To prevent emotions from getting in the way here is a list. Telling the whole story would just be too much. These are my findings from within 2 different departments of Vanguards retail group. The other segments of the company from what i gather are run completely differently so only apply that to this retail.
-Low pay, they'll remind you of total compensation (benefits for families etc. which are great but if you're fresh outta college those don't mean much)
-Call center environment with limited flexibility (managers have all the flexibility in the world compared to you)
-Got a finance degree? Keep looking. You didn't go to school for four years learning about CAPM and DCF's to explain how to login to a site, fill out new account paperwork, and change addresses. (yes its an "in" just be willing to do this for at least 2 years before you dust off that degree of yours.)
-You've probably heard this at other jobs and seen it for this company, but the retail managers are really just trying to get the heck outta dodge and spend most of their time networking with other groups to get new roles there (cant blame them). Got a client yelling at ya on the phone for something that's not your fault and they want to speak with your manager? Well hopefully if you're really lucky they are around if they're new, otherwise good luck to you friend cause they're most likely out there peddling their resume around.
-They'll pitch you the client relationship associate role as a 1 year "do your time" (this isnt a euphemism you are clocked every minute of your day) thing but unless your manager is well connected you'll find yourself at a slightly better but equally frustrating phone role.
-everyone's trying to dodge work, nobody want's to do more than they have to
This was an honest attempt to not go too crazy on this, but in summary, if you're willing to do the time (again not a euphemism, as a point other groups will be disgusted about your role and say wow how do you stay sane) you'll progress and eventually make a wage that will allow to you have a reasonable standard of living. If you have a passion for succeeding, being rewarded for that success, and taking on big projects keep looking! You can do this!