Envestnet reviews

Zero company loyalty which is, unfortunately, expected these days. However, Envestnet takes it a step further. Most employees are remote but are now starting to be required to return to the office. Recent round of layoffs was handled unbelievably poorly. HR sends the company a fake email to all employees to stay home due to various reasons (A/C not working, for example) because HR finds it easier to let their people go over the phone rather than have the respect and courtesy to tell the employees the horrible news to their face. Now, with multiple rounds of layoffs, people are scared for their jobs and morale is at an all-time low.

I worked at the Denver Envestnet office in an accounting role. To accept a role at Envestnet as an accounting professional will put you at severe risk of damage to your professional reputation. The accounting management is the true definition of toxic. These leaders have bred a culture of fear, shame and intimidation which leads to high turnover in the department and low morale. Meanwhile the CFO sits in Chicago completely unaware of the abuses of his direct reports in Denver. Envestnet’s accounting leadership is not just toxic but incompetent. The company does the worst job at integrating acquisitions of any company I have ever worked for. The accounting systems (technology) are a disaster and leadership applies outdated methods and processes as solutions thinking that it is correct or cutting edge when in reality they are just showing their lack of diverse experience in a modern agile company. The structure of the accounting department is one where even the best and brightest are setup to fail, and when you do fail, management will throw you under the bus and run you over as many times as possible. The company has a far left CEO who spends his time focusing on social justice issues instead of any real strategy in running the company. He creates a hyper charged political environment in the company which takes the focus away from the work at hand. He routinely donates company money to far left organizations and encourages employees to do the same. Conservatives and centrists are made to feel alienated at Envestnet under his leadership. He has made it clear that his far-left politics have a place in the company, and he intends to continue his divisive messaging. The stock price and performance of the company have floundered under his leadership. The company is lost and moving nowhere fast. Salaries are all over. Some people make too little, some are paid fair. I would advise anybody looking at accepting a job at Envestnet to take their desired salary and add 35%. You will earn every penny of it through the stress, shame, headache and humiliation that this company will cause you. I will end this review by saying that the culture at every Envesnet office is different and the culture within each department is different. My review is limited to the Denver accounting office. I am sure there are some jobs at Envestnet that would be wonderful and just fine. If you are looking to accept a job at Envestnet, I would make sure to do all of your diligence and be aware of what you might be getting yourself into. Ask the hiring manager why the job is open and see if they tell you the truth. Most likely the last person quit in a frustrated blaze of glory as most at Envestnet go out that way. The company has a way of pushing even the most composed professionals to the psychological brink.