Envestnet Reviews | Glassdoor

Envestnet Reviews

Updated June 6, 2017
31 reviews

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3.0
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Envestnet Chairman, Founder, and CEO Jud Bergman
Jud Bergman
10 Ratings

31 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. Helpful (2)

    "Different management style. Needs getting used to. Could be more hands on."

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

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

    Pros

    Competitive salary, nice people, easy to talk with others in current location. Overall, they really try to make everyone feel like they're part of a bigger picture.

    Cons

    Knowing how to and who to reach out to for help. Other locations sometimes not as nice and understanding if you're new to the company.

    Advice to Management

    Employee personal development is important. Helps keep moral high.


  2. Helpful (2)

    "Not the worse place to work but it was just...."

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

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

    Pros

    An okay place to work.

    Cons

    It was just an okay place to work.

    Advice to Management

    Hire more staff. Get more seating space. Reorganize the structor of company (i.e employee's positions). Get better benefits.

  3. Helpful (2)

    "Growing company that is trying to find the right structure."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Various Roles in Denver, CO
    Former Employee - Various Roles in Denver, CO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Able to partake in corporate entrepreneurship.

    Cons

    Difficult to grow with removal of educational incentives. High turnover.

    Advice to Management

    Reinstate educational incentives. Allow and introduce more cross-functional training.


  4. Helpful (2)

    "it's a good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Disapproves of CEO

    Pros

    growing company, possibilities for advancement

    Cons

    small department budgets, very little education assistance

    Advice to Management

    take an active interest


  5. Helpful (3)

    "Great place to become exposed to the asset management industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    Pros

    The company presents itself as a comfortable place to work, and is a good stepping stone for one looking to find a career in asset management. The people who you work side by side with are generally knowledgeable and there is a high level of camaraderie among those within each subset of the departments.

    Cons

    The pay is on the lower side for the industry and there is a serious disconnect between upper management & the rest of the company. The perception is that most of the individuals in decision-making positions are not interested in providing the necessary resources that are needed to provide the appropriate level of service to advisors & end clients. In short the level of work required to keep one's head above water is not sustainable at current staffing levels.

    Advice to Management

    Stop making six figure salary hires that do not contribute to the organic growth of the company and focus on your pre-existing client base by providing higher levels of service possible thru lower level hires.


  6. "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.


  7. "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

  8. "Director"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Envestnet full-time

    Pros

    Challenging work, flexibility, nice people to work with and culture

    Cons

    sometimes (depends on the team) work/life balance could be better


  9. Helpful (3)

    "unorganized, understaffed, and over-worked employees"

    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
    No opinion of CEO

    I have been working at Envestnet full-time

    Pros

    Company growing at a rapid rate. Great technology. PTO has improved.

    Cons

    need better talent, need to be willing to pay for better talent, most unorganized financial firm in my experience, lousy performance incentive, need a better business model to sustain growth, need more business analysts keeping up with industry trends, departments are totally disjointed

    Advice to Management

    If you expect employees to go above and beyond for clients there should be better performance incentive. Never worked for a financial firm where you're expected to work 60 hours with terrible performance bonuses. Need a restructuring of teams for departments to work more cohesively.


  10. Helpful (4)

    "Envestnet - just another stop-gap to a better career."

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

    Pros

    - Good, varied benefits
    - Stability
    - No drama

    Cons

    - Pay could be better
    - Lack of accountability among depts.

    Advice to Management

    Each dept should be held more accountable.


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