Does Merrill Lynch pay a base salary?
The salaries of Merrill Lynch Financial Advisors in the US range from $18,640 to $498,664 , with a median salary of $89,683 . The middle 57% of Merrill Lynch Financial Advisors makes between $89,683 and $225,376, with the top 86% making $498,664.
How long is the Merrill Lynch Financial Advisor Development Program?
18- month
The Advisor Development Rotational Program is an 18- month program which provides participants exposure to multiple disciplines within our Consumer & Small Business Banking financial centers and Merrill Lynch Wealth Management offices.
What is the highest salary for a financial advisor?
Financial advisors have a median annual salary of nearly $89,000, and the highest-paid ones can make over $200,000.
How much does the president of Merrill Lynch make?
| Bank | Executive | Salary |
|---|---|---|
| Merrill Lynch | Gregory J. Fleming President & Chief Operating Officer | $350,000 |
| Merrill Lynch | Robert J. McCann Executive Vice President | $350,000 |
| Merrill Lynch | Jeffrey N. Edwards Former Chief Financial Officer | $275,000 |
| Merrill Lynch | E. Stanley O�Neal Former Chief Executive Officer | $584,231 |
Does Merrill Lynch pay well?
The average Merrill Lynch Financial Advisor in Los Angeles, CA makes $99,441, 3% above the national average Merrill Lynch Financial Advisor salary of $96,630. This pay is 4% lower than the combined average salaries of other metros Denver, Seattle and Houston.
How much does a first vice president at Merrill Lynch make?
$143,475 per year
How much does a First Vice President at Merrill Lynch make? The typical Merrill Lynch First Vice President salary is $143,475 per year. First Vice President salaries at Merrill Lynch can range from $69,937 – $233,009 per year.
What is the PMD program at Merrill Lynch?
Practice Management Development
The great thing is you’ll have help every step of the way through our Practice Management Development (PMD) program, a training program that we believe is one of the most comprehensive in the industry. Now might be the time to enter the next phase of your career — as a Merrill Lynch financial advisor.
How much does a Merrill market leader make?
Merrill Lynch Salary FAQs How does the salary as a Market Leader at Merrill Lynch compare with the base salary range for this job? The average salary for a Market Leader is $86,065 per year in United States, which is 36% lower than the average Merrill Lynch salary of $136,406 per year for this job.
Who is the VP of Merrill Lynch?
Aaron Albright serves as the Private Wealth Manager, First Vice President of Merrill Lynch.
How much does a Merrill Lynch financial advisor make a year?
Merrill Lynch Financial Advisor Development Program Salaries. The typical Merrill Lynch Financial Advisor Development Program salary is $61,402. Financial Advisor Development Program salaries at Merrill Lynch can range from $50,284 – $75,426.
What is Merrill Lynch’s new advisor development program?
The wirehouse’s new 18-month Advisor Development Program stands to significantly increase the success rate of the firm’s advisors, from just 20% to 80%, the company said in June. The firm’s old program ran 36 months. Historically, Merrill had hired about 2,000 advisors into its training program annually.
How much does a financial advisor development program make?
The average salary for a Financial Advisor Development Program is $62,627 per year in United States, which is 9% lower than the average Merrill Lynch salary of $69,365 per year for this job. What is the salary trajectory of a Financial Advisor Development Program?
Is Merrill Lynch’s new training program based on a ‘broker-in-a-branch model?
“Merrill does have the advantage that the new training program” is based largely on the “broker-in-a-branch model,” in which parent company Bank of America’s branch clients are referred to advisors and that serves as “almost like a farm system” for the firm, he noted.