Bank of America-Merrill Lynch financial advisors compensation packages for 2013 is mixed bag for advisors, compensation experts say.
On the plus side, retiring advisors can potentially receive between 100 percent and 160 percent of their trailing-12-month production over a four-year period, which is up from 70 percent to 80 percent. Also, the pay grid stays the same.
However, a new emphasis on flows of certain types of asset flows–namely fee-based assets rather than overall net new money–is not likely to make all of the 17,000-plus Thundering Herd happy.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
