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AdvisoryWorld Financial Technology

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Not a Good Place to Work - Anonymous employee AdvisoryWorld Financial Technology Employee Review

1.0
15 Nov 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

In Carlsbad, CA Easy WiFi password Plenty of parking Plenty of cubicles to choose from (if you had a choice... which you don't) Brewery in the same parking lot Will motivate you to find a better job

Cons

Hopefully I can provide a review of this company (as a former employee) that will assist future prospective employees in helping make their choice. I could go on a rant with expletives and bashing, but I'm going to try to keep it simple, listing out facts, and hopefully answering questions before you decide to apply for a position here. AdvisoryWorld is a company that has been in business a long time and clearly has the ability to stay in business. It was founded many years ago by the current COO's father. The public face of the company is someone who has worked no where in the financial industry (other than this company), by someone who has no experience being an employee at a financial firm (other than this one), and by someone with no experience managing a business or people (other than this one). The Carlsbad office is in constant flux. I'm not sure if there is even a true LA office anymore. Employees in Carlsbad tend to last anywhere between 3 months to a year before leaving. In general, from talking to other former employees, everyone leaves for the same reasons: 1. Hostile work environment 2. Micromanagement 3. No process leading to bad work conditions There is no full-time HR department. And the job of HR seems to do not much more than officially put in writing the demands of upper management. The benefits package is extremely expensive and not all that great (the later being my opinion, not necessarily a fact). Make sure you get any benefit information in writing and signed off on. The holiday schedule was (maybe still is) comical, as we didn't even get all bank holidays off. If I'm not mistaken, there is no law in the U.S. for companies giving holidays to employees. I believe we received New Years Day, Memorial Day, Independence Day, Thanksgiving Day, and Christmas Day. Hopefully that is improved by the time you're reading this, but that was it. Project Management is all but nonexistent. There is no experience (prior to this company) with project management, no experience in the financial industry, and no experience with software development. The people you work with could be (and usually are) good people. The problem is, the turnover is so high, no one sticks around long enough. And for the people left behind, one message is clear from upper management: it's not the companies fault that someone left, it's obviously something or someone else. Lunchtime... forget about it. I won't even get into detail. Just make sure to ask during your interview what the policy is on lunch. It too was/maybe is still micromanaged. Hopefully after reading this, you'll come to understand that you do NOT want to work at this place. However, if you are desperate for a paycheck, please just ask these simple questions during your interview process. 1) What is the management hierarchy? Whom would I report to? Would I ever directly report to upper management (i.e. VP level or above)? 2) What is your policy on breaks? Am I allowed to go at any time that works best in my schedule? How long can I stay out? Am I allowed to go out on my lunch break, but bring food back and eat at my desk as long as it doesn't interfere with my duties? Are my bathroom breaks kept track of? 3) How many people have there been in the job I'm applying for in the last 2 years? (If it's a "new" position, ask how many employees have left the company over the last 2 years). 4) What release process do you have? How are project timelines affected if requirements change mid project? 5) Do you have actual requirements documentation for projects? How are requirements determined? Is it ad-hoc? 6) What hours am I allowed to work? i.e. Can I start at 6AM and leave at 3PM? Can I work at home? If so, how often? What sort of notice is needed? Can I get that all in writing? While I have some opinions in here (the place really is a nightmare), I hope I was able to deliver a review based mostly on simple, factual points. If you disregard everything, which is fine, at the very least, take to heart the 6 questions above. Please keep them in mind when interviewing. Lastly, in regards to some "5 star" reviews on this company. I question the authenticity, and some of the things mentioned are a bit of a stretch. * "alot of potential to grow". No evidence of that. Love to know what is meant by that. Employees who have been there for extended periods of time have held the exact same title forever. Company financials are not disclosed with anyone. So not sure where this comes from * "The company is growing at a really great clip and all of us are working together to keep things on track" A different 5-star review. Growth apparently is being pushed, albeit, not seen. * "laid back work environment where taking the initiative is rewarded" False. Not laid back at all. Micromanaged lunch policy, leaving early, even for family events, is scrutinized, you can't dress casually (not that you should be able to, but laid back tends to suggest that), you get yelled at weeklyfor __fill in the blank__, ... * "There's a full kitchen and lunch is brought in monthly". Fridge, Microwave, toaster oven, and sink. Sure, it's a kitchen, and it suffices, but don't expect there to be any paper towels. And I dare you to ask what the lunches are which are brought in. It's a forced lunch where everyone must attend in the conference room and eat Jersey Mikes. So not false, but really? This is a perk? * "that doesn't have all the strict regulations of a huge corporation" Has this person every worked at a 'huge' corporation? I've never worked anywhere as strict as this place because the 'regulations' are just edicts from the top down. * "But management is working on processes to ensure communication improves and to make sure everyone gets the support they need". First of all, there is no real management. Which processes exactly are they speaking of? Communication at AdvisoryWorld is either being yelled at, being told you're doing a crappy job, being told you're missing deadlines you never agreed to, or whispering to other colleagues to find out if they got that 2nd interview at some other company.

AdvisoryWorld Financial Technology Response
9y
Thank you for providing us with your feedback; I wish that you would have indicated any of this information to me prior to you leaving the company as I would have done everything in my power to have corrected things while you were here. I am sorry that your time at AdvisoryWorld did not match our intention of being a great place to work. I’ve worked hard to create a company where team members are valued and given the resources to succeed. I make a concerted effort to seek feedback and connect on a personal level with all employees and to ensure that we have a fun, dynamic and caring workplace as we continue to grow at such a rapid pace. While our average employee tenure is more than 8 years, we’re doing our best to ensure that new members of the team can hit the ground running by being given the foundation and resources to succeed. We continue to provide top-notch PPO health, dental and vision insurance to all employees. We also now have 2 lunch meetings per month during which I seek feedback and get a chance to connect on a personal level with all employees; I hope that this helps foster a fun, dynamic and caring workplace. We continue to provide top-notch PPO health, dental and vision insurance to all employees. We have recently brought in a consultant to help optimize inter-office workflows and collaboration; teams are working more efficiently than ever and office “high-fives” are at an all-time high. If you would like to share more about your experience please email vcoble@advisoryworld.com so that we can schedule some time to talk. Thank you again for your feedback, it helps us make AdvisoryWorld a better workplace. Best of luck in your new role.

Explore other reviews about AdvisoryWorld Financial Technology

5.0
24 Oct 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I've worked at AdvisoryWorld for a couple years now and my experience is much different than some of the other reviews here. AdvisoryWorld is a smaller organization with alot of potential to grow. It's a laid back work environment where taking initiative is rewarded. I enjoy the workspace which is located in North Country San Diego. There's a full kitchen and lunch is brought in monthly. I'm so happy I found a company that doesn't have all the strict regulations of a huge corporation, but allows me to succeed at my role. I highly suggest this company for anyone who has dedication and drive for success in their career.

Cons

As with any growing company there are always hurtles with new employees joining on and making sure everyone is communicating efficiently. But management is working on processes to ensure communication improves and to make sure everyone gets the support they need.

1
AdvisoryWorld Financial Technology Response
9y
We appreciate your feedback and I'm happy to hear that all of the efforts that we've put forth to help each other grow are paying off. Please let me know if there is anything I can do to continue to help improve your AdvisoryWorld experience.
5.0
5 Jul 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The company is growing at a really great clip and all of us are working together to keep things on track. We've got a really knowledgeable client base and I've learned a lot about the finance industry while working here. Management is always open to helping me when I need to work from home to watch the kids or a day off here and there.

Cons

Just like any company I've worked for, communication can be a bit of a struggle from time from time. That said, we've recently started a series of bi-weekly gatherings that are helping. To battle the commute I've started coming in a little bit earlier which is ok given the large East coast tilt of our client base.

3
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