Merrill Lynch job cuts?
Has Merrill ever laid off advisors? I know they have a penalty box to push them out of the door, but have they been more aggressive?
I''ve been an FA since 2006. Needless to say, it's been a challenging time. I'm on my own and I've survived but I have not thrived. I'm worried that ML will cut 5th quintilers, of which I am one. Sure, I can move to another firm, but I prefer to stay at ML.
Any thoughts? Would a 5th quintiler be safer as an FA or an IA?
they laid off the trainees in 2008 / 2009. I doubt they would layoff 5Qs. Instead, you would get the penalty box and possibly be "put on plan". That's a BAC thing where you are given 30 days to complete specific duties / tasks / behaviors that would illustrate that you are working your hardest. If you've been at it for 5 years, you might want to re-think your approach etc. - maybe join a team or something ?