Cetera Financial Group reviews

A challenged company, “Cetera” has slogged through name changes, multiple ownership changes, a bankruptcy and is currently positioned within a private equity portfolio, likely to be jettisoned to a new owner in a few years once revenue and efficiency targets are met. Highly leveraged (approx. 50%) with debt that’s currently rated “junk” by a major rating agency, the company has a long way to go before management can focus on employees and advisors instead of just the bottom line. As a result of its tumultuous history and mismatched broker-dealers, the company is a rag-tag group of business units that have never really known where they are going or why. As for working for the company, you’ll do well if you can break into the clique of favoritism. You’ll have friends, assignments will be fairly pleasant and reasonable, and you might even get promoted. If you’re unable or unwilling to play “the favorites game,” you’ll be tolerated while leaders figure out a way to manage you out. Fall somewhere in the middle and your experience won’t be hellish, but it won’t be spectacular, either. If you like mediocrity, Cetera is your kind of place. Technology has always been behind the times, but the job gets done. It simply takes twice as long. Promises of new technology have been made and it appears that some systems may get the upgrades they’ve needed for years. Some recent upgrades to HR systems are welcome, with the exception of a third-party performance management system that can only be described as a first-class disaster.

The executive team in my opinion is racist. I was treated unfairly because I didn't bow down to the white women that the executive team favor. My complaints were never addressed and it was always just let them have their way. I believe this is the reason why I was picked to be laid off when the opportunity presented itself. There is one member of the executive team that bullies those he doesn't like and he has others do his dirty work so he can keep his hands clean. When I moved to another department my replacement didn't even stay a month because he wasn't going to put up with the disrespect and lack of assistance in learning the role he was hired for. Another team member in a different department left after a month because of the same reason. The management team constantly lies to you and then when you call them on it you are considered a trouble maker and then they find a way to let you go. The environment is toxic with the lies, bullying, and the lack of respect for the people of color.