Russell Investments Employee Reviews about "private equity"

Updated 29 Dec 2020

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3.8
65%
Recommend to a Friend
68%
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Russell Investments CEO Michelle R. Seitz
Michelle R. Seitz
50 Ratings
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Reviews about "private equity"

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  1. "Great company now just mediocre"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Russell Investments full-time for more than 10 years

    Pros

    Smart associates, good products, very profitable

    Cons

    Senior Management, private equity ownership

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  2. "analyst at Russell investments"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Analyst in Auckland, Auckland
    Recommends
    Positive Outlook

    I have been working at Russell Investments full-time

    Pros

    Lots to learn. global team. very smart people.

    Cons

    Flat structure. private equity owners try cut costs. limited exit opps.


  3. Helpful (1)

    "Private equity flip"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Portfolio Manager in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Russell Investments full-time for more than 3 years

    Pros

    Used to be a firm with a soul, which was nice. It was a good business.

    Cons

    Firm is nothing but a private equity flip. Its all about the bottom line.

  4. Helpful (1)

    "Many different opportunities to learn about the investment industry and how it functions."

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Securities Operations Analyst in Seattle, WA

    I have been working at Russell Investments full-time for more than a year

    Pros

    Great exposure to multiple aspects of the investment industry. Trading, portfolio management, research, consulting etc. Good vacation time.

    Cons

    Owned by a private equity firm. Working from home isn't completely supported even though it could be.

  5. "The team, clients and work are real strengths"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Approves of CEO

    I have been working at Russell Investments full-time for more than 5 years

    Pros

    The quality of the team. The collaborative culture of the organisation. Breadth of capabilities keep the role interesting. Global capabilities, though still learning how to leverage these well. If harnessed properly these would be a superpower. Great clients who we get to properly partner and advise on all sorts of interesting issues. History of innovation, make sure not to lose it at the expense of short term. Entrepreneurial style.

    Cons

    Current asset management conditions combined with private equity ownership can mean tough decisions are being made around focus and prioritisation. Global teams are doing their best to collaborate effectively but downside of this is late night/early morning calls and always being "on" Flat structure helps with the collaborative/collegiate environment but can mean harder for associates to see where next.

  6. Helpful (5)

    "Great people, challenging ownership structure"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Russell Investments full-time for more than 10 years

    Pros

    Russell Associates are of much higher caliber than what you will find at most asset management firms. Russell traditionally hired really smart people. Russell is a good place to start right out of college. It is a great learning environment and younger associates will have lots of opportunities for building new skills and competencies. The work environment is professional and respectful.

    Cons

    Russell Investments private equity ownership structure has taken a significant toll on the organization. Readers should go online and research what a typical private equity-owned asset experience is like before joining. With the current private equity ownership, there is very limited compensation or career upside for mid-to late-career associates. Continuous cost and headcount reductions pressure work/life balance.

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  7. Helpful (2)

    "Culture change"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Russell Investments full-time

    Pros

    There are still plenty of talented and professional people working at Russell Investments.

    Cons

    The change of ownership to a private equity consortium has resulted in a complete culture change, significant cost-cutting and rolling lay-offs. Morale has fallen and many associates are disengaged and disoriented.

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  8. "Struggling in the last year years"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Melbourne
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Russell Investments full-time for more than 10 years

    Pros

    5 days extra days leave per year, some nice non-cash benefits and generally nice people.

    Cons

    Losing marketshare and relevance. Spent two years working through ownership, which was a big distraction. Large variable remuneration affects how some senior people behave. Private equity ownership has meant lots of embarassing penny pinching.

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  9. Helpful (1)

    "Portfolio Manager"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Portfolio Manager in London, England

    I have been working at Russell Investments full-time for more than 5 years

    Pros

    Great culture and opportunity to work with very smart people.

    Cons

    Lots of change with current private equity ownership. Can be slow to progress. Haphazard management.

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  10. Helpful (12)

    "Stay Away...You've Been Warned...You'll Thank Me Later...You're Welcome."

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Investment Operations Analyst in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Russell Investments full-time for more than 3 years

    Pros

    Beautiful office building with open floor plan and many fancy meeting rooms. Superb location, particularly when using public transportation, since the metro station is across the street. Pike Place is within walking distance for lunch or happy hours. Looks good on your resume, so you can land a solid job afterwards.

    Cons

    Little formal or informal training for junior level positions (sink or swim...mainly of the sinking variety), which is precisely when you need it. Co-workers will look to stab you in the back, make you look bad, or set you up for failure just to move up the ranks, which doesn't really even happen. The type of work you do is repetitious in nature and the tedium kills any ounce of joy or creativity you may have brought with you from college and previous roles. People don't like when you raise concerns, have questions, or in other words do your job...organizational inertia is strong. Hours are brutal. Traders and Portfolio Managers are on balance: rude, impatient, and irrational. They are treated like royalty and are never implicated when they mess up, which happens more frequently than they, or anyone, would like to admit. However, there were a few good ones amongst the sea of bad ones (though word on the street is that many have moved on or were moved on). I am not entirely sure if the people turned out this bad as a result of the rotting culture or they are just those that have succeeded in those particular roles (self-selection). In all likelihood it was a strong dose of both. The Asset Management segment of the business was purchased by a Private Equity firm, TA Associates. Needless to say, they have been slashing costs, to the tune of $60 million per year (going on the second year), without regard for the impact on moral, company culture (which used to be a phenomenal), and work loads (which were already stretched). Furthermore, since the deal (purchase of the company) was done using a high degree of debt (leveraged buyout), the firm owner's (TA Associates) has no choice, but to continue to slash costs if they want to have enough cash to make those hefty interest payments. Supposedly, TA Associates "plans" to hold Russell Investments as a foundational asset in a new fund for somewhere between 5 and 7 years. If that is case, I'd stay away until that sale goes through. Oh and finally...compensation is mediocre for the role, area and industry. Wages are frozen even if you're promoted and insurance premiums skyrocketed (this goes back to the whole cost cutting thing), so don't get sick. But don't worry, they are keeping the bonus pool nice and fat. Best of Luck!

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