One of the most important issues facing our industry is the lack of documented succession plans for experienced, successful advisors."
Scott Curtis, president, Raymond James Financial Services.
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Merrill's New Training Could Put Advisors in 'Sticky' Situation
Janet Levaux | Think Advisor, July 2014
Read the article online >Summary: Starting in August, Bank of America-Merrill Lynch (BAC) says its advisor trainees will have the option of joining a team as a specialist and finishing the training program in about two and a half years, versus the traditional three and a half years. The aim is to support advisors with succession planning and build “the bridges necessary for the next generation of advisors to continue to deliver the experience our clients expect and deserve,” according to a memo shared with advisors on Monday.