Pros
Salary, plus partial commissions (25% of revenue) as long as you meet performance goals; which are impossible unless you have a book or are hired onto a team who will insure you meet your performance goals. Will pay you a salary while your studding for your licenses. If you fail you series 7, the first time you take it, your fired. So do take it seriously.
Cons
No support of any kind. The interview is purely a sales pitch. Its your business. Do not look for any direction or support on how to succeed. The training is of no value unless you've never been a salesman; the training is exclusively sales training with no training on "how to" open accounts, build a portfolio, or basic investing (you will be left to learn that on your own). Corporate culture. Either you're in or not; if so, you must drink the punch. Very difficult to succeed. They will not hesitate in canning you; I saw four guys get the axe with no notice, just "today is your last day". When they cut you, that same day clients who believed in you enough to hire YOU and open an account with you, will be reassigned to senior guys. They will start calling every client the next day to inform them you are no longer with them. This is the made greed dash to take whatever clients you build while there. Every client I had refused to even talk to these guys out for a easy buck.