Wilshire Associates Reviews

Updated June 22, 2015
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2.6
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Wilshire Associates CEO and Chairman of the Board Dennis A. Tito
Dennis A. Tito
27 Ratings

42 Employee Reviews

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  1. Senior Financial Analyst

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

    I have been working at Wilshire Associates full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great people, great opportunities for advancement, reimbursement incentive for passing the CFA exam, the job offers much in terms of educational opportunities to learn and apply college degree right from the start of employement

    Cons

    Low financial compensation incentives (once you are employed only move up with small increases in salary as opposed to the salary that an outsider receives for same job) , no employer reimbursement for advanced education,

    Advice to Management

    Increase in employee compensation to help incentivise advancement (there has been an increase in turnover in analyst position), more incentive to advance within company


  2. Helpful (1)

    Dedication, Entrepreneurial Mindset Rewarded

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

    I have been working at Wilshire Associates full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Collaborative spirit within my division. Opportunity to work with some of the smartest people in the profession. If you work hard, have an entrepreneurial nature and understand the need to mentor and inspire others you will succeed.

    Cons

    Parking is expensive. Commute long if don't live in SM. Gorgeous views of the Pacific Ocean can be distracting

    Advice to Management

    Talk to them regularly, so they know what I think.


  3. Helpful (6)

    The real story: A falling house of cards

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

    I worked at Wilshire Associates full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Great if you like to work with outdated technological systems

    Cons

    Where to begin. Wilshire is a poorly managed organization to be a part of. It's the one of the worst corporate cultures you could imagine. The majority owner who holds the vast majority of the company (70% or so) is now just focused on his dividend. He doesn't care what happens to the businesses, as long as he continues to collects his dividend. Bottom line. All businesses run to that goal. No investment, no growth; each division leader's goal is to just keep things going as is and don't make waves, as long as you can. The is problem is revenues are falling because there hasn't been any investment in the company in years. Its not an entrepreneurial place any longer; it's impossible to be entrepreneurial when there is zero capital to work with. Every division runs thin and just works to keep the clients they have. Clients and doing things for the good of clients are a secondary thought. In the office, it's a strange place to work. It lacks camaraderie and there is a level of disrespect and distrust amongst employees. Not all, but there are certainly circles of people who clash. Division heads clash with each other also. And a lot of drama. Overall Its like working in a soap opera. And everyone's individual focus is on how much money they can make - partly a result of the incentive structure in place. Client needs are a distant second. No regard to managing work capacity. There has been lack of investment for years, and the businesses have been diminishing over time. But now it's getting worse and very noticeable. Turnover is sky high and morale is low. And it's senior level turnover which is always a bad sign. The consulting division, funds management, and analytics all have huge levels of turnover. But yet, nothing ever changes (for the positive anyway). Management is doing their best to keep it together and keep a good face on everything. But it's bad and getting worse. Think very hard before taking a job here.

    Advice to Management

    Invest for growth Refocus on clients Focus on improving culture Give a 401k match Change out senior management


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  5. Helpful (4)

    Good Launchpad

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

    I worked at Wilshire Associates full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Wilshire is a reputable name in the industry. For recent grads and young employees, it is a great place to start a career in finance.

    Cons

    Mobility is stagnant; many people put in their 2-3 years and leave for better opportunities. The work was cyclical and becomes very mundane. Other than the 3 weeks vacation, benefits are lacking. Must pay for own parking.

    Advice to Management

    Offer employees incentives to stay like a matching 401k, education reimbursement, FREE PARKING, opportunities and projects within the company to grow, mobility-


  6. Helpful (6)

    These guys are still in business?

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

    I worked at Wilshire Associates full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    No investment in the business for many years, so the head guy can get his money!

    Cons

    As another reviewer said - Wilshire was once a relevant company with a solid brand. But that was a very long time ago. Recently had great potential with a product, except it never worked, developed by the folks that have been there for too many years. The head people need to talk to people in the marketplace and ask them what they want/need, not build something they think the market needs. You would be just as well off w/ a random number generator as you are w/ these product. Two big complaints from clients - products do not work and your data stinks. The person responsible for both these departments? Did such a great job of running things into the ground they promoted her to President! And she promotes her relatives! Lays off the best staff! She then promotes all that kiss her behind to senior positions! The truth is she has no business running a company and Wilshire is dying a not-so-slow painful death. Her staff thinks the clients are too stupid to recognize that the data Wilshire distributes is garbage (they may be right on this one, since it is horrible data) Benefits ARE horrible as all others have said - but as long as the CEO gets his money, there will be no changes. Work there at your own risk - if you accept a position, begin looking for another job - Wilshire is, indeed, crumbling.

    Advice to Management

    Replace the current regime with anyone who has business sense and let them do their job. (Never happen)


  7. Helpful (6)

    Ship of Fools

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

    I worked at Wilshire Associates full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Santa Monica office is a great location, but how long can the bean counters keep writing rent checks for this failing business? This review is only regarding Wilshire Analytics.

    Cons

    Management is a joke. 3 of the 4 Presidents resigned in 2014 - that speaks volumes. New Wilshire Analytics president has been in one position for nearly 35 years. She THINKS she knows the market, yet has no interest in hearing what others has to say. Clients are canceling in droves. Great staff members are resigning in droves. Associates that try to give market input on how to turn things around are let go in droves. Another financial services company can create a great staff with the people that have left in the past year. Products don't work, no re-investment into the infrastructure, horrible benefits (no 401k match, HC is 100% out of pocket for those w/ a family etc etc), data team does not have a clue and continue to re-distribute crap into the product (oh, I forgot, Wilshire just 'passes through' the data received from the vendors - yeah right. If the data from the vendors was this bad, they would not be in business!) 'Sales' team openly lies about functionality. A once respected company in the 80's & 90's is second rate at best due to no re-investment, horrible leaders, ancient thought on market needs. Stay away!

    Advice to Management

    Quit


  8. Helpful (6)

    Crumbling

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Santa Monica, CA
    Former Employee - Vice President in Santa Monica, CA

    I worked at Wilshire Associates full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I don't know what to say here. I met a few good people but that's about it.

    Cons

    1-no 401k match. It's 2015 2-employee parking is very expensive 3-zero employee training 4-really closed off people. The worst I have ever worked with. 5-dying culture 6-management is horrible and rude, if they even acknowledge you 7-The company won't be around in a few years, so don't work here.

    Advice to Management

    Senior management is delusional. My heart goes out to all clients and all employees of that firm.


  9. Helpful (2)

    Analyst

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

    I worked at Wilshire Associates full-time (More than a year)

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Great way to get into the Investment Management industry and get your feet wet

    Cons

    No motivation on getting ahead, most of the analyst and associate leave as there is slow promotion and lower than market salary. Majority of money is made by upper management.

    Advice to Management

    Build a training program for analyst and improve your salaries. Also, Dennis Titto needs to retire.


  10. Helpful (6)

    Wilshire Associates -- beware

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

    I worked at Wilshire Associates full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Compensation is good; above average for senior employees. Location is exceptional.

    Cons

    Employees are offered ownership fairly based upon merit, but ownership -- even collectively -- has no absolutely no power against the majority ownership of one of the founders.

    Advice to Management

    This business is managed for the benefit of the one remaining founder. That founder over the last 10 years has siphoned off between 15% and 20% of each dollar earned by the firm. Lack of strategic and effective capital investment in the firm will lead to its demise.


  11. Helpful (9)

    Wilshire is broken

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

    I have been working at Wilshire Associates

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nice view, good restaurants nearby

    Cons

    As the title implies, Wilshire has problems. Years of underinvestment in the company combined with mismanagement are now impacting the company. The majority owner pays himself a huge payout from profits, but refuses to invest any money in the business. The company is no longer competitive and has become a second rate firm. The employees know it, look at the recent turnover. Over the past two years 3 of the 4 division heads have all left. About 15 senior level people from consulting have left in that timeframe. Employees are running away in droves. The culture of the place is amateurish. In consulting management has caused factions of people who clash and don't respect one another. The best way to get ahead here is to kiss up and be a yes person. If you do, you'll get treated well, no matter how little you do. If not, you will never get ahead. And all the people here care about is how much money they make. The benefits here are nonexistent. No 401k match, no pension, and high cost health care. If you are thinking about working here, reconsider

    Advice to Management

    Start investing in the company and replace management with outsiders who think differently.



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