-
What Andy Sieg exit means for advisors at Merrill and Citi
The unexpected departure of Merrill Prosperity Management’s president, Andy Sieg, final 7 days for Citigroup offers Merrill advisors an opening to hope for modifications they experienced extended requested for underneath their former leader, market recruiters and consultants advised Monetary Scheduling. But individuals hopes are likely to be quick-lived, as the significantly less-knowledgeable leaders replacing Sieg facial area an uphill battle to improve morale at a firm that is routinely bled leading talent to competitors. “You can find heading to be a wait-and-see that’s likely to very last 60, 90 days,” Phil Waxelbaum, an industry recruiter who is the founder and principal at Masada Consulting, mentioned in an interview, referring to…


