Cetera Financial Group reviews

The organizational structure can be confusing because are the different B/Ds that makeup Cetera.

Extremely high turnover in upper management & within subordinates in multiple departments; even the offshore company Cetera uses to process accounts is experiencing high turnover all the way in India. As a result, departments are relying heavily on the use of consultants and contract workers to accomplish tasks involving highly sensitive data. Procedures change hands continually, & Ceter's labor expenditures are abhorrent as they deal with significant overtime and training costs to counter the personnel turnover. There are major issues impeding effective interdepartmental communication; this is likely because main operations of the company are in different states (& countries) and the technology is extremely outdated. The main software programs used glitch nonstop. There was an issue with incorrect W-2 statements this year and the company requested that affected employees delay filing taxes. They've not quite finished a computer refresh project, but it's fortunate that it's finally happening because the old IBM Thinkpads crash nonstop. The network was recently down for three days, but employees were never informed what caused the failure of the network (or the W-2s). Just Google Cetera Financial Group in the news. We're not told of any of the lawsuits or millions the company pays out. Any business decisions resulting from them reorganizing as a reactive measure are explained to us in a sugarcoated way, completely ignoring the true underlying reason for the decision (despite the truth being in news articles). For those who read up on the company they work for, it can be awkward in meetings. Little mobility in this company. Don't expect years of loyalty to be rewarded in the slightest bit. I've only worked here for three years, but I know several people who have been here much longer with no reward for their great work.