Pacific Capital Resource Group, Inc. Employee Reviews

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You Better Want to sell Penn Mutual Life Insurance
Financial Advisor (Former Employee) –  BellevueSeptember 18, 2018
If you want to sell Penn Mutual Life Insurance or annuities you will do great. If you want to advise on investments, then you better bring in tens of millions of dollars of investments quickly if you want to stay in the business.

PCRG does provide training to sell life insurance and the basics of financial planning. However, you better be ready to sell a ton of it. There is a 50/50 split with PCRG and if you work with another advisor, then it ends up being a 50/25/25 split.

With investments, the commissions go through the "grid." This means the first few million dollars of investments you end up getting 20% of the commissions that come in. If you work with another advisor, that means 10%.

Management is really setup to use new advisors to sell to Penn Mutual insurance to friends and families and then when the advisor decides to move on, they take those clients for themselves. That is the real way that management brings on new clients.

There are lots of people recently out of school, so it makes it kind of like a frat party with lots of goofing around instead of trying to get work done. If you like the above information, then it may be the right place for you.

There is a small salary to help you get started for the first 2 years, but after that it is all commission.
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1.0
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No support, poor leadership, high turnover
Financial Advisor (Former Employee) –  Lake Oswego, ORSeptember 9, 2018
Not great leadership, this is showcased by the unbelievable amount of turnover. Yes, this is apart of the industry, but it is very bad here thanks to the lack of care from management. Take a look around, and try to find an advisor over the age of 30 that isn’t a manager. Seasoned advisors seem to take off the first good opportunity they get.

Also, they have a contract with Penn Mutual, a life insurance company. Thus, whether you keep your job will be dependent upon selling insurance to those you know, unless you bring on a godly amount of investments in your first few years (didn’t see anyone do this).
Cons
Poor leadership
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5.0
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Great Culture, Fun, Hard Working, High Expectations for Success
Financial Advisor (Current Employee) –  Bellevue, WASeptember 19, 2017
PCRG is a great company because the leadership team puts the people first!! This is very unique in the financial services industry so this place is truly a breath of fresh air. Yes we work hard and have high expectations but we always do whats right for our clients and the people at the firm. Integrity is one of the company's core values and it shows every day. If you are considering a career in Financial Services do yourself a service and at least come take a look at PCRG.
Pros
Culture, Comp, and Benefits
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5.0
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The FUN FIRST Financial Advisory Firm
Sales (Current Employee) –  SeattleSeptember 18, 2017
Like any athlete who experiences "the zone" where everything is working perfectly and effortlessly - working in a fun atmosphere from the time I walk in the office door in the morning brings out the best in me and the work I do.
Pros
INTELLECTUAL challenges, unlimited INCOME opportunities, Independence, opportunity to make an IMPACT in my community
Cons
Like everywhere in Seattle - Parking!!
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4.0
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Expect to make this job your lifestyle
ACCOUNT MANAGER (Former Employee) –  Bellevue, WAAugust 28, 2016
Many hours networking and learning about strategies involving life insurance. However, all the financial strategies I've seen have been what I would consider absolutely genius. You spend many hours on education, mostly learning about current laws and strategies.
Pension is a strong plus.
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4.0
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Great atmosphere
financial services representative (Current Employee) –  Lake Oswego, ORNovember 20, 2015
The business is centered around yourself and growing it internally. Provide opportunists to learn and grow your personal business. Management works hard for their employees.
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4.0
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Great work Enviroment
Finance Intern (Former Employee) –  Bellevue, WANovember 17, 2015
Firm provides all resources needed to be successful. The culture of the workplace is very comfortable and inviting. Great place to work!
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Overall rating

3.7
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