Wealthfront Reviews | Glassdoor

Wealthfront Reviews

Updated December 16, 2018
33 reviews

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4.4
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Wealthfront President & CEO Andy Rachleff
Andy Rachleff
11 Ratings

Employee Reviews

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  1. Helpful (1)

    "mission- and data-driven team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data in Redwood City, CA
    Current Employee - Data in Redwood City, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wealthfront full-time (More than 3 years)

    Pros

    People care about the mission of the company and the management is transparent. You will work with very high-quality people.

    Cons

    Not everyone is excited about fintech


  2. Helpful (2)

    "Great product and mission, questionable middle management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Positive Outlook
    Approves of CEO

    I worked at Wealthfront full-time

    Pros

    Strong product
    Great mission and vision
    Good growth

    Cons

    Weak middle management, particularly in engineering and product management

  3. Helpful (2)

    "Great product, stellar team, in a bit of a rough patch"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wealthfront full-time

    Pros

    - Great tech culture. Lot of opportunities to learn and grow working on cool projects.
    - Killer product. Senior management is determined to ship only amazing, delightful, valuable products.
    - People are fantastic across every department.
    - When the market's hot, the bottom line soars.

    Cons

    - When the market's not doing as well, morale dips. Unfortunate that that aspect of culture is tied to something out of the company's control.
    - Can sometimes burn people out by working them too hard or on things they don't want to in order to keep the company on track to exit.

    Advice to Management

    Listen to your people and keep them happy!


  4. Helpful (3)

    "Solid company, A+ engineering team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wealthfront full-time

    Pros

    Wealthfront has one of the best engineering organizations of all the companies I've been at. I joined a few years ago as a new college grad and I was immediately blown away by not just the level of engineering talent but also the fantastic engineering culture. As an engineer, you are expected to take on leadership roles in every cross functional project and you'll learn not just how to become better technically but also be a much more effective leader. Wealthfront takes good engineering practices very seriously and our CTO has been successful at keeping the organization aligned to those principles. As a result, test coverage is very high, the CI/CD pipeline is top-notch (code to production in half an hour!), all infrastructure is defined as code etc.

    You'll also get to work on very complex problems at the very heart of the financial system, and it's invigorating that every project you work on has a huge impact (a system you write could very well cost legacy banks/brokers millions of dollars a year to operate).

    Regarding adoption of new technologies, I have to disagree with some previous reviews. Having gotten the chance to work on multiple teams and having touched most parts of the stack from physical infra to frontend, I'd say that Wealthfront's choice of technologies values factors such as stability, reliability, size of technology's community, switching costs, and pragmatism over factors such as merely how new or cool that technology is. If by switching to a new technology that has unclear gains over the existing one but will incur a large time cost on the organization, then staying with existing tech is the obvious choice. That said, if a technology has real value we've been readily embracing them. There are a bunch of exciting new technology projects going on right now which will involve the whole engineering org.

    Cons

    Need to pick up more on hiring because given the number of projects and initiatives being pursued, the team is stretched a bit thin. But i'm optimistic that with the new changes from engineering leadership things will look up soon.

    Advice to Management

    Execs should make it easier for rank and file employees to provide them with feedback (like check-in with those at the bottom of the pyramid every once in a while to hear feedback directly)


  5. Helpful (6)

    "Once a promising star past its prime"

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

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

    Pros

    The development environment is the heaven of the engineers. The code is well-architected and thoroughly-tested, and you can run everything offline. The TDD and CI/CD make you super productive, you can basically write the tests, implement your code, run tests locally to make sure it behaves as expected, submit your PR, get it approved, and let the systems do the rest. If everything goes well, your code will be in production in 30 minutes.

    Most of the engineers are from top schools. If you are a new graduate you will learn a lot in the first few years.

    Cons

    The production environment is so outdated. Most of the services, except data infrastructure which is the only cloud-native one, run on dedicated servers so you can't use anything AWS or GCP.

    On-call is a nightmare. On average you get paged once or twice a day, no matter it is office hours, midnights or weekends, and you are expected to fix that immediately since they are either user-facing or money-related.

    If you are experienced engineers join as E4, basically it will be the top of the ladder since E5 or above is only for oldtimers or insiders. The leadership team created some guidelines and rules, for example, promotion criteria and expected tenure in each level, however, you also keep seeing exceptions. When these exceptions don't happen to you, you know you are not the insiders.

    Advice to Management

    Be honest and transparent about unreal valuation and unpractical trajectory in the past few years. Respect the employees that can't or don't wanna wait and reimburse their lost, and reward the ones that are still willing to stay with you.

    Issue RSUs instead of options, otherwise you take advantage of the employees. Most of them can't afford to exercise even just the vested options.

    Embrace new technologies and modernize the production environment. Don't hire industrial veterans if you don't listen to them. Give employees the career path to grow, even for the senior ones.


  6. Helpful (20)

    "Brilliant engineers, terrible management"

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

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

    Pros

    - Engineering team is astoundingly good. The set the example for what all engineering teams should aspire to be - talented, motivated, and diverse.
    - You will learn the ins and outs of finance and banking, for better or worse (be prepared to learn how very old banks are in their approach to technology).
    - Free food!
    - Excellent Customer Service team that is the epitome of calm and relaxed, especially when dealing with customers who are sensitive about their money.
    - Sits right on the train tracks, so the commute is easy-ish
    - Very young and high energy employees
    - End of year reward for hard work.

    Cons

    - The CTO is scared of technology and refuses to listen to the subject matter experts that he hires. He insists things be done in a very late 90's manner.
    - Speaking of the CTO, don't expect to actually receive any useful feedback or even talk to him. He prefers to speak through other people and is incapable of managing anyone directly.
    - Expect the CEO and CFO/COO to talk a lot about respect in the workplace, then watch the CEO berate employees in front of everyone, typically using very abusive language.
    - You will most likely have a TERRIBLE manager. Don't worry though, they will be failed upwards fairly quickly and you will be re-organized under a new and equally terrible manager, unless you are lucky enough to get the ONE good manager.
    - No raises.
    - No path for promotion.
    - If you are not promoted within a certain amount of time, you are fired.
    - There is no set time frame in which you should expect to be promoted or any goals to focus on for promotion. Either you are liked by the execs and your manager, or you are not. There is no half way.
    - Employee reviews are not based on your skillset or impact on the company, but rather if people like you or not. Employees will blatantly lie on your reviews to keep you from earning a possible end of year bonus.
    - There is a single bonus for your team that is given out to a single person at the end of the year. Refer to above statement about reviews to determine who gets the bonus.
    - Don't bother applying if you are not a recent college graduate, unless you are applying to be an executive, in which case you should expect to be fired by the CEO after 1 year.

    Advice to Management

    Fire your CTO and hire someone who embraces technology. Implement raises and give people a career path.


  7. "Great perks"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wealthfront full-time

    Pros

    The food is always catered and the people are fun To Work with

    Cons

    Sometimes the hours can be long

    Advice to Management

    Smile more and relax

  8. "Great company, awesome people"

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

    I have been working at Wealthfront full-time (Less than a year)

    Pros

    I love Wealthfront's client-first mentality! The people are fun to work with and really passionate about growing the company. My ideas and feedback are valued by my team and I also appreciate the level of transparency we get from leadership. I am inspired by all the exciting and new ways in which the company is growing.

    Cons

    Nothing I can think of


  9. "Innovative Company With A Very Bright Future"

    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 Wealthfront full-time

    Pros

    People at the company are both very intelligent and friendly. The company is also spearheading innovation in the robo advising industry, so there's always exciting work to be done.

    Cons

    None I can think of

    Advice to Management

    Love the transparency, keep it up!


  10. Helpful (21)

    "A great idea wasted by technical incompetence and cronyism"

    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 Wealthfront full-time (More than a year)

    Pros

    Product is seemingly working.
    New office looks great.

    Cons

    Tech management is clueless to a point where it's downright dangerous for the business. Decisions are made based on personal beliefs and not empirical evidence.
    Lots of outdated knowledge and practices.

    Advice to Management

    Fire your CTO, hire someone who does not base his decisions on practices from 1996.
    Do some marketing because Betterment is eating your lunch.