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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