Q for RRBDLAW
Jun 9, 2007 10:27 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?
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