Pros
Overall the firm has an incredible company culture. From day one I felt incredible supported by both leadership and advisors locally & nationally, I was hired out of NM's college internship which proved to be a great place for me to develop a number of skills as a young person including problem solving, professional communication, emotional intelligence and leadership just to name a few. I have now been with the firm for more than 7 years and in that time I have seen NM do what's best for the client time and time again. While I cannot attest for the competence or character of all NM advisors I can say that within my office competence, compliance and a dedication to serving the client best is second to none. ' NM is one of if not the strongest, most stable financial institution in the country and one of the fastest growing independent broker dealers. In my opinion, it's an excellent place to build a practice.
Cons
1. Building a financial services & wealth management practice is very difficult. Just like any new business, most fail. If you're not self motivated you will likely not succeed. 2. For those who are not entrepreneurial minded, the career is likely not a good fit. 3. Some advisors and companies across the industry give NM a bad rap, typically because of a lack of understanding on integrated planning or because they had one bad experience with an inexperienced FA. NM's reputation can be doubted by some but this is almost never the case in the HNW market. 4. NM recommends advisors being building their business from within their own network as opposed to cold calling. Some individual balk at that idea.