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Kayne Anderson Rudnick Investment Management

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Kayne Anderson Rudnick Investment Management Reviews

3.6

42% would recommend to a friend

(10 total reviews)

Allan M. Rudnick

43% approve of CEO

57% positive business outlook

Reviews by job title

10 reviews
2.0
6 Aug 2017

Advisor

Recommend
CEO approval
Business outlook

Pros

- Very diligent in controlling any message that goes out to clients and business partners - Multiple layers in place to catch errors and double check accuracy - Free lunch every day prepared by a professional chef - Allowed to run autonomously from their parent company Virtus - No micromanagement and the appearance of a very laxed management structure - Strong emphasis on personal relationship with clients - Willing to go the extra mile to provide a higher level of service

Cons

- Women make less then men. - Claims open architecture environment for investment solutions but tends to favor under performing in house products over outside ones with very few best of breed products in house. - Multi layered fees by using mutual funds in wrap accounts. - Achieved high ranking of Barron's top 100 RIA listing through manipulation of assets under management by including institutional wealth advisory assets. - Multi-layered work flow environment is designed to catch errors but also hinders efficiency and timeliness. A single trade takes several hours to achieve. Several weeks to open a new account, fund and invest client assets. - Each strategy is model driven and the portfolio manager gives no regard to the pricing of each security upon investment implementation. No attempt is made to dollar cost average into investments - Performance reports given to clients are calculated as gross and not net. This means they include their own management fee as a client withdrawal. This a poor representation of value added. - Heavily weighted in small cap and energy sectors - Will cherry pick information presented to each individual client so that it presents the firm in the best possible light - Minimal training on internal systems and consists of no formal process. Internal system riddled with one-off scenarios and "gotcha" situations - Severely behind the times by > 10 yrs on software for investment management and portfolio asset allocation tracking - Very reliant on a Salesforce database that was poorly organized for most client information.

2.0
25 Jan 2013

a valuable experience - kayne anderson rudnick

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

you get paid lunches everyday and paid parking

Cons

outdated systems makes it hard to work efficiently (mind numbingly slow) 1 shared Bloomberg terminal bad management structure with no accountability non-competitive salaries no career growth or personal development programs low bonuses

1.0
11 Dec 2018
Recommend
CEO approval
Business outlook

Pros

Chef prepared food, Stocked kitchen, nice location across the mall

Cons

Let me clarify first. I was a short timer, I bailed out before the ink on my offer letter dried up. Many reasons for that: 1. The client services “management” had "some" idea of what needed to be done, but had no idea on how to improve the process. This company has monolithic, stone age policies, procedures and workflow, unfortunately the supervisor ended up being just a cry wolf, escalating things without taking the time to think. 2. I was shown a process that had a document worth the pages of an entire notebook and about 60-70 steps in that, fortunately having worked in another similar firm I knew there was no thought put in how things "should" be done. 3. The firm had gone through an accounting system transition and that hadn't gone well, people doing the work were left with cleaning up the mess while the senior management enjoyed vacations and conferences. The Senior managers were there to take control of the situation and really understand and work through the problem, but pass it off to the team to deal with it, in fact, they tried to avoid the problem by pretending to be in other important meetings when there were serious issues going on, they were Nuuk only looking for an update on if the thing was fixed. 4. I had a one on one meeting with the management chain and right away I knew talking to them that I had made a bad choice, this place was not for me. They were proud of the fact that the company had such a complex process, they almost flaunted the number of pages of the documents and how someone had spent a month writing it. Dude, focus on making it simpler and better and not be proud of the mess, I think that's Management 101, but I don't think anybody gets that there, not certainly the people I met in my brief tenure, I decided to bail out right then and there, within a couple of days I put down my papers and moved on to something better. It still gives me nightmares and I pity people who are actually struggling there, that's one reason turnover is so high in the Operations group, its a revolving door.

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