Pros
Income potential is unlimited and flexibility to set own schedule. Strong reputation and highly ranked in 'companies for which to work' surveys. Excellent mutual fund and insurance product partners.
Cons
Business model has gotten 'left in the dust' and door-to-door prospecting was very inefficient to meet the required number of daily/weekly contacts. If you're not chosen to take over an existing branch (don't ask me how those decisions are made), sharing an office (Legacy plan) or given somebody else's "C" and "D" quality clients (Goodknight program) and working out of your house initially, the success rate is something like 30%. New FA's right out of Eval/Grad spend an inordinate amount of time on the administrative tasks of opening accounts, getting marketing materials ordered/organized, etc. New FA's are only given 17 weeks to meet commission/new account goals, and cut loose if not meeting those expectations despite acknowledging it takes on average 5-7 contacts to convert a prospect to client. Work-Life balance practically non-existent in the first 3 yrs (their own estimation of how long it takes to 'get over the hump').