Merrill is hiring and starting people in the PMDP program. Not the degree as before, but they are hiring newbies into the business.
Yeah, that makes perfect sense. Fire all the guys in the program a few months back and start a whole new batch now. Must be great to be a manager and make these kinds of infallible decisions.
Who's Merrill? I seem to remember some company by that name getting bought by Bank of America.
Must be very spotty, from what I've heard they aren't going to be hiring trainees for a while.
Word from Lamothe's mouth directly is that they "hope" to begin PMD hiring in the 3rd or 4th quarter.
The recruiters weren't usually recruiting for the POA/PMD program anyway. They were paid a trail and that wasn't in their best interest.
Recruiting, yes. New hires into PMDP, not for a while. The only exception I have heard is teams moving over to Merrill and bringing a new hire with them as part of their deal.
The new guy started Monday and there were only 15 nationwide. They are also kicking up the training for 1st and 2nd quintile FAs with LOS 10 and under.
They have multiple trainings on various topics in different cities all over the country. I've been invited to sales training in Los Angeles, New Jersey, and Chicago in just the last couple of weeks. They said that they are making a commitment to continue to train FAs while the competition does not. A lot of BAC/MER grandstanding and I don't know about giving FAs the opportunity to talk to colleagues in other parts to sit in a hotel bar and figure out who lost more big producers from their office.