5.0
Aug 6, 2015
Anonymous employee
Current employee
Recommend
CEO approval
Business Outlook
Pros
Independence, ability to minimize expenses and company overhead costs associated with wirehouses. Half the clients, half the assets, half the headaches, no constant pay grid wirehouse changes. 90bps payout to start vs. wirehouse keeps 50%+ for that fancy office.
Cons
Still pay for a lot of BS just not as bad as with wirehouse firms