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May 1, 2008 4:10 pm

cmg235s

Joined: 2007-10-23Offline

Hello RR's,

Merrill is asking me to meet with the local Manager to discuss opportunities with them. I have scoured through some posts and understand a little about what they offer. Can any Merrill associates or former ML employees tell me what is coming? I am only two years in the business and have $10M under management. I know they offer a salary and a training program. How did they find out about me and what do they want me to offer them? I am only asking so I can go into this informal interview knowing more than what their website has to offer. Please advise as I am an EJ broker in the midwest.
May 1, 2008 4:21 pm

apprentice

Joined: 2006-06-06Offline

cmg - if you a current producer - I don't believe the salary would be an option for you.  They found you - because they find everyone.  What they want from you is even more disturbing, they want all your assets and about 14 months of 70 hour work weeks.  After that - you'll more than likely leave the business due to frustration and stress. 

Careful -
May 1, 2008 4:29 pm

cmg235s

Joined: 2007-10-23Offline

Thanks for the input. I already work a ton anyway. I would consider the move based on the fact that saying you work for ML is sexy, but that is about it. I do like Fee based advising which EJ is rolling out soon. Also, I would only leave if they were to give me $ or a salary. I really like EJ but could use a salary. The last few months have been rocky. Muni's are my only saving grace.

May 1, 2008 7:36 pm

shadow191

Joined: 2007-06-26Offline
The salary actually is an option if you're only a few years in the business.  They'll actually pay a higher one than say someone they're hiring whom they have to train and license.  You would basically come in under ML's training program, move what assets you can and then keep prospecting.  The advantage is that it's like getting a head start because the hurdles aren't higher than someone who comes in brand new.      [quote=apprentice]

cmg - if you a current producer - I don't believe the salary would be an option for you.  They found you - because they find everyone.  What they want from you is even more disturbing, they want all your assets and about 14 months of 70 hour work weeks.  After that - you'll more than likely leave the business due to frustration and stress. 

Careful - [/quote]