[quote=Ronaldo807]Does anyone know if Merrill Lynch sponsors you for your 7 and you pass and then leave before you've been with the compnay for a year if you have to pay them back the registration fees?[/quote]

Why in the world would you leave the greatest brokerage house in the world?

[quote=Ronaldo807]Does anyone know if Merrill Lynch sponsors you for your 7 and you pass and then leave before you've been with the compnay for a year if you have to pay them back the registration fees?[/quote]

You sound like you're about to find out.

[quote=Ronaldo807]Does anyone know if Merrill Lynch sponsors you for your 7 and you pass and then leave before you've been with the compnay for a year if you have to pay them back the registration fees?[/quote]

Ask your branch manager.

I’ll bet your contract/non-compete spells that out.

[quote=Indyone]I’ll bet your contract/non-compete spells that out.[/quote]

Virtually all firms (especially the Wirehouses) have similar clauses in their contracts.

Whether or not these firms choose to enforce them depends on the circumstances of your departure.

I’ve never heard of a wirehouse pursuing somebody who leaves the industry because of insufficient production.

If you stay just long enough to get your license, and hop to another firm (presumably one that does not pay for training), then nobody would blame your former firm for expecting compensation.

If you’re leaving and trying to bring your clients with you, the situation can become complex.  THis has been discussed in detail in several other threads on this board.  Suggest you use the search button if that’s your situaton.

Well i’m not an FA, just an employee that was sponsored to take the 7 and was looking to transfer to another financial institution because of a better opportunity. In the end the difference in money would be enough to cover having to pay the fees, i just hope i don’t have to and was really seeing if anyone else had been in a similar situation.

Get your new firm to pay the fees to Merrill, if required to repay.