Merrill Lynch announced today that two key Merrill Lynch executives will be replaced. Jeffrey Peek is no longer head of the firm’s asset management unit, and the corporation’s long-time general counsel, Steve Hammerman, is also...
Merrill Lynch has canceled all broker incentive trips through the end of October. A spokesperson says brokers and executives have told the firm they are uneasy about traveling outside the country following the Sept. 11 terrorist attacks. “We...
Details about Merrill Lynch's upcoming new compensation package are beginning to trickle down through the branch system, and most brokers are thrilled about what they're hearing. This is going to be a huge pay raise for us, says an East Coast...
If you're an investment management consultant whos just cracked the corporate market, you may be feeling uncomfortable. The tools you used to build your consulting business may not be good enough to compete for corporate assets. If you're lucky...
Our exclusive survey of independent contractor reps quantifies what we thought indie reps love their freedom, but being on their own can be a challenge (see Insights on Independents, Page 85). Those challenges are why there's never been a mass...
Merrill Lynch is looking for a few good brokers within its ranks to focus entirely on the firm's ultra-affluent investors--households with $10 million or more to invest. Merrill executives want to expand the firm’s Wealth Management Services...
Merrill Lynch has introduced a new trainee compensation package to go along with its revamped training program that was expanded to five years (see November 2000 RR, Page 30). On Jan. 1, the new Paths of Achievement (POA) program replaced Merrill...