Monday, November 21, 2016

Morgan Stanley Sweetens Recruiting Deals

 According to On Wall Street after overhauling its recruiting deals in light of new regulatory guidance on the fiduciary rule, Morgan Stanley is again tweaking its transition package for elite brokers.

The wirehouse is sweetening the deal for advisers in the top quintile, offering up to 175% of a broker's 12-month trailing production to move, according to two people familiar with the matter.

However, there is no back end - because of the fiduciary rule.

Morgan Stanley sweetens recruiting deals | On Wall Street

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The attorneys at Sallah Astarita & Cox have decades of experience in recruiting and broker transition matters, having negotiated packages and separation agreements with every major broker-dealer. To speak to one of their partners, call 212-509-6544.
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