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Kestra Financial

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Kestra Financial reviews

2.2

24% would recommend to a friend

(180 total reviews)
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James Poer

24% approve of CEO

26% positive business outlook

Kestra Financial has an employee rating of 2.2 out of 5 stars, based on 180 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Kestra Financial employee rating is 41% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

180 reviews
1.0
Apr 19, 2018
Recommend
CEO approval
Business Outlook

Pros

- Super nice building - Great, fun, talented, hardworking people on the front lines

Cons

- Management does not communicate with their teams at all. You will not have skip levels, you will not review your manage, no one will take or use your feedback, this is not a collaborative environment whatsoever. Management lays down the law so they only have themselves to blame for their repeated failures. - Communication between departments, between managers and their teams, and just across the company is consistently nonexistent. Lots of siloing of information so when someone leaves, their knowledge is lost because it was never shared or documented. And often service teams are given completely conflicting information on what our policies our, which leads to frustration and confusion among our advisors. - Kestra is critically understaffed. In 12 months, the concierge team of what started at 18 people lost 10 people. More than half!! Management waited until it was an extraordinarily critical and untenable situation to start aggressively hiring. And they blamed hold times on the remaining team members, saying we were just inefficient and needed to work harder. We literally couldn't get up to go to the bathroom without getting skypes from managers that we needed to stay on the phone. Most call centers have a percentage wrap/idle or unavailable time that is expected of their staff, which is reasonable. At Kestra they got rid of post call work all together! You had to go straight from call to call without so much as getting a sip of your coffee, and if you had notes to add, items to research, questions for other departments, service requests to submit---well all those are supposed to magically get done after hours. - There is no accountability with management. They will always find a fall guy among the boots on the ground. It's really disappointing. Management 100% does not lead by example - Training is a joke. The few resources available are all outdated, completely unusable by new hires. There is no system or rhyme or reason to it. If you don't encounter a topic or issue while shadowing, you will learn through trial and error and there will be no leniency for you not knowing something that you were never trained on. It's all trial by fire for sure. - James Poer does not care about his people on the front lines. He basically says it outright to our faces at every quarterly meeting and we all laugh about how ridiculous it is, but the proof is in the pudding. The top down attitude is that they do not care about their employees and it is pervasive to the "culture" of Kestra. - You will never get support from your manager. If an advisor is angry, you are at fault no matter what, even if you gave correct information and no matter how gently you handled the situation. They are so fast to throw you under the bus and never stand up for you. That include your manager vouching for you to THEIR manager. Again, they can't pin it on a fall guy fast enough.

1.0
Aug 9, 2018
Recommend
CEO approval
Business Outlook

Pros

Free food on occasion Friendly coworkers

Cons

This job was fine at first and slowly morphed into a truly unbearable situation in less than a year and a half. Kestra is recruiting new advisors at an impressive rate. Rather than staff for that growth, they are trying to squeeze more and more productivity out of their existing employees by using some truly insane methods. The executives overseeing the operations department started watching our every move and decided we were taking too long to answer calls. Their brilliant solution was to start forcing us to take calls when we were not ready because they assumed we were slacking off rather than working on legitimately important issues between calls. God forbid we had something important to work on for an advisor we just spoke to. Screw that. Just take the next call. I recently heard from current employees that the new brilliant idea is to not let phone reps put the advisors on hold when a question or issue needs to be worked on. The phone rep is supposed to tell the advisor they will call them back and take the next call. The calls are coming in left and right so when is there possibly going to be time to research these issues and call people back? The advisors are going to be irate when the ball gets dropped. I know many are irate already due to being sold the world when they came to Kestra and we couldn't live up to unrealistic expectations. Oh - and did I mention that we were expected to respond to emails (on average 10-12 a day) within 24 hours without being given any time to work on them? The CEO has been asked about what he plans to do about the low ratings on Glassdoor. He blew that off and said it's only disgruntled employees writing these reviews and he doesn't want them working at Kestra anyway. My question to him would be, how did we become disgruntled? I left on good terms and in good standing with Kestra. But they really couldn't understand (and still don't) how miserable they make their employees by treating them as cogs instead of humans. No job I've had has been perfect but I've never been motivated to write a review like this until now. Why? Maybe because management at Kestra pretends to listen and pretends to care but in reality, they look at their employees as numbers in an equation. Executives are making their employee's working lives hell (specifically in the operations department but probably company-wide) because they refuse to try to understand the implications of their terrible policies. I could go on. I want to rant about the embarrassingly bad technology at Kestra but you can read other reviews to learn about that. Long story short, stay away from this company.

2.0
Mar 20, 2018

Not much to recommend here

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Building is nice and fellow staff are friendly and want to do the right thing

Cons

As much as they would like to believe they are building a "new" company, Kestra inherited much of their blame culture from their former parent NFP and have yet to shed that. Sticking your head up here will likely get it chopped off as they are always looking for someone to blame for their woes - and it's NEVER the "leadership" by the way. Management, especially upper tiers, don't recognize the value they have in their employees who all tend to work hard and actually care about what they are doing. Management is also arrogant and unresponsive to suggestions - definitely disengaged from the workers. And while the building is nice and the space is modern and well appointed, I couldn't help but feel like it was more of a factory floor with management looking on from their safe glass cubes - really contributes to the isolation the upper management has from the workers.

Viewing 7 - 9 of 180 Reviews

Glassdoor has 208 Kestra Financial reviews submitted anonymously by Kestra Financial employees. Read employee reviews and ratings on Glassdoor to decide if Kestra Financial is right for you.