Pros
Lots of freedom to come and go as you please. You set you own schedule
Cons
The new fa compensation plan is riddled with problems. Once they see one they fix it, but those advisors that were hurt by the problem are not made whole. They talk a good game and make it seem that you can build a business from scratch, but the stack advisors into an area like cord wood. They then bring in ringers, give them big books of business and leave other advisors with no help. I have seem several people go from level 0 to 8 or 9 in less than two years while others are starving. Regional leaders that tell you how it is okay to pay everything by credit card and just don't quit or don't get fired and you will make it. Now the push is to have 20000 advisors by 2020. More new people working in worked out areas against other new and mid level people just so they can justify having another limited partnership offering for the ones that made it before the wholesale flood of advisors took over the area. There was 14 in my KYC class and as of today there are three of us left and were all looking to leave too. They only are interested in profit.