Wells Fargo Financial Advisor Reviews | Glassdoor

Wells Fargo Financial Advisor Reviews

Updated December 6, 2018
170 reviews

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Financial Advisor

2.5
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Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
17 Ratings

Employee Reviews

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Pros
Cons
  • "Sometimes difficult work life balance" (in 372 reviews)

  • "Can be hard to reach sales goals" (in 1273 reviews)

More Pros and Cons

  1. "Great Company"

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

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

    Pros

    Open architecture for financial advisors. Very supportive management

    Cons

    Negative news stories from past problems


  2. Helpful (1)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Omaha, NE
    Current Employee - Financial Advisor in Omaha, NE
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Pay. Great brand name. Good technology.

    Cons

    Compliance is killing us. Very bureaucratic. Autocratic middle managers who never opened an account in their lives.

    Advice to Management

    You cannot hire entrepreneurs, and then treat them like bank tellers.

  3. Helpful (1)

    "Financial Advisor"

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

    I worked at Wells Fargo (More than 5 years)

    Pros

    The only pro I can think of is that I had a friend in the office. Otherwise, I would have to say that this is the worst job I ever had.

    Cons

    Poor management, denial of scandal, micromanaging, too many meetings, constantly changing compensation schedule, numerous payroll mistakes...the list goes on!

    Advice to Management

    Stop treating employees like children, be honest and pay a living wage.


  4. "Probably wouldn’t work for them again..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Charlotte, NC
    Former Employee - Financial Advisor in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great, friendly lower-level and immediate management employees

    Cons

    Upper management is seriously lacking

    Advice to Management

    Hire transparency, not the other way around


  5. Helpful (1)

    "HATE THIS PLACE"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in New York, NY
    Current Employee - Financial Advisor in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    none at all. The place is run by idiots

    Cons

    Everything is wrong with it. Such an unethical company.

    Advice to Management

    Quit. Remove yourself as you are the problem.


  6. Helpful (3)

    "Wells Fargo solutions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Solutions Advisor in Charlotte, NC
    Current Employee - Financial Solutions Advisor in Charlotte, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Sponsor for series 7 and 66

    Cons

    No consistency with management, pay below peers, no job advancement

    Advice to Management

    Listen to your employees. I’m not proud of our product “menu” as a financial advisor knowing there are better products for clients. We push intuitive investor to clients, even to clients that doesn’t even have a computer!This is my two weeks notice btw.


  7. "Wells Fargo Advisors"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Chicago, IL
    Current Employee - Financial Advisor in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Midwestern values, more Main Street than Wall Street

    Cons

    Advisor comp plan has production hurdles before higher payout rate applies. Hurdle incentivises advisor to push higher commission products in order to reach higher payout rates sooner.

    Advice to Management

    Remove production hurdles and lower average payout rate. Also, keep the company out of the headlines.

  8. "WFA Solutions"

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

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

    Pros

    Great team based environment, perfect opportunity for recent grads to become licensed and build necessary skills. Very stable work environment, suitable for those that value structure or have kids and can’t afford to take work home.

    Cons

    Very highly supervised position, you will not like this role if you need a high degree of autonomy. Pay may not be as competitive depending on your skills also not a great place for incredibly creative individuals as most processes are very prescriptive.

    Advice to Management

    Pay is not the only factor but it’s a big one, do more market research on similar positions and price accordingly.communicate to new hires their expectations more effectively. Do more to respond to team member concerns in a clear and effective manor.


  9. Helpful (2)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in New York, NY
    Former Employee - Financial Advisor in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    None to think of now

    Cons

    Too many to list here

    Advice to Management

    Stop letting compliance drive the business


  10. Helpful (2)

    "Think carefully"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Relationship Advisor in New Brunswick, NJ
    Former Employee - Financial Relationship Advisor in New Brunswick, NJ
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Management knows how to make things sound really nice.

    Cons

    Management , bonuses are discretionary. Training is not really what you would expect from a wirehouse.

    Advice to Management

    Stop dancing around the topic! Help your new-hires become the top producers of tomorrow. Change the bonus structure.