Pros
1. big company 2. asx listed 3. you are generally given clients to work with so you don't need to generate your own clients initially although you are paid substantially less as a minder
Cons
1. the major focus is on supporting the in house strategic trusts which they own and control. That is basically the only investment solution you can offer clients . 2. management is very much in it for themselves and not focussed on advancing any staff that are a threat to them. It is a very political organisation. 3. the goalposts are always changing as like any business it is the shareholder return that they are after which conflicts the interests of the client with the business. 4. the renumeration fell substantially during my time at sfg, with my salary dropping 30% as they were always looking for ways to cut into the advisers portion. for example they had a renumeration scheme where you were paid 50% for revenue in year one with it cascading down so you would only get paid 10% of the revenue for clients in year 5. This meant that clients were often ignored in the later years despite them paying the same fee as year 1. 5. no equity scheme 6. All of the key business drivers and A grade players who helped build the business up to 2010 have now left and you have mainly B grade servicing minders in the business. 7. The monitor email traffic beware