St. James's Place Wealth Management "sjp" Reviews | Glassdoor.co.uk

St. James's Place Wealth Management Employee Reviews about "sjp"

Updated 28 Jun 2019

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Found 33 reviews

3.8
StarStarStarStarStar
Rating TrendsRating Trends
82%
Recommend to a Friend
67%
Approve of CEO
St. James's Place Wealth Management CEO Andrew Croft
Andrew Croft
6 Ratings
Pros
  • "Inclusive culture, SJP foundation, hours and location(in 7 reviews)

  • "Good work-life balance and office atmosphere(in 5 reviews)

Cons
  • "SJP UK, and as an Asia Partner you find yourself wishing that we had as developed of a proposition as in the UK(in 7 reviews)

  • "Outdated IT system in head office(in 5 reviews)

More Pros and Cons

Reviews about "sjp"

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  1. Helpful (13)

    "Cowboys"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Business Manager in London, England
    Doesn't Recommend
    Disapproves of CEO

    I worked at St. James's Place Wealth Management

    Pros

    Good marketing operation and expensive looking brochures.

    Cons

    SJP drive a coach & horses through FCA and RDR requirements, using a quasi-commission based "fee" structure. This leads to miss selling and poor practice, which is swept under the carpet as long as the Partner is a profitable business producer. Some Partners earn in excess of £250,000 PA , employ a paraplanner on 30K to do all the hard work, and swan around on the golf course...

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    Advice to Management

    Join the 21st Century, this is no longer the Allied Crowbar / Hambro Life old boys club.

    St. James's Place Wealth Management2017-04-23
  2. Helpful (1)

    "SJP Assistant Adviser"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Adviser Assistant in London, England
    Recommends
    Positive Outlook

    I have been working at St. James's Place Wealth Management full-time for more than 3 years

    Pros

    - Lot of support from SJP, advisers. - Great back office and support from SJP

    Cons

    - Not great pay before becoming licenced

    St. James's Place Wealth Management2016-07-12
  3. "Progressive organisation"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Leeds, England
    Doesn't Recommend
    Positive Outlook

    I worked at St. James's Place Wealth Management full-time for more than 5 years

    Pros

    Potential to earn good money if you are support staff and varied roles with your allocated Financial Advisor. Can be great benefits.

    Cons

    Its an umbrella organisation, so St. James's Place (SJP) sometimes acts as a proxy employer to the support staff of the Financial Advisor and it causes many problems between you and your employer. Sometimes place too much emphasis on achieving targets than maintaining quality.

    Advice to Management

    Don't be a proxy employer! Some Partners may not be as big a hitter as the 3+ Partners but the quality of their advice and audit trail is second to none - be proud of it!

    St. James's Place Wealth Management2016-01-24
  4. "Those who work hard will be rewarded"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Marketing Consultant in Manchester, England
    Recommends
    Positive Outlook
    No Opinion of CEO

    I have been working at St. James's Place Wealth Management for less than a year

    Pros

    There is a really great opportunity for progression into higher roles at a fast rate if you work really hard.

    Cons

    The system in place means that you have to pay a large percentage to SJP out of everything you take in.

    Advice to Management

    To give more freedom. In the sense that you get all the negatives of being self employed with all the benefits taken away also.

    St. James's Place Wealth Management2015-11-13
  5. "Exceptional company to build a WM practice with"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate Partner in Shanghai, Shanghai
    Recommends
    Positive Outlook

    I worked at St. James's Place Wealth Management full-time for more than 5 years

    Pros

    * The proposition really works for clients, and solves a lot of problems your competitors cant. Happy clients means long-term clients, which is great for everyone. * Real wealth management solutions, not "investment sales". Exceptional technical support and development. This means you can take the role as a consultant, and be far more valuable to clients than many of your competitors. * A business model, that works...

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    Cons

    * SJP Asia is new vs SJP UK, and as an Asia Partner you find yourself wishing that we had as developed of a proposition as in the UK. * When you work for SJP, you get how massively different the company is from much of the competition. However, prospective clients might not know this until...

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    Advice to Management

    Keep developing the proposition and market SJP in Asia to distinguish from competition

    St. James's Place Wealth Management2018-09-19
Found 33 reviews