Wilshire Associates Reviews | Glassdoor

Wilshire Associates Reviews

Updated June 26, 2017
71 reviews

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3.0
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Wilshire Associates CEO and Chairman of the Board Dennis A. Tito
Dennis A. Tito
44 Ratings

71 Employee Reviews

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Pros
  • Wilshire manages to get great people on staff, and innovative work gets done there despite systemic obstacles baked into the company (in 7 reviews)

  • Great location, smart coworkers, Santa Monica (in 6 reviews)

Cons
  • No 401K match, no help with CFA or grad school costs, low raises and bonuses, etc (in 11 reviews)

  • Very low pay, and no 401K match (in 10 reviews)

More Pros and Cons

  1. "Great view but transient"

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

    I worked at Wilshire Associates full-time

    Pros

    Beautiful offices and ocean view of Santa Monica beach

    Cons

    Turnover is high and great place to get some experience with well known company, ideal for young college grad


  2. "Bottom of the industry."

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

    I worked at Wilshire Associates full-time (More than 5 years)

    Pros

    There is an opportunity to work with many intelligent people.

    Cons

    Where do I start? First of all the benefits aren't great. No 401K match, no help with CFA or grad school costs, low raises and bonuses, etc. Upper management either doesn't care or is completely unaware of the fact that most employees in the firm are grossly underpaid. Unless you are a managing director or above, you're probably making significantly less than you're actually worth. Also, the reward for hard work is...more work. Bonuses and compensation are relatively the same for across the board, regardless of work ethic and contribution to the company. There is a lot of turnover. Much more than the industry average. Upper management will continue to beat the "there is a lot of opportunity here" drum, but realistically, there is very little unless somebody at the top decides to leave, which is rare. This is a place to get some decent experience and move on to a better company.

    Advice to Management

    Try and take some of the focus away from their own compensation and look at the rest of the company. There is a reason this place has so much turnover.

  3. "Benefits"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Santa Monica, CA
    Current Employee - Anonymous Employee in Santa Monica, CA

    I have been working at Wilshire Associates full-time (More than a year)

    Pros

    No cost HMO health/dental to employee (only)

    Cons

    There is no 401k match offered


  4. "Terrible Management and CEO"

    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
    Disapproves of CEO

    I worked at Wilshire Associates full-time

    Pros

    Great location, smart coworkers, Santa Monica!

    Cons

    The CEO treats the business like a dividend-producing bond, and not as something to invest in with a view to the future. Terrible politics.

    Advice to Management

    The CEO needs to sell out and let new leadership take this company where it could go.


  5. Helpful (5)

    "Full of Great Ideas and Smart People, But Perennially Unwilling to Adequately Fund Their Efforts"

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

    I worked at Wilshire Associates full-time

    Pros

    Wilshire manages to get great people on staff, and innovative work gets done there despite systemic obstacles baked into the company. Wilshire is a great résumé entry, given that you will probably learn a lot.

    Cons

    Wilshire does not believe in providing adequate infrastructure to their thought leaders; projects are typically started with a skeleton crew of staff members thrown at the task with little preparation and minimal funds. Employees are typically poorly-paid at junior levels; even at senior levels, compensation is not competitive with other financial advisors. Employee turnover is distressingly high, meaning there is a constant need to re-train incoming staff, which wastes valuable time. Benefits are good, but no 401(k) match?! That is just being cheap. Upper management is unconcerned about loyalty to employees.

    Advice to Management

    Take care of your employees. Spend money wisely. When you promise service to clients, fund the efforts adequately.


  6. Helpful (5)

    "Donald J. Trump has a higher approval rate than Wilshire's CEO - Enough said!!!"

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

    I worked at Wilshire Associates full-time (Less than a year)

    Pros

    You get to work with many talented people for around 3 years (they usually leave or get laid off after 3 years).

    Cons

    0% of profits goes into R&D (for those employed at W for 10+ years, that stands for Research and Development). 100% of profits goes into shareholders' pockets.

    Advice to Management

    Put clients satisfaction above paying for Dennis J. Tito's eccentric life style. Grow a pair!!!


  7. Helpful (1)

    "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Santa Monica, CA
    Former Employee - Senior Associate in Santa Monica, CA
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Wilshire Associates full-time (More than 3 years)

    Pros

    Great location and a lot of great people worked there. Can't beat the beautiful every day weather in Santa Monica!

    Cons

    Company ownership remains a big issue and the good employees are not always valued. Cash bonuses can be sizable but only get paid out at the end of the year.

  8. Helpful (2)

    "Great Company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great staff to work with

    Cons

    Not a lot of cons..


  9. "Interesting & Challenging"

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

    Pros

    Get to work with smart people.
    Lots of autonomy and chances to step up.
    Hard work and achievement is recognized.

    Cons

    Benefits not market.
    can be limited room to move up after a certain level.

    Advice to Management

    Ensure that there is appropriate input into employee evaluations so that slackers are not rewarded.


  10. Helpful (3)

    "Sr. Associate"

    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
    Disapproves of CEO

    Pros

    This is a stable company, so far. Has been around through the downfall of the stock market and the ups and downs of the economy. Great view from office location.

    Cons

    Not Employee friendly. Main concern is money in their pockets. No matching 401k. No paid parking. Raises are not based on merits but a formula that spits out almost the same outcome almost every year.

    Advice to Management

    Take care of your employees and you will see long term growth of the company instead of the diminishing clients and high turnover. Try to boost moral specially when you are doing lay offs almost year after year.


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