Dunham & Associates Reviews | Glassdoor

Dunham & Associates Reviews

Updated May 10, 2018
11 reviews

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2.8
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Jeffrey A. Dunham
10 Ratings

11 Employee Reviews

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  1. "Great place to work!"

    StarStarStarStarStar
    • 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 Dunham & Associates full-time

    Pros

    Dunham is a well-managed, great place to work. The employees are incredibly friendly, the office is nice, we have a fun company culture, and there are lots of opportunities for growth and development. The management team is open and available - and extremely transparent.

    Cons

    We have a business casual dress code, but at least Fridays are casual.


  2. "Team player at Dunham"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Dunham & Associates full-time

    Pros

    Great company to work for. The people are amazing and work well together. New ideas are welcome and open to progressive movement. The marketing team has done a great job of re-branding and updating the website and a more user friendly client/advisor portal.

    Cons

    No cons worth mentioning at Dunham

    Advice to Management

    Continue with positive reinforcement - positive reinforcement equals positive employees which then equals growth and progression.

  3. Helpful (3)

    "Dunham is ABSOLUTELY TERRIBLE!"

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

    I worked at Dunham & Associates full-time (Less than a year)

    Pros

    Free breakfast once a month but it's like they always say "you get what you pay for" so the food is MEH.

    Half the people are nice.

    Cons

    Management is terrible here. Everyone in offices are basically the source of the problem. There are real hearty issues with the company and they refuse to address it. There are a lot of individuals that are best friends with C-Level and receive special treatment. The employees who have been at this firm 10+ years are very complacent and have set themselves up to be able to work part time and dodge work. There is a reason why some of them have been there for so long. Trust me, that kind of work behavior won't fly anywhere else. All the good people leave and there is so much turnover at this firm, you would think they would make changes but they don't. If you've become friends with management, they will coddle and enable you so you can complain. Just make sure you're ready to last 10 years. There is a lot of lying that goes on whether it's to the CEO or employees. They say they want to be transparent but obviously not. There are non-technical staff that are hired to manage products and this firm currently doesn't utilize tools to it's full potential due to this. The systems are complete crap. The processes are terrible and built by someone who clearly has no knowledge of what the industry standards are. Seriously, everyone complains and hates it at Dunham. Ask them how many times the trading system crashes a day. I'm sure I know who the employees are that wrote those good reviews and it was most definitely trying to salvage this place and balance out the star ratings. There is also no room for growth. What you got is all you're going to be!

    BTW...The hidden nanny cam (from the other posted review) is most definitely real. Be careful who you trust. Some people are the puppeteers for management and their decisions.

    Advice to Management

    You don't need to be best friends with everyone. Be a leader! You'll see people start to respect you as a leader rather than treating you like a pal to whine to.


  4. Helpful (6)

    "A very fitting two star company"

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

    I worked at Dunham & Associates full-time

    Pros

    For the most part, the people are a pleasure to work with

    Cons

    I would be surprised if this company did not soon have a lawsuit filed against it. Hidden cameras were placed in an area of the office where there is a reasonable expectation of privacy. The reason behind its placement are dubious and inexcusable. Upon discovery of said cameras, the CEO not only admitted to placing them there, but proceeded to inform all employees that if they had a problem with it, they could leave. This company has many employees that have been employed with the company for ten or more years. To say this is to undervalue them in return for their years of loyalty. If you decide to accept a job offer with this company, know your worth and tread lightly.

    Advice to Management

    Acknowledge that you have made a terrible mistake, apologize to your employees and be honest as to whether or not anymore hidden cameras exist in the office.


  5. Helpful (9)

    "Dunham is Awful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Regional Marketing Associate in San Diego, CA
    Former Employee - Regional Marketing Associate in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Dunham & Associates full-time (Less than a year)

    Pros

    Nothing comes to mind, unfortunately.

    Cons

    Sal Capizzi is a terrible person

    Advice to Management

    Get rid of Sal and your problems may just disappear. He is detrimental to the firm and to the industry. Also consider revising your approach to complying with actual labor laws. Making your employees take comp time instead of paying for overtime is a bad and illegal practice. It is the employee's choice and Denise Iverson, CFO, knows this and has been confronted about it.


  6. "Excellent company, but pay was not spectacular"

    StarStarStarStarStar
    • 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 Dunham & Associates full-time

    Pros

    Loved the people
    Fun place to work
    Lots of free meals, parties, etc.

    Cons

    Pay was not great
    Benefits only okay


  7. Helpful (4)

    "Not Recommended as an investment or a job."

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

    Pros

    Its a job, but not much else.

    Cons

    Products and Services are below average.
    High employee turnover despite what management says
    Products are sold based on a gimic (performance based fees) rather then a benefit to the end client.
    Sales leadership is more like the manager of a used car lot.
    Fees on the funds are extremely high (just look on Morningstar) even when the fulcrum fee (performance fee structure) is at the lowest level meaning the fund has underperformed.
    Marketing material is dated in both looks and content.
    Sales leadership refuses to show relative performance (fund performance vs, a benchmark) because the performance is less than stellar, Showing relative performance is an industry standard. Dunham would rather hide their poor performance.
    Firm is talking up a new technology platform which is not unique and is actually used by one of its main competitors. So instead of putting Dunham ahead of the game they are only putting the firm on par with competitors who have had the technology for years.
    CEO wears horrible suits.
    Sales leadership constantly uses misleading statements when describing Dunham and their products. Probably because of the poor performance and their effort to hide this.
    Dunham is constantly out-classed by its competitors in both performance, marketing, and relationships with broker/dealers.

    Advice to Management

    I think management knows what the need to do but are unwilling to do so. My advice would be to anyone thinking about investing in Dunham's products or to anyone looking at working here. To those looking at Dunham, please make sure you do your due diligence and ask the hard questions of management. Don't take their word for it as I have many examples of misleading information that comes out of this group. My guess would be that Dunham is acquired by another firm in the next 2 years.

  8. Helpful (3)

    "Great Company for the most part"

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

    I worked at Dunham & Associates full-time

    Pros

    Really nice people, feels like a family and people seem to genuinely care about each other. Things are kept non-corporate despite being large enough to go down that route. Very little turnover in most positions because it's hard to find another workplace in San Diego in the industry that has the same kind of family feel.

    Cons

    Pay is not good and I left because of that. Benefits are okay, but employees tend to all struggle financially except those in the C-Suites. Partially due to the loyalty of employees which is a good thing, the company has essentially no room for advancement.

    Advice to Management

    Increase pay, benefits and PTO. Find a way to lower fees on the mutual funds so they're more competitive in the open market.


  9. Helpful (3)

    "Decent place to work, with big pros and big cons"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Neutral Outlook
    No opinion of CEO

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

    Pros

    - Nice people and good culture. Everyone knows each other and it promotes a more cooperative environment, as well as events every so often that promote office camaraderie. No petty office politics.

    - Open door policy with management. The managers I worked with are excellent at their jobs, intelligent, friendly, professional, and always make you feel like an important part of the team.

    - Placement in San Diego - not many financial services firms here period, much less a BD-RIA. The location is close to UTC and Del Mar if you want to unwind after work.

    - Stable hours and good work/life balance.

    Cons

    - There isn't much room for advancement. The way it is structured internally is that there is one head per department who also functions as your primary manager, and then everyone else under them. While you do get raises and small bonuses every few years depending on how long you stay, there is no room for merit-based promotions and none of the department heads look to be retiring anytime soon. You'll get some great entry-level and mid-career experience but if you have any kind of career ambition, you'll realize them elsewhere.

    - Pay and benefits are far below industry average for some positions, and aren't sustainable with the "California premium". I agree with the other review that it seemed like many employees were struggling financially.

    Advice to Management

    Bump up the pay and benefits as soon as


  10. Helpful (1)

    "Fantastic Teammates"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The employees at Dunham are awesome! They have true longevity (standard 5-15 years) and real industry knowledge. In a city like San Diego with few financial services firms - it is a great place to be.

    Cons

    Must track time - even if exempt


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