Scottrade Reviews in Westminster, CO | Glassdoor

Scottrade Westminster Reviews

Updated December 5, 2017
15 reviews

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Westminster, CO

3.2
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Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
8 Ratings

15 Employee Reviews

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Pros
Cons
  • no room for advancement without relocating (in 31 reviews)

  • Slim chances of full time employment unless you move to St Louis (in 29 reviews)

More Pros and Cons

  1. "Good first job"

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

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

    Pros

    Decent pay
    Good management
    Good benefits
    Great 401k

    Cons

    Computer software needs to be updated
    Bad customers

    Advice to Management

    Increase the minimum for accounts


  2. Helpful (8)

    "Good benefits, low pay"

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

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

    Pros

    We were in a building.

    Cons

    The building was full of terrible people.

    Advice to Management

    Good luck with TD.

  3. Helpful (3)

    "Financial Services Representative"

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

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

    Pros

    Great benefits including half matching up to 15% on 401K and 15 Vacation days. The people who work there are truly some of the greatest people and the cohesive environment really makes a corporate atmosphere feel more enjoyable and friendly. Managers, Supervisors and Upper Management are very interactive with all of the employees and promote a positive environment in the workplace. Overall, I absolutely love working at Scottrade and the CEO and President are fantastic and extremely transparent, very down to earth as well.

    Cons

    Very strict schedule timing adherence enforcement which does get frustrating at times.

    Advice to Management

    More freedom for breaks during the workday would be appreciated. Sitting for hours straight without an opportunity to leave is extremely exhausting. But overall structurally the business is run very well and employees are treated great.

    Scottrade Response

    Jun 10, 2016 – Social Recruiting Team

    Thanks so much for taking the time to write a review. We’re happy to hear you’re enjoying your employment at Scottrade. Our company is known for providing excellent customer service, and we... More


  4. "Scottrade Review"

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

    I worked at Scottrade full-time (More than 3 years)

    Pros

    The pay is reasonable for the Denver, CO metro area. The rate of pay falls into the middle of the pack (higher than some but lower than others).

    The management culture is very much collaborative, where management seems to genuinely care about employees and their feedback. Management is also open and accessible.

    The benefits offered by the company (health, 401K, etc) were excellent.

    Cons

    I have none at this time.

    Advice to Management

    I have none at this time.

    Scottrade Response

    May 23, 2016 – Social Recruiting Team

    Thank you for your review and are happy to hear that you enjoyed your time at Scottrade!


  5. Helpful (41)

    "Run as fast as you can"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Westminster, CO
    Former Employee - Financial Services Representative in Westminster, CO
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    benefits are decent, 401(K) 50% match, some fun people to work with, no need to stay late.

    Cons

    Joining the denver service center was the worst decision I made. Top management at
    the service center is morally bankrupt. Most of the management does not have a job description and simply walks around doing nothing the whole day while the phone reps are forced to take back to back calls over a 10 hour shift. The non stop calls wont stop even after the dreaded tax season. They make you sign a 2 year contract so you cannot quit without owing them a lot of money regardless of how bad things get here. Please respect yourself and do not sign the contract or decide to work here. I paid a huge price and decided to pay them a lot of money to leave.

    Trust me there are a lot of better jobs out here in colorado.

    Advice to Management

    Replace most of the management and start from scratch. Scrap the unnecessary contracts.


  6. Helpful (9)

    "Decent place to work, but little upward mobility"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Center Technician in Westminster, CO
    Former Employee - Service Center Technician in Westminster, CO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits package, good people, nice culture.

    Cons

    Very little upward mobility. Herded like cattle in the Service Center. All too eager to take disciplinary action.


  7. Helpful (28)

    "Service center broker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Westminster, CO
    Current Employee - Financial Services Representative in Westminster, CO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Big on service but getting into sales. Started opportunities for service center. About the only good thing is the people that work there. Great place to start and get licensed.

    Cons

    Opportunity payout for asset finding is ridiculously low. No advancement in company. The system in use is archaic compared to competition. Have 2 year contract now for new hires to get licensed. Fully licensed brokers are forced to answer password resets and check requests.

    Advice to Management

    Upgrade the system! Have 1 system instead of having 5 platforms to answer one question. Go full service. Bump up minimum deposit and have a minimum balance as well to keep the quality of client. Hire temps for tax season. And have a team just for password resets to block those calls from getting to broker.

    Scottrade Response

    Aug 3, 2015 – Social Recruiting Team

    We appreciate your perspective and can understand some of the frustrations you’re feeling. Please know that there are teams within the firm that are always evaluating internal and external... More

  8. Helpful (2)

    "Broker Trainee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Broker Trainee in Westminster, CO
    Former Employee - Broker Trainee in Westminster, CO
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good management in Westminster, Colorado location. Company tries to offer a good work/life balance atmosphere. Easy entry to trainee position. Initial training program is fair if you have some financial background.

    Cons

    Pay is just decent. Very, very difficult to break out of call center and into other areas of the company even if you have skills for other positions. Difficult to form a bond to company and coworkers when you remain on phones entire shift.

    Advice to Management

    Burn out ratio in call center positions is normally high. Why is it preferable for you to lose good employees when you could offer some hope of entry into a non call center position?

    Scottrade Response

    Jun 25, 2015 – Social Recruiting Team

    Thank you for your review. We can understand your situation and regret to hear that it wasn’t a fit for you. There are many career paths within the company, which are not necessarily limited to an... More


  9. Helpful (4)

    "Safe work, Growth available."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Middle Office Ops in Westminster, CO
    Former Employee - Middle Office Ops in Westminster, CO
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    No licenses required to come onboard. Room for growth if willing to become licensed series 7 and 63 in first 90 days.

    Cons

    Slow moving department. Early stages of development still with minimal transparency. Told a lot to be "patient". No cafeteria or many lunch options nearby.

    Scottrade Response

    May 8, 2015 – Social Recruiting Team

    As our company evolves, we are working on ways to engage our associates by communicating more frequently. While change can take time, we want all associates to feel informed about Scottrade’s... More


  10. Helpful (19)

    "was good, getting worse"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Westminster, CO
    Current Employee - Financial Services Representative in Westminster, CO
    Recommends
    Positive Outlook

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

    Pros

    -laid back work environment
    -sponsors for series 7
    -lots of opportunity to learn about financial field

    Cons

    -noncompetitive products
    -tools needed to do the job are unreliable
    -managements is now attempting to add sales to the position but is failing miserably

    Advice to Management

    make a decent product before u attempt to sell it

    Scottrade Response

    Feb 23, 2015 – Social Recruiting Team

    Thank you for your feedback. We have teams in place that are constantly evaluating new technologies so that we are able to implement the best tools for our clients.


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