Pros
Open to new starters with limited experience.
Cons
Not all branches are centrally owned, majority are franchised. This means little to no budget or resources as a broker and more often than not the resources that are available are extremely dated. The franchise model means that some branches are run by people with no management experience and a business plan where employees are not valued and individual success is not a priority. The brokers then unknowingly funnel new accounts to a branch manager who personally cherry picks the best accounts, whilst underperforming brokers are then either performance managed out or voluntarily resign as wages (commission) falls. Various obstacles whilst attempting to build a client book such as ownership issues of client leads, bogus internal compliance checks, which are all designed to obstruct individual progress and continue lining the pockets of management. Huge staff turnover with most people moving elsewhere often after weeks can be demoralising for those who remain.