Large, industry leader helps everyone downstream within the organization. I worked at Merrill, which was absorbed by BofA, and to my surprise the two had very similar mindsets from two completely different retail strategies. Training was the best, most robust and detailed in the industry. Opportunities for advancement (within Merrill especially) were everywhere.
Regulations... regulations... regulations. Smaller firms have more flexibility (or less to lose?)
Mostly post housing debacle have made doing anything creative a no-go. Regulations become increasingly difficult for smaller/single brokers to survive, especially due to social media and other restrictions (which may have changed since my time there, hopefully for my former colleagues sake..)
Advice to Management
Try to get ahead of regulators/regulation and free up some of the creative talent that made the firm what it is... a successful and robust large financial services leader.
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