Upfront payment: UP to 150% T-12 PRODUCTION**
-Cash with a 9-Year Term, Offered to “Franchise” Producers
BACK END PAYMENT: 100% T-12
-Based on asset targets, excluding qualified retirement assets.
Deferred: Negotiable, Generally between 10% and 30%
**As of November 3, Morgan Stanley is no longer a member of the Protocol for Broker Recruiting.
- J.P. Morgan Loses $8-Mln Team to Morgan Stanley, Wins Merrill Broker in NYC
- Wire Wars: Wells Hires Merrill Duos with Combined $4.5-Mln in TX, CA
- RBC Hires UBS Team with $1.6-Bln AUM, Managers from Morgan Stanley and Wells
- UBS Nabs $4.7-Mln Merrill Trio, BofA Private Bank Team on West Coast
- Morgan Stanley Hires $7-Mln Salt Lake Team from J.P. Morgan Private Bank