Manning & Napier Advisors Reviews in Fairport, NY | Glassdoor

Manning & Napier Advisors Fairport Reviews

8 reviews

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Fairport, NY

3.1
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William Manning
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8 Employee Reviews

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  1. Helpful (1)

    "Good Company,"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern - Hourly in Fairport, NY
    Current Employee - Intern - Hourly in Fairport, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Manning & Napier Advisors (Less than a year)

    Pros

    Enthusiastic people and good work environment.
    Employees committed to each others success.
    Convenient location compared to other investment management firms.

    Cons

    The culture is different between the two buildings but the culture I was exposed to was mostly positive.


  2. Helpful (4)

    "Great Co-works, Not So Great Managment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Fairport, NY
    Current Employee - Anonymous Employee in Fairport, NY
    Doesn't Recommend

    I have been working at Manning & Napier Advisors full-time (More than 5 years)

    Pros

    I work with some really great people.

    My direct Supervisor is usually pretty flexible when it comes to taking time for appointments, etc.

    The company is pretty charitable. They've also allowed employees to take 1 paid day to volunteer, per year (not a vacation day).

    I find there are opportunities for learning and person growth - whether its at the department level or the corporate level.

    The company has been profit sharing every year I've worked here.

    Cons

    No career growth

    Salary is low compared to other firms in the area

    Benefits are not great. High-Deductible healthcare plans, only a week sick time (7 days), max out vacation days at 5 weeks (25 days).

    Management is very stuck in their ways, making it extremely challenging to do our job effectively. They seem unwilling to listen to suggestions (they take things personally), and we end up with processes that are convoluted and result in projects taking a long time to finish. There is a lot of bureaucracy and office politics.

    Advice to Management

    Listen to your employees and empower them to make decisions. Stop working in silos and allow employees at all levels be part of the solution. Allow simple process changes to be implemented quickly to help alleviate day-to-day issues (delaying this tends to make the issue worse)

  3. "Sales support"

    StarStarStarStarStar
    • Work/Life Balance
    Current Employee - Fund Applications Specialist in Fairport, NY
    Current Employee - Fund Applications Specialist in Fairport, NY

    I have been working at Manning & Napier Advisors (More than 5 years)

    Pros

    Flexible hours and friendly co workers

    Cons

    Low salaries and limited upright mobility


  4. "Operations Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Reconciling and Performance in Fairport, NY
    Former Intern - Reconciling and Performance in Fairport, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Manning & Napier Advisors as an intern (Less than a year)

    Pros

    Flexible management
    Good learning experience
    They attempt to teach you as much about the business as possible

    Cons

    The work was a little bit monotonous, but that was just my opinion.


  5. Helpful (4)

    "Administrative Assistant"

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

    I worked at Manning & Napier Advisors (More than 10 years)

    Pros

    Great benefits. There are opportunities to learn, but that is no different than anywhere else. The facilities and equipment is up to date.

    Cons

    Extremely top heavy! Employees are sacrificed to protect upper management. Management is petty and driven to maintain 6 and 7 figure salaries. The management that feels guilty about the situation are afraid to say anything for fear of losing their own jackpot.

    Advice to Management

    Take one percent of your own compensation and distribute it to the rest of the employees. One percent of millions would go a very long way. I would also let them know that most people with the firm are aware of the situation but can not do anything about it. Two-thirds of the firm are loyal and hard working and greatly underpaid.


  6. "Great place to learn, salaries are low."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mutual Funds Group in Fairport, NY
    Former Employee - Mutual Funds Group in Fairport, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The investment style there is very solid, and a great place to get licensed and learn the ropes. Work-life balance is very good, as most of the people are gone from the office by 5pm daily.

    Cons

    The compensation is very low, unless you are one of the people that started the company. The disparity between upper management's pay and those who work for them is large. The Board is extremely conservative and makes it very difficult to pass initiatives for growth (new systems, etc).

    Advice to Management

    I believe if you made the employees feel more validated by increasing pay, you'd have better retention. You have a great deal of very smart and energetic folks there who actually enjoy working hard, but your compensation deflates the enthusiasm.


  7. Helpful (2)

    "Hardworking Environment geared toward a specific philosophy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern In Research in Fairport, NY
    Former Intern - Intern In Research in Fairport, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Manning & Napier Advisors as an intern (Less than a year)

    Pros

    The company offers a positive environment for individuals to take on as much responsibility as they require. Most decisions are made by upper-management, but there is no limit to express your opinions or investment ideas. I found the culture to be rather demanding while at work, but everyone to be friendly if you needed to ask questions or were looking for advice.

    Cons

    Location - Rochester area. Also, although you work in groups - very rarely do you feel as though you are collaborating on research projects.

    Advice to Management

    Good job. A bit more guidance for young professionals would also be beneficial.

  8. Helpful (1)

    "Overall, not bad. Little room for growth."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Client Consultant in Fairport, NY
    Current Employee - Associate Client Consultant in Fairport, NY
    Doesn't Recommend

    Pros

    Manning & Napier is a financially strong company.

    Cons

    The downsides of the company is supervisors who treat Micromanagement as an answer to increase productivity.

    Advice to Management

    Increase productivity by encouraging employees to be an active part of M&N's success.


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