Poor Employee Development - Analyst GenSpring Employee Review

2.0
29 Apr 2013
Recommend
CEO approval
Business outlook

Pros

Competitive pay. Fees are charged based on assets under management and the firm does not offer its own products so there is no push to sell and advisors may offer less biased advice. I think the services offered to clients are fantastic and very well rounded. Advisors really care (for the most part) about their clients and their wellbeing. Flexible work hours.

Cons

No career development. No mentorship. No clear career path. Firm will pay for needed continuing education (CLE, CPE, etc...) for some people, but not others. Firm focuses a lot of time and money on client satisfaction and little to none on employee satisfaction or office unity. Things are run differently in every office - there is little consistency. Recent movements are pulling the firm closer to the bank.

Explore other reviews about GenSpring

5.0
15 Jun 2017
Recommend
CEO approval
Business outlook

Pros

Great group of people, very professional, great location

Cons

Not much chance for advancement for Admins unless they are looking to move into the world of finance

2.0
2 Aug 2016
Recommend
CEO approval
Business outlook

Pros

Great learning environment. Working with ultra high net worth clients will expose you to every facet of the investment universe. Colleagues are highly motivated professionals with upper level designations like CFPs or CFAs.

Cons

They higher young workers who are willing to work at a lower salary with the promise of bonuses and salary increases. Management regularly finds a way to provide these incentives to the top producing advisors, but the employees doing the leg work are often overlooked. The company is also owned by SunTrust Bank who will reduce staff at GenSpring when their overall profits are low. It's also difficult to be promoted without earning a designation. They don't pay for your higher education either which places the burden on the employee.

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