Employees last, growth first - werkgeversreview Anonieme werknemer bij Commonwealth Financial Network

1,0
29 okt 2023
Anonieme werknemer
Aanbevelen
Goedkeuring directeur
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Pluspunten

The majority of people are generally some of the nicest people out there.

Minpunten

Imagine working with your FTE colleagues from New Jersey, Rhode Island, Texas, Florida, and other states who all have work from home exceptions, but because you’re in MA or near San Diego, you have to be in the office 3 days a week for arbitrary reasons. I’m not against coming into the office each week, but with how much this is being micromanaged, it’s insane, belittles previous accomplishments, and is making people feel sick. Wayne, the CEO has nothing better to do than check employee attendance non-stop and micromanage the most minute details, such as forcing employees to fill out their biography on the internal site, or having them remove jackets from their chairs. Working in Technology requires flexibility when dealing with the unexpected, and we’ve been beyond flexible for the last 3+ years despite the numerous challenges, performing work after normal business hours, putting out fires, dealing with incompetence from Advisor360, and staying up late to perform changes. If you want us to waste hours commuting that’s fine, however, the employees in other states then need to handle everything after hours, so we’re setting a fair standard across the department. If I get in a car and spend an hour in traffic each way into the office, my day is done when I get home, and that’s not just me saying this, but I’ve heard this from many other IT people. The company may have pulled off the biggest scam of all time with the new performance/merit review system they put in place this year, so they can pay employees less in the long run. For most employees, the yearly bonus is reduced by half, as it’s based on a service score number that could take years to achieve again. Most normal employees received a 10% increase at the beginning of the year to compensate for the new bonus system, but when pay is already on the lower end across the board, inflation is high, and now there are additional commuting costs, it feels terrible. Chances are the company is not going to properly adjust pay in the new year, and a lot of people they are going to make less with these factors. If you’re reading this and are interested in any position within Technology, stay away, unless you’re given a golden ticket to work from home full time. That way you won’t be exposed to the toxicity of the CEO in person or the decaying culture of the company. Many tenured employees have left the company this year to no surprise, and everything is just becoming a shell of what it once was.

Ontdek andere reviews over Commonwealth Financial Network

5,0
14 mei 2026
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Honestly CFN has been the best job of my life. Despite the acquisition of LPL I still think my direct manager is very supportive and there for our team. The work life balance (for now) is still great. My WFH days to help a lot. Even though some people feel bearish of the future of CFN I remain a bit hopeful. I truly hope LPL does allow us to remain a separate subsidiary permanently as our culture is quite unique. So far the M&A has not been too bad on us and in my opinion things are leaning toward the positive.

Minpunten

LPL acquisition should have never happened . Certain tenured folks have favoritism which is inappropriate

2,0
3 jun 2026
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

We get free bagels on Mondays

Minpunten

LPL purchase has changed everything that made the company great. Used to be a tight nit company with great perks and benefits. Upper management sold out and all of that was lost. Most of the employees feel betrayed, and so do the advisors. Within 2 years CFN will be entirely absorbed and the company we once knew will no longer exist

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