Merrill Lynch Wealth Management's advisor compensation plans for 2025 is little changed from 2024, aside from some minor adjustments.
"We are keeping the advisor compensation plan virtually unchanged," Tim Shook, head of advisor strategic programs and performance, said in a statement provided to ThinkAdvisor. "The 2025 plan is a reflection of our commitment to advisors to offer consistency, transparency and simplicity."
Shook added that the 2024 compensation plan has "rewarded advisors and their teams for delivering for clients" as the firm welcomed new households and grew existing relationships.
Next year, Merrill Lynch will make no changes to its grid rates, participation certificate (PC) hurdles or payouts. Likewise, the Merrill growth award and team grids remain unchanged for 2025.