My son (who moved half way across the country from me to go to grad school) was cut from the Merrill Lynch training program in December and recently joined another wire with a fellow Merrill trainee. They were in production for about a year and each had @ $7 million under management, but were let go as part of the downsizing wave. I am an Indy advisor, and have no current experience with protocol as it applies to trainees. I believe that a "repayment of training costs" agreement is the standard, as is a non-compete, but does anyone have any real time experience with wheher this is typically enforced. I am doubting that everone that was cut by Merrill, Wachovia, UBS et al left the business or did not attempt to transition clients. How did it play out? I am a worried Dad. Thanks!