Fiduciary Trust Reviews | Glassdoor

Fiduciary Trust Reviews

Updated October 12, 2016
14 reviews

Filter

Filter

Full-time Part-time

3.3
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Henry P. Johnson
7 Ratings

14 Employee Reviews

Sort: Popular Rating Date

  1. "Positive employement"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fiduciary Trust full-time (More than 3 years)

    Pros

    Great company to help you grow. Management is easy and great to work with. Work is not over whelming and it challenges you depending on your position. You work along side many intelligent individuals. Growing within the company can be accomplished quickly if you do great work, have great team skills, intelligent, and work here for a 4+ years.

    Cons

    Might work 50+ hours during certain times of the year but that is normal for a NYC jobs.


  2. "Good company, lots of changes"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Fiduciary Trust (More than 10 years)

    Pros

    Good place to work. People are very nice. People tend to stay there for a long time. Not much turnover, until recently.

    Cons

    Have fallen way behind technologically. Now trying to do too much at one time. Unfortunately, they have no choice if they want to remain competitive.

    Advice to Management

    Pay competitive salaries to good employees so they stick around. Too many changes at one time will make people want to leave


  3. Helpful (3)

    "Sinking Ship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook

    I have been working at Fiduciary Trust full-time (More than 8 years)

    Pros

    75% match on entire 401K contribution. All the coffee and tea you can drink. Nice people to work with.

    Cons

    Employees are dropping like flies. The departure of the CEO and other high level employees must say something. Too bad the pay is so low that even with a great 401k match you can't afford to contribute. Technology is strictly 1990s, maybe 1980s. Advancement depends on who you are aligned with and not on talent and hard work. Employees are viewed as disposable. A great number already have their resumes circulating

    Advice to Management

    Upper management should come down and see what work is really like and identify the ones that are truly working and cut the dead weight. Instead the current hires are connections of clients who are not qualified, and desperate out of work people who are willing to take huge salary cut. This is no longer 2008. The competition is paying much higher salaries and the current employees all know that and are looking to leave.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    "Summer Analyst"

    Star Star Star Star Star
    • 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

    Pros

    It is a great place to learn!

    Cons

    Fiduciary is very corporate and generally the employees are older


  6. Helpful (2)

    "Business Development Associate"

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

    I worked at Fiduciary Trust full-time (Less than a year)

    Pros

    - Access to an interesting client base (5mm+ net worth)
    - Free coffee, hot chocolate and tea
    - Free food when they over-order (always) for conferences

    Cons

    - Too many ladders to climb to make an impact
    - All the senior management are stuck up and will try to walk all over you
    - You're just a worker in a cubicle with an employee id number

    Advice to Management

    - Treat your employees with respect
    - Create an exciting environment for people to want to work in
    - Have respect


  7. Helpful (2)

    "Old school firm struggling to keep up with the times."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Fiduciary Trust full-time

    Pros

    Nice group of people for the most part. Not a cutthroat bank environment and not competitive, so could be good for someone starting out (or winding down) a career in wealth management. Overworked employees serving multiple roles means lots of opportunity to make an impact quickly.

    Cons

    Formed in 1931 and purchased by the Johnson family (Franklin Templeton owners) to serve as their family office, Fiduciary feels like a bit of a sidelined pet project rather than a viable, growing business. No investment in internal infrastructure translates to aging IT systems, dated office decor, below-average salaries, and little/no professional growth.

    Once an employee proves himself capable, he is given more and more work to fill in for recently-departed staff who Management won't replace. Taking on multiple jobs means a great deal of on-the-job learning ("trial by fire") but don't expect the salary to follow -- it won't.

    Advice to Management

    Your staff are all looking for new jobs! And the best people will find them.

    People will continue to leave in droves (as they have been!) if you don't invest in them. You cannot continue with business as usual -- focus on significant internal change to stop the bleed.


  8. Helpful (3)

    "Salaries very low across the board"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Analyst
    Former Employee - IT Analyst
    Doesn't Recommend
    Negative Outlook

    I worked at Fiduciary Trust full-time (Less than a year)

    Pros

    Great family like environment. Supportive people

    Cons

    Archaic systems slow everyone done.

    Advice to Management

    Pay your good people what they deserve or they will start leaving in droves now that the market is getting better. It's not ethical to pay employees peanuts just because you can.


  9. "Managing Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Professional atmosphere. A company that puts clients first. Investment & Trust Professionals care about their clients and work with integrity. Employees tend to have long tenures, and client retention is high.

    Cons

    No substantial negatives to report, having successfully navigated the global financial crisis and persevering through the aftermath of the attacks on the World Trade Center on 9/11.

    Advice to Management

    Continue to focus on achieving quality results for clients.


  10. "An International Gem- Client Facing and Internally Focused"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant in New York, NY
    Current Employee - Assistant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Communal and all inclusive firm that translates its values to a personal and engaged client experience. Fiduciary's family environment supports personal and career growth of all its employees and this culture of commitment has attracted the top talent throughout the finance and law fields. The core of the organization consists of long standing and devoted staff who oversee its excellence while encouraging growth and inclusiveness as the way forward. Flexible rotational program allows for young talent to explore different branches of the firm to determine the best fit.

    Cons

    None to report- Fiduciary is a gem.

    Advice to Management

    Continue to act with loyalty and regard for all members of the firm.


  11. Helpful (2)

    "Stay away. Terrible management out to cover their behinds instead of furthering the organization."

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    None to write home about.

    Cons

    Lack of vision and growth. Smart, ambitious and hard-working employees are leaving left and right. The ones that stay are bogged down by work and lack of opportunities within the firm.

    Advice to Management

    Get rid of the dead weight.



Showing 14 of 15 reviews
Reset Filters