3.0
16 Dec 2008
Former employee
Scottsdale, AZ
Recommend
CEO approval
Business outlook
Pros
Company size. Brand recognition. Back office support. Research is highly regarded and the pedestrian investor likes to see the company's floor trader appear every morning on CSNBC for market comments.
Cons
Until the bigger brokerages discontinue big payouts for producers to cross over, the otherwise highly capable advisor in training will be overlooked for the new advisors with the greatest asset connections. In this context, the favored new advisor is not one who shows the greatest investment intelligence, but the one with the greatest network of high net worth individuals as a engine for asset level increases.