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ML buys Advest

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Sep 14, 2005 6:08 pm

frumhere

Joined: 2005-02-22Offline

Nice move.  They are buying the clients, firing the brokers and getting more gross from exisiting Advest clients.

Sep 14, 2005 10:05 pm

BrokerRecruit

Joined: 2005-04-19Offline

Any thoughts on this?  Any Advest FAs?

Sep 15, 2005 9:28 pm

frumhere

Joined: 2005-02-22Offline

I am literally across the street from an Advest and in 4 years, I have never seen any of there statements during a review.  Either they don’t have HNW clients, or the clients love them.