Pros
Company is honest to a fault. Their index products are very low fees and arguably have better exposure to the market factors that produce outsized returns over time. It is run extremely efficiently, a lean company, and costs are cut ruthlessly to ensure investors pay low fees.
Cons
Not a good place to start work if you have ideals for change and want to make significant impact. Not entrepreneurial and discourages creativity. Financial advisers were recently over-hired and so there is lack of meaningful work to go around. Portfolio management is a misnomer, call it glorified operational management doing repetitive tasks. Salaries are below industry average, especially at the portfolio management level or post-MBA level (150k). Bonuses effectively nonexistent. Nearly impossible to advance to middle management without an MBA.
