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
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?
For more information, go to Merrill Raises Broker Bonuses, Eliminates Pay On Small Accounts
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