Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #914074

Complaint Review: Navisis Financial - Chicago Illinois

  • Submitted:
  • Updated:
  • Reported By: Ychan235 — chicago Illinois United States of America
  • Author Not Confirmed What's this?
  • Why?
  • Navisis Financial 200 E Ohio Chicago, Illinois United States of America

Navisis Financial Low Pay, Long Hours, No Respect, Chicago, Illinois

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

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. 

This report was posted on Ripoff Report on 07/18/2012 05:08 PM and is a permanent record located here: https://www.ripoffreport.com/reports/navisis-financial/chicago-illinois-60611/navisis-financial-low-pay-long-hours-no-respect-chicago-illinois-914074. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now