Current Raymond James Financial Recruitment Deal

From the desk of James Eccleston at Eccleston Law, LLC:

financial stress

Raymond James Financial has marketed a recruitment deal to financial advisors which consists of an upfront cash payment between 10% to 30%. 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 30% 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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