Work/life balance, inexperienced management, low pay, high turnover, and the list goes on...
It's quite unfortunate the way the bank and the industry as a whole has changed, but the fact of the matter is that financial advisors are not advisors at all. They are told to sell pretty much anything and everything regardless of the client's financial situation. Case in point: all clients are "supposed" to have a travel credit card, and a cash back card. Aren't most Canadians over indebted?!? isn't debt reduction a more important goal? Also,creditor insurance on most products is not only a complete waste, it's also very likely that it will never get paid out because the underwriting is done post-claim. Any advisor that sells balance insurance on a credit card is taking you for a ride. In terms of managers, there are very few good ones around. I've seen multiple coworkers break down in tears from the stress, training is sink or swim, computer systems are always crashing, pay is always below market reference, back-office support staff was phased out so now you're doing even more paperworker. I also question how a manager that has received a multitude of employee complaints, tanked a branch that was at the top of its district for years and seen a turnover of 90% of her sales team, can still manage to retain a job and be a leader. Very disappointing.
