Merrill Lynch details adviser development program
With a fresh take on adviser training, Merrill Lynch expects to increase diversity while graduating 1,000 new advisers per year. These advisers will be located in-office and report to their local market executives.
May 24, 2021
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Merrill Lynch unveiled fresh details Monday around its modernized adviser development program, or ADP as the wirehouse is calling it, after a year of teasing that it is overhauling training practices for new financial advisers.
The new program, which is led by Lydia DiClemente, managing director at Bank of America Merrill Lynch, not only cuts out the practice of cold-calling, but is designed to be a full-fledged talent management strategy that will integrate career paths and training for multiple roles within the company, said Andy Sieg, president of Merrill Lynch Wealth Management.