Ayco Reviews | Glassdoor

Ayco Reviews

Updated March 23, 2017
102 reviews

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Full-time Part-time

2.9
Star Star Star Star Star
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Ayco President/CEO Timothy D. O'Hara
Timothy D. O'Hara
27 Ratings

102 Employee Reviews

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Pros
Cons
  • Technology is outdated and improvements are too slow, tax season is very busy with long hours, can be stressful at times (in 14 reviews)

  • Glass ceiling after Account Manager (in 8 reviews)

More Pros and Cons

  1. "Administrative Assistant"

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

    I worked at Ayco full-time

    Pros

    Flexibility, challenging, competitive salary, benefits

    Cons

    Tax season very stressful, communication


  2. "Financial Planner"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Planner in Albany, NY
    Current Employee - Financial Planner in Albany, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The company culture and benefits make the job worthwhile.

    Cons

    Compensation is lacking and most aren't paid for their individual performance or merit.


  3. Helpful (4)

    "Financial Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Deerfield, IL
    Current Employee - Financial Analyst in Deerfield, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Looks good to have Goldman Sachs on your resume.
    Exposure to High Net Worth Clients that you won't find anywhere else.
    They make sure you are educated before putting you in front of clients.

    Cons

    The job is basically Indentured Servitude.
    They expect you to work 60 - 70 hour weeks, but always find reasons to not promote you or skimp on your bonus.
    Pay is extremely top-heavy. Account managers make tons of $$$, everyone else gets scraps.
    The Chicago office is actually in Deerfield, IL and the commute is a nightmare.

    Advice to Management

    Be clear in your expectations for analysts to advance.
    Stop coming up with ways to screw the analysts out of their bonus.
    Even out the pay structure. Or encourage Account managers to share a little with their teams.


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  5. "Financial advisor"

    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

    Pros

    Nice people to work with

    Cons

    Long hours, ok benefits


  6. Helpful (3)

    "Admin Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrator in Latham, NY
    Current Employee - Administrator in Latham, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    smart new associates, great tools to educate yourself on the market

    Cons

    culture is BAD, management is BAD, people are dying to get out...when i think of what purgatory would be like, life at Ayco is that

    Advice to Management

    whatever you think you should do, do the opposite


  7. Helpful (1)

    "Senior Administrator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Administrator in Latham, NY
    Current Employee - Senior Administrator in Latham, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    They pay for your licenses and educational benefits.

    Cons

    The pay is outrageously low, and being slashed at an alarming rate. People are constantly leaving, but there is somehow still not much room for advancement.

    Advice to Management

    Do something for the morale of your workers.


  8. Helpful (1)

    "Good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ayco full-time (Less than a year)

    Pros

    Very hard working and friendly people. The aquire of Goldman Sachs helps the name.

    Cons

    Should be compensated more for the amount of work that goes into the job.

    Advice to Management

    Explain things better and give more examples to help employees to really understand what they are doing.


  9. Helpful (1)

    "Beware!"

    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
    Neutral Outlook
    Disapproves of CEO

    Pros

    Generally speaking great people to work with

    Cons

    Toxic atmosphere. Inept management. Fabricated career path. Reviews and development plans not adhered to.

    Advice to Management

    Take a good, hard honest look at what you have created.


  10. Helpful (3)

    "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Latham, NY
    Current Employee - Associate in Latham, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    They pay for your licenses/certifications.

    Cons

    Absolutely terrible compensation. They continually dangle the carrot in front of you with the promise of future salary and bonus increases. The salary and bonus structure is based on a convoluted algorithm that somehow shows an increase in compensation when in actuality your overall pay decreases.The hours are extremely long, and despite the high turnover rate you are expected to pick up the workload for other analyst who have left the firm. They continualy question why morale is so low, and their best remedy is to this is to offer a "jeans day" on Friday's. Ayco has relied on its upstate demographic to justify paying its employees terrible salaries, but unfortunately they are starting to see the ramifications of this via employee turnover at an alarming rate.

    Advice to Management

    Start paying your mid-level employees more or begin to embrace for increased turnover.


  11. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Recommends
    Positive Outlook

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

    Pros

    All of the staff are friendly and helpful and are truly focused on the clients best interests.

    Cons

    None that come to mind.



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