Beware private equity-backed firm - Anonymous employee Adviser Employee Review

1.0
Oct 12, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Most of the staff are great and are good at their jobs. Work/life balance is manageable because hybrid work schedules are allowed. I appreciate that the changes Adviser is implementing will improve the firm's client offerings; however, it remains to be see whether these changes are better for staff.

Cons

All new management and C-suite executives hired within the last year; they develop snap impressions of people/processes and run with wrong impressions. Many staff from acquired firms have been demoted or redefined out of a job. "Extra efforts" are expected and go unrewarded or unacknowledged...or acknowledgements are uneven and inconsistent. Staff turnover in the last year has been extremely high, both in quits/layoffs (consistent with private equity aim to keep costs down & profits high). It seems the company cares more about $$ than people.

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Adviser Response
2y
We’re transforming and growing as an organization, so we can continue to deliver best-in-class services and offerings for our clients. We recognize that not all employees thrive in a fast-paced growth environment, and we wish you success in the next step of your career.

Explore other reviews about Adviser

5.0
Nov 9, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

New CEO and senior leaders have brought a refreshing change and focus on strategy and growth. Coworkers are welcoming and collaborative. Candid and open dialogue-culture of transparency

Cons

None that have occurred so far

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Adviser Response
3y
Thank you for sharing your feedback! Our goal is to create an environment where all employees feel welcome and connected with their colleagues and the organization, so we’re thrilled to hear that’s been your experience so far.
4.0
Dec 4, 2025
Recommend
CEO approval
Business Outlook

Pros

Great people Inspiring history Opportunity

Cons

Nepotism Poor communication Toxic culture by leadership

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