Tuesday, April 21, 2009

Smith Barney Loses 2,500 Reps; Recruits Heavily

While losing over $40 billion in client assets and over 2,500 advisors, Smith Barney continues to heavily recruit new advisors. Smith Barney is offering 240% of trailing 12 in order to attract those new advisors.

Naturally, those advisors need to carefully review and negotiate those employment agreements and promissory notes. Smith Barney is not just giving away that 240%.

Smith Barney Losing Advisors, Client Assets.

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