Wealth Manager - werkgeversreview Wealth Manager bij USAA

1,0
2 jun 2017
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Great benefits and work life balance. Can't beat them. No cold calling for business. Good but not great base pay.

Minpunten

Where to start... Middle of 2016 USAA shut down face to face wealth management. In the past 12 months we've gone from 230 wealth managers to 130 as of this post with many more on the way out. USAA upper management has lost touch with how to run a business, it's an awful work environment with absolutely no trust. Some new fire comes up every week. We got all new upper leadership about 18 months ago and it's been terrible ever since. Pay cuts are next on the docket. Very vague info but it's definitely coming. Job is becoming very micromanaged across all sites with appearance that it too will be a call center job. Crazy. Writing is on the wall that USAA doesn't know how to operate in wealth advising and is moving the business into the digital arena, targeting younger people with little in assets meanwhile letting attrition happen without bringing in replacements. The company has seen over $250 million in net managed money alone leave YTD in 2017 and its not stopping soon. I feel awful for the members in wealth management because it's very apparent leadership doesn't care about them which is completely counter to the wealth industry. You normally would want to talk to people with money and cater your business to maintain those relationships. Another huge warning sign: very unethical practices happening to those who have recently left or been fired, marking their employment history for things leadership advised it's employees to do in best practice sessions.

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5,0
8 jul 2026
Aanbevelen
Goedkeuring directeur
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Pluspunten

Good pay. People who care and want to see everyone succeed. Great benefits

Minpunten

Hard to get hired in any capacity. Harder now even if you are not former military even if you have family who were.

5,0
8 mei 2015
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Life work balance, great benefit package and nice colleagues. The goal of the company is providing the best service to its members. So, they treat employees the best to encourage them to do the same for members.

Minpunten

Slow IT support, limited interactions with industry. Banking business is not as mature as insurance.

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