back-end production goals

Jan

2017

Current Focus Financial Partners Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC :

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.

Jan

2017

Current Dynasty Financial Partners Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC :

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

Jan

2017

Current Commonwealth Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC :

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

Jan

2017

Current Cetera Financial Group Recruitment Deal

From the Desk of Jim Eccleston at Eccleston Law LLC :

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%