Wealth Advisor - Wealth Advisor TIAA Employee Review

2.0
2 Oct 2018
Recommend
CEO approval
Business outlook

Pros

Competitive base salary and you are given a book of business as advisors are constantly leaving and clients get reassigned. Good benefits, good PTO allowance and parental leave(good luck not being guilted about using it though).

Cons

It is no longer about the clients best interests. Selling TIAA products is the only thing that matters and all you are judged on, whether or not it is right for the client. Unethical sales practices such as misleading and outright lying to the client or withholding material information are not only condoned but forced; if you refuse to sell the way they insist, you will be managed out. Management states that they hear us and will change but, other than small cosmetic changes, the culture still remains one of fear and intimidation. Sales goals that increase 20-50% every year as your client book gets larger and larger but support gets cut every year as well so you must do more with less. Ultimately, you are nothing but a number:your percent to quota. If you ever fall even slightly below 100%=you are put on performance plans and on the road to being fired, not given support to effectively do your job. If you are a minority, your chances of success diminish as the best leads and opportunities and training are given to white males while you get bombarded with service issues and clients that need a ton of handholding but no sales opportunity. The company has been actively seeking to hire more minorities over the last few years and I think this may be due to several discrimination lawsuits that emerged over the last 4 years. There was a recent article in the New York Times in October 2017 exposing much of the revenue-driven sales practices to the public but we were told by management to “deny,deny,deny” when our clients asked us questions although most of the details around the sales practices and culture were true.

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5.0
1 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Culture, benefits, PTO, flexible, career growth potential

Cons

Must be in a hub for significant career growth

4.0
13 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great work life balance Some offices are very nice Great people Meaningful work

Cons

Operations are a disaster Very little innovation Losing market share Highly bureaucratic Poor Management at all levels

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