Great company with great people, but it was tough to get started - Financial Advisor Hoopis Group Employee Review

3.0
24 Sept 2014
Recommend
CEO approval
Business outlook

Pros

The company wants you to build your business how you see fit. They support you in your endeavors to further your financial planning knowledge. Great company culture with fun quarterly outings.

Cons

It's tough to get your business off the ground within financial services in-general. It's a 100% commission position. If you don't hit certain goals, certain compensation can be taken away from you.

Explore other reviews about Hoopis Group

5.0
1 Aug 2022
Recommend
CEO approval
Business outlook

Pros

People are great. Very flexible schedule.

Cons

Tough to get started in the Industry.

4.0
29 Nov 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

You are able to broker out and use other companies. They cover your upfront company expenses in the first year. You build your own residual income the longer you are there and they truly focus on what is in the best interest of the clients. You are essentially your own boss. You will gain a TON of experience and knowledge over years of being there. Income potential is unlimited but it is very hard work. Don't think for a second you can just come into a wealth management firm and expect to make a ton of money if you do not do what they tell you to. Staff is fantastic and always willing to help get what you need when it comes to education requirements, on going training, licensing, etc. Company events are always a lot of fun. Endless training topics that you can educate yourself on at your own leisure. Requires you to get your Series licenses. Many experienced advisors to learn from. Great benefits.

Cons

No base salary. Too many unclear and constant changes all at once without always being properly informed. Understanding pay structure and your company expenses is very confusing and unclear at times. A lot of required meetings that become redundant.

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