Advanced Equities Reviews | Glassdoor

Advanced Equities Reviews

9 reviews

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2.3
Star Star Star Star Star
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Michael Dockendorf
3 Ratings

Employee Reviews

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  1. "No as bad as reported"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Executive in New York, NY
    Current Employee - Investment Executive in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Advanced Equities full-time (More than a year)

    Pros

    Michael Dockendorf the new President is really turning this place around.
    It is a New York Firm so if you are one of the boys it is quite fun.
    The guys that gave this place a bad reputation have left.

    Cons

    Lots of the guys will try and be your friend because they are not very good at their job.

    Advice to Management

    Hire better people.


  2. "Investment Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in San Francisco, CA
    Former Employee - Account Executive in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Advanced Equities full-time (Less than a year)

    Pros

    Interesting private equity transactions. Worked with some of the best VC in Silicon Valley. The founders and entrepreneurs would give interesting presentations about their companies.

    Cons

    All the deals went bad. All the investors generally lost all their money. Never had a big winner at all. Company used very high-pressure sales techniques to sell these bad investments.

    Advice to Management

    Needs better investments and drop the cheap high-pressure sales techniques.


  3. "Great Business Model, horrible execution"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Chicago, IL
    Current Employee - Vice President in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Advanced Equities full-time (More than 5 years)

    Pros

    You have access to very exclusive venture backed opportunities that HNW clients normally wouldn't be exposed to.

    Cons

    Nothing is ever what it seems. Upper level management is inherently dishonest. And you are absolutely on your own when it comes to sourcing leads.

    Advice to Management

    Fire them all and start from scratch. Stop spending so much money on corporate retreats and start rewarding your sales force. Lastly, stop lying.


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  5. "Poor"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Executive in San Francisco, CA
    Former Employee - Investment Executive in San Francisco, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Learn basic knowledge of selling and deal execution.

    Cons

    At the time management was horrendous, from the VERY top down.

    Advice to Management

    Your bottom workers pay your bills, respect them.


  6. Helpful (1)

    "Amazing partnerships with the best VCs...spoiled by used car salesmen aproach"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    partnered with some of the top VC firms and worked on some really interesting capital raises. Involved in numerous disruptive technologies

    Cons

    the sr. management is potentially on the verge of criminal activity in regards to how they distribute information and advise their clients. Management is street smart, but clearly lack the ability to run a VC firm/investment bank or whatever it is they want to call themselves.

    Advice to Management

    quit. relinquish your titles and hire actual VC partners who are respected in the industry and by their colleagues and employees


  7. Helpful (1)

    "Overall a poor experience."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Chicago, IL
    Former Employee - Account Executive in Chicago, IL
    Disapproves of CEO

    Pros

    Opportunity for a huge payout if and when there is a liquidity event.

    Cons

    With the advent of Sharespost and SecondMarket their model is outdated.

    Advice to Management

    None.


  8. "Advanced Equities"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The company provides access to private investment opportunities backed by some of Silicon Valley's most high profile venture capital firms.

    Cons

    Only way to succeed there is if you have an existing book of business or if you know "money" and are able to raise capital from high net worth individuals.

    Advice to Management

    Need to hire more competent, trustworthy management that can recruit talented individuals and need to properly train those recruits and give them the proper resources to expand their respective businesses.


  9. "Amazing"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    People were a great team

    Cons

    very chaotic investment banking industry at the time

    Advice to Management

    none


  10. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Advanced Equities full-time (More than a year)

    Pros

    Some good bankers work with the firm.

    Cons

    Management is terrible and many of their deals are sub-par.