They are stunting future asset growth by laying off talented, well trained FA's, then calling this cost cutting. JOKE!
Pros
Benefits, high base, independence, intellectual capital, research, name recognition, fair people on balance. Management opportunities for the willing politico, tough room. . . . .
Cons
Cut me one year to the day I started, 10-4-10----9/30/2011. I held a ticket to PS2 training in NJ Sunday, was let go Friday regardless of hitting bonus, goals, and had obtained series 65 and insurance license without much support unless I asked. Sales assistant was not REGISTERED. I had to do all OPERATIONAL WORK, SETTING UP ACCOUNTS, ALL PAPERWORK by trial and ERROR!!! No reason other than my Manager was told to cut me. A spreadsheet cut as I was ready to close some major deals. They re-assigned my large accounts to the biggest producers, scrape to the lions Not a thought of helping the $250-300,000 producer leveraged to the next level. Just feed the $2 and $1.5 million producer getting only 50% accounts stripped/reallocated the day one is let go. MS played the tax credit for hiring unemployed to the hilt, many others were cut 1 year to the day in 2010-12 for this tax credit!
