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Cetera Financial Group

Engaged Employer

It’s a Paycheck and That’s About All - Analyst Cetera Financial Group Employee Review

2.0
Jun 19, 2020
Recommend
CEO approval
Business Outlook

Pros

Salaries are within industry norms. The company’s benefits have slowly improved. A somewhat increased effort to foster employee volunteerism appears promising. Depending on the manager, your hours can be flexible. The company’s current owner, Genstar Capital, appears to be placing in motion it’s plan to improve profitability and competitive strength.

Cons

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.

Explore other reviews about Cetera Financial Group

5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Overall, I've had a very positive experience. One of the biggest strengths has been the people. I've had the opportunity to work with a great team and strong leadership, and everyone has been supportive, collaborative, and approachable. I appreciate the positive culture and the willingness of colleagues to help one another and share knowledge. I also value the work-life balance, which have helped create a healthy and productive work environment. The team fosters open communication, and I've enjoyed the variety of work and the opportunity to learn from different people and perspectives. Overall, it's been a great place to work, and I've genuinely enjoyed being part of the team.

Cons

* Greater visibility into long-term career development and advancement opportunities would be valuable. Establishing more structured career development programs and mentorship opportunities could help employees better understand potential growth paths and support their long-term development. * While there have been noticeable improvements, having more in-office activities and opportunities for collaboration and connection for employees who come into the office could make the experience more engaging and further strengthen team culture and employee engagement.

3.0
Jun 21, 2026
Recommend
CEO approval
Business Outlook

Pros

As with most larger size companies there are some genuinely great people that work here but there are also many who are just here for a paycheck. It pays to make friends and internal connections with subject matter experts. There are always new projects starting up and changes seem to be constant, so depending on timing and business segment, advancement can happen quickly. The pay and benefits are OK-decent, but could be better. While there’s change in some areas, others can be stable and very easy to get comfortable with, always work to be done! This can be a good thing for those craving consistency and stability but bad for those looking for something challenging, personal growth and/or advancement opportunities. Hybrid work environment for most roles but must be in office at least 2-3x weekly, and this is tracked.

Cons

Change is constant and training/support aren’t always available. Many acquisitions have led to culture and policy clashes or conflicting info/processes. Many people are overworked and burnout can and does occur. It can take forever for resolutions to come around as most internal systems and programs are outdated. Support is outsourced to third parties and require service tickets to be opened. Updates are also vendor dependent, so things take forever to get fixed, or require annoying long term workarounds. Pay and benefits are OK, but could be better. Advancement opps can also vary across business segments and there’s a lot of promotions based on favoritism or nepotism rather than merit/experience. Lots of little perks like free sodas, snacks, Nespresso machines and such disappeared. Team or department lunches and outings are far and few between. Holiday party went way downhill, although it seems like they might be trying to improve it more recently.

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