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Financial Engines Reviews

Updated February 17, 2018
135 reviews

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2.8
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Financial Engines President & CEO Larry M. Raffone
Larry M. Raffone
58 Ratings

135 Employee Reviews

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Pros
  • Great work/life balance, very easy to work from a remote location or home when needed (in 17 reviews)

  • Very nice people working together to help people save for retirement (in 11 reviews)

Cons
  • I have not seen any good plan for career growth/training as of now, but I believe work is under progress (in 7 reviews)

  • We didn't aggressively modernize our tech stack over the years because it wasn't necessary to grow (in 6 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great financial planner opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President - Financial Planning
    Current Employee - Senior Vice President - Financial Planning
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    If you are an experienced financial advisor and are sick of the constant prospecting and being put in the position of selling commission products, you should consider Financial Engines. Great benefits package, salary plus AUM fees, steady lead flow provided by firm, FeeOnly Fiduciary providing comprehensive, goals- based financial planning. Also has rapid growth so plenty of room for advancement.

    Cons

    A bit of corporate micromanaging but genuinely love my job.

    Advice to Management

    Keepup the great work!


  2. "Making a difference for real people"

    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 Financial Engines full-time

    Pros

    - Making retirement real for the rest of the 99% of Americans
    - Leadership is trying hard to unify all locations to one unified company
    - Management actually cares about their people
    - Salary on the higher side
    - Great office perks like free drinks, snacks and coffee

    Cons

    - Sometimes is difficult booking a conference room

    Advice to Management

    -The new company strategy has employees excited for the future!

  3. Helpful (1)

    "Going Downhill Fast"

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

    I worked at Financial Engines full-time

    Pros

    Nice office, unlimited snacks & drinks, free gym membership.

    Cons

    This company went from a good company with great engineers to a terrible company with a lot of incompetent, ill-mannered engineers during the past few years. This company has been moving the tech stack to more modern technologies but the decisions as to what technology to use is made by senior folks with little reasons. Followed by that, you can ONLY use the software & technologies blessed by the senior folks. They do not care about you unless you are a senior level and they will not listen to you because they are so good. They will only hear anything from you if you bring a professional to support your reasons.

    And Financial Engines does NOT care about your future or your career growth, the management team has been moving around engineers and creating new engineering team frequently that does not project to the engineer's career growth. Said that, there have been frequent changes in the organization to lay off many employees and there was one which only a day notice was given; more than half of EVPs have been let go or left. The managers that are there are either good or really really really bad and the odd of getting a bad manager is much higher than 50%.

    As for the compensation, it is way below market's average in Silicon Valley.

    Advice to Management

    New CEO and COO. New Engineering Directors.


  4. Helpful (2)

    "This company not nice"

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

    I worked at Financial Engines (More than a year)

    Pros

    gives you a thick skin when you get fired

    Cons

    run by sociopaths and liars

    Advice to Management

    treat your people better


  5. Helpful (1)

    "Senior Software Engineer"

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

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

    Pros

    great idea to help people in retirement

    Cons

    not friendly environment, management isn't paying attention to employees


  6. Helpful (6)

    "ALL sales reps are called "Senior Vice Presidents""

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

    I worked at Financial Engines full-time

    Pros

    This is a sales firm and they are hiring sales people. You will not actually be providing help or advice to people. The title noted above is a hiring scam

    Cons

    A wonderful idea sold out to the lowest scum of the earth. Steer clear.

    Advice to Management

    give up


  7. Helpful (8)

    "Challenging times ahead"

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

    I have been working at Financial Engines full-time

    Pros

    Good benefits. Unlimited PTO policy. Nice office space across all locations. Has some big name clients like AT&T, IBM, Microsoft, etc. and enjoys a strong reputation with employers. Still one of the good guys in an industry where people will do anything to get more commission.

    Cons

    Definitely not the company it was under former CEO Jeff Mag. Has been steadily losing out to competition. Leadership in most departments is completely missing. There are innovations in small pockets within the company but most of that is ground up and happens mainly during hackathons. The company lacks personality and a true north star. They paid a lot of money to acquire Mutual Fund Store in the hopes of having a retail offering but that hasn't been that much of a success. In general it is hard to make out where the company is headed over the next 5 years.

    Advice to Management

    Maybe share more on what the path forward is over the next 2 - 5 years. Try creating a bottoms up culture as opposed to a top down culture.

  8. Helpful (7)

    "Not a great choice, and your experience is entirely location dependent"

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

    I worked at Financial Engines full-time

    Pros

    All office locations are well built out with decent perks.
    Mission of the company is admirable and I think that management really wants to see it through. Working in KC or SF can be a great experience, the leaders on site are well informed and care about their employees. KC/SF seem to have flexible work life balance...

    Cons

    Working in the Phoenix office is rough. There is no top leadership, or even close to the top leadership in the office. No flexible work life balance at all. When I was there, no emphasis was placed on personal development. I found many leaders unable to effectively communicate expectations which is a huge problem for everyone.
    More disturbing though, is the company seems unable to define what it wants to be... Is it a tech company or a finance company? Even fintech wouldn't properly describe them, as they aren't fully committed to the 'tech' part in a meaningful way anymore.
    Lastly, I am also concerned about the company's future. They are at a crossroads where their core competency isn't enough to maintain customers... Great decisions were made during the founding and that has worked out really well. Though, with competition mounting, and new entrants from all sides, I doubt they can evolve fast enough beyond their core competency to maintain customers.

    Advice to Management

    Phoenix desperately needs better leadership.
    Make a decision on what kind of company you are and go all in (tech, fintech, finance).


  9. Helpful (11)

    "This place is a career killer"

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

    I worked at Financial Engines full-time

    Pros

    Could have said people at one point in time but now no pros, seriously, none.

    Cons

    Like I said above this place is a career killer. The tech stack is the most outdated in the Valley. Ever since Mutual Fund store execs got a more prominent seat at the table, the new faces in management cannot be trusted. The Mutual Fund gang is on a mission to transform Financial Engines' culture to their own which means FinTech to NoTech. If you are someone who cares about engineering, product and innovation then do yourself and your career a favor by staying far away from this place. No matter how much money these people throw at you simply stay away because you are going to be miserable once you come in.

    Advice to Management

    Treat people with respect. There are many who have spent more than a decade at this company and the least you can do is show them some respect.


  10. Helpful (3)

    "If you need a job quickly, try this company"

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

    I have been working at Financial Engines full-time

    Pros

    Profitable company with a social mission. Good benefits. If you're a mediocre engineer, this is a great place to work. Company is expanding, so it's easy to get a job.

    Cons

    If you're not an engineer, or you're an engineer looking to excel and keep growing professionally, you can do better. Poor pay. Some indications that the company isn't doing as well financially as it used to.


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