Merrill Lynch wants to hire more

Wall Street Bull

After a steady reduction in its brokerage force, Merrill Lynch is again adding numbers to its 'Thundering Herd'.

'We want to grow', John Thiel, the head of US Wealth Management and Private Banking at Merrill Lynch, said at Reuters Global Wealth Summit on last week. 'We have market-share opportunity'.

Reuters reports that Merrill Lynch, once the largest U.S. securities firm as measured by its sales force, ended the first quarter with 13,725 financial advisers, down almost 15% since it was bought by Bank of America during the financial crisis in January 2009.

Morgan Stanley, the world's biggest brokerage measured by sales force, employed 16,426 financial advisers as of March 31, while Wells Fargo Advisors had just over 15,000.

To access the complete Reuters article hit the link below:

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