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
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
