Hoopis Group Reviews

4.0

76% would recommend to a friend

(57 total reviews)

Peter H. Hoopis

81% approve of CEO

76% positive business outlook

Hoopis Group has an employee rating of 4.0 out of 5 stars, based on 57 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Hoopis Group employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

57 reviews
1.0
18 Jan 2017

Horrible!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Part of MassMutual, great policyholder-owned company.

Cons

Management is distant, clueless, little access when you need help. Lots of chiefs and few Indians. Office is a pit, with cubes that make you feel rat-like. Systems don't function. All commission: you are expected to sell life insurance to everyone, even if they don't need it. Horrible experience, would not recommend as employee or client. Beware!

avatar
Hoopis Group Response
9y
We appreciate you sharing your thoughts. After being with our firm for more than three years, we are sorry to hear that you had a less than desirable experience. We pride ourselves on helping our clients reach their financial goals, and a very important part of their financial well-being is protecting their families with life insurance. We would never suggest that our advisors sell anything to their clients that would not be in their best interest. We take all feedback given to us seriously, and will do our best to look into the issues you mentioned. We wish you the best of luck on your future endeavors.
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.

1.0
15 Jun 2018

Financial Services Rep

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The relationships you build with other young professionals and the few upper management who seem to care are special. Very good friends to this day. Other than that, nothing.

Cons

Be very careful young professionals. The things they tell you in the interview process make it seem like you'll earn 100k year 1 when in reality the majority of the young reps in the office make 15-20k. The management team in the Chicago office is laughable. They are more worried about there own agendas than actually help develop talent. It seems as though these "leaders" are only focused on how much they make and that comes off very clear to everyone else. They get young people to come in, work with older reps, and because the turnover rate is astronomically high, the older reps feast on family and friends after you're gone. The can toe the line on compliance, especially in private meetings. The message they send to prospects is very misleading and I have found it to do more harm than good, especially in my own case. I have had to mend relationships with family and friends because of the "work" older advisors did with them thinking it was going to help me when in reality it only serves the top dogs. I worked there for 2 years and almost everyone that I had worked with is gone to different jobs. Working here caused my problems in my life than anything they could have paid me. PLEASE STEER CLEAR AWAY YOUNG PROFESSIONALS.

avatar
Hoopis Group Response
7y
At Hoopis Group, we pride ourselves on support for our advisors and the notion of personal responsibility. When advisors choose to join Hoopis Group, they do so because they alone are in control of their success. The harder they work, the more they reap. In order to provide a leg up in the initial phases of their careers, we provide mentors and experienced advisors to teach our new advisors how to build their personal practices and become successful advisors. Unfortunately though, not all advisors succeed in this industry. Our retention rate compares favorably to that of our competitors and we know that once an advisor leaves, the relationships and clients that they have built are left in good and competent hands of their fellow advisors providing the clients with the financial solutions they need. We are sorry that you did not succeed in this position and wish you the best of luck in your future endeavors. Only you control your success!
Viewing 1 - 3 of 57 Reviews

Glassdoor has 65 Hoopis Group reviews submitted anonymously by Hoopis Group employees. Read employee reviews and ratings on Glassdoor to decide if Hoopis Group is right for you.