Charles Schwab
3.1 of 5 753 reviews
www.aboutschwab.com San Francisco, CA 5000+ Employees

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4 people found this helpful  

Vice President-Financial Consultant

Vice President, Financial Consultant (Current Employee)
San Jose, CA (US)

I have been working at Charles Schwab full-time for more than 10 years

ProsEthical financial guidance;
Reasonable/affordable product pricing;
Transparency of fees;
Great brand name;
Work/life balance;
Supportive and collaborative work environment;
Diverse employee base;
Embracement of new technologies;
Good benefits;
Time to volunteer of 8 hours per year;

ConsFew career advancement opportunities or options except growing own practice;
Employee base is diverse, but management is not;
Overly cumbersome paperwork and procedures, especially on advice products;
Frequent changes in executive level leadership result in inconsistent policies;
Opinions of top producers count, but not the others;
Favoritism hurts morale;
Quarterly resets burn out even the best calibers;
Termination after 2-4 quarters of bottom 20% sales: Financial Consultants are treated like disposables within the company while trying to convince clients they are experienced and trusted advisors and will be there for clients for a long time;

Advice to Senior ManagementIf you would like clients to believe they are dealing with a trusted advisory service provider firm, you need to respect and empower your front-line Financial Consultants, especially those with 10+ years of experiences, and allow for bottom-up feedback and participation instead of only top-down dumping of compensation/advice/product policy changes, campaigns and quotas.

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Very improved after Pottruck was fired

Registered Representative II (Former Employee)
Phoenix, AZ (US)

I worked at Charles Schwab full-time for more than 8 years


Pros: Chuck Schwab and Walt Bettinger seem like the real deal ... sincere in caring about both their employees and their customers. The company has been pretty… Cons: At least when I left there were still several directors that had yet to convert away from the greed of the Pottruck… Advice to Senior Management: Continue to the return back to Chuck Schwab's founding principles. Do more to make employees also Schwab stock holders. Continue weeding out those… Yes, I would recommend this company to a friend More

 

Good people, but low pay

Associate (Former Employee)
Phoenix, AZ (US)

I worked at Charles Schwab for more than 5 years


Pros: Good culture and provides a lot of training. Many career paths to… Cons: Low salary and annual salary increase is terrible. Tell you… Advice to Senior Management: Have more openness with salary info, especially with your own employees. Two people in the same department, working… More

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