"Raving Fan" core value... only for the clients, not employees - Client Services Manager Moneta Group Employee Review

2.0
4 Jun 2015
Recommend
CEO approval
Business outlook

Pros

My team truly does work in the best interest of the client and has been for a very long time. The definition of financial advisor has very different meanings in the eyes of the public and once you are in the business you quickly see that brokers working on commission is not the way to go... as opposed to the fiduciary standard where advisors must have the clients best interest in hand. Moneta Group highly values CFP designations and this is a great indicator that they work in the client's best interest.

Cons

For a company that is so highly rated and prestigious in the community, you would think that they would treat their employees better, seek out talent or well qualified candidates with tenure and reward them with a fair salary. However, the starting salaries are extremely low (mid $30k's) and unless you have a CFP and are lucky enough to be placed on one of the good teams, you won't get anywhere quickly. Raises and salary come directly out of the boss' paycheck and the majority of the principals are much more likely to buy accessories for thousands of dollars than to pay their CSMs a fair wage or other perks to make up for the low pay (even additional training would be nice). Training and advancement classes are non-existent - other than training for new, already obsolete, programs (the company lags on technology). They demand the best candidates for CSMs then underpay them and treat them like secretaries. Turnover in the CSM position is pretty high because of this.

Explore other reviews about Moneta Group

5.0
22 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great people, if you find the right team can really be a good work environment and great work/life balance

Cons

Gotten bigger over the years so it’s harder to know everyone you don’t work with directly anymore

4.0
17 Jan 2025
Recommend
CEO approval
Business outlook

Pros

Great Perks - random free lunches, lawn game tournaments, prizes of PTO. Insurance, 401k options, etc are high quality. 401k matching starts quick, not remarkably high match though. Easy to change departments or positions, so growth is wide open. Depending on your position, pay can be somewhat low to market comparable.

Cons

4 days in office required. No included financial advice despite being a financial company. Bonuses are small. Management is hyper fixated on growth. They are rushing changes to current systems, processes, and personnel goals. Your progress is judged on future goals so it's impossible to feel successful. Most middle managers have been promoted to executives. That means it's progressively harder to get information, help, meetings scheduled with your direct supervisor. Executives often have meetings without all relevant parties. There are constant side meetings for executives and the actual doers are left catching up on their own and filling in the gaps.

2
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