by Patrick M. Kelly | May 30, 2019 | Hiring, Merril Lynch, Training Programs
As of this year, Merrill Lynch has over 14,000 Financial Advisors and $2.3 trillion in Client Balances. According to Investors Business Daily, the wirehouse isn’t only trying to lure top performing and experienced financial advisors. Merrill Lynch is continuing...
by Patrick M. Kelly | Dec 16, 2013 | Compensation, Merril Lynch
Bank of America Merrill Lynch is planning to reward brokers who team up to help clients with financial planning. As part of the Merrill’s 2014 compensation plan, which was rolled out to some 14,000 advisors last week, the firm is adding a Merrill Lynch Client...
by Patrick M. Kelly | Sep 5, 2013 | Merril Lynch
Bank of America has announced plans to dissolve Merrill Lynch & Co. as soon as the fourth quarter of this year, but the roughly 14,000 advisors operating in its brokerage division shouldn’t see a name change. Merrill Lynch & Co., the 99-year-old firm...
by Patrick M. Kelly | Jul 8, 2013 | Merril Lynch
Merrill Lynch has begun to roll out a new single platform for its managed accounts. The conversion will usher in a change that Lorna Sabbia, head of the firm’s Managed Solutions Group, has been hearing advisors request for 18 years. [pullquote]This is something that...
by Patrick M. Kelly | Aug 31, 2012 | Compensation, Merril Lynch
Is the $40 million dollar settlement really a resolution? That’s the ‘scuttle’ this week on the block. Or is it opening a door to further claims and litigation? The settlement for deferred compensation will go to about 1, 467 financial advisors who were formerly...
by Patrick M. Kelly | Mar 19, 2012 | Merril Lynch, wirehouses
It’s a given that turnover is a constant in the wirehouse world and every wirehouse has gone thru their periods of upheaval, bad press, and an exodus of brokers. Speculation about Merrill’s inability to recruit big brokers after losing 50-80 top producers in the past...
