Anyone have any idea how a role in Wealth management would be at Merrill Lynch? Just met the SVP randomly when I was picking up food, we started talking about cars and he gave me his contact info & said to reach out. Anyone have an idea on Junior level compensation (1-2 yoe) and what wlb would be like? Merrill Lynch

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Your options are the FADP, which has less than a 5% “graduation” rate, or Client Associate. CA is a great way to learn the business as well as become licensed while you develop your plan going forward. I’d expect a base salary ~65k depending on location

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SVP is a title for the FAs there so I would assume the role he would be willing to talk about is a client associate or a jr broker through their training program. Unfortunately the comp varies greatly depending on the role.

Sorry but I haven’t been there for a while and the pmd program is completely different from when I was running it for my office. I left merrill right as it was becoming a shit show and before the mass FA exodus.

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I have heard really good things about them. I had a friend who worked there and she said the culture and wlb are great. She also said the benefits are good.

ML is known to be a hostile company they tolerate abuse from FAs to their CAs because ultimately the FA runs the show since theyre the ones bringing in the money. It is a good school to start your finance career if you have thick skin.

This is what I heard. I won’t be pursuing a role there, heard the company has been going downhill over the past few years

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