E1 is a Chop Shop - Portfolio Manager E1AM Employee Review

1.0
8 Oct 2021
Recommend
CEO approval
Business outlook

Pros

E1 Asset Management, Inc. was a chop shop that managed to keep a decent-looking office on a floor on Wall Street for a few years before it shipped back out to New Jersey. The whole story is written between those end pages.

Cons

Everything. The people there (going down from Itin and Shaikh) weren't interested in giving excellent financial advise to clients. They certainly didn't churn their accounts, but they weren't against pressuring the whole firm to lean heavily on the favored stock of the week/month.

Explore other reviews about E1AM

4.0
12 Nov 2013
Recommend
CEO approval
Business outlook

Pros

Culturally diverse. Open floor plan.

Cons

Constant employee turnover. No real goal for the company's future/growth (too much "living for the moment").

1.0
12 Jul 2010
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Generally very flexible hours. Lots of downtime: back office workers spend a good amount of their day studying for school, surfing the web, preparing for interviews, etc.

Cons

The owners of the firm are so reluctant to spend money they wouldn't even spring for Antivirus software. Salaries for all positions are far lower than industry average. The brokers get a VERY poor compensation deal. After leaving this firm, I was doing the same job at another firm for 2.5x times my salary at E1. The company has roughly 50 odd people and has had, by a senior employee's estimate, over 2500 employees come through the doors and left in its 12 years of business. When people leave the firm, co-workers are very happy for them, as if they had just escaped from prison.

2
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