Merrill Lynch / Bank of America Wants Former Reps to Return to Merrill
Merrill Lynch is offering former brokers 400% transition deals to return to the firm and sing its praises. Merrill’s current advisors are not happy about the strategy. The new program specifically is reaching out to Merrill advisors and teams that left the firm during the financial crisis. Merrill is offering the premium deal and is promising to payoff (upfront) any and all remaining forgivable loan balances that remain at their current firm.
We highly recommend that advisors retain competent securities counsel to negotiate those deals, in advance of any such transactions.
The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.
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