Current LPL Financial Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC:investment-losses

LPL Financial has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 10% to 55%. Additionally, the hurdle in order to meet back-end production goals under the deal is:

·         Year 1: Hurdle – 50% of assets and revenue                              Payout bonus: 5% to 40% of production

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current JP Morgan Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC:
business-1219868_1280-2

JP Morgan has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 125% to 150%. Additionally, the hurdles in order to meet back-end production goals under the deal are:

·         Year 2: Hurdle – 75% of assets and revenue

Payout bonus: 25% of production (15% cash, 10% J.P. Morgan equity)

·         Year 3: Hurdle – 100% of assets and revenue

Payout bonus: 25% of production (15% cash, 10% J.P. Morgan equity)

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Hilliard Lyons Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLCcomputer-office-1209640_1280

Hilliard Lyons has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 60% to 90%. Additionally, the hurdles in order to meet back-end production goals under the deal are:

·         Year 1: Hurdle – 70% of assets                                                Payout bonus: 25% of production
·         Year 2: Hurdle – 90% of assets and revenue                           Payout bonus: 15% of production
·         Year 3: Hurdle – 105% of assets and revenue                            Payout bonus: 10% of production
·         Year 4: Hurdle – 125% of assets and revenue                         Payout bonus: 10% of production

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Hightower Advisors Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC:

Business People. Successful Business Partner Shaking Hands in the office. Business Team

Hightower Advisors has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 90% to 120% and Hightower equity: 80% to 100% of production (in private equity).

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Focus Financial Partners Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC :

financial stress

Focus Financial Partners has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 50% to 100%. Additionally, the hurdle in order to meet back-end production goals under the deal is:

·         Year 2: Hurdle – 90% of revenue

Payout bonus: 0% to 25%

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Dynasty Financial Partners Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC : tie-690084_1280

Dynasty Financial Partners has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 50% to 75%. Additionally, the hurdle in order to meet back-end production goals under the deal is:

·         Year 1: Hurdle – 75% assets and revenue
           Payout bonus: 0% to 45% of production

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Commonwealth Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC : investment-losses

Commonwealth Financial Network has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 25% to 50%. Additionally, the hurdle in order to meet back-end production goals under the deal is:

·         Year 1: Hurdle – 50% of assets and revenue                                          Payout bonus: 10% to 40% of production

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Cetera Financial Group Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC : eccleston-law-offices-ar

Cetera Financial Group has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 15% to 55%. Additionally, the hurdles in order to meet back-end production goals under the deal are:

  • Year 1: Payout bonus – 5% to 30%
  • Year 2: Payout bonus – 5% to 10%

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current Cambridge Investment Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC : eccleston-law-financial-advisor-12-11-14

Cambridge Investment has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 5% to 50%. Additionally, the hurdles in order to meet back-end production goals under the deal are:

  • Year 1: Payout bonus – 5% to 30%
  • Year 2: Payout bonus – 5% to 10%

 

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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Current AXA Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC :

Business People. Successful Business Partner Shaking Hands in the office. Business Team

AXA has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 5% and 55%. The deal includes:

Year 1: Payout bonus – 5% to 15%

Year 2: Payout bonus – 5% to 15%

All proposed deals are negotiable and reflected in numerous agreements such as promissory note and employment agreements. Reps should retain qualified legal counsel to review those documents in advance of committing to transition to a new firm.

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