Bank of America's wealth manager is looking for a new executive to head its massive financial adviser training program as it tackles bleak realities gripping the industry: advisers are old, and they're leaving big firms in droves.
She was appointed to her role in April 2019 to head up the rigorous, multi-year program that takes industry rookies and trains them up to be full-fledged financial advisers; she is also a market executive in upstate New York. for Merrill Lynch, among the largest US wealth management businesses with some $2.4 trillion in client assets through June.on Friday, which first reported her exit.
The FADP is designed to be a comprehensive program to bring up the next generation of financial advisers, and the program and ones like it tend to have relatively low graduation rates. In an interview with Business Insider in October 2019, Merrill Lynch president Andy Sieg"We're trying to do a better job communicating what a career as an adviser looks like, and what it's like getting started," he said.
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