Financial Consultant and CFP(R) - Vice President, Financial Consultant Charles Schwab Employee Review

1.0
8 Mar 2016
Recommend
CEO approval
Business outlook

Pros

Most likely you will find good co-workers in the branch with the exception of the manager who likely has zero experience as a Financial Consultant or in consultative sales generally, has little actual management experience of experienced sales professionals, and is too young to understand how to effectively interpret complicated nuanced communications--something that can only be learned by having significant consultative sales experience.

Cons

See above re Manager lack of experience. Micro management is now on steroids as is check the box criteria that have zero beneficial results for the client but since the firm invested money in some technology it must be used extensively even if it is a waste of time and energy. They no longer care more about revenue production than all else. They care more about conforming to the latest dictate from above. For multiple years, 2014 and 2015, I was the #1 producer in my branch, the only CFP(r) despite compensation claw backs and reduced benefits but since I did not play the politics and kiss the ring of the under qualified manager I was terminated without just cause.

Explore other reviews about Charles Schwab

5.0
7 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Lots of learning opportunities with opportunities for growth.

Cons

Limited to RM role for promotion, where you get stuck in that role.

3.0
29 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great clients, decent benefits, acceptable pay, excellent training for when you move on.

Cons

Pay below competitors, constant inbound calls, stringent metrics that tighten annually, middle-of-the-road work-life balance. Schwab used to have great culture, but it becomes more "corporate" every year and with every new CEO. The "Executive Council" is wildly out of touch with frontline employees and needs to stop passing the buck of employee dissatisfaction into the managers.

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