Wealth Management Advisor - Wealth Management Advisor TIAA Employee Review

4.0
27 Feb 2016
Recommend
CEO approval
Business outlook

Pros

There has been a lot of negative post from either former or current advisors which makes you believe that being a WMA at this company is a bad decision and that is not the case. First the firm provides a very generous base salary from the day you start working for them. What firm provides close to a six figure salary starting on day one when you haven't begun any production? Also the individuals who complain about having to hit sales goals or that this job is a sales job and was mislead are you kidding me? What financial advisor job is not a sales job? Whether you are working on your own or at a financial firm your goal is to always sell to the client that the financial plan you deliver will provide them with financial security. I feel those who complain about the sales aspect just don't want to sell anything period and are making excuses for their failure. Why would this firm want to put you in a position to fail when they invest so much time and money into your success. If you treat this job where meeting in front of clients and motivating them to take action is imperative you will succeed, however if you think just because you have a nice salary and can do minim effort because of this income you will fail.

Cons

I do have to admit that training needs to improve for the new advisor but with the mentor program new advisors can learn quickly from tenure advisors on how to succeed. Also I do admit that the process they want you to follow can be to cumbersome and unnecessarily time consuming

Explore other reviews about TIAA

5.0
14 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great work life balance, good benefits, decent pay, ease of running your own practice as an “advisor”, and healthy work environment

Cons

Management styles can vary and affect your experience, upper management doesn’t seem to be well equipped to ensure the organization’s success but it is resilient nonetheless.

2.0
2 Jul 2026
Recommend
CEO approval
Business outlook

Pros

Work-life balance & nothing else.

Cons

Don’t make the same mistake I made…there’s a reason why this company’s job listings barely get any traction or applicants, even in the NY markets. Operations is a joke, and has been subpar for 10+ years. The lack of efficiency across all divisions is scary. The VSP (voluntary separation severance packages) that happened in 2021-2022 made things even worse. Because so many employees took the VSP, most roles were either backfilled with non-qualified or inexperienced people or not filled at all…like ever. Especially in Wealth Management leadership roles. This created a micromanagement culture that gets in the way of productivity & slows down money movement. Opening & funding accounts almost always takes 1-2 months here where at JP Morgan & other firms it takes less than 3-4 days. Back office & services associates constantly make mistakes, which impact the client experience and constantly jeopardizes your reputation. Turnover is scary high in operational & support roles, it is very typically for 1 or a very few operational associates to handle requests for an entire region. Constant turnover in the portfolio manager roles & advisor roles are directly related to all of the above. The company’s growth has been stagnant for years. Now that Trump defunded the education department, universities are laying people off because of lack of government funding…which will affect the company’s bottom line faster than they expect. You’ll strangely get the feeling that no one here ever knows what they’re truly doing.

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