Trilogy Financial Reviews | Glassdoor

Trilogy Financial Reviews

Updated April 25, 2017
41 reviews

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3.4
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Trilogy Financial CEO, Founder and Owner Jeff Motske
Jeff Motske
25 Ratings

41 Employee Reviews

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  1. Helpful (2)

    "Financial Advisor Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor Associate
    Current Employee - Financial Advisor Associate
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Trilogy Financial full-time

    Pros

    Great location, experienced staff, A for effort on creating structure and training. The advisors clearly care about their customers and there is a lot of longevity. The client space is clean and modern. Great opportunity to build a business within a business.

    Cons

    Being a great salesperson doesn't make you a great manager. Management needs to be trained in HR, leadership and how to rollout a training program; before they start training others. The office environment for the employees is messy, outdated and cramped. They have set up a formal program to take you from Associate to Advisor, but the rollout seems a bit chaotic and haphazard.

    Advice to Management

    Spend a little money on making the employee's work environment more pleasant and modern. Have a more formal onboarding process that includes a day or two in the corporate office getting introduced to the company, licensing requirements, timelines, compensation and the overall training program so that all employees start with the same imprint, regardless of what office they work in.


  2. Helpful (1)

    "Good firm that's adjusting to the new DOL reality"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    The training is comprehensive. You'll learn a lot about big picture planning.

    Cons

    The B/D has overly complicated technology and has limited advisory investment options.
    Adjusting to a world without commissions has forced the company to rethink its entire process from training to sales process. There has been and will continue to be growing pains.

    Advice to Management

    The sooner you act like the big boys, the sooner you'll be one.

  3. "Financial Adviser"

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

    I have been working at Trilogy Financial full-time

    Pros

    Great environment with focus on collaboration, commitment to the work we do for our clients, and fun with our teammates.

    Cons

    Trilogy is a growing company and that involves change. Sometimes those changes could be communicated better.

    Advice to Management

    Develop clear communication around company changes and the impact it will have on all employees.


  4. "Still needs improvment"

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

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

    Pros

    Great office to work in, really like the people here

    Cons

    low wages and low PTO

    Advice to Management

    Value your office staff they are the ones who keep things going.


  5. Helpful (3)

    "Financial Executive"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Approves of CEO

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

    Pros

    Extensive training program from corporate level to local regional level. Felt there was a strong sense of support from the training managers. An independent firm where you can provide clients a wide variety of investment and insurance products.

    Cons

    It is a tough industry to get started in. Like any sales job, the leads will dry up. The company does have programs and strategies to help generate you leads, but it is mostly up to you.

    Advice to Management

    Focus more on personal development to boost confidence of new advisors. Too much attention on the script, and not the advisor.


  6. Helpful (2)

    "Hiring Coordinator"

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

    I worked at Trilogy Financial full-time

    Pros

    -good introduction into the Human Resource/Recruiting sector
    -productive group meetings

    Cons

    -lots of cold-calling
    -unreasonable quotas
    -no stimulation/incentives to perform well or exceed quota
    -favoritism/seniority
    -very low pay
    -felt like a hamster endlessly running on the wheel

    Advice to Management

    The recruiting department is crucial to the growth and quality of your employees/new hires, you should really look into it...


  7. Helpful (1)

    "Good place to be a financial advisor"

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

    Pros

    Upward mobility, training, support, great place to be a financial advisor

    Cons

    The air conditioner doesn't work sometimes

  8. Helpful (8)

    "it was ok."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    great place to gain work experience and knowledge on the financial industry

    Cons

    employee are very judgmental, some racist, and very moody. Never knew what to expect with the employees, mostly management. Never satisfied.

    Advice to Management

    none


  9. Helpful (12)

    "Very dissatisfied with job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Executive in Torrance, CA
    Former Employee - Financial Executive in Torrance, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Trilogy Financial full-time (Less than a year)

    Pros

    They pay for licensing and training. It's very informative especially if you have an interest in investments. The offices and people are nice.

    Cons

    It's essentially a sales job, and they won't tell you that in the beginning. They'll tell you you're not selling anything, but you ultimately are. Trilogy expects you to book 5-8 client meetings a week from only your personal contacts and referrals, which was difficult for me because more than half of my contacts live out of state. They also require you to then generate gross sales of $2000 for the first month, $4000 for the second, and $6000 every month after, all from your referrals and contacts. What make matters worse is that if you choose to start with a base salary plus 10% commission and are not able to meet your quota in the first three months, your compensation gets converted to 20% commission only, thus shrinking your income. Also, the very high E&O rates come out of your pocket if you don't make enough commissions to cover it every month. Trilogy doesn't tell you this until you receive the employment contract, which is inconsistent with the offer of employment initially given before the licensing and training starts. I left within a week of working at Trilogy.

    Advice to Management

    Be more transparent with the job description and the compensation structure when first meeting with prospective employees. Of course doing so may force you change your recruitment tactics, hopefully for the better.


  10. Helpful (8)

    "Don't Bother"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Executive
    Former Employee - Financial Executive
    Doesn't Recommend
    Approves of CEO

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

    Pros

    The culture of the company is very close-knit and comfortable, and the company does provide the tools for a basic start to a financial advisor career. The training program is good for the fundamentals of the industry and is relevant to the business model the company pushes.

    Cons

    However, despite claims of "independence", the selection of funds is really limited to the basic fund families as well as a group of basic products. During the interview process and subsequent training, there is a lack of transparency when it comes to exactly how much money one will make. If the connections aren't there or the networking doesn't yield desired contacts, there is very little room for advancement, regardless of the business one does. The business model begins with the premise of using personal contacts to start building clientele, but aside from that first piece, there is very little help offered besides the occasional event or piece of advice for direction.

    Advice to Management

    Be a bit more transparent when it comes to actual income earned, especially in terms of E&O insurance and how it impacts an advisor. Be more helpful to new financial advisors, especially ones who lack a network to build their clientele.


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