Pros
It was a good firm until the "new" layer of management was created and the focus from up top has changed. I believe in time the new focus will show its inefficiencies and the previous management's focus will be brought back. It could be great again.
Cons
The culture has changed! The FCs are conflicted vs what the firm wants to "sell" to the public (wealth management) and what the role is really based upon (volume). From this seasoned FC's humble opinion, you can't have it both ways. We are held to tasks and box checking standards that do not coincide with true wealth management. It seems the firm would welcome all 20 somethings to only focus on the next sale rather than maintaining the client relationship and to value the retention. The compensation is geared toward the next sale and next dollar in. That breeds a poor client relationship. The culture has severely changed in the last few years. FC morale is LOW and we don't feel like valued members of the firm. The mentality from management is you are easily replaceable and the clients are not yours but belong to Schwab. Do NOT wrap your arms around them as you only rent the compensation and the them until they leave the advised solution, spend their retirement money or perhaps move on to another advisor because you are not focused on them after they get into advice. The compensation model is broken and it's not a concern. If you want to work here prepare for the treadmill of "what have you done for me today" not even "lately". These are not sour grapes I promise you that. Want to love this place and my clients again.