reluctant to join you in cases (which is required for an unnecessarily long time) where they won't make much money. Also, the assets under management commission schedule is an incredibly low percentage for new advisors.

    Advice to Management

    Improve your online footprint and make it easier for clients to do business remotely.

  8. "Good Company with good leadership"

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

    I worked at Pacific Capital Resource Group full-time

    Pros

    Have some really knowledgeable senior advisers that are more than willing to offer advice and talk client situations out with you.

    Good platform with a great variety of products that you are able to fit to your client.

    Spend a lot of time teaching you the different tools at your disposal and the different types of products out there.

    Cons

    Like many financial advising jobs, this relies entirely on your ability to network, so if you aren't ready to ask everyone and their mother for referrals, this isn't for you.

    Advice to Management

    Start people in more of an understudy type position so they can get really comfortable with how to sell the products.


  9. "Financial Advisor Intern"

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

    I worked at Pacific Capital Resource Group (Less than a year)

    Pros

    - Great mentors, really knowledgeable and helpful about the financial planning industry.
    - Advisors seem to be very ethical/professional. Great relationships with their clients.
    - Super helpful in teaching me about personal finance. Learned more in a few months than in any college courses so far.
    - Internship a great set up for working at Pacific Capital full time in the long run.

    Cons

    - Bellevue office nice but getting a little cramped. They're redesigning soon I believe.
    - Pay was below average for an intern considering the rising minimum wage in the Seattle area.


  10. Helpful (2)

    "Financial Advisor"

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

    I worked at Pacific Capital Resource Group (More than a year)

    Pros

    This is the absolute best place to go if you want to effectively sell life insurance. The first three months as an intern are very intensive, but beneficial if you have a passion for life insurance. Employee benefits package through PCRG/Penn Mutual are outstanding.

    Cons

    Not much beneficial training outside of selling life insurance and getting client referrals; that is the sole objective of every training. Support and helpful guidance comes in waves after the internship period when it really matters. PCRG is focusing on growing (a little too fast) and adding "fresh blood," instead of giving their current advisors the resources they need; this was been a very drastic change since I started. Promises made in the interview process were not 100% true a lot of the time.

    Advice to Management

    Don't get too big, too fast. Focus on core competencies. Needs to be a bit more leadership and guidance than, "you need to do this/that to be successful." Helping advisors pay for marketing, sponsorship, and event opportunities would make a huge difference.


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