Scottrade Reviews | Glassdoor

Scottrade Reviews

Updated April 25, 2017
942 reviews

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942 Employee Reviews

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Pros
  • Great work/life balance for employees (in 124 reviews)

  • 401k match, weekends off or should I say on parole (in 57 reviews)

Cons
  • This practice also doesn't leave room for advancement because incompetent people get promoted and stay there (in 31 reviews)

  • A glass ceiling exists unless you choose to move to St Louis where the corporate office is located (in 28 reviews)

More Pros and Cons

  1. Helpful (45)

    "Not"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Saint Louis, MO
    Current Employee - Anonymous in Saint Louis, MO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Scottrade full-time (More than 10 years)

    Pros

    Great people work there. The people are the greatest strength the company has, and you will gain a lot from the relationships there. If you keep your eyes open, you can learn a lot.

    Cons

    The people are the greatest asset, but the focus is now on tasks and metrics, not people. We are no longer "employees", "associates", or "people". We are "headcounts" or "resources" and the message is clear that there are too many of us. If we leave the company, we are not going to be replaced, and our co-workers have to pick up our slack. So, there is a strong resistance to go above and beyond or take on more responsibility because it will bite us in the end. Killing ourselves to complete a system conversion by January, which will be a waste once the company is sold.

    Advice to Management

    Be honest with yourselves, and with the employees, about what you really value today, not what you valued yesterday, or what you think people want to hear.


  2. "Investment consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seattle, WA
    Current Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    manager and coworkers are very nice and encouraging.

    Cons

    business structure is not clear

    Advice to Management

    Go back to old scottrade management team


  3. "Shared Services"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Benefits Specialist in O'Fallon, IL
    Current Employee - Benefits Specialist in O'Fallon, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than a year)

    Pros

    Wonderful friendly working environment, true teamwork.

    Cons

    Uncertain future due to upcoming merger.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (4)

    "Investment Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Consultant in Manhattan Beach, CA
    Current Employee - Investment Consultant in Manhattan Beach, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Scottrade (More than 3 years)

    Pros

    Pretty good communication from execs

    Cons

    technology is lagging and small open offices make having in depth financial discussions difficult.


  6. Helpful (42)

    "Every Dog Has Its Day"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Analyst in Saint Louis, MO
    Former Employee - Systems Analyst in Saint Louis, MO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Scottrade full-time (More than 5 years)

    Pros

    Great benefits as mentioned before - 401K match, health coverage, $750 HSA seed money every year, $300 towards gym memberships; the benefits are off honestly great

    Cons

    Everything besides the benefits; the place is a dumpster fire - there was just no talent at the top of the organization for so many years; this led to no real strategic vision/planning for the company while all its competitors evolved into asset gathering mode; no one should be surprised that Scottrade failed to scale and missed the boat by 10-15 years; having said that, selling the company is the right choice - this firm would've just died a slow death like Kodak

    Advice to Management

    Go back in time 15 years, fire yourselves and bring in professional managers with actual college degrees, experience in strategic planning and execution


  7. Helpful (1)

    "Investment Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Consultant in Miami, FL
    Current Employee - Investment Consultant in Miami, FL
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great company to start career
    great to learn about the markets and investment products
    entry level sales role

    Cons

    limited growth
    lots of customer service

    Advice to Management

    none


  8. "Product Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Saint Louis, MO
    Current Employee - Anonymous Employee in Saint Louis, MO
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than 5 years)

    Pros

    They've always had a great work/life balance.

    Cons

    Departments can be very siloed and lack of urgency.


  9. Helpful (11)

    "Investment consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Consultant in Chicago, IL
    Former Employee - Investment Consultant in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Scottrade full-time (More than a year)

    Pros

    Nice 401K match, decent vacation days

    Cons

    Branch manager is very selfish and lazy, leaves early all the time and expect the ICs do all the work. Not to mention dozing off and watching cable TV all the time.


  10. "Financial Service Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Saint Louis, MO
    Current Employee - Financial Services Representative in Saint Louis, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than 3 years)

    Pros

    Love the people, culture and environment

    Cons

    They software and technology are outdated


  11. Helpful (1)

    "Web Developer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Web Developer in Saint Louis, MO
    Current Employee - Web Developer in Saint Louis, MO
    Approves of CEO

    I have been working at Scottrade (More than 8 years)

    Pros

    I've enjoyed working at Scottrade. I always felt that Rodger cared about the people (both customers and associates). My manager and team are great--and part of the reason I enjoy coming to work every day.

    Cons

    The uncertainty of being acquired by TD Ameritrade.

    Advice to Management

    Keep communicating! People need to know how to plan their future.


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