Despite tough times, Merrill is ramping up broker training program
Merrill Lynch plans to put more resources into its broker training program which provides a pipeline for new brokerage talent at the firm.
Merrill Lynch plans to put more resources into its broker training program which provides a pipeline for new brokerage talent at the firm.
“The program never stopped, but it did slow down,” said Selena Morris, spokeswoman for Merrill Lynch Global Wealth Management of New York.
“The firm is recommitted to it and putting resources into [the program].”
The firm did not disclose how many trainees would be hired into the intensive five-year training program, known as Practice Management Development.
For the moment, trainees will be hired by internal managers at Merrill.
Next year, recruiters from outside the company will have the opportunity to identify candidates.
As of June 30, Merrill Lynch employed 15,808 brokers.
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