Envestnet Reviews

Updated October 27, 2014
Updated October 27, 2014
38 Reviews
2.8
38 Reviews
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Envestnet Chairman, Founder, and CEO Jud Bergman
Jud Bergman
25 Ratings

Employee Reviews

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  1.  

    Growing firm and excellent opportunity for the right person

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

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

    Pros

    If self-motivated and assertive, there are opportunities for input and advancement. Good work/life balance for the most part. Seems to be working on areas of improvement. Constantly growing.

    Cons

    Many areas of needed improvement still in progress but sorely needed. Pay calculations not clear to staff. Large workload. Inexperienced management. lack of training for new hires. Sink or swim in many cases.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Some good people, but incompetence at many levels

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

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

    Pros

    -Work/life balance was pretty good
    -Very social atmosphere and many young people
    -Very entrepreneurial and able to make an impact if you know what you're doing
    -The company serves a real need, so it has done well despite many missteps

    Cons

    -Very chaotic and disorganized, with many senior people in way, way over their heads
    -Many managers and executives are incompetent, although they were very arrogant and bought their own hype
    -Pay was not competitive and bonuses were laughable
    -Extremely political; the ability to suck up was more valued than talent or competence

    Advice to ManagementAdvice

    I don't think they'd listen to any advice...

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    No work life balance

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

    I have been working at Envestnet full-time (more than an year)

    Pros

    Company growing, promotion potential, benefits adequate

    Cons

    No work flexibility, difficult to get permission to go to a doctor's appt without being frowned upon, conformity a must, ability to work from home but management refuses to allow it unless you know the right people, lower management unprofessional and untrained on how to manage people, constant criticism without reward, growth has been too fast and training program is non existent, but you are punished for making mistakes without being properly trained. As another reviewer said, and many at the company as well, it's a job, not a career.

    Advice to ManagementAdvice

    Try some flexibility, realize getting the job done correctly is more important than conforming to a manager's power trip, offer management classes, hire mature management internally, realize retention is valuable and pay for experience. Ask employees about how management is doing, reviews only go down and not up. Consider the big picture and work styles to get the most out of individuals, employees are more motivated when they can trust their superiors and don't feel like their boss owns them.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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  5.  

    It's a job not a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager in Denver, CO
    Current Employee - Product Manager in Denver, CO

    I have been working at Envestnet full-time (more than an year)

    Pros

    There are not too many positives other than the hours. The company is good for people that want a job that holds them until they find another opportunity.

    Cons

    Unless you are in upper management or in with upper management there is no growth. The pay is way below average and the bonuses are very low. Do you homework before starting to work here and make sure to ask the hiring manager about why they are hiring.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    High growth company with poor management

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

    I worked at Envestnet full-time

    Pros

    Good people to work with for the most part. Work-Life balance is okay but could be heading in the wrong direction if they aren't willing to pay more to get and keep talented employees. Growing company on the forefront of their industry.

    Cons

    The lack of communication seems to be overwhelming throughout departments. Recent changes in management style is leading to more micro-management and more working hours. Under-staffing is becoming an issue. The compensation and benefits are awful in comparison to the industry. Management is completely out of touch. There was almost no praise or recognition (verbal or otherwise), but you will be blamed for mistakes made by lack of training and ever-changing systems.

    Advice to ManagementAdvice

    Allow more flexibility and trust to your employees. Understand that the high rate of growth of the company is leading to confusion and inconsistency in daily tasks. So much growth is only sustainable for a limited amount of time. Give more recognition and encouragement, and treat employees like the valuable assets they are to your company.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Inexperienced Senior executives

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales in Chicago, IL
    Current Employee - Sales in Chicago, IL

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

    Pros

    good for first job but a long term place to work. Does have an ok work life balance and human resources is good. Employees are good people

    Cons

    bad culture built by senior executives. They are out of touch. Pay is not good. No perks and very political.

    Advice to ManagementAdvice

    none. They don't listen or know what to do

    Doesn't Recommend
    Negative Outlook
  8.  

    Employer is trying to boost these reviews

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Portfolio Specialist in Denver, CO
    Former Employee - Senior Portfolio Specialist in Denver, CO

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

    Pros

    Quitting was the best decision I ever made.

    Cons

    You can tell that these cheesy positive reviews are from managers that have been told to pump up the rating on here.

    Advice to ManagementAdvice

    None.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Good technology but firm has a bit of an identity crisis

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Regional Consultant in Boston, MA
    Current Employee - Regional Consultant in Boston, MA

    I have been working at Envestnet full-time (more than an year)

    Pros

    Talented colleagues for the most part. Decent compensation, very good technology.

    Cons

    Benefits were pretty cheap, medical in particular. The technology was good but the firm also tried to do too much. Some of the functionalities are too complicated to use hence nobody uses them despite significant cost to build.

    Advice to ManagementAdvice

    Ease of use is more important than being all things to all people.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Valuable experience and growth opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Various in Chicago, IL
    Former Employee - Various in Chicago, IL

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

    Pros

    A growing dynamic company allowing for growth potential. The company grew exponentially while I was there which created more and more jobs that gave existing employees a chance to learn and do something new. Management was always great to work with, listened to you and mentored you.

    Cons

    It's a sales focused business that continuously cut costs through lay-offs. restructuring and gradually moving operations depts to its office in India. The company tends to keep departments under staffed. Requesting more staff is a hard sell.

    Advice to ManagementAdvice

    Keep depts well staffed so no one is overworked with their own workload or doubly burdened when others are sick or on vacation.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good company to work for

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

    I have been working at Envestnet full-time (more than an year)

    Pros

    space to grow; good company culture

    Cons

    too much of politics; no time flexibility

    Advice to ManagementAdvice

    ok

    Recommends
    Positive Outlook
    Approves of CEO

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