Monday, December 15, 2014

Efforts Continue to "BankofAmericanize" Merrill Brokers - No Compensation for "Small" Accounts

I am not quite sure when a $250,000 account became a small account, but Merrill Lynch told its brokers on Wednesday that it is eliminating pay for servicing clients with less than $250,000

Merrill Lynch & Co.Now, if you are a client at Merrill, with an account worth "only" $250,000, are you going to stay with Merrill? Of course not. 

And if you are a broker at Merrill, with any number of accounts in that range, are you going to stay with Merril?

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