Steward Partners

Current Steward Partners Recruitment Deal

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

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

Steward Partners has marketed a recruitment deal to financial advisors which consists of an upfront cash payment up to 100% cash and up to 100% in equity. In addition, a succession plan deal may provide for less in cash plus equity and books/practices under $1M for candidates looking to retire. Lastly, premiums still are offered an additional 25% in equity for first adopters in new markets (100% cash plus up to 125% 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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