Promontory Financial Group Reviews

+The work environment is toxic. There are some very bad apples here, particularly at the Director level. On several occasions, clients have had to intervene on behalf of junior employees being verbally abused by Directors at a client site. +Employees don’t even bother going to our internal HR anymore as HR couldn’t care or do less about even the most egregious conduct. +The recent positive reviews are clearly fake. Instead of addressing issues, management or HR has resorted to writing fake reviews. Read them and judge for yourself. This is representative of the firm’s ethics and approach to "addressing" issues. +Nepotism is rampant. There has been many complaints about this, which I thought would lead to reforms. However, it seems all the complaints lead to was more senior people asking for favors for their relatives. +The firm is poorly managed across the board. There are way too many senior people for the amount of work we have, yet we keep hiring more. All despite never-ending cuts to existing employee bonuses and pay. +Some MDs are way too fond of the young females hires. +It can’t be emphasized enough how sharply pay has declined in recent years. "industry leading to industry joke" is the joke. +Some teams send employees overseas for months at a time on a few days notice, without regard to personal constraints or preferences. When the firm is covering travel expenses, you’ll be chewed out and threatened with termination if you even spend half of what is supposedly permitted under company policy. +Bonus disparity is massive and completely lacks any relationship to merit, tenure, or level. +Management is very dishonest. Willingness to lie to anyone about anything at anytime seems to be the only perquisite for a managerial role at PFG. +When it comes to pay and promotions, believe NOTHING your manager tells you. Absolutely nothing. These decisions are the practices group's, not HR's. Don't let them convince you otherwise and hold them accountable to at least explain the situation if you are unhappy.

The firm's day to day governance structure can most aptly be compared to a geriatric rendition of Lord of the Flies. There are few rules. What rules do exist are selectively applied and change every five minutes. There are too many over-sized egos at the top of the firm and not enough work/resources/territory/money to go around. They should give hazard pay for working under some of the managers here. HR and senior management frequently turn a blind eye to appallingly abusive conduct and bullying by senior employees. Junior employees are shown absolutely no respect or appreciation. Complete dedication and loyalty is demanded by the firm but is rarely reciprocated. Employees have been fleeing in droves. Selective layoffs/firings are also underway. Advancement is very difficult if not impossible (unless of course your father is an MD or on the board of an international bank in which case you'll be on the fast track to the top). With a large number of senior employees on the bench, there are few opportunities for junior staff to take on increased responsibilities. There is absolutely no investment in employees. There is no mentoring. There is no training. I'm unaware of a single industry event attended by a junior employee. Bonuses are disappearing, and pay has been frozen for years. The work itself isn't very stimulating. Even if you are lucky enough to get staffed on an interesting project, as a junior employee you are likely to spend most of your time preparing expense reports, invoices, or project plans with few opportunities to build industry specific expertise or gain transferable skills. To echo other reviews, management has very little ethics or integrity when it comes to either its business practices or its treatment of its employees. Employees are frequently mandated to push worthless software products on their client relationships to the embarrassment of everyone involved. There is no end to the squandering of money. No matter how slow business is, the CEO will continue to hire high priced advisors who neither do or bring in work. Millions have been spent on horrid modern artwork for the offices. Private jets whisk MDs to executive retreats in Napa Valley. The CEO refuses to travel by anything other than private jet. At the same time, it was recently announced that bonuses would not even be paid in 2016. Morale has been abysmal and nearly everyone is looking for an exit including, apparently, the founder.