Pros
Good place to get licenses and industry education Inside look at how a large wire house works Good research available Fairly easy to get hired based on the quality of other FAs I have met
Cons
Poor leadership - managers look out for themselves first! Poor support of new hires You pay all own expenses Understand you are required to generate your first years salary in revenue before making a dime in commission. You cannot achieve this just by putting clients into managed money programs. You have to sell high commission products - life insurance and annuities. Senior brokers prey on new brokers You can be let go at anytime even if you have money moving in that will make your numbers No admin support for new FAs Message is you are expendable!!! Expectation is you will have no life for 3 years to build your book Poor internal systems Not a teamwork based environment Unless you are being hired into a team and guaranteed thresholds to meet numbers, I would not recommend joining this company Still very much a 'good old boy' company; not female friendly