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In the News

Merrill Looks to Selectively Recruit Veteran Brokers: Exec

Posted by Louis Diamond

April 15, 2021
Louis Diamond Quoted
By Miriam Rozen and Mason Braswell

A senior Merrill Lynch executive on Thursday underscored that the firm plans to selectively hire veteran brokers in some key markets in the coming months, a sign headhunters read as a thaw in the brokerage’s three-year retrenchment from veteran broker recruiting.

The comments appear to mark a “big change in strategy” for Merrill, which has shown little interest in experienced advisor teams, even ones with attractive client rosters, said industry recruiter Louis Diamond.

“Merrill has been getting bludgeoned,” said Diamond. “And in the last couple of years Merrill hasn’t been restocking the pond with experienced talent. It’s just been focused on trainees who aren’t bringing books.”

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President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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