Merrill Parts Ways with Veteran Manager in Michigan – AdvisorHub

9July 2020

July 9, 2020

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Merrill Lynch has actually dismissed a producing branch manager in Grand Blanc, Michigan, who had invested his 30-year career at the firm, according to two sources acquainted with the matter.

Jerry L. Rhoden, who began his brokerage profession at Merrill in 1990, left all of a sudden recently, the sources stated. One associated the departure to what appears to be a human resources issue of “inappropriate habits, and did not include clients or financial investments.

Rhoden might not be reached at an openly listed contact number or at his Michigan workplace, and did not immediately return an ask for comment sent out through social networks.

A Merrill representative validated that Rhoden is no longer an employee of the Bank of America-owned firm, however declined additional comment.

Rhoden's BrokerCheck record consists of a single consumer grievance from 2010 including an annuity death benefit, and says that Merrill rejected the complaint. The database since Thursday early morning still lists Rhoden as being signed up with Merrill Lynch.

Rhoden had actually been overseeing the branch in the Flint, Mich. suburb given that it opened in 2007, according to a regional media report. It has about 30 employees, including eight groups and 4 solo practitioners, according to the branch site.

“As a Senior Resident Director- Wealth Management Advisor, Jerry helps clients by assisting handle their specific wealth to meeting their specific needs,” his site biography states.

Rhoden gained local notoriety in 2015 when he was named as an offender in an unwanted sexual advances suit from Debra DiPillo, a consultant in the office for less than a year in 2014. She alleged that Rhoden retaliated versus her after she had complained about advances from the leader of her team. Rhoden supposedly made violent and suggestive remarks to her, according to a news release from Tom R. Pabst, DiPillo's lawyer.

The case was opted for $275,000, according to court records in Genesee County court and to Pabst.

Rhoden, whose LinkedIn profile states he obtained his high-school equivalency degree (GED) in 1970, was a “regular and demanded speaker on retirement planning,” according to his Merrill web biography. It states he finished from a local high school.

He is likewise part-owner of a 7-Eleven Inc. franchise in Flint, Michigan, according to his BrokerCheck report.Source: advisorhub.com

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