Dunham & Associates Reviews | Glassdoor

Dunham & Associates Reviews

Updated July 26, 2017
7 reviews

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2.7
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Jeffrey A. Dunham
6 Ratings

Employee Reviews

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  1. "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


  2. Helpful (5)

    "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.

  3. Helpful (2)

    "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.


  4. 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.


  5. 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


  6. 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


  7. Helpful (9)

    "Not a great place if you're in sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Client Services Associate in San Diego, CA
    Former Employee - Internal Client Services Associate in San Diego, CA
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Ok pay, nice people, good story behind the investment philosophy but its all smoke and mirrors that most customers are too ignorant to see to understand

    Cons

    Sales team is a joke, sales as a whole there is a joke, you should essentially be prepared to be a cold caller allllll dayyyyyy longggg if you're an internal sales associate. Very little account maintenance and duediligence. Instead, you're a phone jokey and that is all that's ever discussed...how many calls you made.

    Advice to Management

    Stop acting like you're selling cars and start acting like a relationship means something. You can't force the money to come, instead you just have to get a sales staff that's intelligent enough to articulate the features & benefits of your product; oh, and pony up for a REAL crm!!! Your contacts are outdated at best!