Has anyone gone through Merrill’s POA program. I had an interview with a firm manager. I’m considering leaving Jones for them. Is the move worth it?
I just left Jones recently for ML. If you are offered the change, TAKE IT. The POA is tough but the product offering is great. The only thing that will frustrate you is the paperwork. Contrary to what you hear, while ML computer research is great, the paperwork and antiquated system for dealing with client’s account will drive you nuts. Jones was better as far as entering accounts, doing ACATS, etc.
"The only thing that will frustrate you is the paperwork. Contrary to what you hear, while ML computer research is great, the paperwork and antiquated system for dealing with client's account will drive you nuts. Jones was better as far as entering accounts, doing ACATS, etc."
Agreed. But thats why we have CA's to do all that.....
I recently left AGE for ML. I could not be happier. Fortunately, I do not have to join the ranks of the POA program. It seems to be the toughest program on the streeet because of the hurdles. Not for the faint of heart.
Everything seems to be ahead of the times. For example, the CDP program at Merrill is light years ahead of what is available at AG. They, AG, are really just getting started with the program and will probably catch up around the time that Merrill finds the next great idea.
My complex manager is far superior to the manager at AGE. Obviously this is a manager by manager comparison. But is it great to not compete with the Manager on a daily basis. He is invested in seeing my business grow as opposed to growing his own.
Merrill seems to set the trend and not follow.
What does the POA entail? What is it that makes this program “not for the faingt of heart”?
Left Jones after 4 years for Merrill and have absolutely NO REGRETS. You will not believe how much difference there is in philosphy, products, and the process. I have moved all but about 5 accounts that I wanted to take with me. Still working on them, and in due time I expect to eventually move them over.
The support from those above me at ML has been refreshing. The paperwork is more cumbersome and splitting a CA does involve some getting use to.
If you do decide to move, take some time and get a plan together. Who will you contact first, have a reason why it will benefit the client to move with you, and be extremely confident that you now play for the Yankees, not the local pub softball team. There is a difference !
Feel free to P.M.