employer cover photo
employer logo
employer logo

Commonwealth Financial Network

Engaged Employer

Commonwealth Financial Network reviews

3.8

57% would recommend to a friend

(345 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 345 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

345 reviews
1.0
Sep 11, 2024

Used to be AMAZING, until recently...

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Mostly good and genuine people - Good health insurance plans, 401k match - Some extremely knowledgeable people across the organization.

Cons

Where do I start... I've been here a few years, feels like I've worked for 3 different companies: pre-pandemic, COVID times, and post-pandemic. Yes I understand that with growth and change, things might be rocky but when you don't plan this well, you become what CFN is today. The IT org is still dealing with pain points due to poor planning of A360 split, on top of that senior leadership introduced this new operating model (ok great!) but they never fixed the root cause of the issues, outdated processes. On top of that, as employees have been leaving, the organization decided to minimize hiring. Advisor requests, demands are always increasing, technology is rapidly evolving, management wants to adopt everything, meet advisor demands (service score), force all poorly planned changes on the organization as well as advisors, and then blame employees for poor service scores, advisor complaints, and eventually, kill the bonus... Some people in IT, both at IC as well as Leadership roles don't deserve to be in this field of work, they have little to no knowledge of how an IT org should work, they have somehow survived at CFN. Also, seems like there are one set of rules for some teams and a different set of rules for others, you might feel you're working for 2 different companies depending on your manager. The whole compensation change in 2023 seemed great initially but here in 2024, we're back to being underpaid when compared to similar roles elsewhere. My current base salary is same as someone who was hired 3 yrs ago in the same role; but overall I make less now since the bonus structure was changed from 20% to 10%. Number of stock options have been slashed drastically

2.0
Sep 6, 2022

Not great

Recommend
CEO approval
Business Outlook

Pros

There aren’t many benefits to be honest.

Cons

I have never felt so much like a number in my life.

3.0
Sep 14, 2021
Recommend
CEO approval
Business Outlook

Pros

Good people who care about the company and want to help it move forward

Cons

Unclear where the company was going; competing priorities cause confusion. Managers unskilled at managing and developing employees at all levels.

Viewing 49 - 51 of 345 Reviews

Glassdoor has 441 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.