From the Desk of Jim Eccleston at Eccleston Law LLC :
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.
