Pros
1) MSSB paid for Series 7 and Series 66 2) Experience life in Corporate Shark Tank 3) Access to MSSB analysis 4) Powerful Name 5) Good benefits
Cons
1) Cut Throat and Back Stabbing Culture 2) Lack of transparency regarding time table; MGMT reneged on time table 3) You are on your own. Can not trust MGMT or Senior FAs. Everyman for himself mentality. MGMT says has amnesia about past conversations. Can not trust MGMT 4) Only way to succeed at the FAA role is having having family money or have extensive list of close friends who are millionaires 5) Business model is to bring in new FAA, use FAA's contacts to close business, give FAA a small % of commission on his leads, then kick FAA out the door when all contacts on his list have been worked 6) MSSB provides no leads or old clients to manage 7) Senior FAs are very predatory and promise the world but will not sign partnering contract before closing FAA's prospects