"Raving Fan" core value... only for the clients, not employees
Pros
My team truly does work in the best interest of the client and has been for a very long time. The definition of financial advisor has very different meanings in the eyes of the public and once you are in the business you quickly see that brokers working on commission is not the way to go... as opposed to the fiduciary standard where advisors must have the clients best interest in hand. Moneta Group highly values CFP designations and this is a great indicator that they work in the client's best interest.
Cons
For a company that is so highly rated and prestigious in the community, you would think that they would treat their employees better, seek out talent or well qualified candidates with tenure and reward them with a fair salary. However, the starting salaries are extremely low (mid $30k's) and unless you have a CFP and are lucky enough to be placed on one of the good teams, you won't get anywhere quickly. Raises and salary come directly out of the boss' paycheck and the majority of the principals are much more likely to buy accessories for thousands of dollars than to pay their CSMs a fair wage or other perks to make up for the low pay (even additional training would be nice). Training and advancement classes are non-existent - other than training for new, already obsolete, programs (the company lags on technology). They demand the best candidates for CSMs then underpay them and treat them like secretaries. Turnover in the CSM position is pretty high because of this.
