St. James's Place Wealth Management Reviews | Glassdoor

St. James's Place Wealth Management Reviews

Updated May 26, 2017
31 reviews

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Full-time Part-time

3.7
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
St. James's Place Wealth Management CEO and Director David Bellamy
David Bellamy
15 Ratings

31 Employee Reviews

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  1. "Great environment for advisers, not for their support staff"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at St. James's Place Wealth Management full-time (More than 3 years)

    Pros

    Huge potential upside for financial advisers within the group, with high earnings potential and complete control over your work/life balance

    Cons

    Very poor benefits (little/no pension, no health cover, poor remuneration) for support staff and trainees within the advisory Practices which are run as small businesses and rarely see the benefits of investing in their staff. There is little governance from the corporate Group to ensure support staff receive fair benefits, as such many remain underpaid.

    Advice to Management

    Ensure that fair benefits are provided to not just advisers (those who bring in the money) but also their support staff, who ensure the whole operation continues to function.


  2. "Great brand"

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

    I have been working at St. James's Place Wealth Management full-time

    Pros

    Excellent technical backup. Wide range of products.

    Cons

    Need to write certain levels of business to keep full trail fees


  3. Helpful (3)

    "Cowboys"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Manager in London, England (UK)
    Former Employee - Business Manager in London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good marketing operation and expensive looking brochures.

    Cons

    SJP drive a coach & horses through FCA and RDR requirements, using a quasi-commission based "fee" structure. This leads to miss selling and poor practice, which is swept under the carpet as long as the Partner is a profitable business producer. Some Partners earn in excess of £250,000 PA , employ a paraplanner on 30K to do all the hard work, and swan around on the golf course most of the week. Partners often treat any compliance intervention with contempt, and are supported by the business in doing so.

    Advice to Management

    Join the 21st Century, this is no longer the Allied Crowbar / Hambro Life old boys club.


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  5. "Fantastic place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Promotions Officer in Cirencester, England (UK)
    Former Employee - Financial Promotions Officer in Cirencester, England (UK)
    Recommends
    Positive Outlook

    I worked at St. James's Place Wealth Management full-time (More than a year)

    Pros

    Brilliant culture and work environment

    Cons

    Progression is a little slow in head office as it is based in a small town so not much movement.


  6. "Support"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    FTSE 100. Guys I worked with were ok. Decent work environment.

    Cons

    Staff treat partners like second rate citizens. Not a nice company to work for. Extortionate fees and purely a sales machine mentality.


  7. "Partner"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Partner in London, England (UK)
    Former Employee - Partner in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at St. James's Place Wealth Management (More than a year)

    Pros

    Good experience, learning and management

    Cons

    On contract, no FT position


  8. "Great Place to work"

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

    I worked at St. James's Place Wealth Management (More than a year)

    Pros

    World class management, mentors and peers.

    Cons

    long hours but hey you make a very good living

    Advice to Management

    keep it up


  9. Helpful (1)

    "Glass Ceiling"

    Star Star Star Star Star
    • 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

    Good, youthful team. Pays well, doesn't require much work. Nice feel about the company.

    Cons

    No chance of progression, any promotions that are achieved are insignificant.


  10. "Investment Intern"

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

    Pros

    Worked with the Head of Investment to help build financial fund models using a programme called Financial Express. The Hong Kong office had a very open yet holistic working culture. Very friendly staff and were there to help me when ever I needed.

    Cons

    Would have liked to work more with clients and sit on some meetings to gain more experience

    Advice to Management

    N/A


  11. "1"

    Star Star Star Star Star
    • 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

    Pros

    good place to work thanks

    Cons

    none its a good place to work

    Advice to Management

    1


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