1.0
Mar 16, 2016
Anonymous employee
Former employee, more than 8 years
New York, NY
Recommend
CEO approval
Business Outlook
Pros
Superior corporate structure, global footprint, managed by investors, good people.
Cons
The firm has become too big and seemingly is operating only for the good of the partners rather than the clients. No investment risk is being taken and turnover is high. Private Client Group is a mess. This group is mismanaged by people who are incapable and do not live by the stated values, particularly in New York. All good people have left. PCS is seen as a joke in the eyes of the rest of the wealth management industry and is an embarrassment to the firm and its clients. It is a travesty that this festers and the firm's senior manager can't be bothered to address the problem.