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      Lenox Advisors

      Part of NFP

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      Lenox Advisors reviews

      4.3

      83% would recommend to a friend

      (114 total reviews)
      avatar

      Greg Large

      97% approve of CEO

      86% positive business outlook

      Ratings by category

      4.4

      Culture & values

      4.4

      Diversity & inclusion

      4.4

      Senior management

      4.4

      Career opportunities

      4.1

      Work/Life balance

      4.0

      Compensation and benefits

      Lenox Advisors has an employee rating of 4.3 out of 5 stars, based on 114 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Lenox Advisors employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

      Ratings by demographic groups

      Reviews by job title

      114 reviews
      5.0
      Jan 14, 2023

      Fast-paced, high expectations, very rewarding

      Associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Having been at other financial service companies, I’ve seen the good, the bad, and the ugly. I couldn't be happier than to have found my way to Lenox. The training program for new associates is the best I've seen - 1) Managers are hands-on and available to assist with associate development, 2) new associates are not required to prospect their natural markets, and 3) a huge emphasis is put on advising clients rather than just making a sale. Culturally, advisors seem to genuinely care about their clients and do honest business. New associates aren't simply thrown in the deep end - there's a well-established, EFFECTIVE business development & client acquisition path. Most importantly, I've been impressed to see how many new associates who put in the work end up making good money and having big paydays in their first year - I haven't seen this at any other firm unless it was a new associate with a wealthy natural network. At Lenox, they actually develop real skills quickly. For experienced advisors like myself who moved to Lenox, the support provided by the company was like night and day. There's always someone easy to reach to help with navigating through processes like compliance, technical support, and case management. Senior management is receptive to feedback about bottlenecks in the process and implementing improvements.

      Cons

      Generally, financial advising is not a career for everyone. Whether at Lenox or another company, the beginning is very tough - it's a steep trek of long hours and delayed gratification until an advisor's business can sustain itself. Every successful advisor has a similar story about the sacrifices they had to make in the beginning to break through. There will be a lot of rejection in the beginning, tough lessons in self-ownership, and unsteady compensation - feast-or-famine - unless the new advisor really works hard to stay active. Lazy people, as talented or smart as you may be, need not apply. At the end of the day, if your manager is any good, expect a lot of pressure. If, in your first year, you find yourself working 9-5 instead of getting in early to find clients and staying late doing paperwork & prepping for the next day, you (and your manager) are doing something wrong. But a few years in, once revenue is recurring, one can easily have full control over a ~25-30 hr/week schedule with ample compensation.

      avatar
      Lenox Advisors Response
      3y
      We are ecstatic to hear how impressed you have been with your experience at Lenox. It reflects our commitment to helping new advisors acquire skills in a supportive and rewarding environment. We pride ourselves on creating an atmosphere of trust and support, and it's incredibly satisfying to know that this is being lived out each day through our advisors. Your appreciation for the hands-on manager involvement and client-centered approach really encourages us to continue such practices. We appreciate your kind words; please let us know if there's anything else we can do to make your experience even better!
      5.0
      Jan 12, 2023

      Being a Part of a Successful Culture

      Associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Before joining Lenox, I moved my wife and son across the country to be a part of the Lenox team. I decided to change my career trajectory after speaking with the leadership team at Lenox. The development of new associates can’t be matched. I’ve worked in sales/management for over 20 years and have not come across a better program to literally take someone off the streets and get them into the driver’s seat. I never seen any other firm give leads to prospect high level executives. The initial process of becoming an advisor can be overwhelming. Learning skills to prospect, running client meetings, and closing cases were a few concerns on my mind before joining Lenox. I didn’t want to become an “army ant”. I wanted to join a team that would teach me how to become a top producer. You get what you put into your business. If you’re serious about success, then you’ll have to put in the effort. Life never hands you success. You must earn it!

      Cons

      Coming into this industry I had a lot of confidence in myself. I had to “unwind” a lot of my experience and knowledge to fully accept my new role. Never stop being a student, frequently sharpening your skills, and finding new ways to increase production is formula to becoming a successful advisor. If you think you have what it takes, you don’t. That’s why you need to learn from the best!

      2.0
      Jan 4, 2023

      It's Okay

      Associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      The leadership seems to care about employees

      Cons

      100% Commision based. Pay to study and work for them. Less pay than expected.

      avatar
      Lenox Advisors Response
      3y
      Thank you for your kind words about our leadership, we're glad to hear they make you feel appreciated. For our advisors, we believe hard work should be rewarded. We offer access to competitive compensation and benefit programs. We complement these plans with multiple revenue sources and special recognition programs to motivate and reward them. However, we understand that building your practice takes time and a lot of hard work. We are actively evaluating how we can better financially support our emerging advisors while they build their business. Please contact your Sale Manager to learn more, as well as provide your valuable feedback.
      Viewing 34 - 36 of 114 Reviews
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      ReviewsLenox Advisors reviews

      Glassdoor has 128 Lenox Advisors reviews submitted anonymously by Lenox Advisors employees. Read employee reviews and ratings on Glassdoor to decide if Lenox Advisors is right for you.