Retention Packages

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Jan 15, 2009 11:09 pm

I'm assuming companies don't give brand new FAs a retention package since they'd probably rather most of us leave anyway, but at what LOS and production level do FAs at a company like the new Morgan Stanley Smith Barney get a retention bonus?

Jan 15, 2009 11:10 pm

5 yrs or more, doing recognition level production.  If you are a trainee, you better be top of your class to have a chance.

Jan 16, 2009 7:14 pm

doubtful that they will apply LOS restriction to help or hurt you....it is all about Gross Production....you think some one doing over 500+ would get NONE because they were less than LOS 5

Jan 16, 2009 7:17 pm

Email went out today stating everyone at both firms would be given equal retention for what thats worth.

Jan 16, 2009 7:19 pm
g1l1fvp:

doubtful that they will apply LOS restriction to help or hurt you....it is all about Gross Production....you think some one doing over 500+ would get NONE because they were less than LOS 5

 
Read my post again, slower this time.