Envestnet Reviews

Updated August 14, 2014
Updated August 14, 2014
34 Reviews

2.9
34 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Envestnet Chairman, Founder, and CEO Jud Bergman
Jud Bergman
23 Ratings

Employee Reviews

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  1.  

    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 for 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
  2.  

    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 for more than a 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
  3. 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
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  5.  

    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 for 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
  6.  

    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 for 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
  7.  

    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 for more than a 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
  8.  

    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 for more than a 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
  9.  

    Self Starters' Dream

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

    I have been working at Envestnet

    Pros

    If you're self motivated and value work life balance within the Financial Services sector Envestnet's the place to be.

    Cons

    If you're looking for a company with a formal training program when you begin, this company simply isn't for you. Also the pay is slightly on the low side.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Overall feeling and satisfaction of the enviorment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service  in  Los Angeles, CA
    Former Employee - Client Service in Los Angeles, CA

    I worked at Envestnet full-time for more than 3 years

    Pros

    Co-Workers make the place a great enviornment.

    Cons

    Too much politics with some departments.

    Advice to ManagementAdvice

    focus on employees

    Recommends
    Neutral Outlook
  11. 1 person found this helpful  

    Awful management, boring unrewarding work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Test Engineer  in  Seattle, WA
    Former Employee - Software Test Engineer in Seattle, WA

    I worked at Envestnet full-time for more than a year

    Pros

    Casual atmosphere, a very light work load, stress free work place.

    Cons

    The managers are awful. Multiple employees cannot stand management, especially in the software test department. Great at their job when it comes to programming and testing, but have no idea how to manage other people.

    Advice to ManagementAdvice

    Hire managers to manage! Don't hire people that excelled at their technical position to be in charge, they don't know how to mange, they just know how to do their primary role.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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