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Edelman Financial Engines

Engaged Employer

Edelman Financial Engines reviews

3.3

48% would recommend to a friend

(482 total reviews)
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Ralph Haberli

22% approve of CEO

44% positive business outlook

Edelman Financial Engines has an employee rating of 3.3 out of 5 stars, based on 482 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Edelman Financial Engines employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

482 reviews
2.0
Apr 23, 2015

Lacks Transparency

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- The company hires great people for the most part. - Depending on your supervisor/manager you can work flexible hours - Work/Life Balance is great - They have a few random events throughout the year including: > "Dress Down Day" - Where you can wear jeans for one day > "Glop Day" - The company brings in ice cream and toppings > "Stress Down Day" - Work usually stops at Noon or 1pm and you are encouraged to participate in team building games etc > Various other small holiday events - Food is usually brought in for these - The company really does value the client and will always do whats best for them. It feels good knowing you're not just shoving products down peoples throats.

Cons

- It seems the company is positioning itself for a sale or something similar. In the past year or so they have added incredible amounts of management. - The company prides itself on transparency to clients but does the complete opposite with its employees unless you are management or a planner. There is absolutely no transparency when it comes to compensation. The company gives the entire client service department the same raise regardless of performance and bonuses are not to be expected. Additionally, they seems to intentionally like to keep the Client Service Associates out of the loop. Planners have weekly meetings and consistently emerge from their meetings explaining that changes are coming but they can't tell us what. Then we usually find out a few weeks or months later. Or if you are ever involved in an incident report, the CSA's name gets attached to the report and kept permanently potentially impacting your annual review, however unfortunately only managers and planners have access to view those reports so you have no idea what is being said of your involvement in the incident and get no opportunity to appeal whatever is written. - Little to no career development exists. I have heard people being told that if they want to become a planner at Edelman they would be better off going to Fidelity or something similar for a few years and then come back. - The work can be very tedious and it becomes very difficult as your workload increases significantly as the years go on but your pay only increases 3% per year. On the other hand, Planners pay increases exponentially and they are earning 4-10X your salary but work less and less. - 401k match is low for the industry (3% if you contribute 6%) - No tuition reimbursement or assistance obtaining professional designations regardless of how beneficial they are to your job or supposed career path. - Medical/Dental benefits are ok but nothing to write home about

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Edelman Financial Engines Response
11y
Thank you for your thoughtful review. We believe in hiring great people like you and treating our clients well. We are glad you agree. You are right – we have increased our management team. That’s because we’ve experienced significant growth over the past several years, and we want to make sure our firm continues running as efficiently as possible so we can continue providing quality financial education and services to our clients while offering a supportive environment for our staff. We understand your concerns about transparency and career development. That’s why we recently hired an Internal Communications Specialist to improve communication with employees across the company, a Compensation Consultant and we’re in the process of hiring a Director of Training to expand career development opportunities for employees. I’d like to address your concerns about compensation and benefits in person. If you’d also like to discuss this further, please feel free to contact me at 703-818-0800.
5.0
Apr 15, 2015

Specialist

Recommend
CEO approval
Business Outlook

Pros

401k match Free financial planning Nats tickets at the diamond level Flexible schedule (depending on dept and manager) Market average salaries or better Secure buildings Pretty modern equipment

Cons

Depending on dept, can be hard to know who has final say on things Change is slow but possible Arbitrary office vs. cube assignment (or seemingly) No free soft drinks (but free coffee and stuff)

Viewing 424 - 426 of 482 Reviews

Glassdoor has 514 Edelman Financial Engines reviews submitted anonymously by Edelman Financial Engines employees. Read employee reviews and ratings on Glassdoor to decide if Edelman Financial Engines is right for you.