Envestnet Reviews | Glassdoor

Envestnet Reviews

Updated June 6, 2017
113 reviews

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3.4
Star Star Star Star Star
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Approve of CEO
Envestnet Chairman, Founder, and CEO Jud Bergman
Jud Bergman
51 Ratings

113 Employee Reviews

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Pros
  • Great work life balance, slight load during start of year (in 13 reviews)

  • Nice people, good work environment (in 7 reviews)

Cons
  • sometimes (depends on the team) work/life balance could be better (in 4 reviews)

  • Legacy platforms zapping efficiencies (in 3 reviews)

More Pros and Cons

  1. "Great company, great benefits, family environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Chicago, IL
    Former Employee - Client Service Associate in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The company really cares, I was diagnosed w/a terminal illness and they did their best to accommodate my needs and were genuine in their efforts to find me a position that helped me.

    Cons

    Gossipy culture, it can seem very clique-ish at times. For the most part they do try to include you

    Advice to Management

    Dont play favorites


  2. "Company feels small even though it is not"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Senior Management
    Current Employee - Senior Portfolio Manager in Denver, CO
    Current Employee - Senior Portfolio Manager in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Envestnet full-time (More than 10 years)

    Pros

    Envestnet is involved in all aspects of financial services. We have great technology for financial advisors at very reasonable price. Our asset management arm offers a full spectrum of investment strategies.

    Cons

    Glitches that are inevitable with new development can take far too long to clean up.

    Advice to Management

    Set aside development resources to "bat cleanup" after every development cycle. We offer so much so quickly, it is inevitable that tweaks will need to be made. Have 15-20% of developers available solely to focus on that.


  3. Helpful (1)

    "VP Development"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineering Manager in Seattle, WA
    Current Employee - Software Engineering Manager in Seattle, WA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great stability and products with a lot of company growth opportunity.

    Cons

    Bigger company with a finance overtone, so slightly conservative.


  4. Helpful (5)

    "Too top-heavy"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Approves of CEO

    I worked at Envestnet full-time (More than 10 years)

    Pros

    Jud Bergman is a visionary and a good corporate leader. Good and growing technology platform.

    Cons

    No alignment in the firm. No loyalty for long-term employees (everyone is expendable mentality). HR is a disaster. No formal reviews, compensation adjusted was ~2% annually - had one year my salary was adj -1%. I had 6 different managers in 5 years. Left hand does not know what the right hand is doing 90% of the time.

    Too many chiefs...


  5. Helpful (2)

    "Great place to work"

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

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

    Pros

    Great benefits - good 401k match, great health insurance (2 options), company pays gym membership for a gym in the building.
    Excellent PTO policy
    Excellent team environment
    Good pay
    Fun place to work!

    Cons

    Lack of communication internally
    Often disorganized
    Senior management is always moving on to the next big thing without successfully implementing their old ideas


  6. Helpful (2)

    "Communication is non-existent"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Berwyn, PA
    Former Employee - Assistant Vice President in Berwyn, PA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Benefits (not pay), flexible, great co-workers, decent location, free breakfast, drinks.

    Cons

    Management gets an EPIC FAIL on communication, different locations are treated better and receive perks not granted to others. Never accept a job in operations. They are very unorganized and stressed out that is creates an unfavorable work environment. Get verbal promises in writing.

    Advice to Management

    I can only speak to the management I met during my employment. Lost, rude, angry and unhappy. How are new hires supposed to be engaged when it looks like everyone wants to quit? Get in touch with the PEOPLE and get off your self-absorbed mentality.


  7. "Excellent place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Software Engineer in Chicago, IL
    Current Employee - Associate Software Engineer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Envestnet (More than a year)

    Pros

    Flexibility, excellent learning environment, work life balance

    Cons

    no cons found till now

    Advice to Management

    no advice to management as everitng seems perfect


  8. "Advisor Services"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Financial Advisor Services Representative in Wheeling, IL
    Former Employee - Investment Financial Advisor Services Representative in Wheeling, IL
    Recommends

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

    Pros

    The benefits are amazing! HR gives more to employees every year. Great group of people to work with. Company is always improving the platform.

    Cons

    Lack of training and management availability.


  9. "Nice company to work in"

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

    I worked at Envestnet (Less than a year)

    Pros

    Good balance between work and life. Supervisors are very nice and supportive. It's easy to build a good relationship with your colleagues.

    Cons

    The salary for entry-level jobs is relatively low given the living cost in Chicago. Communications between different groups is not that smooth.

    Advice to Management

    I would suggest to consider raising the salary for entry-level jobs so as to keep employees.


  10. Helpful (3)

    "Unstable Growth"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager, Manager Services in New York, NY
    Former Employee - Relationship Manager, Manager Services in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Envestnet (More than 3 years)

    Pros

    -#1 asset management platform provider.
    -Good balance between life and work
    -wholesaler of investment manager provider

    Cons

    -Leadership to focused on growth rather than stakeholder needs, i.e. compromising excellent client service.
    -Company lacks innovation, not flexible, slow to adapt to change, extremely rigid
    -Unable to retain talent
    -Poor monetary compensation and worst bonus structure in the industry

    Advice to Management

    Business model is inadequate to meet the challenges facing the wealth management advisory industry. Too much leverage and not enough customization offerings for an ever-changing client landscape.


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