AssetMark

  www.assetmark.com
  www.assetmark.com

AssetMark Reviews

Updated November 3, 2014
Updated November 3, 2014
6 Reviews
3.2
6 Reviews
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  1. 1 person found this helpful  

    Great People, good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Concord, CA
    Former Employee - Anonymous Employee in Concord, CA

    I worked at AssetMark full-time (more than 8 years)

    Pros

    The company puts a lot of emphasis on hiring for personality as well as skill set and it shows. The people there are the best. The IT department in particular has a strong team and good leaders. People pitch in where they can and they have a great attitude on the occasions they have to work late or on weekends.

    Good benefits, especially the time off and 401(K) match. The company has a nice culture and they really put in effort to make it a great place to work.

    Overall rating is based mostly on the awesome people who work there.

    Cons

    Sometimes it really seems that in order to advance you have to make friends with the right senior leaders. There are a lot of 'yes' men/women which is a shame. They also don't have any defined career paths, so some positions really don't have room for advancement.

    The company lacks discipline when it comes to planning major projects. Completion dates are determined by dates the company has seminars planned and not real LOEs. Departments are also not held accountable for their parts of project planning. Requirements for projects change constantly and in some cases come while code is already in QA, which is of course really late in the game. Departments want new products or enhancements without adhering to timelines or understanding technical complexities.

    There is quite a bit of pressure to work lots of hours. Many times it's expected, but the recognition for it isn't always there.

    Advice to ManagementAdvice

    Be disciplined. Choose realistic timelines for projects based on the LOE that your project managers give. Don't pull dates out of the air. Don't view IT as an expense and that the rest of the company is 'trying to run a business'. IT is trying to help build a better business.

    Don't just promote the 'yes' men that are friends with the right people in senior leadership.

    Establish career paths. Simply saying that each employee is in charge of their own career is a cop out. And don't call each lateral move within the company a 'promotion'.

    The company is too PM heavy for the resources it has. You need more people to do the technical work for all those projects.

    Recommends
    Neutral Outlook
  2.  

    Good East Bay financial services company with new senior management bringing lots of change.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AssetMark

    Pros

    Great growth potential and new aggressive senior management. Lots of change underway that should drive improved revenue growth. Good comp, decent benefits, profitable with solid loyal clients. One of the few shining stars for financial services in the East Bay. Right next to BART, covered parking lot.

    Annual winter holiday party is a highlight for employees "+1"; annual summer party is a great family friendly event.

    Cons

    Change is hard. Change is disruptive. Some of the longer term employees--"the old guard"--are very resistent to the changes. Collaboration can be challenging due to this resistance.

    Downtown Concord location is in early stages of revival, so lunch options are limited and many storefronts are vacant.

    Career growth is limited outside of ops and IT. Rewards are more focused on individual contribution than on team efforts.

    Advice to ManagementAdvice

    Keep the annual winter holiday and summer festivities. The inclusion of spouses and families, respectively, in these events really reinforce the positive aspects of the corporate culture.

    Push through the resistance to change. Longer tenure employees need to get on board with a newer approach or find other opportunities--they are holding the company back.

    Celebrate team achievements instead of, or in addition to, individual efforts.

  3.  

    Worked here for about a year.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Concord, CA
    Former Employee - Anonymous Employee in Concord, CA

    I worked at AssetMark full-time (more than an year)

    Pros

    You'll love the people that you work with, regardless of which department you are in (probably won't like your managers, though).

    Cons

    There's not really much room for growth within the company, unless you move to a different department or know somebody in management. The raises are ridiculous...like .02% of your salary. They have a ton of contractors, but don't care about them at all. They're not even included in company emails or invited to company events. The new office sucks; absolutely no privacy, and it's very noisy, especially if you're near the call center.

    Doesn't Recommend
    Negative Outlook
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  5.  

    Training lacking (both industry and role specific); large leadership turnover; great culture and work environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Phoenix, AZ
    Former Employee - Anonymous Employee in Phoenix, AZ

    I worked at AssetMark full-time (more than 5 years)

    Pros

    Individual contributors consistently great people; great job done hiring consistently strong individuals who fit the same positive, casual culture.Casual dress (jeans) daily; promotions not based on seniority but instead strictly on performance; Organization is in early stages (due to recent buy-out in 2008). Due in part to this, management listens to new ideas from all levels, actually implements many of them.

    Cons

    Training is seriously lacking, starting with individual contributor up through team leaders.

    Advice to ManagementAdvice

    Executive Leadership: More oversight of your direct reports is needed. Discussions need to be had regarding the amount of team leads leaving the organization and WHY. There's an obvious trend being missed.

    Recommends
    Neutral Outlook
  6.  

    This was a great place to work with incredible culture and lots of opportunity for advancement with hard work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - AssetMark Contractor in Concord, CA
    Current Employee - AssetMark Contractor in Concord, CA

    I have been working at AssetMark as a contractor (less than an year)

    Pros

    Great initial training and managers who invest in your on-boarding process
    Upbeat company culture and flexible hours
    Room for growth as company growth occurs after transition away from Genworth WM
    The senior management is a great group of individuals who are focused and driven to take AssetMark to the next level
    There is a lot of cross-department communication, so employees don't easily get bored with their work/collaboration
    Although location is secluded, there are a lot of dining options nearby and Walnut Creek, an upscale living community, is right around the corner and an easy commute

    Cons

    Location is away from the Bay Area and not surrounded by other finance firms

    Advice to ManagementAdvice

    Be clear with new employees about expectations and availability for advancement

    Recommends
    Positive Outlook
  7. 2 people found this helpful  

    An ok place to work, with decent hours and decent pay.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AssetMark full-time (more than 3 years)

    Pros

    Standard work hours. Rarely burning the midnight oil. Nice, hard-working people to work with. Great for family life, if you live in the east bay suburbs.

    Cons

    Shotgun approach to company initiatives. No clear road-map to employees of company direction. Little room for advancement.

    Doesn't Recommend
    Neutral Outlook

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