Merrill Lynch is moving the goal posts when it comes to broker pay.
The wirehouse unveiled several comp changes on Wednesday to its more than 14,000 advisors. Among the biggest: core grid ranges will rise $50,000 for producers below $1.5 million. Core payouts remained the same. In other words, a $500,000 producer looking to qualify for the next grid range will have to work a little harder next year.
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