Will the rumored Merrill retention package materialize—And will it be the “free lunch” advisors are hoping for?
By Mindy Diamond – Rumors are swirling that a Merrill retention package for their advisor elite is pending announcement. And while Merrill and other wirehouse advisors feel they are in line for a retire-in-place program like that of Morgan Stanley, certain realities simmer in the background, the most prominent being, “There is no free lunch.”
