Wealth Management Trust Center - Fiduciary Administrator Wells Fargo Employee Review

1.0
Jul 18, 2019
Recommend
CEO approval
Business Outlook

Pros

Generous PTO, health insurance benefits

Cons

High turnover. Low morale. Narrow focus on 'metrics'. New hires are very young with no experience, OTJ training thrown to the wolves. Seasoned administrators are overlooked for promotion. Most team leads are 30 or younger. Lots of chatter and socializing creating distractions among the cubicles. Dress code is hoodies, shorts, flip flops, cellphones. Managers will not acknowledge problem areas. Managers distracted by projects. Unable to approach managers outside weekly meetings. Inconsistent direction. Policies change constantly . Communication from management is lacking, reliance on each other for news. No acknowledgement from management for accomplishments. Apparent favoritism. Focus on risk issues yet risk managers non responsive on many issues. Difficult to get answers. Staff is held financially responsible for errors which create loss for bank, result in deductions from annual bonus. Account fees are rarely correct, and involve several layers of review for remediation . Tight clique of managers w upper management. Unreasonable work load and additional accounts coming our way. Client surveys reveal much discontent and create additional work. No clerical support available. Redundant procedures making job a grind. Stepping stone position for most.

Explore other reviews about Wells Fargo

4.0
Dec 1, 2014
Recommend
CEO approval
Business Outlook

Pros

Benefits (but cost creeping up and coverage creeping down each year), Good Morale Both Management and Coworkers, and Honestly a Great Company.

Cons

Cross Selling is the only focus now, firing employees who are great at their job in every area that should matter but if the cross selling results are not meeting the ever ridiculous quota (which continues to rise) than you may not have a job next month. Expectation for customers to say yes to cross selling, leaving you with no real control of your job security. Stress!

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