Financial Engines Reviews | Glassdoor

Financial Engines Reviews

Updated February 7, 2019
158 reviews

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3.4
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Financial Engines President & CEO Larry M. Raffone
Larry M. Raffone
78 Ratings

Employee Reviews

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Pros
  • "Great work/life balance, very easy to work from a remote location or home when needed" (in 18 reviews)

  • "Nice office space across all locations" (in 9 reviews)

Cons
  • "They talk the talk, but don't walk it Since Mutual Fund Store was acquired by Financial Engines - it has really been a mess" (in 7 reviews)

  • "Ever since Mutual Fund store execs got a more prominent seat at the table, the new faces in management cannot be trusted" (in 7 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (2)

    "FinTech Growth Company"

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

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

    Pros

    You are rewarded for your hard work
    Awesome culture
    Competitive pay
    Great benefits package
    You own your career path

    Cons

    The most recent acquisition/merger has created some unknowns, but I firmly believe that FE will continue make decisions that are in the best interest of their clients and employees, alike.

    Advice to Management

    Continue to be advocates for your employees. Continue to actively listen to the feedback provided by your employees and take appropriate action.
    Continue to learn from past “mistakes”.
    Continue to be willing to grow/develop as this will only encourage growth/developement from your directs.
    Continue to lead by example.


  2. "Intern"

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

    Pros

    Nice people, good culture though a bit corporate-y

    Cons

    interns are not kept very bust

  3. Helpful (1)

    "Nice Company to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer
    Former Employee - Software Engineer
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Financial Engines full-time (More than 5 years)

    Pros

    The company cares employee with sincerity. It often does employee's surveys to seek improvement in all possible ways. The severance package is very reasonable.

    Cons

    No time is left for self improvement even if self improvement is encouraged.


  4. Helpful (2)

    "Technical skills needed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Analyst in Sunnyvale, CA
    Former Employee - Portfolio Analyst in Sunnyvale, CA

    I worked at Financial Engines full-time (More than 3 years)

    Pros

    Smart people applying technology to investment management. I am a sucker for that combination, and Financial Engines has that in its DNA.

    Cons

    The firm's original idea was providing institutional quality at low prices to everyday investors. Increasingly, they moved away from that original mission.


  5. "Solid Company"

    StarStarStarStarStar
    Former Employee - Senior Analyst
    Former Employee - Senior Analyst

    I worked at Financial Engines full-time

    Pros

    Good culture and generous PTO

    Cons

    Tries to move too fast


  6. Helpful (4)

    "Management greed won out."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Individual Contributor
    Former Employee - Individual Contributor
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Financial Engines full-time (More than 8 years)

    Pros

    Nice employees and snacks, drinks.

    Cons

    Horrible management, greed has won. Company original mission doesn't match current actions. Value for customer has not increased in years and fees far exceed value added. Your retirement nest egg will be far less due to high fees charged.


  7. Helpful (8)

    "A lot of change, 401k niche dried up"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Phoenix, AZ
    Current Employee - Financial Advisor in Phoenix, AZ
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Financial Engines full-time (More than a year)

    Pros

    They dominate the 401k money management market share. Decent base pay compared to a Vanguard.

    Cons

    No other big plans they are bringing in the door and they push to retail by buying The Mutual Fund store and merging recently with Edelman. Current branches are filled with used car salesman and can’t provide “holistic” financial planning as they claim. Edelman could be different we shall see...

    Advice to Management

    Get some better advisors and you will close business. Market place in retail very competitive and they are slowly realizing that.

  8. Helpful (5)

    "Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Phoenix, AZ
    Former Employee - Financial Advisor in Phoenix, AZ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Financial Engines full-time (More than 5 years)

    Pros

    Decent pay and benefits if you are desperate for employment. Provides professional management for retirement assets regardless of the size of the account.

    Cons

    Toxic culture and leadership since the company merged with The Mutual Fund Store. Company does not have the leadership, tools, or resources to keep up with the large financial institutions like Schwab and Fidelity. There is no work life balance. They don't care if you have a family.

    Advice to Management

    Treat the employees with respect. If you are going to create a sales culture, provide the advisors with better tools, resources, and bonus compensation.


  9. Helpful (1)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Financial Engines full-time

    Pros

    Good people with a singular focus to help employees prepare for retirement

    Cons

    Always chasing the silver bullet

    Advice to Management

    Focus


  10. Helpful (11)

    "Investment Advisor"

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

    I worked at Financial Engines full-time (More than 5 years)

    Pros

    There really aren’t any. Literally all employees talk about is how much they dislike the company and how badly they want to quit.

    Cons

    Extreme micromanagement. Just a poisonous typical corporate environment. If you’re in the Phoenix office your job title will be “investment advisor” but you don’t actually do any advising, you’ll just read information off your computer and submit leads to advisers out in the field. That’s all you’re there for, submitting leads for a few dollars. It’s a basic call center job

    Advice to Management

    Need real management with true sales experience, not supervisors that micromanage and track people’s activities. A robot can accomplish this