Russell Investments Reviews | Glassdoor

Russell Investments Reviews

Updated June 7, 2017
216 reviews

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Full-time Part-time

3.0
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Russell Investments CEO Len Brennan
Len Brennan
89 Ratings

216 Employee Reviews

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Pros
  • Work-life balance, good size company to gain broad experience across multiple areas (in 32 reviews)

  • Great benefits, smart people, and supportive of work/life balance (in 19 reviews)

Cons
  • Lots of stress with stagnant compensation; becoming increasingly political as senior management has forgotten legacy core values (in 10 reviews)

  • Now that LSE has carved off the profitable index division, the flaws in the asset management business have no place to hide (in 7 reviews)

More Pros and Cons

  1. "Good work-life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Analyst in Seattle, WA
    Current Employee - Senior Financial Analyst in Seattle, WA
    Neutral Outlook

    I have been working at Russell Investments full-time (More than 10 years)

    Pros

    People, job flexibility with option to telecommute in certain business units, benefits have diminished over the years but still fairly competitive,

    Cons

    Uncertainty with new ownership has caused moral to become a bit lower, loss of key benefits due to lower cost strategies


  2. Helpful (1)

    "Good outlook"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seattle, WA
    Current Employee - Anonymous Employee in Seattle, WA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Russell Investments full-time (More than 10 years)

    Pros

    Associates have a great focus on clients

    Cons

    Commute to Seattle is difficult

  3. "Great experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seattle, WA
    Current Employee - Anonymous Employee in Seattle, WA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Russell Investments full-time (More than 5 years)

    Pros

    Supportive team with significant depth of resources, freedom to research topics of interest independently for clients, working with one of the most insightful teams of investors in the world that combines the talent of strategists, actuaries and investors in a single investment shop.

    Cons

    Recent improvements in global processes have put a damper on morale, recent communication from senior leadership has focused more on financial results than why clients invest with us, which is a mistake.

    Advice to Management

    Senior leadership needs to continue to engage the teams working closest with clients to ensure our work is in service of client needs so this company continues to thrive.


  4. Helpful (8)

    "Stay Away...You've Been Warned...You'll Thank Me Later...You're Welcome."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Operations Analyst in Seattle, WA
    Former Employee - Investment Operations Analyst in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Russell Investments full-time (More than 3 years)

    Pros

    Beautiful office building with open floor plan and many fancy meeting rooms.

    Superb location, particularly when using public transportation, since the metro station is across the street. Pike Place is within walking distance for lunch or happy hours.

    Looks good on your resume, so you can land a solid job afterwards.

    Cons

    Little formal or informal training for junior level positions (sink or swim...mainly of the sinking variety), which is precisely when you need it.

    Co-workers will look to stab you in the back, make you look bad, or set you up for failure just to move up the ranks, which doesn't really even happen.

    The type of work you do is repetitious in nature and the tedium kills any ounce of joy or creativity you may have brought with you from college and previous roles.

    People don't like when you raise concerns, have questions, or in other words do your job...organizational inertia is strong.

    Hours are brutal.

    Traders and Portfolio Managers are on balance: rude, impatient, and irrational. They are treated like royalty and are never implicated when they mess up, which happens more frequently than they, or anyone, would like to admit. However, there were a few good ones amongst the sea of bad ones (though word on the street is that many have moved on or were moved on). I am not entirely sure if the people turned out this bad as a result of the rotting culture or they are just those that have succeeded in those particular roles (self-selection). In all likelihood it was a strong dose of both.

    The Asset Management segment of the business was purchased by a Private Equity firm, TA Associates. Needless to say, they have been slashing costs, to the tune of $60 million per year (going on the second year), without regard for the impact on moral, company culture (which used to be a phenomenal), and work loads (which were already stretched). Furthermore, since the deal (purchase of the company) was done using a high degree of debt (leveraged buyout), the firm owner's (TA Associates) has no choice, but to continue to slash costs if they want to have enough cash to make those hefty interest payments. Supposedly, TA Associates "plans" to hold Russell Investments as a foundational asset in a new fund for somewhere between 5 and 7 years. If that is case, I'd stay away until that sale goes through.

    Oh and finally...compensation is mediocre for the role, area and industry. Wages are frozen even if you're promoted and insurance premiums skyrocketed (this goes back to the whole cost cutting thing), so don't get sick. But don't worry, they are keeping the bonus pool nice and fat.

    Best of Luck!

    Advice to Management

    Russell's management are just puppets, as they are owned and controlled by an outside company--TA Associates.


  5. "Benefits"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Manager in Seattle, WA
    Former Employee - Product Manager in Seattle, WA
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Russell Investments full-time (More than 10 years)

    Pros

    Very good benefits and people

    Cons

    Company in transition with layoffs


  6. Helpful (4)

    "Cost Cutting is the new Motto"

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

    I worked at Russell Investments full-time (More than a year)

    Pros

    Pay, depending on the position
    Transit pass provided

    Cons

    Everyone I worked with said this was at one time a great place to work. Those days are long gone.
    Layoffs are happening en masse and those who are left, get double or triple the workload.
    Work/life balance is a horrible joke do to this and 10-12 hour days are the norm
    The support side (IT) has been gutted and their workload is only going up.
    Medical benefits were cut at the start of the year are now horrible for the Seattle market.
    Pay rates are frozen, bonuses have been cut and will continue to be.
    Morale is crap due to layoffs and workloads
    I would avoid this place at all costs until at least 2018 when the smoke has cleared (if it's still there)

    Advice to Management

    Just sell the company already while there's something left to sell.


  7. Helpful (4)

    "Wish I could give a better rating"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Seattle, WA
    Former Employee - Manager in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Russell Investments full-time (More than 5 years)

    Pros

    Still has a high reputation within the financial services industry

    Cons

    a cost-cutting culture has been in place for a while now, making the organization very lean... to lean in terms of staffing

    Advice to Management

    People are your greatest asset, you need to realize there are limits to what even the best employees can do

  8. Helpful (1)

    "Investment Division associate"

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

    I have been working at Russell Investments full-time (More than 8 years)

    Pros

    Good vacation time once you have been there for 5 years

    Cons

    you cant take vacation because the firm is massively understaffed

    Advice to Management

    try and keep talent. Fire underperformers without the fear of losing a backfill


  9. "good place"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Seattle, WA
    Current Employee - Associate in Seattle, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Russell Investments full-time

    Pros

    i liked this place, it was fun

    Cons

    nothing really to complain about

    Advice to Management

    good stuff


  10. "Responsible for major projects in matrix based organization"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager Souring and Procurement in Seattle, WA
    Former Employee - Senior Manager Souring and Procurement in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Russell Investments full-time (More than a year)

    Pros

    None This company had no long term prospects other than a sale. They are not focused on any long term benefit

    Cons

    Scorch the earth mentality. With no long term benefit. Any opinions to the contrary are dismissed and blocked from senior manangers

    Advice to Management

    Look for the long picture not short term gains


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