Merrill Lynch: Payouts and Income

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Aug 28, 2014 3:49 pm

Hello all



I am considering joining ML as an Advisor, however I have heard some conflicing advice on just how an advisor is paid.   



A few brokers there have thrown out comments about how many "PC's" they are doing, and if they are on a 40% grid then its easy to assume what their take-home is.



However, it's my understanding that a broker doesn't earn money on accounts under $250k.



So theoretically could a broker be doing 750,000 PCs, but if 150,000 of those PC's are coming from accounts under the $250k, then they are really only making 40% on 600,000 PCs.   Right?



Thanks,

Aug 31, 2014 7:00 pm

Merrill Lynch threads are my favorite threads on this forum. Anxiously awaiting to see where this thread goes.

Sep 22, 2014 4:55 pm

Bumpity, bump, bump!

Oct 31, 2014 2:19 am

Hey Johnny....while you're a pmd you are paid on those <$250k HH's. Still trying to find out the comp after that, but I think you do.

Nov 5, 2014 1:48 pm
AlphaDame:

Hey Johnny....while you're a pmd you are paid on those <$250k HH's. Still trying to find out the comp after that, but I think you do.

Senior FAs who give the bottom of their BOB to Merrill Edge get 1% of the assets AFAIK.