Pros

It does offer a good opportunity to start a practice from scratch. If you do not have any formal education, this is a good place to invest people's money.

Cons

Little to no management. They will take anyone off the street, get them to pass the series 7, and tell them to get clients in the door. The main priority is to sell permanent life insurance and annuities.

Advice to Senior Management

There needs to be more training for experienced advisors. Teaching 5-6 year advisors the same things as year 1 advisors is ineffective.