Unless you have a VERY strong and wealthy group of potential clients ready to come aboard, don't do it. - Avis employé PMD Financial Advisor Merrill

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. You bring in assets as best you can and unless you have that lineup i keep speaking of you will fall behind the lofty monthly production (production is the money you charge for putting assets to work) goals. After a while of missing your monthly numbers (3 to 6 months), you will be let go. Your best accounts (250k households) will go to feed the top guys to keep them happy and the bottom of your client book (friends and family with very little money who trusted and believed you could make it) will be distributed to guys in the "program" who are barely hanging on like yourself. They will be bounced around to at least three new advisors in a year UNTIL they ship those clients to Merrill Edge. Cold Calling, Mailers and Networking to build a book in the time frame you are given does NOT work. Too much lag/lead time involved. The DO NOT CALL LIST and BofA existing relationships scrubs your cold call list (that you can purchase from a leads company) down to near nothing. No one opens junk mail anymore. Networking for business is built on trust and trust takes something you don't have........TIME! Don't get me wrong, It could be great if you come from a wealthy family or ubber connections that TRUST you with their money but if you don't..........DON'T DO IT! It will be the toughest 30k you will ever make IF you make it out of the program because you will be 100% commission at that point and you won’t get paid on households with less than 250k in investable assets. By the way that salary you will receive at the start will be reduced 1k a starting in month 13. Know what you are signing up for. Excuse me for my lengthy rants.