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WestPac Wealth Partners

Engaged Employer

WestPac Wealth Partners reviews

5.0

99% would recommend to a friend

(181 total reviews)
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Nash Subotic

99% approve of CEO

99% positive business outlook

WestPac Wealth Partners has an employee rating of 5.0 out of 5 stars, based on 181 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The WestPac Wealth Partners employee rating is 39% above average for employers within the Financial Services industry (3.6 stars).

Reviews by job title

181 reviews
1.0
Jan 20, 2021
Recommend
CEO approval
Business Outlook

Pros

Free food. Nobody here knows what's going on so you can do whatever you want.

Cons

This is 100% a sales company, not even a good one at that. All the "financial professionals" here are just salespeople who use bogus acronyms and throw around financial lingo without knowing remotely what any of it means. I doubt anyone here would pass a college level financial analysis or investments course. I doubt they even know the actual science and mechanisms behind the financial products they sell. There's an HR/Staffing/Management department, a giant staff of "Financial Representatives" (aka salespeople), and a bunch of assistants that they indoctrinate into becoming salespeople, that's it, that's the machine they have here. They give daily "training" sessions for everyone which are essentially brainwashing sessions for all the gullible kids that are hired here. The classes are basically those corporate salespeople brainwashing things you see in movies and TV shows. To try to impress me, my supervisors would use financial language I knew they didn't actually understand, and when they could tell I wasn't buying their acts, they became frustrated. They try to hire financially illiterate, imbecilic people so that they can coerce them into getting licensed and becoming salespeople. The licenses for health and life insurance is not useable outside of being an insurance salesperson. Their name is "WestPac Wealth Partners" which conveniently is very similar to the name of another much more reputable wealth management firm, Westpac, based in Australia. It's either a very smart, or very contemptible search engine optimization technique, depending on how you look at it. If an old person meets someone from Westpac Wealth Partners, and is interested in purchasing their product, they may enter "Westpac" into Google and see a very nice and well-establish financial institution based in Australia. Unaware that that company has nothing to do with WestPac Wealth Partners, this technologically illiterate old person might call that representative back and sign a contract. I'm sure this doesn't happen often, but it's definitely no coincidence that this company named themselves after another, more reputable version of themselves. Considering their customer base is older (people who buy life insurance), and considering old people don't know how technology works, I'm quite certain the name of this company wasn't an accident. Should tell you a lot about what type of business this is. If you have an IQ over 60, run away as fast as you can. I came here because I had nothing else to do, I had another job offer lined up at a real company and I was honestly curious if this place would be as bad as I expected. They were worse. Everyone here is a sales zombie, you look in their eyes and there's nothing. Lights are on but nobody's home, so to speak. If you want to live your life as a manipulative sales zombie, send an application, they hire anyone. If you are bored like me, show up for a day, make a hundred bucks, and go get some free lunch. See the salespeople squirm when they realize you're not a schmuck and won't become one of them. Call them salespeople, the worst thing you can call a salesperson, is "salesperson." Listen and laugh at them try to scramble and find a reason why the work they do is somehow actually more than sales and cold calling old people. It will be a fun experience, kind of like going to the zoo.

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WestPac Wealth Partners Response
3y
In reading this review, much of the information is not accurate and it appears that we (WestPac® Wealth Partners ) have been confused with another company. Possibly Westpac bank in Australia, Westpac Industries, Westpac Materials, Westpac Labs, etc. If you visit website (www.westpacwealth.com), you'll see that we don't have any operations in WI. Based on your comments and other factors (such as free food, training, sales lingo, hiring process, required education and licenses to join, average client age, etc.) we believe you have posted this review on the wrong company page. We're sorry that you had a negative experience with any company and wish you the best in your future endeavors.
5.0
Aug 25, 2016

Financial Representative

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

From their extensive training, super down-to-earth & hands on leadership team, family culture, clear vision & educational planning philosophy it's a place where you can be successful (if you follow their guidance). I've always wanted to run my own business and work for MY dreams rather than someone else's. It's nice to be able to have a place to come to work everyday that I am not on the "financial" hook for but I can still run my business how I like. The CEO is unlike any person you will come across, probably in your lifetime. He is passionate, dynamic and is invested in your future as much, if not more than you are yourself.

Cons

The first few years took lots of work, I mean LOTS (they go over this in the interview process). It does help if you have support in all areas of your life (family, friends & financial). Note: being able to have freedom, flexibility & make great $$$ is doable if you have the right mindset & follow the program.

4.0
Mar 23, 2016

Financial Representative

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Daily training sessions, really passionate CEO and amazing mentors, freedom to build business anyway that you like, resources for everything just about, and the possibility to make $1M+ from year one if you're friends with Donald Trump or Bill Gates.

Cons

Commission based; very difficult and stressful industry; requires absolute predatory/hunter thinking; no work/life balance; you'll need at least $20-30k from your savings as a cushion to get started.

Viewing 1 - 3 of 181 Reviews

Glassdoor has 205 WestPac Wealth Partners reviews submitted anonymously by WestPac Wealth Partners employees. Read employee reviews and ratings on Glassdoor to decide if WestPac Wealth Partners is right for you.