Manning & Napier Advisors Reviews | Glassdoor

Manning & Napier Advisors Reviews

Updated February 18, 2017
40 reviews

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Full-time Part-time

3.0
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William Manning
4 Ratings

40 Employee Reviews

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  1. Helpful (1)

    "Good Company,"

    Star Star Star Star Star
    • 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 (5)

    "Managing director"

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

    I worked at Manning & Napier Advisors full-time (More than a year)

    Pros

    Rochester is an economical place to live

    Cons

    Lack of overall talent. Dictatorship run by egomaniacal founder who openly calls his top management and portfolio managers "monkeys". Pay is below average. Hours are above average. And management team lacks vision, focus, talent and intelligence.

    Advice to Management

    Sell the firm.


  3. Helpful (4)

    "Great Co-works, Not So Great Managment"

    Star Star Star Star Star
    • 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)


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  5. "Not the greatest"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Accountant in Rochester, NY
    Former Employee - Corporate Accountant in Rochester, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Manning & Napier Advisors (More than 3 years)

    Pros

    Decent pay, decent managers, some flexibility in working hours

    Cons

    Management doesn't seek staff input. Management lacks leadership training and aren't held accountable for poor personnel management

    Advice to Management

    Start bottom-up reviews to weed out managers bad for the company's culture


  6. "First job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Growth Team in Rochester, NY
    Former Employee - Growth Team in Rochester, NY
    Doesn't Recommend

    I worked at Manning & Napier Advisors full-time

    Pros

    It is a reputable firm with established processes and shows you many different parts of the investment management industry. A good place to start a career but offers limited advancement to those brought in to be developed internally.

    Cons

    Managers and managing directors have incredibly limited latitude and were not welcoming to new employees. Executive management runs the company and watches every nickel

    Advice to Management

    Culture is key. Compensation is below market for the industry but average for the region, don't exploit this use the company's roots to get back to a private company atmosphere.


  7. "Sales support"

    Star Star Star Star Star
    • 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


  8. "April 2016"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Rochester, NY
    Current Employee - Account Manager in Rochester, NY
    Recommends
    Positive Outlook

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

    Pros

    The company is making efforts to change the culture for the better.

    Cons

    Part of the growth phase where all the people that made the company what it is are either gone or on the way out.

    Advice to Management

    Fight for the resources needed to compete in the competitive landscape. The financial position the company is in is a competitive advantage. It should be a no brainer to provide your employees with the necessary tools for the firm and those employees to succeed. Very disappointing


  9. "Research Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Associate in Rochester, NY
    Former Employee - Research Associate in Rochester, NY
    Recommends
    Neutral Outlook

    I worked at Manning & Napier Advisors full-time (More than 3 years)

    Pros

    Great people to work with, lots of younger employees. They will promote you fast if you deserve it, you can reach associate in 1-2 years, senior associate in 2-4 years, and analyst in 5-6 years. Cost of living is so cheap in Rochester compared to NYC or Chicago, you can ball out as a research employee on the base salary alone, then there is a $30k subjective bonus

    Cons

    The office kind of operates like a middle school cafeteria


  10. Helpful (1)

    "Salary"

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

    Pros

    The office space is clean and good

    Cons

    Senior management does not care about junior level employees

    Advice to Management

    A little bit of encouragement to junior team members helps in building team morale


  11. Helpful (4)

    "Administrative Assistant"

    Star Star Star Star Star
    • 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.


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