Merrill Lynch Financial Advisor Program Compensation Meaning

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a St. Louis-based asset management program for independent advisors, as well as author of "The One-Page Financial Plan," due out later this month. In 2004, he left Merrill Lynch, where brokers are held to the suitability standard, and joined a firm using.

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At the same time, Merrill Lynch launched a pilot program to focus on recruiting and training younger advisers as a way to grow its wealth management business. The same source said senior advisors in ... announced a new adviser compensation plan.

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That was the last quarter before we bought Merrill Lynch. So we reduced the cost in our company ... whether relationship bankers, financial advisors, commercial and business leaders. So yes we are doing both, investing and finding ways to be more efficient.

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