Stifel

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Mar 20, 2009 1:28 am

Anyone know the transition package at stifel? Has it gone down?

Mar 20, 2009 11:57 pm

SK.

I know a year ago it was about 65% up front but now that they have a big audience and times are tougher I think it is around 35%. Just what I hear. Not confirmed.

Mar 21, 2009 12:58 am

I found out today 55% upfront for 500k -600k producer with 15% bonus 2nd through 6th year.  reasonable for regional

Mar 21, 2009 3:13 am

My understanding is that its different for each broker. There is a guideline, but it also has to do with quality of assets, AUM, type of business, etc. Great alternative.

Mar 28, 2009 1:39 pm

It will be very interesting to see how the cultures meld.....

Mar 28, 2009 7:37 pm

I bet most of the branches UBS sold were former Piper Jaffray branches...Piper's culture was probably pretty similar to SF.

Mar 29, 2009 1:35 am
Baba Booey:

I bet most of the branches UBS sold were former Piper Jaffray branches...Piper's culture was probably pretty similar to SF.

 
I can't remember but wasn't Piper part of US Bank ?
Mar 29, 2009 1:38 am

So that would make sense to be part of a regional again and not a bank ....is this a lesson we all already know ?

Mar 29, 2009 11:12 am

Piper was purchased by US Bank, then de-vested back to employees....I believe.  Regardless it was a failed merger.