Q for RRBDLAW

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Jun 9, 2007 6:27 pm

actually two questions...


1) A Sr FA with a wirehouse is retiring and I'm "buying" his book via a firm sponsored succession plan.  On the buyers contract (which I haven't signed) it stipulates non-solicitation forever.   So, the assets will be stickier under me than they are today under the Sr FA.  I seen brokers who've inherited books leave on a Friday afternoon, is the standard contract changing?


2) Are there some common "buyout deals" that you could shed some light on?  1.75 times net production paid over 4 years for example?