North Star Resource Group
2.7 of 5 23 reviews
www.northstarfinancial.com Minneapolis, MN 150 to 499 Employees

North Star Resource Group Reviews

Updated Mar 04, 2014
All Employees Current Employees Only

2.7 23 reviews

                             

67% Approve of the CEO

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Phillip C. Richards

(3 ratings)

33% of employees recommend this company to a friend
23 Employee Reviews
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A Company dedicated to building a strong culture and providing exceptional client service.

Anonymous Employee (Current Employee)
Minneapolis, MN (US)

I have been working at North Star Resource Group full-time for more than 5 years

ProsQuality work &commitment do not go unnoticed. As with any career, you should be required to demonstrate your value &North Star recognizes that.

ConsWe're in a client-centered business, which has both challenges & rewards.

Advice to Senior ManagementKeep setting a great example and high standards for your team members to help them realize their full potential.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great job with great people

Anonymous Employee (Current Employee)

I have been working at North Star Resource Group

ProsGreat place to work, learn, and lay down the foundation for a successful and rewarding career path! Wonderful and helpful people that truly want to help you succeed in all that you do and want you to accomplish all of your goals.

ConsIt is crucial that you are always working hard. A lot is expected out of you and you will work hard to get where you want to be.

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No Structure, No Support, No Success

Anonymous Employee (Former Employee)

I worked at North Star Resource Group full-time

ProsManagers are never present and you're able to make your own schedule. It's a great environment and culture but only for a select group of people.

ConsComplete disorganization throughout the entire company, which causes employees at all levels to experience frustration and failures in some areas. Upper management is focused on bringing in only a certain type of candidate and diversity is non-existent. Flagrant disrespect for women in private offices where HR representation is void.

Advice to Senior ManagementWhen failures occur within the company, take responsibility instead of passing the buck to those below you. Leadership, respect and success start at the top and trickle down.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Awful place to work

Intern (Current Employee)

I have been working at North Star Resource Group as an intern for less than a year

ProsThe last day of the job. Learning that I don't want to work for them. Learning that not all companies are created equal.

ConsMislead during interview process, paid under minimum wage, flawed mentor / rewards system. Only paid 6.25 per hour. No appreciation was shown during the internship. It was a terrible experience. I would never recommend this place to a friend. If you are a halfway decent candidate take your skills else where to a company that will appreciate you and reward you for your skills. You literally cannot afford to pay rent the first 6 months after starting with North star.

Advice to Senior ManagementTreat your lower level employees better. They are you're bread and butter. Every intern should get a meal at the dinners if you are expecting them to attend. It's the little things that will help you recruit good talent and right now you are failing miserably.

No, I would not recommend this company to a friend

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Hard work, great culture, long term rewards

Financial Advisor (Current Employee)

I have been working at North Star Resource Group full-time

ProsGreat culture and co-workers.
Independence of owning your own business, flexible schedule.
Freedom to build your practice however you envision it.

ConsTakes a lot of hard work and long hours to build successful practice.
Very unstable compensation for the first few years
If you need someone to watch over you and tell you what to do then this career is not for you.

Advice to Senior ManagementPay your staff more - we've got great administrative support but they aren't compensated as well as they should be.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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1 person found this helpful  

Happy to be gone

Anonymous Employee (Former Employee)

I worked at North Star Resource Group

Pros- Flexible Schedule for support staff
- Received time off when I wanted/needed it
- Fun enviorment
- 1/3 of the Financial Advisors are fun, and bonus their support staff since the company decided to stop giving raises 5 years ago

Cons- Management sucks
- 5 year "raise freeze" for the staff even though the company was hitting "record high" numbers
- No training program for new employees
- There has not been a real Human Resouces contact for over 6 years
- Management does not communicate with their staff on important matters

Advice to Senior ManagementIf you want your employess to stay, and your advisors to be appy, try paying your staff more. They have given you many years of dedicated service, what have you given them?

No, I would not recommend this company to a friend

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A very rewarding career after a lot of hard work

Financial Advisor (Current Employee)
Minneapolis, MN (US)

I have been working at North Star Resource Group full-time for more than 3 years

ProsYou have the opportunity to run your own business and have true job security
Flexible work environment and schedule
Incredible upside income potential which is limited only by your own motiviation
Great culture and very supportive management

ConsIt's very difficult to get started and it can take years to build a successful practice.
Very long hours and low pay during the first few years (up to 3 years)
You constantly face rejection and skepticism as not everyone appreciates the work that you do.
You can't just try this career on for size. It's just too tough and you will fail. It requires a great deal of persistence and vision to succeed in this business.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Work Hard, Play Harder

Client Relationship Coordinator (Current Employee)
Philadelphia, PA (US)

I have been working at North Star Resource Group as an intern for less than a year

ProsGreat company culture within small business
Mentorship affective in helping to learn the business
Great sales experience and great jump start on filling your funnel to build clientele at an early stage
Sky is the limit

ConsCold calling is main part of the job and can become tedious at times
Have to face rejection every day
Small hourly wage, but pay is based on performance
Long work weeks are a norm, most full time employees work 70-80 hrs per week in the earlier stages of their practice

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Ok... but you had better have a natural market to sell to

Anonymous Employee (Former Employee)

I worked at North Star Resource Group for less than a year

ProsSupportive staff and basic training programs

ConsVery dated and high pressure to sell.

Advice to Senior ManagementProvide a base salary for recent grads to get a start.

No, I would not recommend this company to a friend

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1 person found this helpful  

Awful place to work

Advisor (Former Employee)

I worked at North Star Resource Group full-time

ProsThe day I left that place.

ConsPonzi scheme structure. You bring two friends in, they each bring in two friends, etc. I feel horrible for their clients. Always getting slammed into highly commissionable life insurance products that don't make sense for their situation.

Advice to Senior ManagementLook in the mirror and slap yourself.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Glassdoor is your free inside look at North Star Resource Group reviews and ratings - including employee satisfaction and approval ratings for North Star Resource Group CEO Phillip C. Richards. All 23 reviews are posted anonymously by North Star Resource Group employees.