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Commonwealth Financial Network

Engaged Employer

Commonwealth Financial Network reviews

3.8

57% would recommend to a friend

(344 total reviews)

Wayne Bloom

54% approve of CEO

37% positive business outlook

Commonwealth Financial Network has an employee rating of 3.8 out of 5 stars, based on 344 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Commonwealth Financial Network employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

344 reviews
2.0
Apr 7, 2022
Recommend
CEO approval
Business Outlook

Pros

There are some great co-workers, limited work from home.

Cons

High labor turnover (which is framed positively by management as showing Commonwealth as an employer of choice in the labor market) and disorganized structure can make day-to-day simple tasks extremely complicated. Technology is an absolute joke and breaks regularly. Any criticisms/suggestions which could improve efficiency are shut down and ignored, it is truly a top down organization where you just do what you are told by management. Fringe benefits like underwater stock options and vacation properties during a pandemic are not too attractive given the current state of affairs so it makes since why so many have left since the pandemic.

1.0
May 8, 2024

Look elsewhere

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Free snacks. 401k match and company properties

Cons

Used to love CFN until they forced the return to work policy for “company moral”. When you work individually there is no benefit to being in the office. And then tracking our badge swipes felt like high school signing out to go to the bathroom all over again. The change of structure in the bonus and stock options is garbage. Used to feel rewarded then turned into a punishment.

1.0
Feb 16, 2022
Recommend
CEO approval
Business Outlook

Pros

Per Glassdoor guidelines, "You must enter at least 5 words for Pros."

Cons

There is definitely a façade that exists within most of the departments but as well as the company. Even during my stint at CFN, there were so many tenured individuals who left (for various reasons) for better opportunities or none at all. Many were exhausted from the lack of career progression or just completely drained by their workload. Whatever the reason is, there is no support in making sure individuals are cared for. This also is true for HR. One in particular is the most callous and inconsiderate individual I have had the dissatisfaction of meeting. Being in HR, I would assume that they would show some empathy to individuals but that is not the case. Her title should be changed from HR to Corporate Protection. Might as well give her a "Hall Monitor" sash and a whistle to make her feel important. Additionally, management is not qualified to be in the positions they are in and do not have the leadership skills to help out employees. Any advice or feedback to improve processes was routinely shut down or taken as the "it is what it is" approach. Some managers in compliance should not even have a job. They don't know how to mitigate risk and create uniformity within their department. We were bombarded with so many different answers I felt like I was selecting an entree on a Cheesecake Factory menu. It all sounded feasible but nothing was cohesive nor did it really make sense. Manager discretion is key in getting what you want. Nepotism runs rampant so schmoozing up to the right person will get you somewhere. I've never heard of being grandfathered into a specific situation when you're a new hire. Sounds like being Instagram friends and liking all of their posts grants an exception. Those who actually worked at CFN for years have weaseled their way to management and have now disrupted the "culture" of what I've always heard.

Viewing 28 - 30 of 344 Reviews

Glassdoor has 440 Commonwealth Financial Network reviews submitted anonymously by Commonwealth Financial Network employees. Read employee reviews and ratings on Glassdoor to decide if Commonwealth Financial Network is right for you.