Merrill Lynch Wealth Management
A three-person team led by 37-year industry and 16-year Merrill veteran Jon Blair with $1.35 million in production moved to Raymond James’ Frisco office.
The firm pulled clients from around 200 trainees in the new Advisor Development Program and will distribute them to established Merrill brokers.
A producing manager for Merrill in Grosse Pointe, Michigan jumped to UBS Wealth Management USA on Sept. 17 along with a four-year broker and support staffer.
More “Project Thunder” Painkillers for Merrill Brokers, While Sieg Tags Big 2022 Comp Changes As Unlikely
Merrill Lynch Wealth Management President Andy Sieg told brokers not to expect any “large-scale change” in their compensation plans for 2022 while acknowledging broker attrition remained an issue.
In ‘Project Thunder’ update, Merrill executives unveiled plans for “streamlining” and adding more “flexibility” to the process of onboarding clients with marijuana-related businesses.
The father had logged 42 years at Merrill in Illinois, and the son, who ranked as a top next-gen broker on industry lists, had been there for nine.