-Zero training whatsoever across the firm. This was evident every single day I worked here, getting anything done internally was a constant fight against errors and lack of ownership across any group/seniority. Also, for the caliber of employee that they attract, more than the normal training is necessary (this can be attributed to pay, location decisions, and hiring manager qualities.
-I have never seen a workforce less connected/invested in a company and a company. Combination of quiet quitters there for a paycheck and extreme disconnection of management. If they let go of under-performers, they’d never be able to organically fill the vacant seats.
-The quality of advisors that the firm supports is very poor with few exceptions. Being PE owned growth at all costs makes sense, onboard a clueless rep with $10mm AUM across 200 accounts. The saying “bottom 20% of clients take up 80% of time” has never been more true, except the split here was more like 10/90. But hey! Affiliation fees to keep Reverence happy!
-Poor advisor quality, poor employee quality (due to management), worst rebrand of the millennia, and disconnected management are all reasons to stay away.
-Forgot to mention: RTO rug pull, and 2023 bonuses delayed by 2 weeks and cut by at least 15% for marked high performers & raises in the 2-3% range. Zero culture at the firm with oblivious management leads to discouraged workforce and low performance. Good place to fly under the radar for a bit of cash and low expectations. But horrible for any ambitious employee.
