Yikes... - Financial Advisor McAdam Employee Review

2.0
5 Mar 2019
Recommend
CEO approval
Business outlook

Pros

This list is short. They have a great bonus structure. End of pros.

Cons

If you haven't worked in financial advising before, please do yourself a favor and go work for a bigger firm like Merrill Lynch, UBS, Morgan Stanley, etc. While McAdam may seem like a great place to get started, let me assure you it is not. They pay you absolutely nothing through the lengthy training process. Bigger firms will. They do not offer team advising. Bigger firms do. They do not offer a salary (purely commissions based). Bigger firms will start you with a base salary. In short, McAdam is a fine place to work if you have been in the industry, have an established client base, and have knowledge of how things work and what to do. But if you are relatively new to the industry, go somewhere else because you are set up to fail at McAdam. They will try to take advantage of you for your clients and not your talent. Don't let that happen.

Explore other reviews about McAdam

5.0
22 Apr 2026
Recommend
CEO approval
Business outlook

Pros

- Opportunities to meet with families and clients and deliver life-altering financial help and advice and build career-long bonds with new people - Collaborative culture - Company growth has been consistent with new opportunities for advancement as we help more families - If you are looking for an environment that is growth oriented & opportunity to build a business for yourself with significant internal support (leads, marketing help, leadership, etc.), this is a great place to look

Cons

- As an advisor, starting off can be difficult since it is a very entrepreneurial career. It requires a lot of mental fortitude and an acknowledgement that failure will happen more times than success - No base salary to start (at least if you are a new advisor starting their practice) but there are other bonuses that are utilized to help income at the start of the career - Emotional competence is a must. Being able to handle highs and lows is very important - If working a normal 9 to 5 is your desire, it may not be a good fit (if you are looking to be an advisor)

1.0
24 May 2026
Recommend
CEO approval
Business outlook

Pros

Honestly, the only decent part was the people you work with. A lot of other new hires are in the same boat, so there’s a bit of shared struggle and support just from going through it together. The energy at the start can also feel exciting before you realize what the job actually is.

Cons

The job gets sold as a big opportunity but it really isn’t what they make it out to be. It’s basically constant cold calling and trying to push sales with bad leads, plus being encouraged to hit up your own friends and family. There’s no real stability, no proper training, and not much guidance once you’re in it. You’re kind of just thrown in and expected to figure it out while still meeting high pressure targets every day. Management is very focused on tracking numbers but not very helpful when you actually need support. The expectations don’t really match the reality of the job, which makes it stressful and frustrating pretty quickly. Most people don’t stick around long.

See reviews by: Helpful|Rating|Date|All