Commonwealth Financial Planning
Write a review
    Commonwealth Financial Planning
    (16 reviews)
    Unclaimed
    Write a review
    Write a review

    Company Reviews

    Working at Commonwealth Financial Planning

    2.916 ratings in total
    5
    2
    4
    6
    3
    0
    2
    4
    1
    4
    88%
    Rate salary as high or average
    56%
    Employees recommend this employer to friends
    Work/Life balance
    3.2(16 ratings)
    Career development
    3.2(16 ratings)
    Benefits & perks
    3.4(16 ratings)
    Management
    2.6(16 ratings)
    Working environment
    3.3(16 ratings)
    Diversity & equal opportunity
    4.3(16 ratings)
    Ratings for Commonwealth Financial Planning are shared as-is from employees in line with our community guidelines

    Reviews

    Showing 16 reviews sorted by most recent
    Sort by
    most recent
    2.0
    Financial Planner
    Nov 2019
    3 to 4 years in the role, current employee
    I will get out a soon as possible
    The good thingsColleagues are generally great quality people.
    The challengesNot truly valued by the business.
    2.0
    Financial Planner
    Nov 2019
    3 to 4 years in the role, former employee
    Interesting / in my view they should not be in Fin Planning
    The good thingsGood that ASIC is all over them as you learn heaps. What to do and what not to do.
    The challengesCFP have great rules but a culture of not following the rules they put in place. ie They say one thing and do another. People in the bank who do not work in Fin planning have no idea what a Fin planner does or how a planner adds value to the client, but most of them don't realise they have no idea.
    4.0
    Service Planner
    May 2019
    3 to 4 years in the role, former employee
    I liked working in the bank. However, royalty and hard work doesn't mean anything. Only the number.
    The good thingsMulti Culture and very friendly environment. flexible working suites for the family.
    The challengesIt's a bit tough to change different direction. It is also who you know as well.
    2.0
    Financial Planner
    Jan 2019
    11 to 12 years in the role, former employee
    I'd never work for a bank again in a role as a financial adviser.
    The good thingsThe friends you make with the staff. Excluding the manages.
    The challengesYou have to work 14 hours a day to get anywhere. And it will eventually run you down. The sales culture is horrid. The KPI's are never ending.
    1.0
    Financial Planner
    Oct 2018
    1 to 2 years in the role, former employee
    High pressure sales environment preach that its about the customer but its about revenue. Stay away.
    The good thingsNone really, high pressure sales.
    The challengesWorking in toxic bank .
    4.0
    Financial Planner
    Mar 2018
    Less than 1 year in the role, former employee
    Started well, but due to personal circumstances had to move on.
    The good thingsAssistance given in building a successful financial planning business.
    The challengesManaging relationship with the various branches.
    4.0
    Servicing Planner
    Feb 2018
    1 to 2 years in the role, former employee
    Good
    The good thingsPeople, banking perks etc
    The challengesGetting promoted in a crowded workplace
    5.0
    Change Analyst FAM program
    Oct 2017
    1 to 2 years in the role, current employee
    Would like the opportunity to work at CBA again
    The good thingsOpen to be Innovative, easy to get along with management, great building and work life culture
    The challengesNil. I thoroughly enjoyed my time at CBA
    1.0
    Regional Financial Planner
    Aug 2016
    Lack of understanding on job pressures.
    The good thingsPart of a large banking institution, which means access to other opportunities in metro areas.
    The challengesDifficult in regional areas where opportunities are limited and sales expectations high. Very much focused on revenue outcomes rather than genuinely meeting customers needs. Managers with no financial planning background cannot help with time management issues.
    4.0
    Financial Adviser
    Feb 2016
    1 to 2 years in the role, former employee
    Very good learning step for junior advisers
    The good thingsLots of referrals and opportunities for promotion
    The challengesLimited products to advise on
    4.0
    Senior Financial Planner
    Feb 2016
    5 to 6 years in the role, current employee
    I f you play your cards right you could be a winner
    The good thingsLarge employer with ample opportunities
    The challengesA lot of red tape and big politics
    1.0
    Financial Adviser
    Feb 2016
    3 to 4 years in the role, former employee
    A company that was focused on product push.
    The good thingsWorking with branch staff.
    The challengesWorking hours expected to get your targets. Focus on products rather than quality of advice.
    2.0
    Servicing Planner
    Feb 2016
    3 to 4 years in the role, current employee
    People are nice but the middle and upper management need to get lift their performance.
    The good thingsLarge group,potential to work in the bank network
    The challengesPoor management, lower and middle levels are very disparate in experience and ability.
    1.0
    Senior financial plannet
    Sep 2015
    1 to 2 years in the role, former employee
    A terrible mistake
    The good thingsFew and far between unless you're a robot
    The challengesMicro management and fear of allowing staff to be adults
    4.0
    Business Coordinator
    Sep 2015
    3 to 4 years in the role, former employee
    Loved every minute
    The good thingsManagement committed to career development
    The challengesBusiness has centralised to capital cities so no opportunity for rural areas
    5.0
    Associate Financial Planner
    Sep 2015
    1 to 2 years in the role, current employee
    Great employer to work for especially if your are driven and put in the work.
    The good thingsCulture. Support. Management. Technology.
    The challengesChange. Big business structure.
    Company Reviews published on our site are the views and opinions of their authors and do not represent the views and opinions of SEEK or its personnel. SEEK does not verify the truth or accuracy of any reviews and does not adopt or endorse any of the comments posted. SEEK posts reviews for what they are worth and for informational purposes only to assist candidates to find employment.