NewOak Capital

  www.newoakcapital.com
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NewOak Capital Reviews

Updated Apr 23, 2014

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All Employees Current Employees Only

1.0 5 reviews

0% Approve of the CEO

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Ron D'Vari

(3 ratings)

5 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    management

    Anonymous Employee (Current Employee)

    Prosnothing really. pointless meetings daily. i that says about everything..no PROS ONLY CONS.

    Consmanagement is just horrible. they play favorites and can care less about the people who actually do the work.

    Advice to Senior Managementplease get rid of all managing directors and promote the people who work. GIVE OUT MORE BONUSES LIKE PROMISED.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    The Classic Fake American Job

    Anonymous Employee (Former Employee)

    ProsPros - If you want to go to happy hour, say that you work on "Wall Street", and get a lease in the NYC area this place is perfect. Anything related to career advancement, problem solving, or anything having to do with a real job simply does not exist.

    Cons- Completely disconnected senior leadership.
    - Horrible organization and efficiency standards
    - The technology team referred to as "development" has completely taken over the firm.
    - Creative thinking and taking initiative are discouraged because the technology team is so dominant.
    - Unfathomable amount of politics and bureaucracy for a company that barely has 75 employees,
    - Apparently there is a pressing need to hire dozens of marketing and sales people. Wasting thousands of dollars on employees that will never be able to slel services because NewOak does not have anything to sell.

    Advice to Senior ManagementTry and clean up the abysmal mess you have created, if not for the few remaining employees but maybe for your own capital interest. I think NewOak was a great firm at inception, however there is far too much dependence on technology and not on financial advisory, Creating an effective system is fine and it can even help in the long run. However, spending hour after hour developing a system instead of building a book of business is just plain incompetence. Unfortunately at this point NewOak may already be too far gone and simply cannot revert back to its original form. The politics, clashing personas, and favoritism is just unacceptable, this is not Goldman or JPMC where this level of rancor could be tolerated. Cut your losses and sell the firm before you do irreparable harm to the reputations of the poor saps who are still oing your bidding at NewOak.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Everything you dont want in a company

    Analyst (Former Employee) New York, NY

    ProsThere are still a handful of good people left

    ConsThe company has barely 50-60 people, but has levels of politics seen in much larger organizations. This indicates the inability of partners in keeping bad people out and attracting good talent. Employees are moved to different teams on the whim of the partners with no explanation or regard to the employee's wishes. Morale of the employees or their well being has no importance as that does not generate revenue ( not directly). There has been an exodus of competent employees from the company and all that is left is those who act like they are doing a lot but do not actually do anything except harassing the the few good employees under them.

    Unfortunately, these people are also the ones who influence the partners which is what will make it very tough for this company to ever have a good culture or be a place to advance one's career.

    Advice to Senior ManagementThe only competency of the people giving you advice is their brilliant acting ability to seem intelligent and hardworking. Try to connect better with employees and use your own judgement while gauging them. It will be an uphill task to clean up the mess you have created for yourselves.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    Not good

    Analyst (Former Employee) New York, NY

    Prosif you are related to the management, they will take good care of you

    Consno growth, only administrative tasks, no real career, very low salary

    Advice to Senior ManagementPlease try to appreciate the talent of the employees and do not get influenced by the bad mouths in the company and form an impression about an employee

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    3 people found this helpful  

    Really?

    Anonymous Employee (Former Employee) New York, NY

    ProsIf you need a job and place yourself, they have a web site that makes it appear you have a real job

    ConsCEO is a complete detriment to the organization, lacks respect in the financial industry and unfortunately steers the direction of the firm

    Advice to Senior ManagementRely on others that actually have management and real financial experience in order to manage the firm in a logical and sensical manner

    No, I would not recommend this company to a friend

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