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Capstone Partners Financial and Insurance Services

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Be careful and be aware - Financial Advisor Capstone Partners Financial and Insurance Services Employee Review

1.0
19 June 2019
Recommend
CEO approval
Business outlook

Pros

Holistic financial planning, hard business but rewarding

Cons

Management paints a great picture and makes it seem that their life is attainable. You have to attend 2-3 trainings every week for months. You have to split commissions with a senior advisor and they end up taking the client in the end. They do not teach you how to get new clients. Basically they make you hit up all of your friends and family. They also embellish the amount of money that first year or any advisor is making to make it seem like everyone is making money when actually no one is. Heavy insurance focus. You must be ready to sell insurance as all of your goals are only for insurance. Lastly make sure you save all of the money that they give you in advance because they will come after you for it if you quit!

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Capstone Partners Financial and Insurance Services Response
5y
I think you will find that the only 3 negative reviews all happened in 2 days and we suspect by the same person. Just look at the wording of the titles. It's amazing that Glassdoor would allow someone to make false statements without any evidence to back it up. Ask to see what kind of money our agents are making, we can show you. We have a proven system that has made us the #1 agency in Mass Mutual( fortune 100 company), in new agent success and new agent growth years 2-4 four years in a row. Ask for the proof, we will be more than happy to show you. I think that is proof enough that we show people how to grow their practice, that includes prospecting for new clients. A strength of our development program is that we do pair you up with our best advisors. They are able to open and close much more business than someone starting this career on their own. You are splitting the commissions with the senior advisor but the client belongs to the agent who brings the relationship to the table. If you are teaming with a senior advisor then that senior advisor would be giving you their clients to call on and splitting the commissions with you as well. There are many industry studies that show a new agent will always be more successful when paired with a senior advisor vs on their own, even after splits. Lastly, the money that we would ask an agent to pay back is money that was advanced to them and they did not keep up their end of the agreement. Advancing money outside our normal compensation structure is not done often but it can be option. I don't know of any company that would give an advancement of monies and not ask for it back if that individual did not make good on the agreement.

Explore other reviews about Capstone Partners Financial and Insurance Services

5.0
28 Feb 2025
Recommend
CEO approval
Business outlook

Pros

The company has started a new program to pay for all study materials for insurance and investment licensing. There is a generous bonus paid for new advisors who obtain the S7/S66 licenses while at the firm.

Cons

Studying for licenses and earning new business at the same time is challenging but feels good to accomplish once it's done.

1.0
24 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

If you already have a nest egg you might be able to make this work

Cons

Run away. If you are starting your career and have no money and they claim they'll support you as you get your practice off the ground they are lying to you. Don't destroy your financial situation. This place is full of con artists. Run away as fast as you can. I'm not even sure this is a legal operation as they require you to come in for meetings or they'll let you go. Yet they don't pay you.

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