Merrill threatens pay cuts to advisors who don’t refer

Berkeley Capital Partners was founded when we left the MainStream of Wall Street in 2009 because we wanted to pursue a different way of helping our clients preserve and grow their wealth independent of the conflicts of interests we found there.  It appears not much has changed.  Check out this article about the recent “comp” change at Merrill:

http://www.investmentnews.com/article/20161207/FREE/161209947/bank-of-america-wants-more-referrals-from-its-merrill-lynch-advisers