Hightower Advisors reviews

3.5

59% would recommend to a friend

(197 total reviews)
avatar

Larry Restieri

9% approve of CEO

57% positive business outlook

Hightower Advisors has an employee rating of 3.5 out of 5 stars, based on 197 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Hightower Advisors employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

197 reviews
2.0
Oct 12, 2018

Most dysfunctional place I’ve ever worked

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Your job changes so much you have no choice but to learn multiple functions - If you can survive the stress, great place to learn a lot and then parlay it into a job ANYWHERE else - Depending on department, genuinely cool people at manager/associate level - Compared to wirehouses, majority of advisors are relatively nice

Cons

- Turnover is insane. Directors and managers quit quite often, resulting in associates becoming directors in practice - Turnover is completely ignored. Instead of working to curb the problem, mgmt simply places nonqualified individuals into elevated positions, those people burn out and it starts the cycle over again - Entire company is focused on new deals. Once deal is closed, could care less to upgrade home office to support the boost in advisors - Truly unsure of company vision. Each department feels completely separated and working towards different goals. I barely know the names of people in other departments

1.0
Nov 21, 2019

Shut It Down

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The people you're working with at the lower levels are all incredibly hardworking and dedicated. Solid, good people.

Cons

Literally everything else. 1. Management is so deeply disconnected from their teams they think tossing a happy hour on the calendar is equivalent to year-round support and proper compensation and work-life balance. That's basically what your happiness is worth to them, an afternoon offsite with no purpose that they aren't even personally paying for, once or twice a year. Take that money and get me up to a median base salary instead. 2. Management would rather hire someone Director level and above for you to train rather than actually finding out what your job is and giving you someone on the ground level to help take some of your load of. Less support, more work. Bonus points if that person quits within 6 months and you get to do it again. 3. Speaking of your job, it's taken a decade for job descriptions to even be determined as necessary. AKA if something needs to get done, you're just going to handle it. Forever. 4. Once you're handling all these jobs (lots of one-offs) you can never take a sick day or a vacation because you're the only person at the company aware of it/aware of how to do it since there is no cross-training happening. Not even your manager knows how to handle your daily tasks, so if you're out of the office you have to handle it all if/when you come back. 5. Despite all this responsibility (generally much more than your pay grade should allow) your manager likely doesn't find you capable of growing into a better role. There are managers who have taken zero time to learn about your daily responsibility, yet make the judgement that you're not working as hard/well as you need to be to excel. The irony is, of course, that you wouldn't know how to because you're working 10 hour days and you have absolutely no goals or parameters for excelling even if you had time to.

1.0
Nov 16, 2018

Dysfunctional and degrading but could have a bright future

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

+Company has great potential, particularly with new senior management and new personnel being brought in for the next phase with new THL private equity owners

Cons

-Turnover and talent attrition at all levels is truly staggering, and it seems that there is no recognition or action taken to recognize the habitual patterns and try to curb the problem. There are departments that with regularity for years and years now can’t retain team members for longer than 6-12 months and where quite frequently people have just quit the department and left. -Plenty of fancy titles to go around in corporate segments, just about everyone has a “Head of ________” but no work or results of practical value to show for it, this also creates siloes where groups and people don’t work cohesively as they all try to work on their own “plot of land” rather than with one another for broader team or organizational goals & strategy. -Seems that very little attention or evaluation has been given to ensuring that HighTower has the right people with the right skills and experience for roles at the company, at all level top and mid-level in particular. -Groups don’t work well together, trust is low, collaboration is poor, siloes and fiefdoms have ruled for quite some time. This is the first company I have ever worked at where quite literally nobody will share their calendars with one another so that you can have an awareness of what your colleagues have going on any given day/time. -Disjointed, disorganized, confused mess of a firm, hasn't decided what kind of organization it wants to be with any degree of discipline. It is constantly reorganizing its departments and causing confusion and chaos it has no vision or clear set of priorities.

Viewing 4 - 6 of 197 Reviews

Glassdoor has 251 Hightower Advisors reviews submitted anonymously by Hightower Advisors employees. Read employee reviews and ratings on Glassdoor to decide if Hightower Advisors is right for you.