Pros
The compensation was fair, and there seems to be a true commitment to promoting work/life balance. People who have worked here are knowledgeable (but not to be confused with passionate) about what they do. They offer an EXCELLENT retirement benefits package.
Cons
There is an extremely "old-school" style of management that I found hierachical and exclusive. This means that they are not necessarily open to finding out what employees want/need. They assume they know it already. Progress on projects was always very slow and reactive, instead of progressive. The reputation of being a grandfatherly company comes from its slow pace and lack of young and/or dynamic people. I am not sure if they have ever fully recovered from reputational issues.The last I heard since I left, is that they are STILL working on becoming a recognizable brand and striving to compete with other financial services companies.