The firm itself operates relatively lean and doesn't take huge capital risk in its business lines, providing a stable business platform driven primarily through the sell side. There is very low turnover in back office roles with minimal turnover in middle office. Front office has a higher turnover rate, particularly within junior staff. The firm has been around for long enough that they seem to have figured out most of the growing pains common in smaller companies. There seems to be a lack of cohesive long term career management to junior employees and it would greatly benefit long term retention if a more open and two way dialogue existed between ranks. Often the firm can be a bit too driven by external opportunities and lacks honest inward reflection. (hardly an uncommon trait in the industry though) Overall I think this company is well positioned in the space to grow and seems to have taken steps to expand its coverage by hiring new professionals.