Merrill Raises Payouts in Retirement Transition Plan, Tweaks “Inheritor” Payoffs
Mindy Diamond Quoted – By Jed Horowitz and Mason Braswell, AdvisorHub – Merrill Lynch Wealth Management unveiled long-anticipated changes to its account-transition program for retiring brokers on Wednesday, adding five to 75 percentage points to the payouts brokers can receive over five to seven years after selling their “books” to colleagues.
