ML PBIG & U.S. Trust

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Jun 4, 2009 7:29 pm

Was curious about what some of you thought the future of Merrill's PBIG will be with BofA already having their U.S. Trust wealth management platform in place.  Also since their comp is radically different for the two organizations how they plan to integrate them.  After reading the article where a PBIG producer speculates on U.S. Trust being dismantled it got me thinking that if that were to happen a lot of very HNW clients might be looking to leave if their advisor gets canned.

Jun 5, 2009 10:53 pm

If you look at the numbers ML PBIG destroys US Trust in everything. I think they will add the name ML to US trust somehow.   They will merge US Trust advisors into the ML PBIG platform. BAC paid huge money for the US Trust name. There is a road show going on in the firm intorducing both platforms to FA's and it almost embarrases US Trust legacy.

Jun 6, 2009 12:03 am

Please explain "both platforms to FA's"?  Merrill platform, US Trust platform, BAI platform?


People have money with US Trust for two reasons......Trust Services or they want a loan.  nor m 
Jun 6, 2009 12:06 am

US Trust in totally FUBAR.  Only a few people in each region can even place solicited orders.  the bank has totally strangled the platform