Pros
It was one of the best training programs in the United States to get into the industry of financial advising, or at least it used to be. I don't know how much it's changed. I've been gone a while.
Cons
Nepotistic, chauvinist, good old boys club. Don't expect to be treated fairly as a new employee unless you are related to a long-time advisor, or if you are a good-looking, 25-35 year-old white male, preferably with connections to a fraternity or local family wealth. It's still possible to be successful, but not very likely. Be prepared to lose your marriage, your life, and your sanity to get there. You will have 60+ hour work weeks for at least 5 years. If they tell you 2-3 years, don't believe them. I was there for more than 10 years. I never saw someone feel "they made it" until probably 7 years in, but by then the damage will be done to your personal life and your family unless you are married to a saint.