Envestnet Reviews | Glassdoor

Envestnet Reviews

Updated November 5, 2017
123 reviews

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3.9
StarStarStarStarStar
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Approve of CEO
Envestnet Chairman, Founder, and CEO Jud Bergman
Jud Bergman
56 Ratings

123 Employee Reviews

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

  • No action has been taken by weak top management (in 3 reviews)

More Pros and Cons

  1. "Who was THAT person??"

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

    I have been working at Envestnet full-time (Less than a year)

    Pros

    Everything. Great culture, benefits, and pay.

    Cons

    Let’s be realistic here for a minute. Nothing will ever be perfect. I have worked at several different companies and Envestnet has been the best experience I have had.

    As an aside, I just read another review that someone left from Chicago complaining of various things and bashing the company. To you I say good luck, you didn’t belong with us anyway.

    Advice to Management

    Great job guys, keep it up!!


  2. "Dynamic, Fast Growing Company Dominating it's Industry"

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

    I have been working at Envestnet full-time (Less than a year)

    Pros

    ENV is growing unbelievably fast and dominating its space. Core offices (Berwyn, Denver, Chicago) very cool. Really nice and understanding coworkers.

    Cons

    Highly functionally and geographically segregated. People tend to be in their offices and departments, not a ton of cross office or cross function communication / collaboration. People tend to stay for a very long time. Compensation and career opportunities could be better.

    Advice to Management

    Keep it up!!! I've really enjoy working at ENV.

  3. Helpful (4)

    "A company that serves no real purpose"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Analyst in Chicago, IL
    Former Employee - Investment Analyst in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    I get to pretend I manage money. I did work with some great people, but sadly they are leaving in droves.

    Cons

    The company is a glorified back office financial services company that would like nothing more to send every job to India so the founders can become wealthy. I’m not exactly sure what Envestnet does that Schwab, Vanguard and Fidelity don’t already do. The highest margins product sells is its own in house “fund of fund” products. Seriously. It’s a total joke. For that they charge 20 basis points. Wow big money maker. I’m completely and totally amazed the company is still in business. Yes I know it provides back off support for its clients and allows said clients to provide fancy monthly and quarterly reports that hide the fact the advisors are completely screwing over its clients. Nice job. I hope you feel better about yourself. This is why I no longer work in financial services and encourage anyone and everyone to invest in low cost Index funds and ETF’s.

    Advice to Management

    Fold the company and go out business. You add nothing to society. Oh and quit having affairs and sexually harassing your subordinates. Not cool.


  4. Helpful (1)

    "Envestnet Review"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Envestnet is an innovative company that is destined to achieve great success in the coming years.

    Cons

    I had no negative experiences here.


  5. Helpful (1)

    "Great experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

    I have been working at Envestnet full-time

    Pros

    Great leadership, benefits, and culture.

    Cons

    Overall, not too many cons working for Envestnet


  6. "Great culture, benefits and vision!"

    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 Envestnet full-time

    Pros

    Envestnet is great environment. The company has built a culture of transparency and putting people first - their benefits package proves that. The people are smart, committed and excited to be there everyday.

    Cons

    If you live in Philadelphia, it can be a difficult commute. However, I know Envestnet is close to getting a shuttle from the Paoli train station to tackle this issue. It should be up and running soon for Envestnet employees.


  7. "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

  8. 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.


  9. "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.


  10. Helpful (1)

    "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.


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