Pros
Been with NM for 8 years and started shrotly after graduating college. Started on the insurance side before moving into asset management, then ultimately into comprehensive financial planning. It really is the purest form of capitalism - almost like a franchise model without any upfront costs. They provide training, licensing, infrastructure, and the financial advising model. You have to build the network. It is 100% whatever you decide to make it, for better for worse. The opportunity is incredible and limitless, both in personal fulfillment with the work you do, but also the financial opportunity. Culture is strong and supportive - some of my closest friends have come from work over the years. A big pro most people don't see is the enterprise value in what you are building that can be sold at a multiple of earnings to another wealth firm or PE upon retirement, which is only allowed because you own your practice - not NM.
Cons
It is not for the faint of heart and incredibly challenging to get started. Over my time here i've noticed that the majority of people that don't make it lack the grit, perseverance, or self discipline to build something from scratch. Just like starting any business, you want to come in with a sufficient cash reserve until you start building momentum. I feel some people don't understand you are building a business in partnership with NM and treat it like a regular career or job - huge miss. When I started, I would work 7am-9pm Monday through Friday and come in every Saturday to study, prepare my financial plans, build my dial lists, and review networking opportunities for the upcoming week. People that either can't or are unwilling to invest at that level are likely not in a position to where this type of career would be a good fit.