Advisor attrition dropping at Merrill Lynch
Lindsay Hans and Eric Schimpf, co-heads of Merrill Lynch Wealth Management
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Large firms with thousands of financial advisors working in various capacities appear to have turned the tide, at least for now, on losing advisors to their competitors or retirement, with Merrill Lynch showing a dramatic decrease in the number of advisors who left in 2023.
According to Investme
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