Financial Times FT.com

Merrill’s financial advisers’ loyalty questioned

By Greg Farrell and Francesco Guerrera in New York

Published: January 6 2009 19:16 | Last updated: January 7 2009 00:04

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Fresh questions are being raised about the stability of Merrill Lynch’s 16,000-plus “thundering herd” of financial advisers, one of the most powerful and enduring forces in US financial markets.

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