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Pacer Financial

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Pacer Financial Reviews

2.6

13% would recommend to a friend

(13 total reviews)

Joe Thomson

53% approve of CEO

14% positive business outlook

Reviews by job title

13 reviews
1.0
16 Dec 2015
Recommend
CEO approval
Business outlook

Pros

The employees, both in Paoli and out in the field, are hard working and good people. The management - specifically the national sales manager and president - are fundamentally decent people and have a wealth of experience and industry knowledge from which you can learn... if you can take the way the message is delivered. If you're a young internal, there's a very good chance for promotion to the field if you work hard.

Cons

-- Below average comp plan vs. other wholesaling positions -- Heinous work environment (even if you were remote). See below: -- Limited expense budget In 2012 this was an organization that had serious culture issues. Management employed a style deeply based on intimidation and "bully" tactics. It was common for jobs to be threatened (almost weekly) and for employees to be publicly shamed, reprimanded, and in a few instances terminated. Think: Alec Baldwin in Glengarry Glenross and you won't be too far off. The bottom line is this was neither a supportive nor positive environment. Morale was at an extreme low across the board - almost everyone (literally) was actively seeking employment elsewhere. The shelf life of the average Pacer employee seemed to be somewhere around 12-18 months. By that time he/she had either been summarily terminated for some deficiency in subjective evaluation* or had secured employment elsewhere - you were lucky if you were the latter. ( * - the product we represented was not easily traceable as it was exchange traded. Much of employee evaluation was based on metrics other than actual sales) This was the situation in and around the year 2012. I'm actually surprised there aren't more reviews considering the emotion and volume of turnover at Pacer during this time. Hopefully things have improved, however the same management is still in place at the time of this review....

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Pacer Financial Response
8y
We always like to hear feedback, even if it is not positive. Since this review we have increased comp across the board for both Internals and Externals by raising the base in both instances. It feels to me like we have turned the corner, and that the health and attitude of the company has been substantially improved. we have hired quite a few new folks both internally and externally. Sales have increased substantially, which always seems to make people feel better in a sales company. we remain committed to continuing to grow and re-invest in the people here, and hopefully people will have a more consistently favorable view. Sean O'Hara President, PacerETFs Distributors
1.0
27 Mar 2022

Toxic Environment All Around

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

CEO only. Mr. Thomson was the only good part.

Cons

Toxic beyond comparison. Sexist and abusive. The only success stories come from the bloodlines.

3.0
18 Jan 2021

WOW.

Recommend
CEO approval
Business outlook

Pros

A Great group of people

Cons

Senior management is an absolute MESS. They do not support their employees, its dog eat dog.

Viewing 1 - 3 of 13 Reviews

Glassdoor has 15 Pacer Financial reviews submitted anonymously by Pacer Financial employees. Read employee reviews and ratings on Glassdoor to decide if Pacer Financial is right for you.