"As always, advisers have discretion over client fees," said Merrill spokeswoman Selena Morris. She also said advisers have access to multiple platforms and trading desks, an arrangement known as "open architecture" that offers investors better access and pricing for securities.
What should Merrill customers do? If you like your financial adviser, a shake-up at the top shouldn't impact a good financial planning relationship. "This announcement does not affect how Merrill Lynch financial advisers interact with clients," says Selena Morris, a Bank of America spokesperson. "By
Date: Sep 09, 2011
Category: Business
Source: Google
David Darnell tells Merrill Lynch advisors he won't mess with their pay
Many of the comments were delivered to Merrill Lynch financial advisors yesterday via a series of conference calls, according to Selena Morris, spokeswoman for Bank of America in New York, who handles inquiries related to Merrill Lynch. Morris said she had no transcripts of those calls available, bu