BofA-Merrill’s new comp plan a mixed bag for advisors
Bonuses on net new assets in 2013 are tied to fee-based flows, loans and other products, though benefits for retiring advisors can be generous.
By Janet Levaux|December 17, 2012 at 12:26 PM
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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.
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