broker training
Merrill Lynch raises account minimumsPosted by RJ and Makay on Jan 09, 2012 |
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Merrill Lynch is raising the minimum account size in its wealth management unit from $100,000 to $250,000, the firm recently announced. Raising the account minimum could boost results for its high-end wealth management business and expand the market for its mass-affluent Merrill Edge operations. It could also negatively impact broker trainees, small market financial advisors and low-end producers who rely more on smaller accounts.
