Merrill Lynch’s “thundering herd” of brokers was once synonymous with Wall Street’s sales culture. But Merrill is shifting from the commission-based brokerage model and pushing its brokers to serve as overall financial advisers.
WSJ.com: Deals & Deal Makers, Wall Street Journal: Markets: Deals & Deal Makers
Fri, 01/06/2017 - 7:04am
Merrill Lynch’s “thundering herd” of brokers was once synonymous with Wall Street’s sales culture. But Merrill is shifting from the commission-based brokerage model and pushing its brokers to serve as overall financial advisers.