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Commonwealth Financial Network

Engaged Employer

Commonwealth Financial Network reviews

3.8

57% would recommend to a friend

(128 total reviews)

Wayne Bloom

54% approve of CEO

37% positive business outlook

Reviews by job title

128 reviews

Reviews about "Compensation"

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4.0
Jun 7, 2021

Good Company Overall

Recommend
CEO approval
Business Outlook

Pros

CFN is great about employee appreciation. They really encourage advancing or moving to other departments in line with your career goals. Great culture and people.

Cons

The commute can be terrible if you live more than a 10 minute drive away. Management sometimes tolerates poor performance for way too long. The sheer amount of "exceptions" that are made for financial advisors can make your head spin, and really serves to undermine many standardized procedures.

3.0
May 11, 2021

Stuck in the past

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great people, decent benefits for full time employees

Cons

Titles and salaries are way below market; leadership and CEO want everything to go back to the way it was pre-covid where everyone is in the office at least 3 days a week. Not willing to evolve with the workforce's new needs and values, like flexible hours, ability to work full remote so we can expand our candidate pool. Leadership team is predominantly white men. Technology is dated and processes are archaic. Horrible commute.

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Commonwealth Financial Network Response
5y
Hi Anonymous, I’m sorry you left us feeling down, and I’m grateful for the opportunity to respond to your feedback. Our salaries, bonus, and stock option are competitive, and we ensure as much through active benchmarking. We’re also evolving our workforce to offer up to 40% (2 days) work from home and have always allowed flexible hours. I certainly understand that some folks prefer fully remote options, and that’s ok—it just doesn’t fit our approach that highly values the benefits that an on-premises workplace provides. This strategy doesn't mean either one of us is right or wrong—it’s just not a great fit for some folks, both young and more seasoned. Good luck moving forward, and thank you again for caring enough to post. Wayne CEO
Viewing 64 - 66 of 128 Reviews

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