Pros
I'm struggling to find any pros other than the Pershing division. They are like a close-knit family, but unfortunately, with all the changes, I fear this won't last.
Cons
Charlie and his new leadership team are terrible. It is very clear that he has brought in all of his friends and family to run the firm. They are cold, callous, and uncaring to the staff. They are changing policies related to flexible work arrangements, so don't be fooled into thinking that this is a progressive company. It's the exact opposite. They are forcing rankings amongst the staff, and mandating that there be a minimum percentage of below expectations, without calling it a curve or forced ranking. The benefits are terrible - very expensive, with poor coverage. The salaries are uncompetitive once you stay for a while, and overall compensation is questionable at best. In many parts of the firm, people are paid lower on the salary and higher on the bonus. Now it seems in the middle of the game, they are going to slash the bonuses in those structures, even though people depend on them as part of their compensation. If you are at the Director level or above, you need to give 90 days notice in order to leave and retain your bonus, or they can take legal action against you including claw-backs. This requirement is recent, and staff were forced to sign an agreement late in the year, otherwise they forfeit their already earned incentive compensation. Again - changing the rules in the middle of the game at the expense to the employee.