How long is the Merrill Lynch financial Advisor Development Program?

18-month
Merrill Lynch’s new 18-month Advisor Development Program stands to significantly increase the success rate of the firm’s advisors, from just 20\% to 80\%, Andy Sieg, president of Merrill Lynch Wealth Management, told the online Morgan Stanley U.S. Financials, Payments & CRE Conference on Monday.

What is Merrill Lynch financial Advisor Program?

The FSA Trainee in the Advisor Development Program role provides the opportunity to pursue a career within Merrill Wealth Management. You must obtain your SIE within 30 days of being hired & your Series 7 & 66 within 120 Days – a requirement for the role.

How do Merrill Lynch financial advisors make money?

You pay a commission based on the principal value of the trade that can range from 0.50\% to 5.00\%. For purchases, you pay a “markup” on top of the security price. For sales, you receive the sales price less a “markdown” amount.

Does Merrill Lynch offer financial advisors?

Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Lynch Life Agency In.

How many financial advisors does Merrill Lynch have?

14,000 financial advisors
Merrill employs over 14,000 financial advisors and manages $2.3 trillion in client assets. The company also operates Merrill Edge, an electronic trading platform.

How many advisors does Morgan Stanley have?

Morgan Stanley is a global leader in wealth management, with 500 offices and 16,000 Financial Advisors around the world. For nearly 80 years, our Financial and Wealth Advisors have delivered tailored solutions for individuals, families, businesses and institutions.

How much does a financial advisor trainee make at Bank of America?

Bank of America Salary FAQs The average salary for a Financial Advisor Trainee is $54,380 per year in United States, which is 9\% lower than the average Bank of America salary of $59,886 per year for this job.

Is it stressful being a financial advisor?

High Stress Industry Financial advisors are constantly managing the emotions of their clients based on downturns in the market, and this can lead to a high level of stress over time.

Are Merrill Lynch financial advisors fiduciary?

Under the Rule, Merrill Lynch and your advisor are acting as a fiduciary to you when making an investment recommendation about your retirement account and its assets. Being a fiduciary means that your advisor must act prudently and in your best interest when making investment recommendations.

Does Bank of America have financial advisor?

We are positioned to deliver this offering through the unmatched convenience of more than 25,000 financial advisors and specialists, 4,300 financial centers across the country, our Preferred Rewards program, and award-winning digital banking and investing capabilities4.”

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