Addepar reviews

3.9

65% would recommend to a friend

(252 total reviews)
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Eric Poirier

80% approve of CEO

69% positive business outlook

Addepar has an employee rating of 3.9 out of 5 stars, based on 252 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Addepar employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.7 stars).

Reviews by job title

252 reviews
4.0
Aug 13, 2023
Recommend
CEO approval
Business Outlook

Pros

- Incredible options for career progression and learning, with plenty of interesting challenges and areas to become an SME. - Internal mobility is common, lots of movement between teams that is seen as healthy and a way to retain institutional knowledge. - Good compensation progression, especially after 2-3 years and for high performance (can double salary) - Exciting long term prospects for the firm and decent equity ensures everyone is an owner. - Good post-Addepar exit opportunities into wealth management, product development, tech startups - Excellent management, teamwork, collaboration on Services (1/3 of company)

Cons

- Lack of 401(k) match but lots of money spent on meaningless perks like SnackMagic boxes, clothing, (taxable) $300 AirBnB gift cards. - Increasingly siloed teams, meaning client-facing teams must hack together fixes for product gaps and overselling, while product fixes are often reactive instead of proactive. This causes burnout. - HR plays lots of politics/games with compensation budgets, making it hard to set fair comp expectations as a manager. - Equity grants are all over the place, with some junior ICs having more equity than their managers who have been at the firm for 3-4 years.

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Addepar Response
2y
Thank you for taking the time to write a review about your time at Addepar. It’s great to hear that you value our global flexible workforce model, unlimited PTO, and competitive compensation. Your feedback is appreciated and will certainly share it with our leadership team. If you have any additional thoughts or feedback, please don’t hesitate to contact our People team. Thank you for all of your contributions to Addepar. We wish you well in your future endeavors.
3.0
Dec 23, 2021

Egos fly

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Is it FinTech or Wealth Tech? Addepar was born out of Silicon Valley by none other than the board chairman that created a self-serving solution to manage his private wealth. You have to hand it to him; he spun a hobby into a full-blown business. After a decade and many funding rounds, Addepar exists as a contender leaving its mark with the big boys on the street. There is lots and lots of enthusiasm shared by those that worked in the Financial Industry. They were miserable dealing with antiquated cultures, technology stacks, and people for a good reason. I believe Addepar will succeed, there will be a tail of destruction, but it'll achieve at any cost.

Cons

It started with a "stick it to the industry" approach to develop a seemingly novel way to manage wealth, hiring some brilliant individuals to do something neat. When that didn't work, the strategy shifted to hiring the miserable, the old-fashioned, and the worst personalities from the street firms to run a mock of things. And that's just it; the success formula is to maintain the status quo. Keeping that will make this company successful, so be prepared to deal with passive or aggressive management, individual contributors that catcall and use choice words to describe management, and so on. Maybe even retaliatory behaviors at the senior leadership level trickle down to the rumor mill. Then, there is the geographical location issue, you may start with a starry-eyed perspective or be part of an office that feels like a graveyard, and the people in NYC know this. By the majority, they'll treat their colleagues with every permutation of bias that makes things less-than-cordial, often labeling and using euphemisms to explain the cultural norms, stopping at nothing to one-up practically anyone.

5.0
Jun 30, 2014
Recommend
CEO approval
Business Outlook

Pros

The team consists of some of the most driven and intelligent people I’ve ever met. The combination of smarts and drive is rare and seeing a group of these individuals driving towards the same goal is an amazing sight. It was nice to be dedicated to such a mission-driven organization, especially a mission that you can actually live with. Trying to change an opaque and inefficient industry which almost brought the world to its knees in 2008, versus building another photo messaging app. Which would you prefer to dedicate your life to? Indeed, I drank the Kool-Aid and loved every moment of it from day one. The office was a very intense environment, but having respect and actually caring about the people you work with definitely made for better communication. Meetings would get intense and though you may not agree with every decision made, things were always fine minutes later. Especially when you realize opposing ideas were generated by individuals just as dedicated to the mission / team as you. People produced. All the time. 3:30am on a Saturday morning? Data reconciliation going on, engineers hopped-up on Red Bull still going at it. There were always people in the office no matter the hour or day. I was constantly surrounded by my teammates, whether in the office, or the numerous off-hour activities. Just couldn't get enough of the people there. Hikes, bike rides, bars, etc. There's always something going on, or another teammate with some unique hobby pitching it to you. Typical start-up perks. Anything that's needed to help you focus on your core work, will be provided. Food, laundry, living stipend, etc.

Cons

Typical start-up hours. It can consume your life if you don't have the discipline to lead a life away from work. In the past, there were lots of issues with communication. People were running so fast with their projects, not enough time was spent communicating or taking a step back for a higher-level overview. So in a sense, wheels spun. There were also cultural and communication break downs between the build-side of the organization and the sales-side. The few corporate reshuffles have addressed it in some way. Eric, the CEO, is an AMAZING addition. Top notch leadership on both a professional and personal level. You can't help but love the guy and go marching for him. Unfortunately the same can't be said for the COO / President. While the company did need to grow up, we didn't need any Oracle culture injected into it overnight. And that was the feeling whenever I had to work with her. But it's not all bad. On many if not all of the projects overseen by the COO, she did produce but at the expense of professional relationships and sometimes cultural damage. She's results-oriented as she should be, and has proven herself in the past. Hopefully she does the same at Addepar without ruining too much of the culture. Base compensation doesn't compare with most other companies in the area. The expectation is that equity makes up for it.

Viewing 10 - 12 of 252 Reviews

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