THG Financial Reviews

4.7

96% would recommend to a friend

(32 total reviews)

Jonathan E. Corteen

100% approve of CEO

100% positive business outlook

THG Financial has an employee rating of 4.7 out of 5 stars, based on 32 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The THG Financial employee rating is 30% above average for employers within the Insurance industry (3.6 stars).

Reviews by job title

32 reviews
1.0
17 Jan 2017

Financial Advisor

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The experience you gain is the only pro I can see at this current moment.

Cons

Generate own leads Must rely on word of mouth Have to pay for your own licensing Have to make $4,000.00 in commission within 3 months in order to receive the $32,000.00 base salary. The salary consistently decreases each year until 100% commission

avatar
THG Financial Response
9y
Being an adviser can be a very rewarding career but it is not easy. We are a referral based culture and are looking for entrepreneurial self-starters who need some “seed”money to help get their practice going, but ultimately want the uncapped income potential a commission driven position offers. Our leadership and staff are dedicated to the success of our advisers and are fully vested in their growth. This is our commitment and culture. By partnering with each adviser, we are able to help them advance their practice but it is hard work and not ideal for every person.
5.0
17 Feb 2016
Recommend
CEO approval
Business outlook

Pros

This place is great! I am quite lucky to be here coming from no formal financial background. I come from a small business background and let me tell you as a business owner it's near impossible to go back to working for someone else. At this company I get to maintain that status, I'm my own boss and I don't have to answer to anyone except for myself. On that note, running a business is one of the biggest challenges you will face. You need to be driven, self-motivated and need to develop a solid business plan. The support is great here, they have an open door policy. I felt very out of place as being the only one not coming from a financial background in my hiring class of about 15. Through the training and coaching I was able to gain the confidence and skills I needed to make it in this industry. Let me tell you, product knowledge means nothing here if you cannot develop the skills to secure appointments with people. The only thing that is important in the beginning is getting in front of people. The product knowledge come from experience, meaning actually going on appointments. The best thing you can do starting out is joint work with experienced advisors. And in my opinion, experience trumps MBAs. What I mean by that is actually operating a business teaches you more than reading about how to operate a business. By doing the joint work you are exposed to different advisors and you can pick up techniques that you like and dislike about each and apply them to your business. Eventually you'll learn to develop your own presentation style and come to a point where you are doing appointments on your own. I've been here less than a year but I've seen many people fail. The reason why people fail in my opinion is that they don't trust the process. Often times people come in and let ego, greed, and laziness get in the way of their development. The proof is in the pudding, I am 1 of 5 or 6 from that hiring class that made it, and let me tell you that it had nothing to do with product knowledge. Management is also great. I wouldn't really call them managers, they are more of a coach or an advisor to your business. They give you tremendous support and advice on how to grow your business. There are not the typical numbers pushing managers. Its more of a personal motivator and consultant to your business type of relationship. The culture here is awesome as well, lots of company events, trips, etc. We have a team atmosphere here so you don't have the typical negative vibes that come with being overly- competitive and cut-throat. There are incentives and recognitions, but everyone is very supportive and encouraging of each other. Also, we got a sweet Starbucks machine in the break room.

Cons

This business is tough, mentally and financially (in the beginning). Just like any business owner there's no such thing as 9-5 here, you need to hustle even if it means taking appointments on the weekends. If you somehow manage to guile your way through the interviews and are not self-driven, self-motivated, mentally strong, persistent, and are not willing to develop business skills don't bother wasting 3 months of your time in the training -- you probably won't last.

4.0
22 Jul 2015

Consultant

Recommend
CEO approval
Business outlook

Pros

Every tool and the flexibility to pursue your goals Management is willing to help and is open to give that extra push for people showing the eagerness to succeed Good culture of decent people. In theory its a perfect place...

Cons

...in practice its an insurance agency only. Its insurance. Unless you have a solid few markets to prospect with significant success, it will be very difficult to make it through the first few years/ No real financial planning or wealth management focus outside of the manipulation of insurance contracts. they have a few systems that all revert back to life policies.

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Glassdoor has 39 THG Financial reviews submitted anonymously by THG Financial employees. Read employee reviews and ratings on Glassdoor to decide if THG Financial is right for you.