1.0
Feb 13, 2016
Recommend
CEO approval
Business Outlook
Pros
Strong intellectual baggage. Good people up to the level below senior management. Good story for the financial advisory community (e.g. high quality conferences for advisors).
Cons
Weak leadership, in particular from the new generation (e.g. new co-CEO / co-CIO). Too much centralisation from the head office in Austin, Texas. No transparency in promotions. No transparency in total compensation. Story does not add up for the institutional community (e.g. markets are not efficient).