Career framework hurt employee growth - Team Lead Envestnet Employee Review

1.0
Jul 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Work from Home option available

Cons

Recent career framework and designation changes have significantly affected employee morale. Many experienced leaders were moved to individual contributor roles which is like one or 2 level below the current role, that too after spending several years in leadership positions. Along with this people close to senior management received accelerated promotions. No effective communication and transparency through out the process except some townhalls sharing high level info, leaving many employees concerned about their career progression. Many employees also worry that the new IC designations do not accurately reflect their years of leadership experience and may make it more difficult to pursue leadership opportunities outside Envestnet.

Explore other reviews about Envestnet

5.0
Jun 18, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great culture and team. The new management is really good and are invested in our growth and lots of investment in technology and product. I see a lot of opportunities to grow.

Cons

Keeping the Chicago office would have been nice, understand most of the employee choose to work remote and no one is going to office that often.

3.0
Jul 20, 2026
Recommend
CEO approval
Business Outlook

Pros

Coworkers are smart and collaborative

Cons

Disfunction executive team. Employees are An after thought

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