Envestnet Reviews | Glassdoor

Envestnet Reviews

Updated June 6, 2017
113 reviews

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3.5
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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"

    StarStarStarStarStar
    • 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. Helpful (1)

    "Loving my experience to date"

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

    Pros

    Building out a team (across depts) that interact well together

    Cons

    Visitors (senior mgmt.) from other cities should make an effort to introduce themselves. We typically have no idea who is in our office.

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

    StarStarStarStarStar
    • 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.


  4. "Too many ships without adequate captains"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Development
    Former Employee - Software Development
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The benefits are great, there is a lot of low hanging fruit to improve Envestnet, some of the new projects / acquired firms embrace new technologies, and there are some great people scattered throughout the organization.

    Cons

    HR is nice, but disorganized and likely understaffed. The core legacy Envestnet technology is old and hard to change unless it comes as a pet project from the very top. There is an imaginary wall of distrust between Sys Ops and Development, which isn't surprising since testing is manual and inadequate. The month after each release is reserved for fixing bugs reported by clients all over production. The old vanguard is resistant to change, and most managers fail to manage up as their C level and SVP level managers run the place like a small shop. If you get a timely, thoughtful review or useful management / career coaching it is pure luck that you've found a self directed and motivated manager who cares about managing you for than simply filling in / checking boxes to beat the final deadline.

    Advice to Management

    Provide training for managers or identify high performing managers to mentor others in the organization. The head of Systems may be smart and have stuck around after his manager left, but he needs and deserves a good manager. Anonymous 360 reviews would likely be shocking.


  5. Helpful (1)

    "VP Development"

    StarStarStarStarStar
    • 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.


  6. "Senior Data Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Envestnet full-time

    Pros

    It's a great "starter-job" for a recent graduate with an economics degree that's not certain what to do with their future.

    Cons

    Management does very little to invest in their employees. Advanced degrees or continued education is not valued at all. Going along with the "status quo" is greatly rewarded


  7. Helpful (6)

    "Too top-heavy"

    StarStarStarStarStar
    • 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...

  8. Helpful (1)

    "Project Manager"

    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 Envestnet full-time

    Pros

    Great team environment. Managers very fair.

    Cons

    I have nothing bad to say about the role or the people.


  9. Helpful (3)

    "Great place to work"

    StarStarStarStarStar
    • 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


  10. Helpful (2)

    "Communication is non-existent"

    StarStarStarStarStar
    • 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.


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