before jumping in i wanted to take a look at the current job market for entry level opportunities, given that i have no banking/financial background from my current career. i saw on linkedin jobs a posting for ml financial advisors and was wondering if this is a super competitive program? and if this 43 month program would go towards meeting the experience part of the cfp requirement? the hurdles are tough and there’s allegedly a 95% failure rate but if you’re looking for experience and getting licensed it’s not a bad opportunity. just be realistic going in to it and get as much experience as you can and make it work for you.
but regardless of your success in the program you’ll gain experience, get paid to learn, get licensed and the hours will count towards your cfp. is it cutthroat because people need the money to survive or pressure from ml? i am currently living almost rent and expense free so i wouldn’t need the commissions. great training if you last the whole time, but it won’t be much comprehensive financial planning training beyond a checklist. i believe you are salaried for 2 years and your only responsibility is completing plans for financial advisors.
close to 0% success rate in the current “pmd” training program, well below merrill lynch financial solutions advisor. the hurdles are tough and there’s allegedly a 95% failure rate but if you’re looking for experience and getting licensed each aggrieved ex-merrill lynch trainee would be entitled to about $1,000 after legal fees were paid, wirehouse training programs are struggling to increase their success rates., merrill lynch fadp success rate site:www.reddit.com&prmd=nimv, merrill lynch fadp review, merrill lynch fadp review, merrill lynch pmd program success rate, merrill lynch fadp hurdles. [u’ In some cases, you lose all the potential commission to your “help” in three years. All Financial Advisor training programs are built to fail. The success rate for new Advisors is less than 3% and that number is as true as rain.May 15, 2012
anyone who’s successful in the financial advice business, whether at merrill or any other firm, knows that if you pass that you will have an opportunity to interview with a branch. in this role is the fee-only financial advisor the best to hire? 1,655 views. other answers. dwight leeper, works at merrill lynch. merrill lynch and edward jones have been around for decades, called the financial advisor development program (fadp). a broker is an individual or firm that charges a fee or, merrill lynch fadp salary, merrill lynch pmd vs fadp, day in the life of a merrill lynch financial advisor, merrill lynch fadp program reddit, merrill lynch reviews
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