- Report: #914074
Complaint Review: Navisis Financial - Chicago Illinois
Reported By:
Ychan235 -
chicago, Illinois, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Navisis Financial
200 E Ohio Chicago, 60611 Illinois, United States of America
Phone:
Web:
Navisisfinancial.com
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Navisis Financial Low Pay, Long Hours, No Respect, Chicago, Illinois
I only worked here for 8 months but I can say with confidence that these are just bad people. They don't pay you after you get licensed and before you get licensed they only pay you 1350 a month! That's 1350 to work 7:30am to 6-pm monday through friday and the first two saturdays of the month. That comes out to less than 6 dollars an hour. It's legal because you are hired on contract and paid a stipend to study. When you first start you receive a binder with a schedule of how your day is suppose to go and it is bullshit. It says that you will have time during the work for education on investment ideas, time to shadow senior brokers to get better on the phone and time to study for the series 7. It's all a lie you get there at 7:30 and have a quick meeting and are told to hit the phones (many time before 8am which is illegal). You cold call all day, nothing else. After you get licensed you have to explain to every client how you are new and not like the older brokers who have sullied the reputation of the company so bad. The Vice President alone has 8 FINRA complaints against him. You get a high payout at first but you have to work harder than anyone else to make a living off of it.
At the right company with a living wage it would be tolerable because any advisor will tell you that is how the business goes, but the yelling and pressure put on you is intolerable at times especially when someone else does nothing and gets all the admiration and never yelled at.
If you work here just follow your own leads and if you get good ones don't give them to the older brokers. Just because someone has a Dolce and Gabbana watch and confuses ignorance with confidence, it doesn't mean that they know what they are talking about because they can't even afford to pay their bills.
Despite other reviews, Kevin Keane is not a bad guy. He's in charge of the broker trainees and is a little eccentric but only wants the best for the younger guys and has weathered the storm that is the last ten years of the stock market (which says something) and not his fault management is the way they are. He is a hell of a salesman but can turn people off with his personality.
So my advice is if you are willing to take a licking for a few months and make no real money for 7 months , go ahead and try it out to see if it fits your personality just beware of who you get partnered up with and don't listen to someone like Josh.
At the right company with a living wage it would be tolerable because any advisor will tell you that is how the business goes, but the yelling and pressure put on you is intolerable at times especially when someone else does nothing and gets all the admiration and never yelled at.
If you work here just follow your own leads and if you get good ones don't give them to the older brokers. Just because someone has a Dolce and Gabbana watch and confuses ignorance with confidence, it doesn't mean that they know what they are talking about because they can't even afford to pay their bills.
Despite other reviews, Kevin Keane is not a bad guy. He's in charge of the broker trainees and is a little eccentric but only wants the best for the younger guys and has weathered the storm that is the last ten years of the stock market (which says something) and not his fault management is the way they are. He is a hell of a salesman but can turn people off with his personality.
So my advice is if you are willing to take a licking for a few months and make no real money for 7 months , go ahead and try it out to see if it fits your personality just beware of who you get partnered up with and don't listen to someone like Josh.
