Merrill PMD Blog

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Oct 5, 2014 10:03 pm

Hey guys, I'm a Merrill Lynch PMD, I've passed my tests and I'm starting my training stage tomorrow.

I thought I'd start to write about it here to keep track of the journey.

I'm nervous, but excited, we'll see how the next few months ago.

I'll post my business plan, my hurdles, what I'm doing, what's working for me, and some inside details of how Merrill's program works and what really goes on.

For anyone out there who's looking into the program or anyone starting out and studying for their tests, feel free to shoot me a message, I'll help you out however you can. 

Oct 6, 2014 9:53 am

Best of luck Newster. Keep us posted on your progress. Are you joining a team right away or will you be on your own?

Oct 7, 2014 12:53 pm

Just started the PMD program as well. Will keep progress up to date.

A little about me, I live in a decent sized metropolitan area, but dont have much as far as high net worth connections. I have possible leads through introductions to affluent, but no immediate connections with that network. I’ll be looking to target movie industry executives.

Oct 16, 2014 9:54 pm

Good luck and please keep us posted! I’m in the process of trying to choose between the Merrill PMD and Morgan Stanley FAA program. Any insight would be very helpful…thanks!

Oct 17, 2014 11:13 am

The two programs are very similar. One difference is I believe MSSB has slightly lower account minimums. This can be helpful in your first 2 yrs but not much so after that. It all boils down to whether or not you can bring in significant business in the first 18 months. If you can, you’ll be in good shape. If not, it won’t mater which firm you’re at, you will be shown the door.

Oct 17, 2014 7:20 pm

Both firms have min of 250k so that part is the same. I believe both offer roughly the same salary to get you started. Merrill offers both the option to go at it alone (PMD) or try to catch on with a team (TFA) - not sure if Morgan offers or encourages the team option? Does anyone know which firm offers the better overall training? One advantage I see for merrill is the option to perhaps transition over to a merrill edge bank advisor if worse comes to worse (it’s better than losing your job)…thoughts???