One of Merrill’s Top Field Officers Takes a Leave
One of Merrill Lynch’s 10 divisional directors who oversees thousands of midwestern brokers is on an indefinite leave of absence, according to several sources inside and outside of the firm.
James R. Dickson, who oversee brokers in the Greater Midwest division from his office in Indianapolis, left his post last week for personal reasons, according to two of the sources, who spoke on condition of anonymity. They declined to elaborate.
Dickson, who has been in a midwestern management role since 2012, did not return requests for comment. He is a lifelong Merrill employee, having begun his career in December 1997 in Indiana, two years after graduating from Butler University.
Divisional heads, known in Merrill-speak as Market Executives, report directly to wealth management head Andy Sieg and oversee both traditional financial advisors and those in the firm’s PBIG private banking unit for ultra-wealthy clients. Dickson’s turf includes brokers in Kansas, Tennessee, and Indiana as well as in parts of adjacent states.
Paul Lambert, market executive for the MidAmerica division based in Chicago, is filling in for Dickson, said a well-placed source. Lambert’s cored territory includes 1,600 advisors in nine states, according to his LinkedIn profile.
Dickson, a member of Butler’s board of trustees, moved quickly moved into management. By the age of 30, he was manager of Merrill’s Carmel, branch, an 80-person office that in 2003 was generating $35 million in annual revenue, according to a 2003 profile of Hoosier State executives on the rise.
His Financial Industry Regulatory Authority BrokerCheck report shows no disclosures. Two sources at the firm said he remains on the payroll and has not been formally relieved of his duties.