At a glance
- The core compensation grid stays unchanged, and the firm will add targeted 2027 advisor bonuses.
- Merrill is replacing the $150 million Elite Award with three categories that each pay a 50% premium to the growth award.
- For a Merrill advisor, the growth award now turns on two numbers at once: $7.5 million in revenue and four net new households.
Merrill raised the bar for its 2027 growth award to $7.5 million in revenue and a net four new households, Financial Planning reported.
The core compensation grid stays unchanged, and the firm will add targeted 2027 advisor bonuses.
Merrill is replacing the $150 million Elite Award with three categories that each pay a 50% premium to the growth award.
For a Merrill advisor, the growth award now turns on two numbers at once: $7.5 million in revenue and four net new households. Financial Planning reported the firm is holding its basic compensation grid in place while seeking to boost recruiting.
Reported by The Advisor's Note desk from Financial Planning. Published . Corrections