Does Independent Capital Management pay their employees well?

According to anonymously submitted Glassdoor reviews, Independent Capital Management employees rate their compensation and benefits as 3.7 out of 5. Find out more about salaries and benefits at Independent Capital Management. This rating has been stable over the past 12 months.

How satisfied are employees working at Independent Capital Management?

78% of Independent Capital Management employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Independent Capital Management 4.1 out of 5 for work life balance, 4.4 for culture and values and 4.3 for career opportunities.

What are the top reviewed jobs at Independent Capital Management?

Financial Advisor (23) , Financial Services Specialist (10) , Supervisor (3) , Anonymous (2) , Registered Representative (2)

What are the pros of working at Independent Capital Management according to real employee reviews?

"The managers are always available, engaged, & take employee suggestions seriously" ((in 9 reviews)); "Excellent Training and Culture." ((in 9 reviews)); "The management team is extremely helpful and gives you all of the proper guidance in order to make you successful." ((in 5 reviews)); "met a lot of really great people." ((in 4 reviews)); "A good training program and enjoyable work environment, lots of help available from an advise perspective." ((in 3 reviews))

What are the cons of working at Independent Capital Management according to real employee reviews?

"most people work on commission only." ((in 5 reviews)); "It does take hard work and sometimes long hours if you want to do well, especially starting out." ((in 4 reviews))

Independent Capital Management Reviews

4.2

78% would recommend to a friend

(76 total reviews)

Drew Marloe

94% approve of CEO

78% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (76 reviews)

Independent Capital Management has an employee rating of 4.2 out of 5 stars, based on 76 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Independent Capital Management employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

76 reviews

2.0

30 July 2013

Not what you think it is

Financial advisor

Recommend

CEO approval

Business outlook

Pros

Strong team mentality and welcoming environment.

Cons

No paid training, a lot of fees for exams (out of pocket), you spend most of your time studying rather than working. They got me right out of college and wasted my time. They basically made me spend all my own money on exams and fees AND HERE'S THE KICKER. You have to sign a contract that they don't pay you until you've depleted you bank accounts. Crappy office space, if you even call it that. The entire space is as large as a doctor's waiting room.

Independent Capital Management Response

11y

We DO pay new employees when they are in training. We reimburse 100% of the cost of all licenses that our employees wish to earn. We are looking for our advisors to be CFP's and have several licenses and certifications. Of course we don't make employees sign a contract that we don't pay you. Our office in San Diego is in a class A building on the 11th floor and is approximately 3,000 feet. I am not sure who would be sitting around doing nothing. If you did not pass any of your exams that could be the only reason. We are in a very regulated industry and we cannot let our employees work with our clients unless they are competent.

1.0

23 Mar 2015

Commission only, 1099

Manager trainee

Recommend

CEO approval

Business outlook

Pros

Independent work, flexible hours, ok co-workers, professional,

Cons

No paid training, strictly commission, 1099(you pay your own taxes), little benefits

Independent Capital Management Response

10y

ICM does pay for training. The industry is incentive based and there is a salary option if that is what you prefer. We have employees that receive W2 income in addition to full health insurance coverage and 401k matching to name a few benefits. I am not sure why you would say such things when not accurate.

5.0

19 Mar 2015

One of the most flexible finance positions I have held to date

Financial advisor

Recommend

CEO approval

Business outlook

Pros

The schedule revolves around you and your work ethic. You are given all the training and tools to succeed and pass your securities and insurance examinations. ICM has weekly training sessions and works with many companies that update us frequently. The pace is up to you. Hard work ethic leads to promotions and I have seen coworkers rise to supervisor level within a year. ICM understands that as a Financial Advisor you must tailor to the needs of the clients objectives, and time schedule. Aside from mandatory training, you have the flexibility to meet with clients throughout the week and are encouraged to build a genuine relationship with the client. ICM doesn't have to sell any specific product which makes you truly create a custom plan for each client.

Cons

The start at this company will not be easy. You are expected to pay for your own licensing fees. The company does not offer you a salary, but rather has an elaborate bonus structure to compensate you as you begin building up your commission. The bonuses include compensation for passing your examinations as well as weekly, monthly, quarterly and yearly bonuses, so the incentive to work hard is here. It is designed to offer the position to those determined to make it in this industry. The commission rate is generous, however, the starting weeks and maybe month(s) in the field will be difficult. Because ICM does not cold call, ICM will expect you to have connections that you hope to bring into the firm, and expects you to build your practice on your ability to obtain referrals. ICM is independent and chooses which companies to do business with. Be prepared to know the competition and the latest products on a weekly basis.

Viewing 1 - 3 of 76 Reviews

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