1.0
Mar 4, 2013
Recommend
CEO approval
Business Outlook
Pros
I think there are some genuinely good people who work here. Like other wirehouses, this place has the full slate of products for the retail investor.
Cons
As soon as they lured me from another firm, they forgot about me. Then, when I only attracted 2/3 of my clients from the previous firm, they swiftly cut my payout to 25%, then 20%. In addition, as an advisor, they paid for nothing aside from the inducement, yet expected me to run my business on the 25% of gross commissions they allowed me to keep. The business model is broken. The technology is terrible, and this company is no better than Merrill Lynch or Morgan Stanley or any of the other dumps that take clients' money to line their own pockets. Don't walk from this place...run!