Redmayne Bentley Reviews | Glassdoor.co.uk

Redmayne Bentley Reviews

6 reviews

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2.9
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Redmayne Bentley Joint Chief Executive David Loudon
David Loudon
3 Ratings

Employee Reviews

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  1. Helpful (1)

    "A progressive and supportive company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stockbroker in Leeds, England
    Current Employee - Stockbroker in Leeds, England
    Recommends
    Approves of CEO

    I have been working at Redmayne Bentley full-time (More than 5 years)

    Pros

    The business is looking to the future and adapting well to the rapidly changing landscape within financial services.

    The company offers a placement scheme which allows students the chance to gain exposure to stockbroking and wealth management.

    There is significant support if employees want to take professional examinations.

    Modern offices and good location for commuters

    Cons

    Very few cons to working here

    Advice to Management

    Keep pushing forward and supporting employees


  2. Helpful (1)

    "Industrial Placement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Redmayne Bentley as an intern

    Pros

    Small company means significant exposure to senior management

    Cons

    Limited opportunities for progression due to low turnover in more senior positions

    Advice to Management

    Nothing in particular stands out as an issue for senior managers

  3. Helpful (2)

    "Old School Business"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate
    Recommends
    Neutral Outlook

    I worked at Redmayne Bentley full-time

    Pros

    RB is proud of its traditional heritage and expects standards to reflect that. Clients are extremely loyal. Hasn't been tarnished with the "City" image. Some of the older dealers are amoungst the best traders you will ever come across for flow trading.

    Cons

    Back office is in head office and often forget that their job is to support the front office franchises. Anything outside of traditional stock broking is a foreign concept. Research virutally non-existant. Unless you're already an established stockbroker opening a new office, progression will be extremely slow.

    Advice to Management

    None really, their business model works for them. Maybe try not to be so Leeds centric.


  4. Helpful (2)

    "Placement"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Really exciting place to work

    Cons

    very aggressive towards staff, dont really care about staff. working environment is not the best


  5. Helpful (6)

    "Tread very carefully, earning potential will not meet expectations and your success is not a serious consideration..."

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

    Pros

    Open to new starters with limited experience.

    Cons

    Not all branches are centrally owned, majority are franchised. This means little to no budget or resources as a broker and more often than not the resources that are available are extremely dated. The franchise model means that some branches are run by people with no management experience and a business plan where employees are not valued and individual success is not a priority. The brokers then unknowingly funnel new accounts to a branch manager who personally cherry picks the best accounts, whilst underperforming brokers are then either performance managed out or voluntarily resign as wages (commission) falls. Various obstacles whilst attempting to build a client book such as ownership issues of client leads, bogus internal compliance checks, which are all designed to obstruct individual progress and continue lining the pockets of management.

    Huge staff turnover with most people moving elsewhere often after weeks can be demoralising for those who remain.

    Advice to Management

    Listen to constructive criticism from employees and clients and try and implement a more sustainable growth plan to improve staff satisfaction.

    Stop misleading new starters with inflated OTE targets, which are with almost no exception never consistently achieved.


  6. Helpful (2)

    "Good firm to work for...."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Broker in London, England
    Former Employee - Broker in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Redmayne Bentley full-time (More than a year)

    Pros

    - Good numeration scheme
    - Good atmosphere
    - Fun place to work and a rewarding job
    - Culture of organisation is welcoming and supportive

    Cons

    - Large workload
    - Stressful job
    - Long hours
    - You have to be committed to the job if you want to get anything out of it

    Advice to Management

    Potentially increase numeration of staff through methods other than salary i.e. healthcare, social events etc.