TIAA Reviews in Los Angeles, CA | Glassdoor

TIAA Los Angeles Reviews

Updated May 3, 2017
2 reviews

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Los Angeles, CA

3.1
Star Star Star Star Star
Recommend to a friend
Approve of CEO
TIAA President & CEO Roger Ferguson
Roger Ferguson
2 Ratings

2 Employee Reviews

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Pros
Cons
  • There are enough teams that are understaffed that complains about non-existing work-life balance are common (in 42 reviews)

  • Senior management tries to micromanage everything instead of moving forward (in 36 reviews)

More Pros and Cons

  1. Helpful (4)

    "Senior Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Consultant in Los Angeles, CA
    Former Employee - Senior Financial Consultant in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at TIAA full-time (More than 8 years)

    Pros

    Freedom to set own schedule, outstanding benefits, solid company with excellent reputation. If you believe in the mission of working with educators and the non profit fields, you can fit in very well. TIAA offers excellent products at a very low cost. And their technology has improved immensely just over the last few years.

    Cons

    Very difficult to get promoted unless you are willing to relocate far away. Few positions to move into in So Cal other than Wealth Management. Depending on your director they can make your life great or a living hell.
    There are a lot of old school employees who don't necessarily like change so change in policy can take a while to make happen. System integration is also a real problem in that FC's rely heavily on their Wealth Manager teammates to ensure they earn credit on referred sales. But many Wealth Managers have idea how to do that. So many sales can get lost unless you are really on top of things. The way Wealth Managers and FC's get compensated is totally different. So until there is better training and integration, these problems will continue to happen.

    Advice to Management

    Have more oversight on the effectiveness of your field consultant managers. Interview FC's on a regular basis to get honest feedback on their manager. Most FC's do NOT speak up and bad managers continue to manage for years on end without being checked.


  2. Helpful (11)

    "Wealth Management Adviksor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wealth Management Advisor in Los Angeles, CA
    Former Employee - Wealth Management Advisor in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    The company had good training that lasted about 6 weeks and prepares you well to be a successful wealth planner. You also get a private office and a decent starting salary.

    Cons

    The micromanagement was so insane almost half you day scheduled calls and continuous training. The leads are all done in house and there is no prospecting allowed. You are assigned random clients with account balance of 250k or more in their retirement from a huge geographic area. They limit the clients they give and most have no intention or capability of doing business. It seems most wealth managers last about 18 months which was the case with me. They make you sign a contract that you must pay back 7k "training cost" if you leave before a year of selling.


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