Merrill raises 2027 growth-award bar to $7.5M and 4 net households
The core grid stays flat, and the $150 million Elite Award becomes three categories paying a 50% premium.
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.
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