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Merrill Commented on: 20 weeks ago (April 27, 2014)

Advisors that are producing less than $1mm are starting to feel the squeeze with the $250k household limit and Merrill One. Recruiting is way down because of the above changes. There is also...

merrill lynch pmds put into Bank of America Commented on: 37 weeks ago (December 30, 2013)

1. If there aren't any BofA branches in the market, then there will not be any BFA's.
2. There are very few large prospects that will show up in the bank and want to do an appointment. An...

Big Firm Scandal- Corrupt Stockbroker Commented on: 1 year ago (June 4, 2013)

If you exposed his unethical behavior, the company would probably reprimand him by either putting him on probation or having him re-take the Series 7. However, you may want to go to arbitration...

Anyone made the switch from Merrill to MerrillEdge Commented on: 2 years ago (August 22, 2012)

Ask to transfer to a closer ML office. They should be able to accommodate you, especially if you are one of the few PMDs hitting their hurdles. DO NOT go to Merrill Edge (I'm assuming that you...

Merrill PMD Salary (Draw) Commented on: 2 years ago (January 19, 2012)

I've seen the pay as low as $45k and on average around $60k. But if you are bringing over AUM, I would expect you to t get $80k or more.

ML PMD Stock Bonus Commented on: 2 years ago (January 19, 2012)

FADavo, thanks for the great explanation.  I agree with you that the PMD comp plan changes are very good.FB 41, I think the $250k min household is a huge deal for PMD's that graduate.  ...

Why Was Krawcheck Forced Out? Cross-selling? Salary Plus Bonus? Politics? Commented on: 3 years ago (September 7, 2011)

Coming from Banc of America Investments, I would say her anti-cross-selling stance is the most obvious reason.  I am surprised at how little cross-selling is required or marketed towards...

When your being recruited you hear "what they want you to hear"...but is the money really? Commented on: 3 years ago (August 14, 2011)

Not all existing advisors are there from the PMD progarm so the hurdles don't apply them  As Zwing said, there is quite a bit of "status quo" tolerance. You would think the penalty box would...

Merrill Lynch PMD dress code Commented on: 3 years ago (August 12, 2011)

1.  Always wear a suit and tie.  No exceptions.  The one day you don't, you'll be asked to meet the Complex Director, and he'll think you don't take the job seriously.  Also,...

ML / MSSB / UBS ? Commented on: 3 years ago (August 10, 2011)

Wired, The technology at ML is the best I've seen anywhere. But honestly, it doesn't impact how you'll do as an advisor.  Without exception, it will make no difference at all. Congrats...

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