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Jun 11, 2006 11:57 pm

Question for anyone that can provide some insight: What happens when a broker leaves for a big check, and manages to bring over only a fraction of what they "promised" to deliver in regards to assets/production.  In particular, production cause we all know that is really what matters most.

I've heard that (often) the firm tries to get them to leave, so they can get back a large portion of the upfront $.  And try to keep the few clients that came over to try and recoup even more.  They do this by making life for the broker miserable, albeit in a legal/proper manner. Anyone have any insight on this?

Jun 12, 2006 12:17 am

Makes sense that they would do that.  Sounds like you've got a pretty good handle on it.  Why, what's going on in your life right now?


Jun 12, 2006 12:38 am

Ace- I haven’t jumped ship.  We had a number of big hitters take off a year ago (bank to wirehouse) and I know very little has left.  I’d like to know what is facing the FA’s that left.  They were so sure that all would follow.  The opposite has happened.