IG Wealth Management
Happiness score is 54 out of 100
3.6 out of 5 stars.
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Working at IG Wealth Management: Employee Reviews

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Canada454 reviews

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3.7Work-life balance

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For me it was a good career but felt abandoned and disappointed disappointed in the end.

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In the beginning it was a very fun filled career with a culture of caring for each other and our clients. As the company grew the culture of caring slipped and is at a very low level today.The environment now is one that is more of a survival philosophy.
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Very friendly atmosphere

Found it to be very professional and very friendly office culture. Respectful. The job was very interactive with other staff. You are not overtaxed and hours are regular every day the same, no weekends expected. I really enjoyed working for them.
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Insights into IG Wealth Management

Based on 23 survey responses
What people like
  • Time and location flexibility
Areas for improvement
  • Support from manager
  • Ability to meet personal goals
  • Sense of belonging

Stay away

A management heavy model that pays 1/2 the industry average. A very small investment and insurance offering when the industry is moving the opposite.
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Ne recommande pas

Environnement de travail stressant et chaotique , aucun intérêt pour le développement professionnel et l’épanouissement des nouveaux employés. De plus, environnement de travail malsain

Pros

Payant pour les conseillers déjà établis venant d’ailleurs

Cons

Tout le reste
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Great place to work if you don't need an income.

Negative paycheques.Good trainingExpensive costs just to go to work.Pay is below average.One is more of an employee than an independent contractor. It is not a good contract
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Heavy workload

Employees at every job grade have too much to do and not enough time to do it. Taking vacation is stressful because your work has to wait until you get back as there isn’t enough staff to cross train and handle things in someone’s absence.

Pros

Good corporate community programs and investment

Cons

Heavy workloads, mediocre pay
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An easy way to lose money

They say they’ll give you clients when recruiting you - but when you start, they pester you to recruit all your friends and family as clients . . . you’re on your own.The only way to succeed is to try and stick with it for five years - then buy someone else’s clients.

Pros

Free training

Cons

You spend more money than you earn
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nice boss and co worker

nice boss and co worker, good training programm, but all commission based , so it is hard for yong people to start with . becasue you don't have any saving to support yourself.

Pros

good traning program

Cons

no salary
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Nice people

You can learn about many areas of financial planning. The most enjoyable time is to serve the client and see they are achieving their financial goals.

Pros

Make your own schedule

Cons

No advance unless consultant
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Bring assets and it will be brilliant

No arguing that if you have a good book of clients this is a great place to be. If I were at a bank, I would look seriously at moving my book to this firm so you can do the full job for your client. Very professional, good software and excellent specialist support. If you believe in holistic financial planning, this is probably one of the best firms in Canada.Managers, at a local level anyway, are generally appalling. They will make huge promises that bear no resemblance to the reality when you are in the door.

Pros

systems, specialists, capabilities of the firm

Cons

management is appalling
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Good working environment with supportive colleagues and great team lead

Good working environment with supportive colleagues and great team lead. Team bonding is great with enhanced productivity. Team lead is approachable and there is room for expression. Colleagues are supportive and always ready to help.

Pros

Friendly environment

Cons

Long hours with excessive overtime
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Overall a decent company

This company has treated me well for the most part. Great medical/dental benefits with a perk of additional $$ towards your health spending account (I've never had a company treat me so well insurance wise). You learn a lot, you're challenged, and you're supported by your team and your manager.The downside I would say is that HR does what management says and they do not keep your comments private. So if you have an issue, expect them to give you away and air your dirty laundry.

Pros

insurance (medical/dental) + (health spending account)

Cons

HR service could be better, and upper management should be more accepting of feedback
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Challenging. You decide your competence and culture

Rewarding experience. Management provides good leadership and professional development initiatives and encourage career growth. Flexible to decide work life balance.

Pros

Good guidance and professional development initiatives

Cons

Uncertain results- client calls/reach
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The work isn't overly difficult, but the advisors are

When you work under the IG Wealth Management umbrella, you can expect that the work isn't challenging, but technology issues, advisors with egos, and low pay with no benefits or expensive benefits, will make life miserable.Because you don't work for IG Wealth itself, but work for the advisor, if they don't run their practice properly, you don't have any backup or support from the Company.It's kind of ironic that you will help people save for retirement and set up insurance plans, while not getting paid enough to do that for yourself...

Pros

Great Diversity & Inclusion Initiatives

Cons

You will be miserable when you can't pay your bills or afford health insurance
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Wonderful place to work.

Wonderful place to work. Management always having contests for top producers and overall it was a fun place to work. Treated office staff with respect and it was the best job I ever had. I won a praise award for client servicing as the office was very busy during RSP season but always got treated with respect and kindness. Very professional atmosphere and will mentor you in a positive manner.

Pros

People

Cons

Long hours during RSP sseason
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New Hire Beware!

To sum it up at IG: The entire business model is based on churning in new hires in order to sign on new accounts. Ex: friends and family of the new hire. Those are the first accounts for all new hires and once that drys up, mgmt pressures new hires to continue at that pace via any means, including cold calls etc! And for most all new hires, they don’t last 2 years at IG because of this. And when you leave, of course you leave your clients behind with other “selected few” senior IG representatives who now benefit from more free clients (cash under management) and associated commissions of any future business with said new clients or their referrals!

Pros

Meet some good people. Flexible.

Cons

commission mostly
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Out for themselves

The division managers at first come across as your friend, like they will be there with you every step of the way. What it really is is they get paid for everyone they bring on and when you fail, they get your clients - they pick through the potential god ones and throw away the bad ones to any new advisors or associates coming aboard. It’s a vicious cycle and only a few will last. If you are lucky enough to get on as an associate and have good mentor you might have a fighting chance but a good mentor who will actually give you some time is hard to come by. Most are out for themselves.
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Formationexcellente

En ajustement vu les changements dans l’industrie-difficile pour un nouveau conseiller sans ´book.

Pros

Formation et ressources, plus d’outils

Cons

Difficile de developper de zéro avec les nouvelles structures de rémunération
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No Salary commission based

I worked for IG for 3 full years on commission base. At the begining the income was good as commission start at 3.5% but went down every year by 0.5% at the end of my 3 years my commission was 0.5%

Pros

High commission when you start

Cons

Lots of office fees ending up by you owe money to IG
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Amazing work culture, great job.

Strong guidelines for design work. The environment is wonderful and the people are amazing. Management is accessible without being overbearing. Cool design spaces

Pros

Work from home when necessary, flexible work hours.

Cons

Can’t think of any to be honest.
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Bad Management

No regard for employees, focus on getting money Corporate policies are not necessarily practiced at the ground level Management is too deep in employees personal details
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Overall rating

Based on 459 reviews

Ratings by category

3.7 out of 5 stars for Work/Life Balance
3.1 out of 5 stars for Salary/Benefits
3.0 out of 5 stars for Job security/advancement
3.4 out of 5 stars for Management
3.6 out of 5 stars for Culture

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