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Merrill Boasts Best Recruiting Quarter in More Than a Decade

Merrill Lynch Wealth Management president Andy Sieg said that the quarter ending September 30, marked the wirehouse brokerage’s “strongest recruiting quarter in over a decade.” So reports Advisor Hub.

merrillAmid the flurry of numbers out of parent company Bank of America’s earnings announcement, Sieg said that 97 brokers joined in the third quarter, up from 93 in the quarter before—the previous recent high.

Sieg credited Merrill’s accelerated growth program, aimed at recruits with two to 12 years of broker experience and offering a guaranteed salary over five years, with the “vast majority” of fresh hires.

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