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Now that clients are signed up, reps are cut out.
Merrill Lynch is no longer rewarding brokers for customer activity in its Visa Signature Rewards program.
Reps previously received points based on how much money their clients spent, according to brokers. But beginning this year, the firm stopped giving those points as well as points brokers earned foi using their own Rewards account.
While all CMA customers receive a plain vanilla Visa card, they can upgrade to the Visa Signature...