Pros
Excellent benefits. 401k had 7% match and 10% profit sharing. Occasionally there is free breakfast and lunches. Room to grow in the company if you are willing to move
Cons
On the surface the Financial Consultant position seems great. They give you a book of clients, there's no cold calling since they provide leads and you can make over 6 figures with average effort. But in reality it's a pure sales role with very little concern about what's right for the client. Definitely not a fiduciary advisor and the turnover is extremely high. It's all about selling product and filling the buckets. Fidelity FCs are managed by the ever present spreadsheet. Everyone is stacked ranked and if you are below average on any category your branch manager or RPC ( who are usually inexperienced coaches that stink at sales) will come talk to you to see how to improve. The problem is there are like over 20 categories of things they measure you on. So you will always be below average in something! Another annoying thing is every click on the computer, every phone call, every email is tracked like big brother ! They also continually roll out some new method or spreadsheet and say this is the way things are going to be so get used to it. 4 months later you never hear about that spread sheet again. There is no adjustment if you are new, if you are in different markets or have a smaller or a more established book. There is a certain level of gamesmanship with the numbers too. Click here it counts, click here it doesn't even if you did the work. Talk to a client for like 30 seconds and tag their deposit and you get credit. Drop this client from your book without the client knowing and you won't get hit with an outflow. The people who do well in the role game the system the best. All the managers are ok with this and all they care about is selling managed money, annuities and bringing in new assets. Who cares what's right for the clients. That's really the sad part the clients think you are helping but in reality you are just selling what pays you the most basis points and hope they never call you after the sale. My advice is if you get this position plan to work it for 2 years then find something else in Fidelity not in the branch network.