Shakeup At Merrill

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Sep 19, 2005 10:39 pm

I heard they are converting to 6 regions and ousting managers again.  Seems like the firm is headed for alot of change, gearing up for a sale?  Is it Banc of America or will it be Banc of Merrill?

Sep 19, 2005 10:50 pm

Are they running out of prospects with $1 million to invest?  Or, are they not building quality relationships through their lending platform?

Sep 19, 2005 11:15 pm

They are merging with jones. jones brokers can sell merrill funds A shares. jones guys won't know any diff. as long as the funds are on "preferred" list.

Sep 20, 2005 7:44 am

All kidding aside, I used to wonder why Merrill didn'y buy Jones and use it for low end accounts.  Kind of a shabby-chic boutique for the unsophisticated investor, while keeping the Merrill Lynch image of world class service for the high net worth investor.

Sep 20, 2005 8:57 am
Starka:

All kidding aside, I used to wonder why Merrill didn'y buy Jones and use it for low end accounts.  Kind of a shabby-chic boutique for the unsophisticated investor, while keeping the Merrill Lynch image of world class service for the high net worth investor.


I doubt they'd fit together. Filling a room with EJ and ML brokers would be like lumping in your closet suits from Sears and Brooks Brothers.

Sep 20, 2005 9:11 am

sears=ML?  

Sep 20, 2005 9:31 am
frumhere:

sears=ML?  



Yeah.  That must be it.

Sep 20, 2005 9:32 am

Not even a Jones broker, which obviously you are frumhere, could make that mistake! 


ML brokers outclass EJ brokers seven days a week.  Not even a debatable topic.

Sep 20, 2005 10:01 am

Local muni players in T shirts mixed with Bobby Jones wearing private club members....

Sep 20, 2005 10:04 am

Strip mall offices mixed with marble floored, walnut paneled class A office space.

Sep 20, 2005 10:05 am

Plymouths and Porsches 

Sep 20, 2005 1:41 pm

you people are so insecure. it's pathetic! im just waiting for the day you're on top...2025? 2030? just think, when you are, you just might be able to afford a brooks brothers suit. as long as you're not, im long sears. now i know why the stocks done so well.

Sep 20, 2005 1:51 pm

Actually not a Jones broker. 

Sep 20, 2005 2:13 pm
frumhere:

Actually not a Jones broker. 


Don't sweat it, some of us knew you were joking 

Sep 20, 2005 2:14 pm
youcanhatemenow:

you people are so insecure. it's pathetic! im just waiting for the day you're on top...2025? 2030? just think, when you are, you just might be able to afford a brooks brothers suit. as long as you're not, im long sears. now i know why the stocks done so well.


Let me guess, a member of the EJ brain trust bragging about being "on top" of a JD Powers survey....

Sep 20, 2005 11:17 pm

Let's get back to Mother Merrill for a minute?  Are they running out of million dollar idiots who buy into their marble floors and walnut paneling?  If I were the client, I would take a guy (or gal) with a set of balls, a good head on their shoulders, and a set of scruples over that dog and pony show any day of the week. 

Sep 20, 2005 11:29 pm

I heard Jim Cramer say that Merrill is the "every man broker."  Are you kidding me?!  Merrill is the place if you have 100k, if not, you get kicked to the curb. (just like all the majors do).


ML + EDJ  =  BMW + Hyundai  =  Tiffany's + Wal-Mart  

Sep 21, 2005 9:19 am
Soothsayer:

Let's get back to Mother Merrill for a minute?  Are they running out of million dollar idiots who buy into their marble floors and walnut paneling?  If I were the client, I would take a guy (or gal) with a set of balls, a good head on their shoulders, and a set of scruples over that dog and pony show any day of the week. 


Jealousy is just sooooo ugly...<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Sep 21, 2005 9:53 am

Hardly.  I'm not into engendering institutional loyalty with my clients.

Sep 21, 2005 10:14 am
Soothsayer:

Hardly.  I'm not into engendering institutional loyalty with my clients.


No one is, no matter how you misunderstand the broker culture at places like ML.  BTW, they're no jealous of your strip mall office, why are you fixated on their nice digs?