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Fortigent, LLC Reviews

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3.4
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Jamie McIntyre
11 Ratings

24 Employee Reviews

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  1. "Engineering"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    I worked at Fortigent, LLC full-time (More than 3 years)

    Pros

    Best Team and Management, best technology and tools

    Cons

    Nothing to say, all are pros


  2. "Fortigent WAS good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Analyst in Laurel, MD
    Former Employee - Senior Financial Analyst in Laurel, MD
    Approves of CEO

    I worked at Fortigent, LLC (More than 8 years)

    Pros

    great family culture, good work-life balance, open door policy

    Cons

    no promotion opportunity, kept employers uninformed on major acquisition

  3. "Company closed"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    excellent working environment, good work life balance

    Cons

    the company closed as closed by LPL financial


  4. Helpful (1)

    "This is what fin-tech start ups should be like."

    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

    Pros

    Extremely intelligent individuals. People here are driven, experienced, friendly, but most importantly are willing to impart wisdom.

    Cons

    Pay is below the industry standard. There appeared to be low upward mobility during my time at the organization.

    Advice to Management

    The company is no longer a singular entity as it has been acquired by LPL Financial. Fortigent RIP.


  5. Helpful (1)

    "A lot of change since the acquisition by LPL"

    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
    No opinion of CEO

    I worked at Fortigent, LLC full-time

    Pros

    With acquisition more opportunity to look for other positions.

    Cons

    Too much change and reorganizations. Senior management not supportive of employees. LPL wants to be an employer of choice but not sure they can with the constant change, no support for employees, difficulty to advance and lack of vision or guidance for advancement. Managers are not strong in management skills.

    Advice to Management

    Provide management courses on how to manage teams and be a leader and mentor.


  6. "Short Dream"

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

    I have been working at Fortigent, LLC full-time

    Pros

    The staff are mostly great at what they do. Just be yourself and you'll fall into or find your circle of work besties.

    Cons

    Things are a bit unknown at the moment. As the integration of Fortigent and LPL continues there will be major changes, that may be hard for people to cope with but on the upside it looks like LPL will give options to anyone affected by the changes.

    Advice to Management

    Good luck with the changes. Most of you I'm sure will do well!


  7. "Fun company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Wealth Consultant in Rockville, MD
    Former Employee - Associate Wealth Consultant in Rockville, MD
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Fortigent, LLC full-time (More than 5 years)

    Pros

    Learned a bunch and had a lot of fun, enjoyed getting direct access to senior execs. Lot of hours at times but worth it for the experience.

    Cons

    Hours, old leadership recently left the firm. Not a lot of comp upside which has driven many talented mid-career employees out.

    Advice to Management

    Keep up the good job with the culture and figure out what the future looks like.

  8. "Some Positives, some negatives"

    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
    No opinion of CEO

    I worked at Fortigent, LLC full-time (More than 3 years)

    Pros

    The people that work here are as nice as can be, not one person I didn't like in the office. Never got bothered or micro managed and had a flexible schedule. Having snacks in the kitchen was definitely a nice benefit too.

    Cons

    Very weak pay. Consistently paid 15-20% less than industry averages. Upward mobility is also limited.

    Advice to Management

    Plenty of people coast through their days, plenty work very hard. Spend a greater amount of time figuring out who deserves higher pay and reward them, plenty of talent has left the last couple years.


  9. "A company in transition, in an industry in transition to online service"

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

    I worked at Fortigent, LLC full-time (More than a year)

    Pros

    Smart people, personable, merging with larger parent corporation. Opportunity to influence a larger more staid development team. Incredible growth opportunity if they expand their software service offerings to institutional investment providers (banks) and their base of accounts explodes.

    Great automated continuous build process. Centralized code sharing and compilation-test makes it easy to share with other developers. Automated user interface test is not up to speed yet.

    Dot Net shop, with a C#, VB, MS-Server, Knockout.js, AutoFac stack. Uses SVN/Tortoise and GIT/Tortoise repositories as required for different storage. Parent company wants to go to Agile.js

    Cons

    Merging into new parent company. Converting into silos of development as the team expands and the projects increase. Despite the paen to Agile development, the process is fairly loose, and the higher levels of Agile organization are slight. This may be changing, but there is going to be a large learning process before the different silos operate together with capable leaders for each team. All this may become futile if the organization is subsumed in the much larger parent company (LPL Financial), that acquired them two years ago and is now merging development processes across the extended company.

    The financial reporting software that Fortigent has been existing on is at once complex and at the same time limited to reporting. Hence there is an effort to grow it by extending it to support institutional accounts and limited trading. This expansion of the scope of their business to trading, brings in another level of complexity. I was surprised that the reporting software Fortigent provides is at the same time exalted and considered novel in the outside world. Doesn't everyone offer this level of reporting? But that is their market niche.

    The Fortigent subsidiary is not, to my knowledge, making money. This leaves them less leeway with the parent company, and makes it more likely that some or all of the parts will be co-opted into the LPL organization if they stumble, or fail to expand profitably.

    There are about 25 personnel in the development team. The core team is small. Perhaps 10 key experienced personnel, including the CEO and managers. Several senior developers have left over the last year, making it hard to pick up the pieces and offer a smooth continuation path. Due to the team size, there tends to be one or two talented individuals in any particular category.

    Some of the tools are dated. Two small monitors per developer. Please. There is some small amount of Test-Driven-Design (TDD). The unit testing is good but not total. Committing source code can 'break the build' which will end up hung up for everyone until the source code is fixed. But that's because the source code is so large that it can't be tested locally in time for a quick turn. This is being addressed by spawning test blocks onto local computers to reduce the unit test cycle time. But a better test-before-merge function might help here. Or break the project into smaller pieces.

    It is up to the individual to keenly track what is going on and to stay on top of things.

    Advice to Management

    You are bringing in a lot of people. You will need to make a better effort at integrating them into the team, and bringing them up to speed on the S/W stack and business model. Its not clear that the new silo-ed teams have enough

    Because of the small team and fast process there may be little feedback to employees. I could see this going on with other people around me as I left, and hope management pays attention to it if they want everyone to succeed.

    The parent company's practice of off-shoring low level business processes is ultimately destructive to maintaining a technical capability nearby, in the US, and they will loose potential customers if they send formerly internal jobs overseas. As Jaron Lanier puts it 'the siren server tries to accumulate all the money, but it can't without destroying the environment itself'.

    The other half of Fortigent's business is selling investing advice. If the market is random and unbiased, then every model will return the same expected result. If it is biased with insider trading then someone is benefiting when they should not be. I don't believe much in the 'favored investment manager' idea, but others may want to buy in to that idea.

    Oh, and keep away from the Dark Pools, when you decide to trade, I hear they are gamed ('Flash Boys').

    And the unspoken threat is, as Jamie said, the online no frills investment house with the generic ETF and cut rate mutual funds - because the advisors can't beat the market in the long term.


  10. Helpful (2)

    "Abrasive and arrogant environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous, Operations in Rockville, MD
    Current Employee - Anonymous, Operations in Rockville, MD
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Fortigent, LLC full-time (More than a year)

    Pros

    A good entry-level place to start, but definitely not a place to stay beyond a year or so...

    Company has the spirit of a tech startup.

    Cons

    Most decisions are made behind closed doors, and most job/advancement openings are filled silently because someone pitched it directly to a decision-maker.

    There's no infrastructure for advancement on merit if you do not play the office politics; each unit and team within the department has been crafted to elongate the promotion process. This explains the lack of transparency even among the teams within a unit of the department.

    Company culture exhibits temperament and dynamics of a tech startup, but when it comes down to it, the business is really boring. Department culture reinforces "these are your superficial goals, now go work like a drone." Senior employees mismanage teams and take advantage of the bureaucracy that has been set up.

    Advice to Management

    You market agility to customers, apply it to your own organization. The pay structure definitely needs to be realigned with the Washington metropolitan demographics.


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