Merrill Lynch – “99% of New Financial Advisors Fail”

Pros

Pay while training was pretty good
Get your licenses
You can make a lot of money if you have a list of clients to bring to Merrill.

Cons

99% of new people fail
Trarining isn't very good. Merrill Lynch used to have a good reputation for training, but this isn't true anymore.

Management's plan is to hire a ton of people and hope they bring in a few clients. You will then be fired because the goals are crazy. Your clients will be sent to the more senior advisors.

Advice to Senior Management

Invest in training.