Good Company - Manager Convergex Group Employee Review

Knowledgeable people and friendly work environment

lack of benefits for employees

- Very good tech support staff willing to share information and support business lines - Decent trading infrastructure despite occasional reliability issues - Excellent post trade processing - Movement within the firm is possible only if politically connected - Fairly focused business model (can be a pro and a con)

- Highly political, play football with Velli and you're safe. - Current obsession to position the firm for an IPO has led to a pattern of older, highly competent, personnel to be let go. - They tend to follow any technology trend by about 6 months - Zero appetite for any risk, yet believe returns should remain at high levels - Non existent employee feedback unless you're fired. - Reliance on a small number of large clients - Little mobility within the firm. (Hey Joe, Of the 15 or so people (all age 45+) you've fired in the past year NONE of them had the ability to work in another area??? - No clear policy on when someone does get fired if they get to hang around in an office for a while or be out the door in 10 minutes? Again, the football thing makes all the difference.